Angel Broking Limited

Angel Broking is a technology-led financial services company that provides broking and advisory services, margin funding, loans against shares and financial products distribution to clients. The company has seen consistent growth over the years. It has added over 10 lakh clients from FY18 to FY20 and 3.5 lakh clients in Q1 FY21 alone. Angel Broking is the fourth largest broker in terms of active clients on NSE with a market share of 6.3 percent as of June 2020. In Q1 FY21, over 85% of its clients had been acquired digitally and the remaining through a network of over 11,000 authorised persons. The company is issuing an IPO at the price band at ₹305–306 per share. Bids can be made for a minimum of 49 equity shares and in multiples of 49 shares thereafter.