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