Anand Rathi Wealth Limited IPO

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Listed On: Dec 14, 2021 at ₹ 600.0.0(NSE)

₹ 14850 /27 Shares

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Price Summary

Last Closing

3,877.40 (604.98%)

52 Week High

4,299.95

52 Week Low

1,464.25

Last Update

20-Sep-2024 3:30 PM

IPO Details

02 Dec, 2021

Open Date

06 Dec, 2021

Close Date

10 Dec, 2021

Allotment Date

14 Dec, 2021

Listing Date

Issue Price

₹530-550 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

600.0.0(NSE)

Listing Date

2021-12-14

Market Lot

27 Shares (₹14,850/-)

Lead Manager

Anand Rathi Securities Limited,BNP Paribas,Equirus Capital Private Limited,IIFL Securities Ltd

Issue Size

Total 660 Crores

Retail Portion

35% (Number of Retail Applications : 1,52,300 Approx)

Subscription

9.78 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Employee	Total
Shares Offered / Reserved	23,50,000	17,62,500	41,12,500	2,50,000	84,75,000
Day 1 - 02-12-21 05:00 PM	0.01 x	1.94	2.44 x	0.42 x	1.61 x
Day 2 - 03-12-21 05:00 PM	0.17 x	3.06	4.78 x	0.66 x	3.02 x
Day 3 - 06-12-21 05:00 PM	2.50 x	25.43	7.75 x	1.32 x	9.78 x

Total No. of Applications: 1046116 (Approx)

Retail Subscription on the basis of Applications: 6.87 times

Valuations

Earnings Per Share (EPS)

₹10.84/-

P/E Ratio

50.76

RoNW

18.68%

Net Asset Value (NAV) - As on 31.08.21

₹68.91

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19
Assets	339.44	409.06	230.82
Revenue	279.24	336.41	284.18
Profit After Tax	45.11	61.61	58.43

About The Company

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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Anand Rathi	7.98	50.76	18.68%	279.24
IIFL Wealth	5.72	30.83	18.54%	1,659.02

- Promoter(s)

Pre Issue Share Holding: 74.96%

Post Issue Share Holding: N/A%

Company Promoter(s)

Mr. Anand Rathi
Mr. Pradeep Gupta
Anand Rathi Financial Services Limited

IPO - Issue Objectives

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

IPO - Anchor Investors

Anand Rathi Wealth mops up Rs 193.87 crore from 19 anchor investors ahead of IPO
Investors that participated in the anchor book are SBI Mutual Fund, ICICI Prudential, Franklin India Smaller Companies Fund, DSP Smallcap Fund, Kotak Mutual Fund, Canara Robeco Mutual Fund, Invesco India Tax Plan, Nippon Life, Abakkus Growth Fund-1, Quant Mutual Fund, and Cohesion MK Best Ideas.

IPO - FAQs

Ans. Anand Rathi Wealth Limited IPO is a Mainboard IPO. The issue is priced at ₹530-550 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.

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

Ans. The size of Anand Rathi Wealth Limited IPO is Total 660 Crores.

Ans. The IPO price band is set between ₹530-550 per equity share.

Ans. To apply for Anand Rathi Wealth Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Anand Rathi Wealth Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Anand Rathi Wealth Limited IPO is Dec 10, 2021.

Ans. The Anand Rathi Wealth Limited IPO will be listed on Dec 14, 2021.

Ans. Follow the steps to check the allotment status for Anand Rathi Wealth Limited IPO here.