Angel Broking IPO Details

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Angel Broking Pvt Ltd, Bhusawal Kutchery - Demat Share Consultants in Bhusawal - Justdial

Angel Broking IPO description – 

Angel Broking is one of the largest independent full-service retail broking houses in India, in terms of active clients on NSE as of 31 July 2018. It is a technology led financial services company offering broking and advisory services, margin funding, loans against shares (through AFPL) and financial products distribution. Its broking services are offered through (i) online and digital platforms, and (ii) network of more than 11,000 sub-brokers, as of 30 June 2018. The company has more than 850,000 downloads of its Angel Broking mobile app and more than 450,000 downloads of Angel BEE app as of 30 June 2018. Through its network of sub-brokers and over 110 branches, Angel has a pan-India presence across 1,800 cities and towns and managed INR113,023.06 million (INR11,302.3 crore) in client assets and over 1.11 million active broking accounts.

During the quarter ended 30 June 2018, 87.25% of its revenues through direct services and 46.49% of the revenue through sub-brokers were provided through online and digital platforms, aggregating to 59.88% of its broking revenues.

Promoters of Angel Broking – Dinesh D Thakkar, Ashok D Thakkar, Sunita A Magnani

Angel Broking IPO details
Subscription DatesTo be updated
Price BandTo be updated
Fresh issueINR300 crore
Offer For SaleINR300 crore
Total IPO sizeINR600 crore
Minimum bid (lot size)To be updated
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

Angel Broking’s financial performance (in INR crore)

FY2016FY2017FY2018Q1 FY2019
Revenue462.3552.3784.4205.5
Expenses410.3504.4625.7165.8
Net income31.731.0107.925.6
Net margin (%)6.95.613.812.5


Listing Performance of Angel Broking

IPO Opening Date: To be updated
IPO Closing Date: To be updated
Finalisation of Basis of Allotment: To be updated
Initiation of refunds: To be updated
Transfer of shares to demat accounts: To be updated
Listing Date: To be updated
Opening Price on NSE: To be updated
Closing Price on NSE: To be updated


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