InvestorQ : What is your view on Angel Broking IPO as a business model?
Arusha Ray made post

What is your view on Angel Broking IPO as a business model?

Answer
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diksha shah answered.
4 weeks ago


The IPO values the stock at around Rs.2500 crore, which is not very high and sounds reasonable value to pay. However, there are 3 concerns.

· It does not have the high quality research environment and will not be able to compete with higher-end brokers.

· It does not have the technology sophistication to take on the likes of Zerodha and RKSV and the launch of Paytm Money will only make their job tougher.

· Out of the Rs.600 crore IPO, only Rs.300 crore comes into the company. That is too small to build any fund-based franchise.

Of course, you will have to make a final call after talking to your investment advisor.