Anand Rathi Wealth Limited IPO Detail
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 ₹ 260.58 Bn in AuM as of March 31, 2021. The company's PW vertical caters to 6,109 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 LimitedIPO Details
| IPO Opening Date | Dec 02, 2021 |
| IPO Closing Date | Dec 06, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹530 - 550 per equity share |
| Market Lot | 27 Shares |
| Min Order Quantity | 27 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹660.00 Cr |
| Fresh Issue | - |
| Offer for Sale | ₹660.00 Cr |
| Employee Discount | ₹25 |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.01x | - | - | 1.94x | 2.44x | 1.61x |
| Day 2 | 0.17x | - | - | 3.06x | 4.78x | 3.02x |
| Day 3 | 1.86x | - | - | 20.69x | 6.43x | 7.97x |
IPO Tentative Timetable
The Anand Rathi Wealth Limited IPO open date is Dec 02, 2021, and the close date is Dec 06, 2021. The issue may list on Dec 14, 2021.
| IPO Open Date | Dec 02, 2021 |
| IPO Close Date | Dec 06, 2021 |
| Basis of Allotment Date | Dec 09, 2021 |
| Initiation of Refunds | Dec 10, 2021 |
| Credit of Shares to Demat Account | Dec 13, 2021 |
| IPO Listing Date | Dec 14, 2021 |
IPO Lot Size
The Anand Rathi Wealth Limited IPO market lot size is 27 shares. A retail-individual investor can apply for up to 13 lots (351 shares or ₹193050).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 27 | ₹14850 |
| Maximum | 13 | 351 | ₹193050 |
IPO Promoter Holding
| Pre Issue Share Holding | 74.96% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 339.44 | 279.25 | 45.11 |
| 31-Mar-20 | 409.06 | 336.41 | 61.61 |
| 31-Mar-19 | 230.82 | 284.19 | 58.43 |
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 Wealth Limited IPO Registrar:
Link Intime India Private Ltd
Anand Rathi Wealth Limited IPO Lead Manager(s):
Anand Rathi Securities Limited, BNP Paribas, Equirus Capital Private Limited, IIFL Securities Ltd
