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Anand Rathi IPO is a book built issue of Rs 660.00 crores. The issue is entirely an offer for sale of 1.2 crore shares.
Anand Rathi IPO bidding started from December 2, 2021 and ended on December 6, 2021. The allotment for Anand Rathi IPO was finalized on Thursday, December 9, 2021. The shares got listed on BSE, NSE on December 14, 2021.
Anand Rathi IPO price band is set at ₹530 to ₹550 per share. The minimum lot size for an application is 27 Shares. The minimum amount of investment required by retail investors is ₹14,850.
The issue includes a reservation of up to 250,000 shares for employees offered at a discount of Rs 25 to the issue price.
Anand Rathi Securities Limited, Bnp Paribas, Equirus Capital Private Limited and Iifl Securities Ltd are the book running lead managers of the Anand Rathi IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Anand Rathi IPO RHP for detailed information.
| IPO Date | December 2, 2021 to December 6, 2021 |
| Listing Date | December 14, 2021 |
| Face Value | ₹5 per share |
| Price Band | ₹530 to ₹550 per share |
| Lot Size | 27 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹660.00 Cr) |
| Offer for Sale | 12,000,000 shares of ₹5 (aggregating up to ₹660.00 Cr) |
| Employee Discount | Rs 25 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Anand Rathi IPO offers 8,475,000 shares. 2,350,000 (27.73%) to QIB, 1,762,500 (20.80%) to NII, 4,112,500 (48.53%) to RII, 250,000 (2.95%) to employees. 152,314 RIIs will receive minimum 27 shares and (sNII) and (bNII) will receive minimum 378 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,350,000 (27.73%) | NA |
| NII (HNI) Shares Offered | 1,762,500 (20.80%) | |
| Retail Shares Offered | 4,112,500 (48.53%) | 152,314 |
| Employee Shares Offered | 250,000 (2.95%) | NA |
| Total Shares Offered | 8,475,000 (100%) |
Anand Rathi IPO opens on December 2, 2021, and closes on December 6, 2021.
| IPO Open Date | Thursday, December 2, 2021 |
| IPO Close Date | Monday, December 6, 2021 |
| Basis of Allotment | Thursday, December 9, 2021 |
| Initiation of Refunds | Friday, December 10, 2021 |
| Credit of Shares to Demat | Monday, December 13, 2021 |
| Listing Date | Tuesday, December 14, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 6, 2021 |
Investors can bid for a minimum of 27 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,850 |
| Retail (Max) | 13 | 351 | ₹193,050 |
| Lot Size Calculator | |||
Mr. Anand Rathi, Mr. Pradeep Gupta and Anand Rathi Financial Services Limited are the company promoters.
| Share Holding Pre Issue | 74.73% |
| Share Holding Post Issue | 48.82% |
Anand Rathi Wealth is one of the leading non-bank wealth solutions firms in India and has been ranked amongst the top three non-bank mutual fund distributors in the country. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients. The company provides services primarily through its flagship Private Wealth (PW) vertical where it manages ₹ 294.72 Bn in AuM as of August 31, 2021. The company's PW vertical caters to 6,564 active client families, through a team of 233 RMs. In addition to the PW vertical, the company has 2 other new-age technology-led business verticals, i.e., Digital Wealth (DW) and Omni Financial Advisors (OFA).
The company has achieved a dominant position in the distribution of financial products, with a focus on the growing HNI segment. Currently, the company has a presence across 11 cities in India.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Aug-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 4,023.24 | 3,394.42 | 4,090.64 | 2,308.27 | |
| Total Revenue | 1,689.03 | 2,792.48 | 3,364.14 | 2,841.87 | |
| Profit After Tax | 510.88 | 450.95 | 616.14 | 584.33 | |
The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges.
[Dilip Davda] Except for FY21, ARWL has posted growth in its working. It also enjoys the prominence amongst limited organized players in the field. As all are bullish for stock markets in the coming few years, this type of company will do well. This IPO appears fully priced based on current financial data. Considering all these, investors may consider investment for long term. Read detail review...
The Anand Rathi IPO is subscribed 9.78 times on December 6, 2021 5:00:00 PM. The public issue subscribed 7.76 times in the retail category, 2.50 times in the QIB category, and 25.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 6.87 times
| Category | Subscription (times) |
|---|---|
| QIB | 2.50 |
| NII | 25.42 |
| Retail | 7.76 |
| Employee | 1.32 |
| Total | 9.78 |
| Listing Date | December 14, 2021 |
| BSE Script Code | 543415 |
| NSE Symbol | ANANDRATHI |
| ISIN | INE463V01026 |
| Final Issue Price | ₹550 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹550.00 |
| ₹602.05 |
| ₹566.10 |
| ₹614.95 |
| ₹583.50 |
| NSE |
|---|
| ₹550.00 |
| ₹600.00 |
| ₹565.55 |
| ₹615.00 |
| ₹583.55 |
Anand Rathi Wealth Limited
Express Zone, A Wing, 10th Floor,
Western Express Highway, Goregaon (E),
Mumbai 400 063, Maharashtra, India.
Phone: +91 (22) 6281 7000
Email: csarwsl@rathi.com
Website: https://rathi.com/Wealth/index.php
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: anandrathi.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Anand Rathi IPO is a main-board IPO of [.] equity shares of the face value of ₹5 aggregating up to ₹660.00 Crores. The issue is priced at ₹530 to ₹550 per share. The minimum order quantity is 27 Shares.
The IPO opens on December 2, 2021, and closes on December 6, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Anand Rathi IPO using UPI as a payment gateway. Zerodha customers can apply in Anand Rathi IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Anand Rathi IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Anand Rathi IPO opens on December 2, 2021 and closes on December 6, 2021.
Anand Rathi IPO lot size is 27 Shares, and the minimum amount required is ₹14,850.
You can apply in Anand Rathi IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Anand Rathi IPO will be done on Thursday, December 9, 2021, and the allotted shares will be credited to your demat account by Monday, December 13, 2021. Check the Anand Rathi IPO allotment status.
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