Angel Broking Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 9,803,916 (50%) | — | ₹30,000 Cr |
| NII (HNI) | — | 2,941,176 (15%) | — | ₹9,000 Cr |
| Retail | — | 6,862,743 (35%) | — | ₹21,000 Cr |
| Σ Total | — | 19,607,835 (100%) | — | ₹600,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 49 | ₹14,994 |
| Retail (Max) | 13 | 637 | ₹194,922 |
| S-HNI (Min) | 14 | 686 | ₹209,916 |
| B-HNI (Min) | 67 | 3,283 | ₹1,004,598 |
Financial Statements Amount in Crore
| Metric | 30 June 2020 | 31 March 2020 | 31 March 2019 |
|---|---|---|---|
| Revenue | 244 | 743 | 763 |
| Profit After Tax | 38 | 87 | 77 |
| Total Assets | 2,973 | 2,159 | 2,169 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To meet working capital requirements – 230.00
- 2 General corporate purposes – 53.17
Company Overview
Incorporated in 1996, Angel One Ltd is one of India's oldest stockbroking houses providing broking, marging funding, advisory,and financial services through brands "Angel One" and "Angel Bee" powered by "ARQ". They have a strong market presence with active clientele on the National Stock Exchange (NSE) with a market share of around 6.3% and 2.15 million operational broking accounts as of June 2020.
It's digital transformation helped it being the 4th Largest comapany in terms of active NSE clients and 2nd largest in terms of incremental NSE clients in Q1 - FY21. Angel One being a pioneer in new client activation has access to approximately 79.55 miliion persons as of June 30, 2020. From Q1 FY20 to Q1 FY21, its average daily turnover has been increased from Rs. 253,176 million to Rs. 618,945 million.
Angel One Ltd offers some of the key products and financial services to the clients:
1. Broking and Advisory 2. Margin Trading Facility 3. Investor Education 4. Loans against shares 5. Research Services Competitive Strengths 1. Strong brand name 2. Advanced technology and digitalization 3. Strong client base 4. Pan-India presence 5. Strong financial performance