ANGEL ONE IPO is one of India’s oldest stockbroking houses providing broking and is all set to make a debut in the stock market with an issue size of 600 Cr.
Angel One IPO– Overview
| Angel One IPO Issue Date | 22nd Sept- 24th Sept 2020 |
| Angel One IPO Opening Date | 22 Sept 2020 |
| Angel One IPO Face Value | INR 10 per share |
| Angel One IPO Price | INR 306 per share |
| Angel One IPO Lot Size | 49 Shares |
| Issue Size | 600 Cr |
| Offer for sale | 300 Cr |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 5.74 times |
| NII (HNI) Shares | 0.69 times |
| Company Promoters | Dinesh D. Thakkar, Ashok D. Thakkar and Sunita A. Magnani are the promoters of the company. |
Tentative Dates
| ANGEL ONE IPO opening date | 22 Sept 2020 |
| ANGEL ONE IPO closing date | 24 Sept 2020 |
| Basis of Allotment | 29 Sept 2020 |
| Initiation of Refunds | 30 Sept 2020 |
| The credit of Shares to Demat | 1 Oct 2020 |
| ANGEL ONE IPO Listing Date | 5 Oct 2020 |
Industry Overview.
The industry is expected to see strong growth going ahead, after facing difficulties on account of pressure on yields and the changing regulatory landscape. The growth will mostly be due to increased scalability and reach of players to untapped markets, especially lower-tiered cities, leveraging their highly agile digital models. This will be adequately supported by the growing turnover levels across the equity derivatives and cash segments. These segments are expected to cumulatively grow at a 23-25% CAGR up to fiscal 2025. This growth will be driven mainly by higher investor awareness, increased retail interest across market segments, easier and faster means to access the markets, and continuing FII inflows.
Company Overview
Angel One Ltd is one of India’s oldest stockbroking houses providing broking, marging funding, advisory,and financial services through brands “Angel One” and “Angel Bee” powered by “ARQ”. They have a strong market presence with active clientele on the National Stock Exchange (NSE) with a market share of around 6.3% and 2.15 million operational broking accounts as of June 2020.
Its digital transformation helped it being the 4th Largest comapany in terms of active NSE clients and 2nd largest in terms of incremental NSE clients in Q1 – FY21. Angel One, being a pioneer in new client activation, has access to approximately 79.55 miliion persons as of June 30, 2020. From Q1 FY20 to Q1 FY21, its average daily turnover has increased from Rs. 253,176 million to Rs. 618,945 million.
Objectives Of The Issue
- To meet working capital requirements.
- General corporate purposes
ANGEL ONE IPO- Financial Statements
| Particulars | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets | 21,592.05 | 21,690.56 | 22,828.67 |
| Total Revenue | 7,427.79 | 7,626.47 | 7,536.55 |
| Profit After Tax | 866.24 | 766.94 | 1,010.52 |
Strengths
- One of the fastest-growing retail broking houses in India. The number of operational accounts increased from 1.06 million in March 2018 to 2.15 million in June 2020 – a CAGR of 151.91%
- Client acquisition through diversified digital platforms like performance marketing, referrals digital influencers, and authorized person network.
- Integrated, end to end, and advanced digital experience ensuring client satisfaction
- Diversified product offering across segments at competitive price
- Robust business metrics building operating leverage
- Experienced management team with proven execution capabilities
AWeakness
- The outbreak of COVID-19 or outbreak of any other severe communicable disease could have a potential impact on the company’s business, financial condition, and results of operations.
- General economic and market conditions in India and globally could have a material adverse effect on its business, financial condition, cash flows, results of operations, and prospects.
- Being a broking house, Angel Broking is subject to extensive statutory and regulatory requirements and supervision, which have a material influence on, and consequences for, its business operations.
Company Contact Information
Angel One Ltd
G-1, Ground Floor, Akruti Trade Centre,
Road No. 7, MIDC,
Andheri (East), Mumbai 400 093
Phone: +91 22 4000 3600
Email: investors@angelbroking.com
Website: https://www.angelbroking.com/
Angel One IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: angel.ipo@linkintime.co.in
Website: https://linkintime.co.in/
