Anand Rathi Wealth Buyback Record Date is finalized.Â
Since 2002, Anand Rathi Wealth registered with AMFI as a Mutual Fund Distributor, has been engaged in Private Wealth, serving high and ultra-high-net-worth individuals (HNIs & UHNIs). It manages approximately INR 37,950 crores of assets under management (AUM) for 8,352 clients in India and globally. The company operates with 293 Relationship Managers (RMs) based in offices across India. Additionally, it extends its services to NRI clients through its representative office in Dubai.
The company operates three business verticals: Private Wealth Segment, Digital Wealth Segment, and Omni Financial Advisor. As of 31 March 2023, the company’s client base experienced an 18% year-on-year increase, reaching 8,352 active client families. Furthermore, net flows for the full financial year surged 78% year-on-year to INR 4,896 crores.
The company operates across 15 cities in India, including Mumbai, Bengaluru, New Delhi, Hyderabad, Kolkata, Chennai, Ahmedabad, Visakhapatnam, Pune, Chandigarh, Jodhpur, Gurugram, Noida, Coimbatore, and Nagpur. Additionally, it maintains a representative office in Dubai.
Anand Rathi Wealth Buyback Record Date, Other Details
| Anand Rathi Wealth Buyback Dates | 7 – 13 June 2024 |
| Anand Rathi Wealth Buyback Price | INR 4,450 per share |
| Market Price on Buyback Approval | INR 4,014.05 per share |
| Buyback Premium on Market Price | 10.86% |
| Buyback Offer Size (Shares) | 3,70,000 shares |
| Buyback Offer Size (Amount) | INR 164.65 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 5 per share |
| Listing At | BSE, NSE |
Anand Rathi Wealth Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 8 April 2024 |
| Buyback Approval Date | 12 April 2024 |
| Public Announcement of Buyback | 22 May 2024 |
| Anand Rathi Wealth Buyback Record Date | 3 June 2024 |
| Buyback Opening Date | 7 June 20224 |
| Buyback Closing Date | 13 June 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 13 June 2024 |
| Verification Date by the Registrar | 14 June 2024 |
| Return of unaccepted shares by Registrar | 21 June 2024 |
| Extinguishment of accepted shares | 2 July 2024 |
Anand Rathi Wealth Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Anand Rathi Wealth Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 37/483 | 7.66 |
| General category (for all other Eligible Shareholders) | 3/392 | 0.77 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Anand Rathi Wealth Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Total Income | 265.33 | 417.49 | 548.63 |
| Total Expenses | 216.37 | 257.88 | 330.43 |
| Net income | 44.62 | 126.80 | 168.60 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 4,450 |
| Maximum shares for small shareholders (2,00,000/4,450) | 45 shares * |
| The closing price of the stock as of 12 April 2024 | INR 4,014.05** |
| Maximum amount invested in buyback (INR 4,014.05 x 45 shares) | INR 1,80,632 |
**Â For simplicity, we have considered the price on the buyback approval date
Anand Rathi Wealth Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 45 | 4 | 4 (100%) | 1,743.8 | 0.97 |
| 45 | 4 | 8 (200%) | 3,487.6 | 1.93 |
| 45 | 4 | 12 (300%) | 5,231.4 | 2.90 |
Registrar of Anand Rathi Wealth Buyback 2024
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083
Telephone:Â +91 8108114949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Manager of Anand Rathi Wealth Buyback 2024
MARK CORPORATE ADVISORS PRIVATE LIMITED
404/1, The Summit Business Bay, Sant Janabai Road (Service Lane),
Off Western Express Highway, Vile Parle (East), Mumbai-400 057
Telephone:Â +9122 2612 3208
Email:Â [email protected]
Website:Â www.markcorporateadvisors.com
The Process to Participate in Anand Rathi Wealth Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Anand Rathi Wealth buyback dates?
Anand Rathi Wealth share buyback opens on 7 June 2024 and closes on 13 June 2024.
Which type of buyback is Anand Rathi Wealth buyback offer?
Anand Rathi Wealth buyback is a tender offer.
What is Anand Rathi Wealth buyback price?
Anand Rathi Wealth buyback price is INR 4,450 per share.
What is Anand Rathi Wealth buyback record date?
Anand Rathi Wealth buyback record date is 3 June 2024.
How to participate in Anand Rathi Wealth share buyback?
Anand Rathi Wealth share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
