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Podcast | Angel Broking IPO: Here's all you need to know

Akhil Nallamuthu | Updated on September 23, 2020 Published on September 23, 2020

A drop in trading volume can have significant impact

The IPO of Angel Broking is open for subscription from September 22- 24. At the price band of ₹305-₹306, Angel Broking discounts its FY20 pre-issue earnings by about 26 times (30 times post-issue). The company is valued at nearly ₹2,500 crore at this price.

Angel Broking, which was a traditional full-service broking house has moved towards online-based broking by introducing zero brokerage in equity delivery and low flat charges in derivatives segment.

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Published on September 23, 2020