Categories: IPO

Anand Rathi IPO Details, Anand Rathi Wealth Limited IPO Detail

Anand Rathi IPO Details, Anand Rathi Wealth Limited IPO Detail

Anand Rathi IPO Details

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Company All Details

“ANAND RATHI WEALTH SERVICES LIMITED”

Founded

1994

Managing Director

Rakesh Rawal

Company Promoters:

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

About the company.

The company is one of the leading non-bank wealth solutions firms in India and have been ranked amongst the top three non-bank mutual fund distributors in India by gross commission earned in Fiscal 2020 (Source – CARE Advisory Research). It serves a wide spectrum of clients through a mix of wealth solutions, financial product distribution and technology solutions. It provides services primarily through its flagship Private Wealth (“PW”) vertical where it manages Rs. 26.058 billion in AuM as on March 31, 2021.

The company’s AuM is a sum of (i) all third-party assets that generate commissions or incomes, which could be upfront and/or on a trail basis and (ii) custody assets of the Clients (It do not include clients that merely have a custody account i.e. a demat account with the company, but have no wealth assets such as mutual funds). Its AuM does not include the value of the promoter holdings in companies in its AuM even though it may be in the Anand Rathi Group’s custody.

Objects Of The Offer:

The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the sale of up to 12,000,000 Equity Shares aggregating up to ₹ [●] million by the Selling Shareholders. Further, the listing of Equity Shares will enhance our Company’s brand name and provide liquidity to the existing Shareholders. Our Company expects that the proposed listing will also provide a public market for the Equity Shares in India

Anand Rathi Wealth Limited IPO (Anand Rathi IPO) Details:

Issue Amount : Upto Rs 660 Cr
Total shares on offer : Upto 12,000,000 Equity Shares
Face Value : ₹5 per share
Price Band : ₹530 to ₹550
Lot Size : 27 shares
Anand Rathi IPO Registrar : Link Intime India Pvt Ltd.

Anand Rathi Wealth Limited IPO Timeline, IPO Open Date, Listing Date, Refund Date

IPO Open DateDec 2, 2021
IPO Close DateDec 6, 2021
Basis of Allotment DateDec 9, 2021
Initiation of RefundsDec 10, 2021
Credit of Shares to Demat AccountDec 13, 2021
IPO Listing Date (Trading
commence)
Dec 14, 2021
Anand Rathi Wealth Limited IPO Timeline, IPO Open Date, Listing Date, Refund Date

Offer Breakup

CategoryAllocation
Qualify Institutional Bidders (QIB)50%
Non Institutional Byers (NIB)15%
Retail Individual Investor (RII)35%
Employee
Total100%
Offer Breakup

Important Financial Data:

For the year/period ended (₹ in Million) Last Three Year

Particulars
(in ₹ Million)
AS AT AUGUST 31, 2021As at March 31, 2021As at March 31, 2020As at March 31, 2019
Total Assets4,023.243,394.014,090.642,308.27
Total Revenue1,689.032,792.483,364.142,841.87
Net Profit
for the period
510.88450.95616.14584.33
Anand Rathi Wealth Limited Important Financial Data:

Prospectus Document:

Download RHP File

Download DRHP File

What is Anand Rathi Wealth Limited IPO?

Issue Amount : Upto Rs 660 Cr.

Issue Amount : Upto Rs 660 Cr.

Anand Rathi Wealth Limited IPO Open?

02 Dec 2021 to 06 Dec 2021.

Anand Rathi Wealth IPO Open?

02 Dec 2021 to 06 Dec 2021.

“Registered Office”

The registered office of our Company situated at Express Zone, A Wing, 10th Floor, Western Express Highway, Goregaon (E), Mumbai, Mumbai City 400 063, Maharashtra, India

How to apply on Zerodha, Anand Rathi Wealth Limited I.P.O. through Zerodha?

Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in A Rathi IPO by login into Zerodha Console (back office) and Select an IPO application form.

Steps to apply in A Rathi Wealth Limited IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘A Rathi Wealth Limited IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can chek status on zerodha console.

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