NEW DELHI: The market is abuzz with IPO offerings this week. After the Chemcon IPO that got fully subscribed within two hours on Monday, brokerage firm Angel Broking is all set to hit Dalal Street on Tuesday, 22 September.

The company will be selling 1,96,72,130 shares through the issue in order to raise Rs 601.96 crore from the primary market.

At the upper end of the price band of Rs 305-Rs 306, the issue is asking for a valuation of 26.84 times FY20 earnings.

Here’s all you need to know about the issue:

  1. When will Angel Broking IPO open?
    Angel Broking IPO will open for subscription on Tuesday, September 22 and will close on Thursday, September 24.
  2. What is the price band for the IPO?
    The price band for Angel Broking IPO has been fixed at Rs 305-Rs 306.
  3. What is the lot size?
    Investors can subscribe to the IPO by betting for a lot of 49 shares or in multiples thereof. One will have to shell out at least Rs 14,945 to bid for the issue. Retail investors can bid for a maximum of 13 lots.
  4. What is the quota reserved for retail investors?
    The quota for retail investors in Angel Broking IPO is fixed at 35 per cent of the net offer. QIB quota is fixed at 50 per cent while the NII at 15 per cent. Company may allocate up to 60% shares of the QIB Portion to Anchor Investors.
  5. Is there any employee quota?
    No. There is no reservation for employees.
  6. When will the basis of allotment be out?
    The finalisation of the basis of allotment will likely be by September 29 and the initialisation of refunds will likely be by September 30. Meanwhile, credit of shares in the demat account is likely to happen by October 1.
  7. When will Angel Broking IPO list?
    Angel Broking is likely to get listed on October 5.
  8. Where could we check Angel Broking IPO’s allotment?
    Those who would bid for the issue can check the subscription status on www.linkintime.co.in, the online portal of Link Intime India Private Limited, the registrar to the IPO. The registrar to an issue is a Sebi-registered entity, qualified to act as such, and which electronically processes all applications and carries out the allotment process as per the prospectus.
  9. Who are the leading book managers to the issue?
    ICICI Securities Ltd, Edelweiss Financial Services Ltd and SBI Capital Markets Ltd are the leading book managers.
  10. What does Angel Broking do?
    Incorporated on August 8, 1996, Angel Broking is the fourth largest broking firm in the country. It is a technology-led financial services company that provides broking and advisory services, margin funding, loans against shares and financial products distribution to its clients under the brand “Angel Broking”.
  11. Who are its listed peers?
    Angel Broking has five listed peers on BSE and NSE. They are ICICI Securities, Geojit Financial Services, IIFL Securities, Motilal Oswal Financial Services and JM Financial.
  12. What is the revenue breakup?
    The company is mainly in the broking business. Besides, it has mutual fund and insurance distribution and loan against shares businesses. The consolidated total revenue from operations was Rs 238.42 crore and Rs 724.62 crore, for the period ended June 30, 2020 and in FY20 respectively. In the June quarter of FY21, it earned 14.65 per cent of the income from interests and 85.21 per cent from fees and commissions, said Axis Capital.

customDimension.dimension1 = "ET Free"; customDimension.dimension4 = "ETMarkets.com"; customDimension.dimension5 = "Shubham Raj"; customDimension.dimension6 = "Native - 78231989"; customDimension.dimension8 = "Sep 21, 2020"; customDimension.dimension9 = "IPOs/FPOs";

customDimension.dimension12 = "angel broking ipo price,largest broking firm,icici securities, geojit financial services,ICICI Securities Ltd,angel broking ipo,dalal street,Post-market,SBI Capital Markets Ltd"; customDimension.dimension13 = "02:32 PM IST";

customDimension.dimension15 = "No"; customDimension.dimension16 = "No"; customDimension.dimension23 = "479253094"; (function () { var a = window.localStorage && localStorage.getItem('et_syftCounter') || ''; a = a && JSON.parse(a) || {}; if(a.beforeSyft) { customDimension.dimension32 = a.beforeSyft; } if(a.afterSyft) { customDimension.dimension33 = a.afterSyft; } })()

