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Anand Rathi IPO

Anand Rathi Wealth Ltd.

₹14,310 /27 sharesMinimum Investment

IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹550.00₹600.00₹50.00 (9.09%)

IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
2 Dec ‘21 - 6 Dec ‘21₹14,31027₹530 - ₹550
Issue SizeIPO Doc
659Cr
RHP PDF

Subscription Rate As on 06 Dec '21, 5:00 PM

  • Retail Individual Investor
    7.76x
  • Non-Institutional Investor
    25.42x
  • Qualified Institutional Buyers
    2.50x
  • Employees
    1.32x

About Company

Anand Rathi Wealth Limited provides a mix of wealth solutions including mutual funds, broking (equities and commodities), insurance and portfolio management services to a wide spectrum of clientele. It focuses mainly on the HNIs segment. The company is present in 11 cities in India, including Mumbai, Bengaluru, Delhi, Gurugram, and Hyderabad. They also offer estate planning, succession planning and creation of will.
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Parent Organisation
Anand Rathi Wealth Ltd.
Founded
1995
Managing Director
Rakesh Rawal

Strengths & Risks

  • As per CARE Advisory Research the company has been ranked amongst the top three non-bank mutual fund distributors in India by gross commission earned in Fiscal 2021
  • Anand Rathi is a well known brand that has dominant presence in wealth solutions and financial services
  • It serves in niche client market where the customers are UHNIs, HNIs and mass affluent
  • It has a strong client base. Most of the clients have been with the company for more than three years, representing about 53% of the clients. These clients contribute to nearly 72% of private wealth (vertical) AuM.
  • It offers estate planning, succession planning and will creation without any additional costs to its clients
  • The solutions offered are uncomplicated, holistic and standardized to their clients
  • Top tier non-bank mutual fund distributor in India coupled with presence in structured products
  • Anand Rathi derives most of its revenue from distribution and sale of financial products and are dependent on sustained ability to increase AuM and fund performance
  • Any changes in total expense ratio due to regulatory changes may reduce distribution commission income which may have an adverse effect on business, and financial condition
  • Distribution arrangement with AMCs could be terminated. About 34%, (as on March 2021) of the company’s revenue are from asset management companies
  • Anand Rathi operates in a highly regulated environment, which is subject to change, and could adversely take a toll on the company’s operations, if unfavourable
  • High dependency on the management team and relationship managers
  • One of the promoter group entities, Anand Rathi Commodities Limited (ARCL), and its directors, are involved in proceedings with SEBI and Economic Offence Wing of Mumbai Police (EOW)
  • Company stores sensitive client information. Any leakage or data theft could harm its business

Financials

*All values are in Rs. Cr
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Top IPO FAQs

What is the issue size of Anand Rathi Wealth IPO?

Anand Rathi Wealth IPO issue size is Rs 659 crore.

What is 'pre-apply' for Anand Rathi Wealth IPO?

Pre-apply will alow you to apply for the Anand Rathi Wealth IPO 2 days before the subscription period starts.

If I pre-apply for Anand Rathi Wealth IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Anand Rathi Wealth IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Anand Rathi Wealth IPO order is placed?

We will notify you when your Anand Rathi Wealth IPO order is placed with the exchange.

What are the open and close dates of the Anand Rathi Wealth IPO?

Anand Rathi Wealth IPO date is December 2 to December 6, 2021.

What is the lot size and minimum order quantity of the Anand Rathi Wealth IPO?

The minimum order quantity and lot size of Anand Rathi Wealth IPO is 27 shares.

What are the allotment dates for the Anand Rathi Wealth IPO?

Anand Rathi Wealth IPO allotment date is December 9.

Who is the registrar of Anand Rathi Wealth IPO?

Anand Rathi Wealth IPO registrar is Link Intime India Private Ltd

Where is the Anand Rathi Wealth IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.
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