In this article, we will discuss in detail the Angel Broking IPO dates, size, allotment status, Angel Broking IPO subscription, grey market premium, and its company’s financial status that will help you to conclude whether you should invest or subscribe for this IPO or not.
| Open Date | NA |
| Close Date | NA |
| IPO Price Band | NA |
| Face Value | Rs. 10 |
| No. of Shares | NA |
| Share Price | NA |
| Share premium | NA |
| IPO Size | Rs. 3,000.00 million |
Angel Broking Limited – Abstract
Angel Broking is one of the largest independent full-service retail broking houses in India in terms of active clients on NSE as of July 31, 2018.
The principal business includes broking and advisory services, margin funding, and distribution of financial products which are complemented by research services and investment advisory.
The Promoters of this company are Dinesh D. Thakkar, Ashok D. Thakkar, and Sunita A. Magnani. The lead manager to the issue are ICICI Securities Limited, Edelweiss Financial Services Limited, and SBI Capital Markets Limited; and the Registrar to this issue is Link Intime India Private Limited.
Angel Broking Limited IPO Review
The consolidated revenue from operations was Rs. 1937.14 million, Rs. 7,647.65 million, Rs. 5,369.23 million, and Rs. 4,474.10 million for the quarter ended June 30, 2018, and in Financial Years 2018, 2017, and 2016, respectively.
Further, the net profit as restated was Rs. 255.91 million, Rs. 1,079.28 million, Rs. 310.14 million, and Rs. 317.24 million for the quarter ended June 30, 2018, and in Financial Years 2018, 2017, and 2016, respectively. In Financial Year 2018, the return on net worth was 22.72%.
Net asset value per Equity Share as per the Restated Consolidated Financial Information as on June 30, 2018, and March 31, 2018: Rs. 69.52 and Rs. 66.13. The Net asset value per Equity Share as per the Restated Standalone Financial Information as on June 30, 2018, and March 31, 2018: Rs. 66.05 and Rs. 62.65
Angel Broking Limited IPO Date
The opening and closing date of Angel Broking Limited IPO is NA.
Angel Broking Limited IPO Subscription
The shares subscribed by the public will be updated here.
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Angel Broking IPO Allotment Status
Once the IPO is subscribed, you can check here the Allotment Status of this IPO.
- Angel Broking IPO Allotment Check
Angel Broking IPO Grey Market Premium
The Angel Broking Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Angel Broking IPO Price
Equity Shares of Rs 10/- each but the Issue Price is yet to be disclosed.
Angel Broking IPO Issue Size
Issue of Equity Shares of the face value of Rs.10/- each.
Angel Broking Limited – Company Overview
Angel Broking is a technology-led financial services company, that provides broking and advisory services, margin funding, loans against shares (through one of the Subsidiaries, AFPL), and financial products distribution to clients under the brand “Angel Broking”. The booking services are offered through (i) the online and digital platforms, and (ii) the network of more than 11,000 sub-brokers, as of June 30, 2018.
They have more than 850,000 downloads of the Angel Broking mobile app and more than 450,000 downloads of the Angel BEE app as of June 30, 2018, which enables the clients to avail of the services digitally. Through the network of sub-brokers and over 110 branches, we have a pan-India presence across 1,800 cities and towns, as of June 30, 2018. As of June 30, 2018, the Company managed Rs. 113,023.06 million in client assets and over 1.11 million active broking accounts.
During the quarter that ended June 30, 2018, 87.25% of the revenue was through direct services, and 46.49% of the revenue through the sub-brokers was provided through online and digital platforms. This aggregates to 59.88% of the broking revenues, being earned through the online and digital platforms for the quarter that ended June 30, 2018.
Angel Broking Growth in Technology
The primary focus is to profitably grow the retail broking, margin funding, and distribution businesses through the online and digital platforms, “Angel Broking App”, “trade.angelbroking.com”, “Angel SpeedPro”, “Angel BEE”, which are powered by “ARQ”, a rule-based investment engine. They believe that we are positioned to benefit from the development of the Indian financial market, increased emphasis on digitalization, and growth in the returns from such financial investments.
