Anand Rathi Wealth Limited IPO (Anand Rathi IPO) Detail

Dec 2, 2021 - Dec 6, 2021

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:

  • Focus on the underserved HNI segment of great market potential
  • Standardized solutions offered to clients based on an objective-driven approach
  • One of the top 3 leading mutual fund distributors in India
  • Focus on value-added services
  • Attracting and retaining talent through an entrepreneurial work culture
  • Unique marketing initiatives

Company Promoters:

Mr. Anand Rathi, Mr. Pradeep Gupta and Anand Rathi Financial Services Limited are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue:

The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges.

Anand Rathi IPO Details

IPO Opening Date Dec 2, 2021
IPO Closing Date Dec 6, 2021
Issue Type Book Built Issue IPO
Face Value ₹5 per equity share
IPO Price ₹530 to ₹550 per equity share
Market Lot 27 Shares
Min Order Quantity 27 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹5
(aggregating up to ₹660.00 Cr)
Offer for Sale12,000,000 Eq Shares of ₹5
(aggregating up to ₹660.00 Cr)
Employee Discount 25

Anand Rathi IPO Tentative Timetable

The Anand Rathi IPO open date is Dec 2, 2021, and the close date is Dec 6, 2021. The issue may list on Dec 14, 2021.

IPO Open Date Dec 2, 2021
IPO Close Date Dec 6, 2021
Basis of Allotment Date Dec 9, 2021
Initiation of Refunds Dec 10, 2021
Credit of Shares to Demat Account Dec 13, 2021
IPO Listing Date Dec 14, 2021

Anand Rathi IPO Lot Size

The Anand Rathi IPO market lot size is 27 shares. A retail-individual investor can apply for up to 13 lots (351 shares or ₹193,050).

Application Lots Shares Amount (Cut-off)
Minimum 1 27 ₹14,850
Maximum 13 351 ₹193,050

Anand Rathi IPO Promoter Holding

Pre Issue Share Holding 74.73%
Post Issue Share Holding 48.82%

Anand Rathi IPO Review

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...

Anand Rathi IPO Prospectus

Anand Rathi IPO Rating

Rating:Rated 3.9 stars
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Company Contact Information

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

Anand Rathi IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Anand Rathi IPO FAQs

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 equity share. The minimum order quantity is 27 Shares.

The IPO opens on Dec 2, 2021, and closes on Dec 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Anand Rathi IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Anand Rathi IPO opens on Dec 2, 2021 and closes on Dec 6, 2021.

Anand Rathi IPO lot size is 27 Shares and the minimum order quantity is 27 Shares.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Anand Rathi IPO will be done on Dec 9, 2021, and the allotted shares will be credited to your demat account by Dec 13, 2021. Check the Anand Rathi IPO allotment status.

The Anand Rathi IPO listing date is not yet announced. The tentative date of Anand Rathi IPO listing is Dec 14, 2021.

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