Angel Broking Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹-5(-1.63%)
Premium (ELP)
Following its successful public offering, Angel Broking Limited's made its market debut on Oct 05, 2020 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 1,96,07,835 Shares in total capital, including 98,03,921 Shares in primary equity infusion and ₹300.00 Cr in secondary share sales.
The offering was structured with a price band of ₹305 to ₹306 and minimum investment lots of 49 shares. Investor participation during the subscription window from Sep 22, 2020 to Sep 24, 2020 demonstrated market confidence in the company's prospects.
The allotment process concluded on Sep 30, 2020, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in 1996, Angel One Ltd is among India’s oldest and most trusted stockbroking firms, offering a wide range of financial services such as broking, margin funding, investment advisory, and research through its brands Angel One and Angel Bee, supported by its AI-based tool ARQ. The company has built a strong market presence, holding a 6.3% share on the NSE and managing 2.15 million active broking accounts as of June 2020, with digital transformation playing a major role in its growth. This shift helped Angel One become the fourth-largest broker by active NSE clients and the second-largest in new client additions in Q1 FY21, while reaching access to nearly 79.55 million potential investors by June 2020. Reflecting its rapid expansion and growing investor participation, the company’s average daily trading turnover increased sharply from ₹253,176 million in Q1 FY20 to ₹618,945 million in Q1 FY21.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Well-Established Brand: Trusted name in the financial sector with years of experience.
- Advanced Technology: Digital-first approach for seamless and efficient trading.
- Expanding Client Base: Millions of active investors across India.
- Widespread Reach: Strong presence across the country for easy accessibility.
- Consistent Growth: Strong financial performance and continuous expansion.
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- Dinesh D. Thakka
- Ashok D. Thakkar
- Sunita A. Magnani
Angel Broking Limited
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