Angel Broking IPO - Full Analysis
Aaj ka video ek bahut hi unique IPO ke baare me hain. Ye IPO hai desh ke number 1 broker Angel broking ke upar. Is video me hum aapko batayenge full analysis, company financials, is IPO ke pros and cons, and aap kaise is IPO ko subscribe kar sakte hain aur kya kehna hai is IPO ke baare me top securities and investment companies ka.
Company Details
Angel Broking is one of the largest independent full-service retail broking houses in India, in terms of active clients on NSE as of 30 June 2020. 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 Authorised Persons, as of 30 June 2020. The company has more than 4.39 million downloads of its Angel Broking mobile app and nearly 1 million downloads of Angel BEE app as of 30 June 2020. Through digital marketing, the company has been able to cover approximately 96.87% or 18,649 pin codes in India and manages INR132,540 million (INR13,254 crore) in client assets and over 2.15 million operational broking accounts as of 30 June 2020.
Angel Broking 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
Promoters of Angel Broking – Dinesh D Thakkar, Ashok D Thakkar, Sunita A Magnani
Angel Broking IPO details
Subscription Dates
22 – 24 September 2020
Price Band
INR305 – 306 per share
Fresh issue
INR300 crore
Offer For Sale
INR300 crore
Total IPO size
INR600 crore
Minimum bid (lot size)
49 shares
Face Value
INR10 per share
Retail Allocation
35%
Listing On
NSE, BSE
1. Broking and Advisory
2. Margin Trading Facility
3. Investor Education
4. Loans against shares
5. Research Services
Promoters of Angel Broking – Dinesh D Thakkar, Ashok D Thakkar, Sunita A Magnani
Angel Broking IPO details
Subscription Dates
22 – 24 September 2020
Price Band
INR305 – 306 per share
Fresh issue
INR300 crore
Offer For Sale
INR300 crore
Total IPO size
INR600 crore
Minimum bid (lot size)
49 shares
Face Value
INR10 per share
Retail Allocation
35%
Listing On
NSE, BSE
Angel Broking’s financial performance (in INR crore)
FY2018
FY2019
FY2020
Q1 FY2021
Revenue
780.0
784.1
754.7
246.6
Expenses
620.0
655.9
635.9
182.0
Net income
107.3
79.6
81.4
46.9
Net margin (%)
13.8
10.2
10.8
19.0
All Dates
IPO Opening Date: 22 September 2020
IPO Closing Date: 24 September 2020
Finalisation of Basis of Allotment: 29 September 2020
Initiation of refunds: 30 September 2020
Transfer of shares to demat accounts: 1 October 2020
Listing Date: 5 October 2020
Angel Broking IPO Grey Market Premium
The Angel Broking Limited IPO Grey Market Premium price is 100-120, the Kostak rate is 300 and the Subject to Sauda is NA.
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 they are positioned to benefit from the development of the Indian financial market, increased emphasis on digitalisation, and growth in the returns from such financial investments.
Angel Broking has received several awards and accolades for the services and products, including ‘Best performing retail member – Pan India 2016-17’ Award at Market Achievers Awards organised 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 the clients including and in relation to:
Competitive Strengths of Angel Broking Limited:
One of the largest retail broking houses with strong brand equity
Client acquisition through diversified digital platforms
Integrated, end to end, and advanced digital experience ensuring client satisfaction
Diversified product offering across segments at competitive price
Robust business metrics building operating leverage
Experienced management team with proven execution capabilities
Angel Broking Limited IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
One of the largest retail broking houses with strong brand equity
Ensuring client satisfaction through the implementation of advanced technology and digitalisation
Strong client base through their online and digital platform and sub-broker network
Significant market share in the cash and commodity segment
Track record of continuous growth and strong financial performance
Proven and experienced management team and execution strength
The relevant quantitative factors are:
Basic & Diluted EPS
RONW (%)
NAV (Rs.)
31-Mar-18
14.91
22.61
–
Mar-19
11.09
15.02
–
31-Mar-20
11.44
13.92
82.15.
Industry P/E Ratio:
Particulars
P/E ratio
Highest
54.7
Lowest
5.4
Average
24.1
Angel Broking Competitive Peers
Particulars
Face Value (in Rs.)
EPS (In Rs.)
NAV (In Rs.)
P/E Ratio
RONW
Angel Broking
10
11.44
82.15
NA
13.92
PEERS
ICICI Securities
5
16.8
37.5
28.4
44.32
Geojit Financial
1
2.0
23.8
19.4
8.91
IIFL Holdings
2
7.3
27.5
5.7
26.39
Motilal Financial
1
12.2
210.9
56.0
4.15
JM Financial
1
6.5
96.7
12.6
9.69
Angel Broking Limited IPO Lead Managers
BOOK RUNNING 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 Maarg
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 Review by Top 10 Stock Brokers
Top Stock Brokers Review
Company Reputation
Competitive Edge
Financial Statement
Popularity Index
Promoters Reputation
Angel Broking
7.5/10
7.4/10
8.5/10
8.1/10
7.1/10
Sharekhan
7.2/10
7.1/10
8.6/10
8.1/10
7.2/10
Kotak Securities
7.3/10
7.5/10
8.4/10
8.1/10
7.3/10
ICICI Direct
7.3/10
7.3/10
8.7/10
8.1/10
7.1/10
IIFL
7.5/10
7.2/10
8.8/10
8.0/10
7.1/10
Edelweiss
7.5/10
7.4/10
8.4/10
8.3/10
7.2/10
Zerodha
7.4/10
7.1/10
8.5/10
8.1/10
7.0/10
5Paisa
7.1/10
7.1/10
8.4/10
8.1/10
7.1/10
Karvy
7.4/10
7.3/10
8.2/10
8.1/10
7.1/10
Motilal Oswal
7.1/10
7.1/10
8.6/10
8.3/10
7.2/10Angel Broking’s financial performance (in INR crore)
FY2018
FY2019
FY2020
Q1 FY2021
Revenue
780.0
784.1
754.7
246.6
Expenses
620.0
655.9
635.9
182.0
Net income
107.3
79.6
81.4
46.9
Net margin (%)
13.8
10.2
10.8
19.0
So u subscribe or not pls comments
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