The data has been compiled from various sources and might have small difference but overall theme is to subscribe or not — we will focus on that
Angel Broking – the fourth largest broking firm in India as per active client accounts on NSE. The company provides its services through online and digital platforms on the back of a network of more than 11,000 sub-brokers as on June 30, 2020.
Offer purpose — 600cr offer for sale + fresh issue. 40% will be used for working capital requirement by company
Key Service domains – provides broking and advisory services, margin funding , loans against shares and financial products distribution to its clients.
Clients -80% from tier 2 and tier 3 cities
Revenues from Key Services–75% from broking. 10% from Margin funding
The company’s main revenue source is the broking business, and company has not diversified into wealth management kind of services
Intense competition in broking business
Extensive supervision and regulation by various regulatory bodies that may cause fluctuation in earnings e.g. recently SEBI margin trading rule
Flat fee-based model, a developing derivatives market, the use of modern technology, lower penetration of mutual funds and shares and debentures in household savings and customer acquisition through digital medium enable the company to scale up its business easily.
Digital acquisition of customers will save cost
Little on higher side.
Should we apply?
Moderate chances of allotment due to small size.
People can avoid to subscribe
Listing day may see see moderate gains . Recommended to book profits if any on listing day
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