Angel Broking Limited IPO
(i) Angel Broking is one of the largest retail broking houses in India in terms of active clients on NSE as of June 30, 2020.
(ii) They are a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of our Subsidiaries, AFPL), and financial product distribution to the clients under the brand “Angel Broking”.
(iii) Angel broking offers services through (i) Online and digital platforms, and (ii) Network of over 11,000 Authorised Persons (the “Authorised Persons”), as of June 30, 2020.
How does Angel broking make money?
Broking and Advisory- They provide broking services across equity (cash-delivery, intra-day, futures, and options), commodity, and currency segments, along with debt products.
(i) Research Services: As of June 30, 2020, they have a dedicated research team of 54 members who cater to quantitative and qualitative research requirements relating to the stock market such as equity fundamentals, technical, derivatives, commodities currencies, and mutual funds.
(ii) Investment Advisory: We provide investment advisory services to our retail clients with customized investment recommendations aided by our rule-based investment engine “ARQ”.
(iii) Investor Education: The website, www.angelbroking.com, is also a knowledge center that aims to empower investors, including our clients, with an understanding with respect to trading and investment products.
Other Financial Services:
(i) Margin Trading Facility- They provide margin trading facility to its clients for leveraging their eligible collaterals by funding their requirements on the cash delivery segment of equities.
(ii) Distribution: They undertake distribution of third-party financial products such as mutual funds, and health and life insurance products.
(iii) Loans against shares: Through its Subsidiary, AFPL, which is registered as an NBFC, they provide loans against shares to the retail clients.
The broking services contribute around 72% of the total income of Angel broking and rest 28% from other services.
(i) They have more than 4.39 million downloads of the Angel Broking mobile application.
(ii) Nearly 1 million downloads of Angel BEE mobile application as of June 30, 2020, which enable the clients to avail services digitally.
(iii) Digital marketing has enabled the Company to garner 3.98 Crores digital impressions in June 2020 on its various online and digital platforms. The customer outreach spans across approximately 96.87% or 18,649 pin codes in India as of June 30, 2020.
(iv) They manage ₹ 13254 Crores in client assets and over 21 lakhs operational demat accounts as of June 30, 2020.
Objects of the Angel Broking Limited IPO:
Angel Broking Limited IPO Details:
|Open Date:||Sep 22 2020|
|Close Date:||Sep 24 2020|
|Face Value:||₹ 10 Per Equity Share|
|Issue Size:||600 Cr.|
|Lot Size:||49 Shares|
|Issue Price:||₹ 305-306 Per Equity Share|
|Listing Date:||Oct 05 2020|
Promoters And Management:
Financials of Angel Broking Limited IPO:
|Fees and Commission Expense||2,464||2,419||2,304||764|
|Impairment on Financial Instrument||93||151||376||189|
|Profit before tax||1,479||1,191||1,171||511|
|EPS in Rs||12.37||9.41||10.61||4.7|