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Angel One IPO is a book built issue of Rs 600.00 crores. The issue is a combination of fresh issue of Rs 300.00 crores and offer for sale of Rs 300.00 crores.
Angel One IPO bidding started from September 22, 2020 and ended on September 24, 2020. The allotment for Angel One IPO was finalized on Tuesday, September 29, 2020. The shares got listed on BSE, NSE on October 5, 2020.
Angel One IPO price band is set at ₹305 to ₹306 per share. The minimum lot size for an application is 49 Shares. The minimum amount of investment required by retail investors is ₹14,994.
Edelweiss Financial Services Ltd, ICICI Securities Limited and SBI Capital Markets Limited are the book running lead managers of the Angel One IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Angel One IPO RHP for detailed information.
| IPO Date | September 22, 2020 to September 24, 2020 |
| Listing Date | October 5, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹305 to ₹306 per share |
| Lot Size | 49 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹600.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹300.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹300.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 71,995,003 |
| Share holding post issue | 81,798,924 |
Angel One IPO offers 13,770,491 shares. 3,934,425 (28.57%) to QIB, 2,950,820 (21.43%) to NII, 6,885,246 (50.00%) to RII. 140,515 RIIs will receive minimum 49 shares and (sNII) and (bNII) will receive minimum 686 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,934,425 (28.57%) | NA |
| NII (HNI) Shares Offered | 2,950,820 (21.43%) | |
| Retail Shares Offered | 6,885,246 (50.00%) | 140,515 |
| Total Shares Offered | 13,770,491 (100%) |
Angel One IPO opens on September 22, 2020, and closes on September 24, 2020.
| IPO Open Date | Tuesday, September 22, 2020 |
| IPO Close Date | Thursday, September 24, 2020 |
| Basis of Allotment | Tuesday, September 29, 2020 |
| Initiation of Refunds | Wednesday, September 30, 2020 |
| Credit of Shares to Demat | Thursday, October 1, 2020 |
| Listing Date | Monday, October 5, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2020 |
Investors can bid for a minimum of 49 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 49 | ₹14,994 |
| Retail (Max) | 13 | 637 | ₹194,922 |
| Lot Size Calculator | |||
Dinesh D. Thakkar, Ashok D. Thakkar and Sunita A. Magnani are the promoters of the company.
| Share Holding Pre Issue | 65.42% |
| Share Holding Post Issue |
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| Particulars | For the year/period ended (Rs in Million) | ||||
|---|---|---|---|---|---|
| 30 June 2020 | 31 March 2020 | 31 March 2019 | 31 March 2018 | ||
| Total Assets | 29,731.02 | 21,592.05 | 21,690.56 | 22,828.67 | |
| Total Revenue | 2,440.86 | 7,427.79 | 7,626.47 | 7,536.55 | |
| Profit After Tax | 381.83 | 866.24 | 766.94 | 1,010.52 | |
The Net Proceeds from the fresh Issue will be utilised towards the following objects:
1. To meet working capital requirements; and
2. General corporate purposes
[Dilip Davda] ABL has geared itself for pure digital play in the securities market and become the largest retail broking firm in India. Considering rising trends for stock market investments and an increasing number of investors, this company is poised for bright prospects ahead. Investors may consider investment for the long term. Read detail review...
The Angel One IPO is subscribed 3.94 times on September 24, 2020 5:00:04 PM. The public issue subscribed 4.31 times in the retail category, 5.74 times in the QIB category, and 0.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 5.74 |
| NII | 0.69 |
| Retail | 4.31 |
| Total | 3.94 |
The Percentage of Offer Size available for Allotment/allocation:
| Category | No. of shares | % |
|---|---|---|
|
Anchor |
58,82,353 |
30% |
|
QIB |
39,34,425 |
20% |
|
NII |
29,50,820 |
15% |
|
Retail |
68,85,246 |
35% |
|
Total |
1,96,52,844 |
| Listing Date | October 5, 2020 |
| BSE Script Code | 543235 |
| NSE Symbol | ANGELONE |
| ISIN | INE732I01013 |
| Final Issue Price | ₹306 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹306.00 |
| ₹275.00 |
| ₹256.60 |
| ₹296.45 |
| ₹275.85 |
| NSE |
|---|
| ₹306.00 |
| ₹275.00 |
| ₹257.00 |
| ₹296.70 |
| ₹275.80 |
Angel One Ltd
G-1, Ground Floor, Akruti Trade Centre,
Road No. 7, MIDC,
Andheri (East), Mumbai 400 093
Phone: +91 22 4000 3600
Email: investors@angelbroking.com
Website: https://www.angelbroking.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: angel.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Angel One IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The issue is priced at ₹305 to ₹306 per share. The minimum order quantity is 49 Shares.
The IPO opens on September 22, 2020, and closes on September 24, 2020.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Angel One IPO using UPI as a payment gateway. Zerodha customers can apply in Angel One IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Angel One IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Angel One IPO opens on September 22, 2020 and closes on September 24, 2020.
Angel One IPO lot size is 49 Shares, and the minimum amount required is ₹14,994.
You can apply in Angel One IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Angel One IPO will be done on Tuesday, September 29, 2020, and the allotted shares will be credited to your demat account by Thursday, October 1, 2020. Check the Angel One IPO allotment status.
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IPOANALYSIS| Link | Bookmark |October 30, 2020 10:56:56 AMAll the people giving wrong comments have gone with wind. See price now. Action just started. Angel broking is an excellent company with good management and future multibagger. Some companies like page industries, eicher motor and many other went down on listing day and then we all know the results now