Angel Broking IPO: Should you subscribe?

Dates, Price band, Lot size, Risks, Review and broker recommendations etc.

Angel Broking – Company Info

Angel Broking

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

Issue Size61.2 Cr
Face Value10/- per Equity Share
IPO Price117 – 120
Lot Size125
Minimum Lots1
Maximum Lots13

Lot Size and Price


Key Dates

Date TypeDate
Bid Open29/09/2020
Bid Close07/10/2020
Allotment Finalization12/10/2020
Initiation of Refunds13/10/2020
Credit of Shares14/10/2020
Listing Date15/10/2020

Promoter Holding

Investor Quota and Shares Offered
Investor TypeQuotaShares on OfferSubscription Status
Non-Institutional (NII)64%32,64,0001.54x
Retail (RII)35%17,85,00023.71x
Burger King IPO: Day-Wise Subscription Status
DayQIBNIIRIITotal Subscription
Day 1
Day 2
Day 321.99x1.54x23.71x9.51x

Additional Topics:

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