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Anand Rathi Wealth Limited IPO Detail

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 Limited

IPO Details

IPO Opening DateDec 02, 2021
IPO Closing DateDec 06, 2021
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
IPO Price ₹530 - 550 per equity share
Market Lot27 Shares
Min Order Quantity27 Shares
Listing AtBSE, NSE
Issue Size₹660.00 Cr
Fresh Issue-
Offer for Sale₹660.00 Cr
Employee Discount₹25
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.01x 1.94x 2.44x 0.43x - 1.61x
Day 2 0.17x 3.06x 4.78x 0.66x - 3.02x
Day 3 1.86x 20.69x 6.43x 1.25x - 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 DateDec 02, 2021
IPO Close DateDec 06, 2021
Basis of Allotment DateDec 09, 2021
Initiation of RefundsDec 10, 2021
Credit of Shares to Demat AccountDec 13, 2021
IPO Listing DateDec 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding74.96%
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