Angel Broking IPO - Grey Market, GMP & Reviews

IPO Details

About Angel Broking Ltd

Angel Broking is one of the well known independent full-service retail broking house in India in terms of active clients on NSE as of 2018-19. They are a technology-led financial services company, that provides broking and advisory services, margin funding, loans against shares (through one of their Subsidiary, Angel Fincap Private Limited), and financial products distribution to their clients under the brand "Angel Broking". Their broking services are offered through (i) their online and digital platforms and (ii) their network of more than 11,000 sub-brokers, as of June 30, 2018. They have more than 850,000 downloads of their Angel Broking mobile app and more than 450,000 downloads of Angel BEE app, which enables their clients to avail their services digitally. Through their network of sub-brokers and over 110 branches, they have a pan-India presence in over 1,800 cities and towns as of June 30, 2018. As of June 30, 2018, their Company managed Rs. 113.02 billion in client assets and over 1.11 million active broking accounts.

Angel Broking Limited (formerly known as Angel Broking Private Limited) is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Metropolitan Stock Exchange of India (MSEI), NCDEX & MCX. Angel Broking Limited (formerly known as Angel Broking Private Limited) is also registered as a Depository Participant with CDSL

They believe that their experience of over two decades has helped them to integrate their knowledge and expertise in the broking industry with the technology they provide to their retail clients through various platforms. They have enhanced client engagement and experience through application of technology to all their services, including the launch of their mobile application for broking services in the year 2011, KYC authentication and complete client on-boarding through the electronic and digital medium in the year 2015 and 2016, respectively.

Any potential investor should note that investment in Equity Shares involves a high degree of risk. For details, potential investors should refer to the DRHP, including the section titled “Risk Factors”. Any decision to invest in the Equity Shares described in the DRHP may only be taken after a Red Herring Prospectus for the same has been filed with the Registrar of Companies, Karnataka at Bangalore and must be made solely on the basis of such Red Herring Prospectus. Potential investors should not rely on the DRHP for making any investment decision

Company Promoters

Dinesh D. Thakkar, Ashok D. Thakkar and Sunita A. Magnani are the promoters of the company.

Objects of the Issue:

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

Company Financials

Subscription Details

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status