Angel Broking is looking forward to making its debut on October 5 after its Rs 600-crore initial public offering. It is one of the largest retail broking houses in the nation and it saw the lowest subscription among all the IPOs in 2020.
This IPO comprehended a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore by promoters and investors. The fresh issue proceeds will be used towards working capital requirements and other corporate purposes. The brokerage business accounts for 69.54% of revenue and 30.46% is contributed by lending activities.
Allotment status can be checked by investors on the BSE website and the registrar website by following the steps states below:
To check the Angel Broking allotment status, do the following:
1. Click on the BSE website link
2. Checkbox “Equity”
3. Select your “Issue Name” in the dropdown menu – Angel Broking (Note: Company name will appear only after the allotment process is done)
4. Type your “Application Number” in the box
5. Type your “Permanent Account Number (PAN No.)” in the box
6. Finally, click on the “Search” button.
Another way by which one can check their allotment status is by:
1. Visiting the registrar’s website, Link Intime India, to know the application status:
2. Select “Company Name” in the dropdown menu— Angel Broking (the company name will appear only after the allotment process is done)
3. Checkbox either “Permanent Account Number (PAN)” or “Application Number” or Depository/Client ID
4.Type your “Permanent Account Number (PAN )” or “Application Number” or Depository/Client ID in the box
5. Finally, click on the “Submit” button.
