Angel Broking LTD was established in 1996 . Currently, it is having head office in Maharastra. Angel Broking works in the sector of Angel Broking a strong management team with experience in the Indian financial services and broking sectors. Angel group is in broking business from almost 27 years. . Angel Broking has experience of 22 .
In trading of stock market and MCX, this company did revolutionary digitalization in the beginning. Company has retailer broking office at varous cities in India. Due to strong brand name, existing large customer base and pan India presence this company has strong possibilities to stand in the market.
Revenue of this company in this first quarter of FY 2020-21 is 381 CR. Company has booked profit of 866 CR in financial year 2019-20, and 766 CR in financial year 2018-19. Dinesh Thakkar, Ashok Thakkar and Sunita Magnani are the promoters of the company Angel Broking LTD.
Angel Broking IPO issue open date is 22nd September 2020 and close date is 24th September 2020 . The face value for Angel Broking LTD IPO is Rs 10 per equity share. The total IPO size is approx Rs 600 crore.
The price band for Angel Broking is Rs 305 to Rs 306. The lot size for Angel Broking IPO is a minimum of 49 shares to maximum 637 shares. This IPO will be listed on BSE and NSE. Angel Broking IPO total equity is 20000000 shares.
Angel Broking IPO Market Lot and Investment Amount permalink
To invest in Angel Broking LTD's initial public offering starting from 22nd September 2020 you need to invest minimum Rs 14945, however you can also invest up to Rs 194922, considering the upper price of IPO Rs 306 and maximum allottable shares (637 shares). To apply for the maximum number of share you need to bid for 13 lots, one lot is having 49 shares.
Angel Broking IPO Market Lot and Investment Amount
Angel Broking IPO was oversubscribed 3.9407 times. Qualified Institutional Buyers (QIBs) like banks, mutual funds and other registered financial institutes were reserved for 3934425 shares and received bids for 22583599 shares which is 5.74 times of total meant for QIB category.
Angel Broking LTD's IPO was subscribed 76% on the first day.
Non Institutional Investors (NII) includes individuals , companies trusts who bid for more than 2 lakhs. The total number of shares reserved for NII investors were 2950820 and bid for 2036065 shares received . Bid from NII for Angel Broking LTD's IPO is 0.69 times of total meant for NII category.
Retail Individual Investors (RIIs) includes individuals investors who can apply up to Rs 2,00,000 in IPO . The total number of shares reserved for RII investors were 6885246 and bid for 29675410 shares received . Bid from RII for Angel Broking's IPO is 4.31 times of total meant for RII category.
The total number of shares offered were 13770491 and bid for 54255734 shares received .
Angel Broking initial public offering of 20000000 equity shares of the face value of Rs 10 aggregating up to ₹ 600 Crores. Angel Broking IPO issue open date is 22nd September 2020 and close date is 24th September 2020 .
When Angel Broking IPO will open and close? permalink
Angel Broking IPO issue open date is 22nd September 2020 and close date is 24th September 2020 .
What is the lot size of Angel Broking IPO? permalink
The lot size for Angel Broking IPO is 49 shares.
What is the price band of Angel Broking IPO? permalink
The price band for Angel Broking is Rs 305 to Rs 306.
What is the minimum investment amount for Angel Broking IPO? permalink
The minimum investment amount for Angel Broking IPO is Rs 14945.
What is the Angel Broking IPO investors portion? permalink
For retail investors (RII) 50% is allotted for investment. For NII 21.43% and QIB 28.57% is allotted.
What is the Angel Broking IPO listing date? permalink
Angel Broking IPO listing date is 20th September 2020.
What is Angel Broking IPO subscription on the first day? permalink
Angel Broking IPO subscribed 76 % on the first day.