Angel One was incorporated on August 8, 1996, as M. BNL. Securities Private Limited. It is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares, and financial products distribution to our clients under the brand “Angel Broking”.one of the largest retail broking houses in India in terms of active clients on NSE as of June 30, 2020
| Bidding Dates |
|---|
| 22 Sep 2020 - 24 Sep 2020 |
| Subscription |
|---|
| 3.94x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,994 | 1 | 13 | 49 | 19.6 M | ₹305 - ₹306 | 88.01 % | ₹5980.4 M - ₹6000.0 M | RHP DOC |
Angel One IPO SUBSCRIPTION STATUS
24 Sep '20Angel One IPO overall subscription rate was 3.94 times the total available shares
Angel One IPO retail subscription rate was 4.31 times in the retail segment
Angel One IPO non-institutional investor subscription rate was 0.69 times in the non-institutional investor category
Angel One IPO Qualified Institutional Bidder subscription rate was 5.74 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
23 Sep 2020 (Day 2) | 2.79x | 0.31x | 0x |
24 Sep 2020 (Day 3) | 4.31x | 0.69x | 5.74x |
22 Sep 2020 (Day 1) | 1.46x | 0.16x | 0x |
Angel One FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 3MFY21 | 473.0 | 2,384.2 | -2,900.2 | -2,956.0 |
| FY20 | 823.5 | 7,246.2 | 6,433.0 | 6,308.0 |
| FY19 | 798.4 | 7,579.8 | 7,087.6 | 6,972.6 |
| FY18 | 1,070.8 | 7,642.8 | -2,970.0 | -3,035.0 |
Angel One IPO SUBSCRIPTION STATUS DETAILS
Angel One had 19.6 M shares on offer
Angel One IPO offer price was in the range ₹305 - ₹306
Angel One IPO minimum Investment was ₹14994
Angel One IPO issue size was ₹ 5980.4 M - ₹ 6000.0 M
Angel One had a minimum lot size of 49 Shares per application
Angel One NUMBER OF SHARES ON OFFER
Angel One IPO IMPORTANT DATES
| Issue Open Date | 22 Sep 2020 |
| Issue close Date | 24 Sep 2020 |
| Allotment Date | 29 Sep 2020 |
| Refund Date | 30 Sep 2020 |
| Demat Account Credit Date | 01 Oct 2020 |
| Listing Date | 05 Oct 2020 |
| Listing on Exchange(s) | NSE and BSE |
| Angel One Allotment Status | Exchange |
Angel One IPO subscription opened on 22 Sep 2020, and closed on 24 Sep 2020
IPO allotment for Angel One was finalized on Tuesday, 29 Sep 2020
IPO listing for Angel One was on NSE and BSE on Monday, 05 Oct 2020
Angel One IPO LISTING GAINS
| Issue Price (adjusted) | 30.6 |
| Listing Open Price | 275.0 |
| Listing Close Price | 275.9 |
| Listing Gain% | -10.1% |
| Current Gain% | 852.3% |
Angel One Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Angel One Ltd. | 291.4 | 2383.6 | 25.8 | 6.7 | 4.9 | 15 | 3.8 | 5152.2 | -1.8 | 915.1 | -21.9 | 11.3 | 3.8 |
| BSE Ltd. | 3605 | 146409.5 | 51.7 | 0.7 | 25.3 | 37.4 | 18.6 | 5148.1 | 59.1 | 2497 | 88.3 | 69.7 | 76.9 |
| Billionbrains Garage Ventures Ltd. | 193.5 | 121413 | 49.8 | 1.6 | 23.2 | 21.6 | 11.2 | 4815.9 | 18.6 | 2083 | 14.2 | 3.9 | 30.8 |
| Multi Commodity Exchange of India Ltd. | 2895 | 73820.1 | 47.9 | 0.4 | 28.1 | 46.8 | 17.8 | 2429 | 100.9 | 1331.6 | 137.8 | 60.5 | 136.4 |
| Motilal Oswal Financial Services Ltd. | 888 | 53470.6 | 27 | -0.9 | 5.3 | 14.5 | 4.3 | 9416.4 | 11.9 | 1869.3 | -25.3 | 32.9 | -28.8 |
| 360 One Wam Ltd. | 1168 | 47524.7 | 37.7 | 1.9 | 10.2 | 12.4 | 4.5 | 4477.3 | 21.5 | 1216.2 | 19.8 | 31 | 19.5 |
Angel One INFORMATION ON IPO ISSUE
About Angel One
Angel One was incorporated on August 8, 1996, as M. BNL. Securities Private Limited. It is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares, and financial products distribution to our clients under the brand “Angel Broking”.one of the largest retail broking houses in India in terms of active clients on NSE as of June 30, 2020
Object of the Issue
- To meet working capital requirements
- General corporate purposes
Angel One - PROMOTERS
| Name |
|---|
| Dinesh D. Thakkar |
| Sunita A. Magnani |
| Ashok D. Thakkar |
Angel One Book Running Lead Manager
ICICI Securities Limited
angel.ipo@icicisecurities.com
Edelweiss Financial Services Limited
angelbroking.ipo@edelweissfin.com
SBI Capital Markets Limited
angelbroking.ipo@sbicaps.com
Angel One Registrar to the Offer
Link Intime India Private Limited
angel.ipo@linkintime.co.in
Angel One Strengths
One of the largest retail broker
The company is one of the largest retail broking houses in India, in terms of active clients on NSE as of June 30, 2020
Client acquisition
The company has strong capabilities to acquire customers through various diversified digital platforms
Digital experience
Integrated, end-to-end, and advanced digital experience ensuring client satisfaction
Diversified product offering
Online platforms, “Angel Broking”, “trade.angelbroking.com”, “Angel SpeedPro” and “Angel BEE”, powered by ARQ, allows the company to provide clients with an ability to manage their wealth and investments in an efficient and organized manner
Angel One Risks
Dependent on global economy
General economic and market conditions in India and globally could have a material adverse effect on business, financial condition, cash flows, results of operations and prospect
Promoter debarred from capital market
Lalit T. Thakkar, one of the members of the promoter group and one of the selling shareholders, has in the past been debarred from accessing capital markets
Subject to statutory and regulatory requirements
Subject to extensive statutory and regulatory requirements and supervision, which have a material influence on, and consequences for, business operations
IPO FAQs
Angel One Ltd. IPO listing opened at Rs 275.00 while the issue price was Rs 306.00 giving -10.13% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 30.60 giving 852.29% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 300.0 crore, of 9,803,922 shares. It also consists of a fresh issue of Rs 300.0 crore.
The promoters of the company are Dinesh D. Thakkar, Sunita A. Magnani and Ashok D. Thakkar.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 305.0 - 306.0.
The IPO application opens on Sep 22, 2020 and closes on Sep 24, 2020.
The minimum lot size for the IPO is 49. The maximum lot size for the IPO is 637.
For all category investors, the minimum application amount for this IPO is Rs. 14,994.0, the maximum value for this IPO is Rs 194,922.0.
This IPO will be allotted on Sep 29, 2020.
The refund will be credited to your account on Sep 30, 2020.
The allotted shares will be credited to your demat on Oct 01, 2020.
Angel One Ltd.’s shares listed on the stock exchanges on Oct 05, 2020.