ANAND RATHI WEALTH LIMITED IPO – Dec 2 to Dec 6

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ANAND RATHI WEALTH LIMITED IPO – Dec 2 to Dec 6

December 01, 2021
ANAND RATHI WEALTH LIMITED IPO – Dec 2 to Dec 6

ANAND RATHI WEALTH LIMITED is coming out with a fresh public issue to raise Rs 659.38 crores from the market.

Key details of the issue:

  • Issue opens – Dec 2 (Thursday)
  • Issue closes – Dec 6 (Monday)
  • Issue size – Rs 659.38 crores
  • Price band – Rs 530 to 550 per equity share
  • Bid lot – 27 shares and in multiples thereof

And here are some details of the company and further details on the ANAND RATHI WEALTH LIMITED issue.

Company details:

·        Anand Rathi Wealth Limited is one of the leading non-bank wealth solutions firms in India and has been ranked amongst one of the three largest non-bank mutual fund distributors in India by gross commission earned in Fiscal 2019, 2020 and 2021 (Source – CARE Advisory Research).

·        They serve a wide spectrum of clients through a mix of wealth solutions, financial product distribution and technology solutions. They provide services primarily through their flagship Private Wealth (“PW”) vertical where they manage ? 294.72 billion in AuM as on August 31, 2021.

·        They (a) act as a mutual fund distributor, registered with the Association of Mutual Funds in India. They distributes mutual fund schemes managed by asset management companies and earns distribution commissions on a trail basis from asset management companies; (b) purchases non-convertible market linked debentures (“MLDs”) and offers them to its clients and earns income from these sales.

·        They commenced activities in Fiscal 2002 as an AMFI registered mutual fund distributor and have evolved into providing, well researched solutions to their Clients by facilitating investments in financial instruments through an objective driven process.

·        They are currently present across 11 cities in India, namely, Mumbai, Bengaluru, Delhi, Gurugram, Hyderabad, Kolkata, Chennai, Pune, Chandigarh, Jodhpur and Noida and they have a representative office in Dubai.

·        Their business strategies are implemented by a team of experienced professionals, with relevant functional and product expertise. They have been ranked in top 50 in India’s Great Mid-Size Workplaces 2017, 2018 and 2020 by Great Place to Work Institute India.

·         In addition to PW vertical, they have two other new age technology led business verticals, i.e., Digital Wealth (“DW”) and Omni Financial Advisors (“OFA”). They believe that technology is the key to keeping their business future proof. These in-house developed technologies, including mobile application for clients and partners provides them a ready platform to integrate with their PW vertical in future as and when required reducing their time to market for a digital solution.


 Issue size: Rs 659.38 crores


Employee Reservation

 Upto 2,50,000 equity shares

Employee Discount

Rs. 25/- per share


 Issue break-up:

  • QIB – 50% of the net offer – Rs 323.13 crores
  • NIB – 15% of the net offer – Rs 96.94 crores
  • RET – 35% of the net offer – Rs 226.19 crores

Listing: NSE and BSE

Registrar: Link Intime India Private Limited      

UPI: All retail applications through brokers are compulsorily in UPI mode

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