IPO || Angel Broking Ltd. IPO || Company Overview || Lot Size || Tentatives Dates|| Company Financials
About the company:-
Angel Broking Limited (formerly known as Angel Broking Private Limited) is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Metropolitan Stock Exchange of India (MSEI), NCDEX & MCX. Angel Broking Limited is also registered as a Depository Participant with CDSL.
Angel Broking is an Indian stockbroker firm established in 1987 and incorporated as a company in 1996 and Angel Broking Limited is one of the well known independent full-service retail broking house in India in terms of active clients on NSE as of June 30, 2020.
Angel Broking is Now come up with a Rs. 600 crore Initial Public Offer (IPO).
Angel Broking is a technology-led providing financial services, broking, and advisory services, margin funding, loans against shares (through one of our Subsidiaries, AFPL), and financial product distribution to his clients under the brand “Angel Broking”.
Company’s main strength through they offered services are:-
- Company’s online and digital platforms, and
- Company’s network of over 11,000 Authorised Persons (the “Authorised Persons”), as of June 30, 2020.
Angel Broking has more than 4.39 million downloads of our Angel Broking mobile application and nearly 1 million downloads of our Angel BEE mobile application as of June 30, 2020.
Angel Broking manage ₹ 132,540 million in client assets and over 2.15 million operational broking accounts as of June 30, 2020.
Company Financials:-
| Particulars | March 31, 2020 | March 31, 2019 | March 31, 2018 |
| Total Revenue | 74277.90 | 76264.70 | 75365.50 |
| Total Expenses | 65615.50 | 68595.30 | 65260.30 |
| Profit for the Year | 8662.40 | 7669.40 | 10105.20 |
Angel Broking IPO Dates, Price Band, Lot size:–
| Bid Open: | 22 September 2020 |
| Bid Close: | 24 September 2020 |
| IPO Size: | Approx ₹600 Crore |
| Price Band: | ₹305 – ₹306 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| QIB Portion: | 50% |
| NIB Portion: | 15% |
| Lot Size: | Minimum 49 Shares Maximum 637 Shares |
| Minimum Amount: | ₹14994/- |
| Maximum Amount: | ₹194922/- |
Angel Broking IPO Allotment Tentative Date:-
| Finalization of Basis of Allotment: | 29 September 2020 |
| Initiation of Refunds: | 30 September 2020 |
| Credit to Demat Account: | 01 October 2020 |
| IPO Listing Date: | 05 October 2020 |
How to Apply for Angel Broking IPO:-
Now you can apply IPO through your De-MAT account. Just simply log in to your De-MAT Account and Go to the IPO section under the Investment option and select open IPOs and make payment through UPI Apps. and 2nd ways to apply is through the ASBA facility available in your Bank Account you have to just log in to your net banking and go to the Investment option and select Open IPO list, and if you have not Net banking then you can apply offline through Filling a simple form with your Brokers.
Note:- For Free Demat Account Opening or any Other Assistant you may Contact on +9187088-20004
Company’s Management:-
- Dinesh D. Thakkar
- Ashok D. Thakkar
- Sunita A. Magnani
Company Registered Address:–
Angel Broking Limited
G-1, Ground Floor, Akruti Trade Centre,
Road No. 7, MIDC, Andheri (East),
Mumbai 400 093
Tel: +91 22 4000 3600
Fax: +91 22 2835 8811
E-mail: investors@angelbroking.com
Website: www.angelbroking.com
Angel Broking IPO book running lead managers:–
- ICICI Securities Limited
- Edelweiss Financial Services Limited
- SBI Capital Markets Limited
Angel Broking Grey Market Premium:-
100-120 as on today.
Note:- Grey Market Premium changing on daily basis do not subscribe just seeing GMP please consult before Investment with your Investment Planner or Adviser.
Our Review on Angel Broking IPO:-
Should apply for listing gain and Long term Purpose.
!!!!! Thank You !!!!!!