Angel Broking has received several awards and accolades for its services and products, including the ‘Best performing retail member – Pan India 2016-17’ Award at the Market Achievers Awards organized by NSE, one of the ‘Top Volume Performers in Equity Retail Segment 2016-17’ by BSE, the ‘Fulcrums of Commodity Derivatives Market’ Award by MCX in 2018 and the ‘Best Technology House of the Year’ in 2016 at the ASSOCHAM Excellence Awards. They provide a wide range of financial services to clients including and about:
- Broking and Advisory:
It provides broking services across equity (cash-delivery, intra-day, futures, and options), commodity, and currency segments, along with debt products. They facilitate the participation of the clients in initial public offerings undertaken by various companies. As a part of the broking and advisory services offered by them, we also facilitate the opening of demat accounts for the clients. The Company is a member of BSE, NSE, MSEI, MCX, and NCDEX to provide broking services.
To complement the broking and advisory services, we also provide the following additional services to the clients:
(i) Research Services: They have a dedicated research team that publishes research reports on a daily, weekly, and monthly basis for the clients, to enable them to make informed investment decisions across equity, commodity, and currency segments.
(ii) Investment Advisory: They provide investment advisory services to retail clients with customized investment recommendations which we believe assist the clients in achieving their investment goals across various investment avenues such as equities, debt, currency, commodities, derivatives, mutual funds, and insurance products.
(iii) Investor Education: The website is also a knowledge center that aims to empower investors, including clients, with an understanding in respect of trading and investment products. As part of the investor awareness initiative, we regularly undertake sessions through various digital mediums, to enhance the retail clients’ knowledge regarding the products, research, and market trends.
- Other Financial Services:
In addition to the broking and advisory services, we also provide the following financial services that may enable the clients to achieve their financial goals:
(i) Margin Trading Facility: They provide margin trading facilities to the clients for leveraging their eligible collaterals by funding their requirements on the cash delivery segment of equities. Such funding is subject to exposure against margins that are mandated by the stock exchanges, with the securities forming a part of the collateral for such funding.
(ii) Distribution: They undertake the distribution of third-party financial products such as mutual funds, and health and life insurance products, according to the client’s requirements. Such distribution is undertaken through both the offline channels and the digital platforms, “Angel Broking” and “Angel BEE”. They believe that the distribution business helps the clients to achieve their financial and risk mitigation objectives by providing them with personal wealth management services.
(iii) Loans against shares: Through the Subsidiary, AFPL, which is registered as an NBFC, we provide loans against shares to retail clients.
Angel Broking Limited – Company Financials
Based on the Standalone statement:-
| Amount (in INR & Million) | ||||||
| 30-Jun-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 19,206.78 | 22,721.27 | 15,412.52 | 9,288.77 | 7,357.27 | 7,341.37 |
| Total Revenue | 1,978.24 | 7,522.61 | 4,714.06 | 3,813.05 | 3,643.94 | 2,560.54 |
| Total Expense | 1,588.14 | 6,032.86 | 4,433.78 | 3,417.34 | 3,077.35 | 2,463.38 |
| Profit After Tax | 255.37 | 1,018.50 | 206.98 | 254.84 | 361.45 | 73.29 |
Angel Broking Limited IPO Lead Managers
| Lead Managers |
| ICICI Securities Limited
Edelweiss Financial Services Limited SBI Capital Markets Limited |
Angel Broking Limited IPO Registrar to Offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st floor, 247 Park, Lal Bahadur Shastri Marg Vikhroli (West), Mumbai 400 083 Tel: +91 22 4918 6200, Fax: +91 22 4918 6195 E-mail: angel.ipo@linkintime.co.in Investor Grievance E-mail: angel.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Angel Broking Limited IPO Conclusion
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