Angel Broking IPO
Angel Broking IPO — date, price band, lot size & details 2020
Angel Broking listed on 5 Oct 2020 at ₹275, 10.1% below the ₹306 issue price.
Angel Broking, now Angel One, is one of the largest retail broking houses in India by active NSE clients, offering broking, advisory, margin funding and loans against shares. Its total income was Rs 742.78 crore in FY2020.
Stock price
Angel Broking is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 22 Sep 2020
- Close 24 Sep 2020
- Allotment 29 Sep 2020
- Refund/credit 30 Sep 2020
- Listing 05 Oct 2020
Issue summary
The terms of the offer, as filed.
| IPO Dates | 22 to 24 Sep, 2020 |
|---|---|
| Price Band | ₹305 – ₹306 |
| Face Value | ₹10 |
| Lot Size | 49 Shares |
| Issue Size | ₹600 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,994 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 49 shares at the ₹306 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 49 | ₹14,994 |
| Retail (max) | 13 | 637 | ₹1,94,922 |
| S-HNI (min) | 14 | 686 | ₹2,09,916 |
| S-HNI (max) | 66 | 3,234 | ₹9,89,604 |
| B-HNI (min) | 67 | 3,283 | ₹10,04,598 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01It had over 2.15 million operational broking accounts on 30 June 2020.
- 02Its reach covered 18,649 pin codes, about 96.87% of pin codes in India, as of 30 June 2020.
- 03Total borrowing fell from Rs 1,077.64 crore in FY2018 to Rs 487.73 crore in FY2020.
- 04Net worth rose from Rs 473.57 crore in FY2018 to Rs 639.08 crore on 30 June 2020.
- 05Profit after tax was Rs 38.18 crore in the three months to 30 June 2020.
Risks · 6
- 01Total income dipped from Rs 762.65 crore in FY2019 to Rs 742.78 crore in FY2020.
- 02Profit after tax fell from Rs 101.05 crore in FY2018 to Rs 86.62 crore in FY2020.
- 03The top 20% of active clients gave over 91.30% of brokerage income as of 30 June 2020.
- 04Broking made up about 75% of its revenue in FY2020, so income depends on market volumes.
- 05Total borrowing rose to Rs 671.19 crore on 30 June 2020.
- 06Promoter holding fell from 55.19% before the issue to 44.56% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Angel Broking offer document.
| Metric | 30 Jun 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 2,973.10 | 2,159.21 | 2,169.06 | 2,282.87 |
| Total Income | 244.09 | 742.78 | 762.65 | 753.66 |
| Profit After Tax | 38.18 | 86.62 | 76.69 | 101.05 |
| NET Worth | 639.08 | 591.42 | 531.44 | 473.57 |
| Total Borrowing | 671.19 | 487.73 | 866.19 | 1,077.64 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹283.17 Cr of the issue is earmarked to named objects.
About the company
According to the CRISIL Report in its RHP, it was one of the largest retail broking houses in India by active clients on NSE as of 30 June 2020. It served clients through online platforms and over 11,000 authorised persons, reaching 18,649 pin codes.
It had over 2.15 million operational broking accounts and Rs 132,540 million of client assets as of 30 June 2020. Its promoters are Dinesh D. Thakkar, Ashok D. Thakkar and Sunita A. Magnani.
The IPO was Rs 600 crore, with Rs 300.00 crore of fresh issue and Rs 300.00 crore of offer for sale. The fresh money was mainly planned for working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Angel Broking IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
70 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: Kalyan Jewellers India (-15.0%).
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Edelweiss Financial Services Ltd
17 issues handledBest listing: Route Mobile (+104.9%). Weakest: Lodha Developers (-10.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Angel Broking?
The current Grey Market Premium is ₹12.5, or 4% over the issue price.
What is the Angel Broking IPO price band?
₹305 to ₹306, on a face value of ₹10.
When is the allotment?
The basis of allotment is 29 September 2020, with listing on 5 October 2020.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
