ICICI Direct: Angel Broking IPO - One Of Largest Retail Broking Houses With Strong Brand Equity

ICICI Direct: Angel Broking IPO Review - One Of Largest Retail Broking Houses With Strong Brand Equity

Traders at a brokerage firm in Mumbai, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Incorporated on August 08, 1996, Angel Broking is now a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of its Subsidiaries, Angel Fincap Pvt. Ltd.) and distribution of financial products to its clients.

It is one of the largest retail broking houses in India in terms of active clients on National Stock Exchange as of June 30, 2020.

Angel provides broking services through various web, digital and .exe platforms, which are integrated with each other enabling its clients to have a seamless trading and investment experience, increased emphasis on digitisation, and growth in returns from such financial investments.

As of June 30, 2020, Angel ranks as No. 1 stock broking house in terms of authorised persons registered with NSE.

The company managed Rs 13254 crore in client assets and approximately 21.5 lakh operational broking accounts with a workforce strength of 2500 employees.

Click on the attachment to read the full report:

ICICI Direct Angel Broking IPO Review.pdf
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DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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