var contentAge="0.05748842592592593"; if(contentAge) { customDimension.dimension34 = contentAge > 2 ? '>48hs':'<48hrs'; } customDimension.dimension25 = "articleshow_main"; customDimension.dimension26 = "Markets"; customDimension.dimension27 = "Markets/IPOs/FPOs/"; customDimension.dimension29 = "1977021501"; customDimension.dimension48 = "78231989"; customDimension.dimension57 = _tiluuid; ga('send', 'pageview', customDimension); ga('create', 'UA-5594188-55', 'auto','ETPTracker'); //ETPrime GA var newHookId ='1977021501'; var newHookId2 = '14655708'; if(newHookId == '1715249553' && newHookId2 == '1052732854'){ newHookId = '1052732854'; // politicsnation }else if(newHookId == '1715249553' && newHookId2 == '1373380680'){ newHookId = '1373380680'; // Economy } var subsec1_value="1977021501"; var subsec1_2value="14655708"; if(subsec1_value == '1715249553' && subsec1_2value == '1052732854'){ subsec1_value="1052732854"; // politicsnation }else if(subsec1_value == '1715249553' && subsec1_2value == '1373380680'){ subsec1_value="1373380680"; // Economy } (function (g, r, o, w, t, h, rx) { g[t] = g[t] || function () {(g[t].q = g[t].q || []).push(arguments) }, g[t].l = 1 * new Date(); g[t] = g[t] || {}, h = r.createElement(o), rx = r.getElementsByTagName(o)[0]; h.async = 1;h.src = w;rx.parentNode.insertBefore(h, rx) })(window, document, 'script', 'https://static.growthrx.in/js/v2/web-sdk.js', 'grx'); grx('init', 'gf999c70d'); var grxDimension = {url: window.location.href, title : document.title, referral_url : document.referrer}; if(window.customDimension && window.objDim) { for(key in customDimension) { var dimId = 'd' + key.substr(9, key.length); if(objDim[dimId] && customDimension[key]) { grxDimension[objDim[dimId]] = customDimension[key]; } } } var subsStatus="Free User"; var jData = JSON.parse(localStorage.getItem('jStorage')); function getCookie(n) {var ne = n + "=", ca = document.cookie.split(';');for (var i=0;i< ca.length;i++){ var c = ca[i]; while (c.charAt(0) == ' ') c = c.substring(1, c.length); if (c.indexOf(ne) == 0) return c.substring(ne.length, c.length); } return null; } (function () { if(ssoid = getCookie('ssoid')) { try { grx('userId', ssoid); var pfuuid = getCookie('pfuuid'); if(pfuuid) { grxDimension['et_uuid'] = pfuuid} grxDimension['user_login_status'] = 'LOGGEDIN'; var grx_userData = jData['prime_'+getCookie('TicketId')]; grx_userData = grx_userData || {}; var grx_userPermission = grx_userData.permissions; if(grx_userPermission.indexOf("expired_subscription") > -1) { subsStatus="Expired User"; } else if (grx_userPermission.indexOf("subscribed") > -1 && grx_userPermission.indexOf("cancelled_subscription") > -1 && grx_userPermission.indexOf("can_buy_subscription") > -1) { subsStatus="Paid User - In Trial"; } else if(grx_userPermission.indexOf("subscribed") > -1) { subsStatus="Paid User"; } else if(grx_userPermission.indexOf("etadfree_subscribed") > -1) { subsStatus="Ad Free User"; } } catch (e) {} } else { grxDimension['user_login_status'] = 'NONLOGGEDIN'; } grxDimension['user_subscription_status'] = subsStatus; })()

grx('track', 'page_view', grxDimension);

if(geolocation && geolocation != 5 && (typeof skip == 'undefined' || typeof skip.fbevents == 'undefined')) { !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '338698809636220'); fbq('track', 'PageView'); }

var _comscore = _comscore || []; _comscore.push({ c1: "2", c2: "6036484"});

if(geolocation && geolocation != 5) { (function() { var s = document.createElement('script'), el = document.getElementsByTagName("script")[0]; s.async = true; s.src = (document.location.protocol == "https:" ? "https://sb" : "http://b") + ".scorecardresearch.com/beacon.js"; el.parentNode.insertBefore(s, el); })(); }

if(geolocation && geolocation != 5) {

(function(){ function pingIbeat() { window._pg_endpt=(new Date()).getTime(); var e = document.createElement('script'); e.setAttribute('language', 'javascript'); e.setAttribute('type', 'text/javascript'); e.setAttribute('src', "https://agi-static.indiatimes.com/cms-common/ibeat.min.js"); document.head.appendChild(e); } if(typeof window.addEventListener == 'function') { window.addEventListener("load", pingIbeat, false); } else { var oldonload = window.onload; window.onload = (typeof window.onload != 'function') ? pingIbeat : function() { oldonload(); pingIbeat(); }; }

})(); }





Source link

Posts You May Love to Read !!

0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *