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 ₹ 294.72 Bn
in AuM as of August 31, 2021. The company's PW vertical caters to 6,564 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 are the company promoters.
Anand Rathi IPO Details
|
IPO
Opening Date |
Dec 2, 2021 |
|
IPO Closing Date |
Dec 6, 2021 |
|
Issue Type |
Book Built Issue IPO |
|
Face Value |
₹5 per equity share |
|
IPO Price |
₹530 to ₹550 per
equity share |
|
Market Lot |
27 Shares |
|
Min Order Quantity |
27 Shares |
|
Listing At |
BSE, NSE |
|
Issue Size |
[.] Eq Shares of ₹5 |
|
Offer for Sale |
12,000,000 Eq Shares
of ₹5 |
|
Employee Discount |
25 |
Anand Rathi IPO
Tentative Timetable
The Anand Rathi IPO open date is Dec 2, 2021, and the
close date is Dec 6, 2021. The issue may list on Dec 14, 2021.
|
IPO Open Date |
Dec 2, 2021 |
|
IPO Close Date |
Dec 6, 2021 |
|
Basis of Allotment
Date |
Dec 9, 2021 |
|
Initiation of
Refunds |
Dec 10, 2021 |
|
Credit of Shares to
Demat Account |
Dec 13, 2021 |
|
IPO Listing Date |
Dec 14, 2021 |
Anand Rathi IPO Lot Size
The Anand Rathi IPO market lot size is 27 shares. A
retail-individual investor can apply for up to 13 lots (351 shares or
₹193,050).
|
Application |
Lots |
Shares |
Amount (Cut-off) |
|
Minimum |
1 |
27 |
₹14,850 |
|
Maximum |
13 |
351 |
₹193,050 |
Why Should You Invest in Anand Rathi Wealth IPO?
Given the shower of new IPOs this monsoon, Anand
Rathi Wealth might be a great investment option for individuals willing to dig
into the benefits of mutual fund distributors. It belongs to the list of top-tier
mutual fund distributors according to the gross commissions it earned in the
previous financial year.
Anand Rathi Wealth offers wealth management solutions
mainly via its private flagship division Private Wealth Vertical. The private
wealth AUM clocked 20.17% CAGR from March 2019 to March 2021. Such growth is
testimony to the profits that individuals can reap from investing in this
company’s shares.
How to Apply for IPO?
You can apply for the IPO in these ways:
Demat Account
If you’re a new investor open demat account for free with
Angel One using link https://tinyurl.com/k79bdf4z to begin your investment
journey.
UPI
Alternatively, you can apply for IPO through UPI. First,
you need to connect your bank account with a preferred UPI platform. Then, link
it with your Angel One account. After that, you can use the UPI option present
on the Angel One website and app to subscribe to IPO.
Finally, go to the UPI app to book shares for the IPO.
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