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Angel Broking Limited

Angel Broking Limited

upcoming
₹14,945Min. investment

Angel Broking Limited IPO Details

Price range₹305 – ₹306
IPO type
Regular
Lot size49 shares
Issue size₹600Cr

Angel Broking Limited Timeline

  1. Pre-apply
    To be announced
  2. Bid start
    To be announced
  3. Bid end
    To be announced
  4. Allotment
    To be announced
  5. Release of funds
    To be announced
  6. Demat transfer
    To be announced
  7. Listing
    To be announced
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.

Checklist

Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
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Angel Broking Limited Contact Details

Company NameAngel Broking Limited

How to apply for Angel Broking Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

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