Angel Broking IPO
Angel Broking Limited (ANGELBRKG) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 05 October 2020.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +1.0% (likely range -11% to +14%), day's high +6.8%, chance of a gain 51%. Actual: -10.1% at the open, -3.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 39,34,425 | 2,25,78,514 | 5.74x | |
| NII (HNI) total | 29,50,820 | 20,39,772 | 0.69x | |
| Retail | 68,85,246 | 2,96,46,568 | 4.31x | |
| Total | 1,37,70,491 | 5,42,64,854 | 3.94x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 42% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Angel Broking's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| ShalbyDec 2017 | 4.34x | 0.42x | 2.98x | 2.82x | ₹515 Cr | -3.4% | +2.7% |
| Eris LifesciencesJun 2017 | 4.68x | 0.45x | 3.51x | 3.29x | ₹1,741 Cr | +1.3% | +4.2% |
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| Prince Pipes and FittingsDec 2019 | 3.54x | 1.21x | 1.89x | 2.21x | ₹503 Cr | -10.1% | -0.1% |
| Indian Energy ExchangeOct 2017 | 2.56x | 0.85x | 2.61x | 2.28x | ₹1,426 Cr | -9.1% | +0.6% |
| Tejas NetworksJun 2017 | 2.16x | 0.48x | 3.10x | 1.88x | ₹803 Cr | 0.0% | +5.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Edelweiss Capital | — | — | — |
| ICICI Securities | 109 | +21.3% | 69% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the Angel Broking IPO price band and lot size? ₹305–306 per share, with a lot of 49 shares, so the smallest retail bid is ₹14,994.
How many times has it been subscribed? 3.94x overall: QIB 5.74x, NII 0.69x, retail 4.31x.
How did it list? It opened at ₹275, -10.1% against the issue price of ₹306, and closed its first day -9.9%.
