Angel Broking IPO: Best suited for investors with high risk appetite

Increase in direct market participation has bolstered critical benchmarks in recent times; key financials don't offer comfort

The time is ripe for Angel Broking to hit the market, given the higher acceptance for IPOs and a huge spurt in direct retail participation. With over two decades of experience and a total revamp in its business model, the IPO may appeal to those who believe in ‘financialisation of savings’. Angel Broking holds a unique position in the broking space that isn’t very crowded, but for some reason hasn’t attracted much interest.

Operations

With 72 per cent of revenues coming from broking, this has been Angel’s focal point. Despite being a low-cost broker, the firm offers services like research