Deal Highlights:
- One of the largest retail broking players in terms of active clients on NSE1
- The deal saw good demand with overall subscription of ~3.5 times and the QIB book subscribed around 6 times*
- The deal was consummated successfully at a time when broader markets corrected ~6%# in the issue period
- The deal saw participation from marquee institutional investors including Long-Only FIIs, MFs and leading Life Insurance Companies
Our Contribution:
- We led the marketing efforts, focusing on the robust and resilient business growth seen by Angel Broking post transforming itself into a discount digital broker
- The only banker to mobilize demand from Long Only FIIs in the Anchor Book
- Conducted the roadshows and led the book building efforts in a completely virtual and seamless manner
- Provided end-to-end client handholding and guidance on various deal contours and timing
1 – Source: CRISIL Report, #-Source: BSE; *– Ex-Anchor