Angel Broking – Company Info
Angel Broking Limited is an Indian stockbroker firm established in 1987. The company is a member of the Bombay Stock Exchange, National Stock Exchange of India, National Commodity & Derivatives Exchange Limited and Multi Commodity Exchange of India Limited. It is a depository participant with Central Depository Services Limited (CDSL). The company has more than 8500 sub-brokers and franchisee outlets in more than 900 cities across India.
Angel Broking’s services include online stock broking, depository services commodity trading and investment advisory services. Wealth management solutions such as personal loans and insurance are also delivered by this company. In 2006, Angel Broking also started its portfolio management services, IPOs business and mutual funds distribution arm
Proceeds from the IPO will be used:
- To meet business working capital requirements
- To meet general corporate purpose.
- To meet IPO issue expenditures.
IPO Dashboard
Issue Details
| Item | Value |
|---|---|
| Issue Size | 61.2 Cr |
| Face Value | 10/- per Equity Share |
| IPO Price | 117 – 120 |
| Lot Size | 125 |
| Minimum Lots | 1 |
| Maximum Lots | 13 |
Lot Size and Price
| Lots | Shares | Amount |
|---|---|---|
| 1 | 125 | 15,000 |
| 13 | 1625 | 1,95,000 |
Key Dates
| Date Type | Date |
|---|---|
| Bid Open | 29/09/2020 |
| Bid Close | 07/10/2020 |
| Allotment Finalization | 12/10/2020 |
| Initiation of Refunds | 13/10/2020 |
| Credit of Shares | 14/10/2020 |
| Listing Date | 15/10/2020 |
Promoter Holding
| Holding | Percentage |
|---|---|
| Pre-Issue | 99.96% |
| Post-Issue | 74.11% |
Investor Quota and Shares Offered
| Investor Type | Quota | Shares on Offer | Subscription Status |
|---|---|---|---|
| QIBs | 1% | 51,000 | 21.99x |
| Non-Institutional (NII) | 64% | 32,64,000 | 1.54x |
| Retail (RII) | 35% | 17,85,000 | 23.71x |
| Total | 100% | 51,00,000 | 9.51x |
Burger King IPO: Day-Wise Subscription Status
| Day | QIB | NII | RII | Total Subscription |
|---|---|---|---|---|
| Day 1 | – | – | – | – |
| Day 2 | – | – | – | – |
| Day 3 | 21.99x | 1.54x | 23.71x | 9.51x |
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