IPO

Angel Broking Ltd IPO

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Company Background

Angel Broking Ltd. is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through subsidiary, AFPL) and financial products distribution to its clients. Its broking and allied services are offered through online & digital platforms and through network of over 11,000 Authorised Persons which is the largest in terms of Authorised Persons registered with NSE. It manages Rs.13,254 Cr in client assets and has over 2.15 million operational broking accounts as of June 30, 2020.Services

Issue Details

The offer consists of Fresh Issue of Equity shares aggregating up to Rs.300 Cr and Offer for sale amounting to Rs.300 Cr. The net proceeds from the Fresh Issue are expected to be utilized towards:

  • Rs.230 Cr for working capital requirements
  • Balance for general corporate purposes

Angel Broking Ltd IPO Subscription Details

Company

Angel Broking Ltd

Issue Type

(Book Built Portion)

Issue Size (In ` Crore)

600

Lot Size

49 Equity Shares

Open Date

22 Sep

Close Date

24 Sep

Offer Price

Rs.305-306 per equity share

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Financials

Consolidated Rs Cr

FY18

FY19

FY20

Q1 FY21

Revenue

739

737

711

236

EBITDA (%)

32.5

24.1

21.6

23.9

EPS (Rs)

12.4

9.4

10.6

4.7

PE(x)

24.8

32.6

28.9

--

ROE (%)

22.6

15.0

13.9

--

Key Points

Over the last three years, Angel Broking has constantly undertaken digital initiatives to transform its business (traditionally relied on physical infrastructure). As a result, it has been able to widen its reach and steadily grow clients acquired from Tier 3 and beyond cities. Over the Q2FY20-Q1FY21 ~80% of its clients were acquired digitally with ~50% acquired through performance marketing. Focused digital marketing strategies has enabled Angel Broking to increase its market share in incremental Demat accounts from 4.2% in FY18 to 14.7% in Q1FY21.

Angel Broking is India’s 4th largest retail focused broking house (based on active clients on NSE). Since inception, it’s client centric approach and adaptability (from branches to digital) has enabled it to sustain in a more challenging retail broking industry and it is now able to match growth rates (for incremental client additions) posted by other discount brokers. Considering its digital offerings, physical reach and its brand strength, we believe that Angel Broking can continue to benefit from higher retail participation and industry consolidation.

 

How to apply IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App
  • Click on Trade & select IPO section
  • Select Angel Broking IPO
  • Enter the number of lots and price
  • Enter your UPI ID and click on submit
  • Your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

Angel Broking Ltd IPO Frequently Asked Questions

What is Angel Broking IPO?

Angel Borking Ltd, one of the oldest broking houses in India has come up with its initial public offerings.  face value of ₹10 aggregating up to ₹600.00 Crores. The issue is priced at ₹305 to ₹306 per equity share. The minimum order quantity is 49 Shares.

When Angel Broking IPO will open?

Angel Broking IPO opens on Sep 22, 2020 and the issue will close on Sep 24, 2020.

What is the lot size of Angel Broking IPO?

Angel Broking IPO lot size is 49 Shares and the minimum order quantity is 49 Shares.

When is Angel Broking IPO listing date?

Listing date is yet to be announced. The tentative date of Angel Broking IPO listing is Oct 5, 2020.

How to Apply for Angel Broking IPO?

You can apply in Angel Broking IPO online using either UPI OR ASBA as payment method. You can apply for Angel Broking IPO using any UPI ID OR apply using ASBA with netbanking. Read above the process to know how you can apply for Angel Broking IPO online with 5paisa App.

Read more IPO FAQs

Contact Details of Angel Broking Ltd IPO

Company Contact Information

Angel Broking Ltd IPO
G-1 Ground Flr Akruti Trade,
Centre Road No-7 MIDC Anderi,
Mumbai, Maharashtra 400093.

Phone: 91-22-4000 3600
Email: investors@angelbroking.com

Angel Broking Ltd IPO Register

Link Intime India Pvt Ltd

Angel Broking Ltd IPO Lead Manager(s)

  • Edelweiss Financial Services Ltd
  • ICICI Securities Ltd
  • SBI Capital Markets Ltd

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