IPO Details
Angel Broking Ltd.
6th Floor, Ackruti Star, Central Road, MIDC, Andheri (East),Mumbai, Maharashtra - 400093
Phone: 40003600 Fax: 39357699

Public Issue of 19607842 Equity Shares of Rs. 10.00 each for Cash at a Premium of Rs. 296.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
22/09/202024/09/2020306.00 -
Lead Managers Registrar Listed at
EDELWEISS FINANCIAL SERVICES LTD.
ICICI SECURITIES LTD
SBI CAPITAL MARKETS LIMITED
Link Intime India Private Limited
C-101, 247 Park,
L.B.S. Marg, Vikhroli (West), ,
Mumbai, Maharashtra - 400083
Phone: 49186200 Fax: 49186195
BSE
NSE
Object of the issue

The Offer comprises a Fresh Issue and an Offer for Sale by the Selling Shareholders.

The Offer for Sale

The Company will not receive any proceeds from the Offer for Sale. The Selling Shareholders shall reimburse the Company for the Offer expenses incurred by the Company on behalf of the Selling Shareholders, upon the successful completion of the Offer. Other than the listing fee and the expenses in relation to all corporate advertisements (other than Offer related advertisements, which shall be borne exclusively by the Company), all other expenses in relation to the Offer shall be shared amongst the Company and the Selling Shareholders, in proportion to the proceeds received for the Fresh Issue and the respective Equity Shares being offered by them in the Offer. All expenses incurred in relation to the Offer (other than the listing fees and the expenses in relation to all corporate advertisements) shall be shared pro rata by the Selling Shareholders in proportion to the Equity Shares offered by them in the Offer. All such expenses shall be directly deducted from the Public Offer Account, and to the extent the expenses are attributable to the Selling Shareholders and have been paid by the Company, such expenses will be reimbursed to the Company by the Selling Shareholders, directly from the Public Offer Account. Provided, if the Offer is withdrawn by the Company, or is not completed for any reason, all Offer related costs and expenses will be exclusively borne by the Company and the Selling Shareholders will not reimburse any such amounts paid.

The Fresh Issue

The Net Proceeds from the Fresh Issue will be utilised towards the following objects:

1. To meet working capital requirements,
2. General corporate purposes.

Promoted by

The Promoters of the Companye are :

1. Mr. Dinesh D. Thakkar
2. Mr. Ashok D. Thakkar
3. Mrs. Sunita A. Magnani

1. Mr. Dinesh D. Thakkar : Dinesh D. Thakkar is the Chairman and Managing Director of the Company. He has cleared the Higher Secondary Certificate Examination from the Maharashtra State Board of Secondary and Higher Secondary Education. He has over 25 years of experience in the broking industry. He is also one of the Promoters of the Company. He has been a Director on the Board since October 23, 2007

Driving Licence Number : MH02 20100156545

2. Mr. Ashok D. Thakkar : Ashok D. Thakkar, aged 51 years, is the Promoter of the Company. He resides at 1704, Tower 5, Cypress Runwal Greens, Mulund, Goregaon Link Road, Bhandup West, Mumbai 400 078. He is a
resident of India. He holds a bachelor’s degree in engineering (in the production branch) from the University of Bombay. He has been associated with AFPL as “Director (Operations)” for over 20 years.

Voter Identification Number : NNX3949328

3. Mrs. Sunita A. Magnani : Sunita A. Magnani, aged 44 years, is the Promoter of the Company. She resides at Survey No. 9/1, Santa Monica, Flat No. 1002, Opposite Runwal Mall, California Undri, Pune City, Mohammadwadi, Pune 411060. She is a resident of India. She holds a bachelor’s degree in commerce from the University of Bombay. She has been associated with the Company for over 14 years as a “Business Head”.

Driving Licence Number : MH03199652523