Anand Rathi Wealth Buyback Record Date 2024, Price, Entitlement Ratio

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Last updated on May 23, 2024

Anand Rathi Wealth Buyback Record Date

Anand Rathi Wealth Buyback Record Date is finalized. 

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

Anand Rathi Wealth Buyback Record Date, Other Details

Anand Rathi Wealth Buyback DatesComing soon
Anand Rathi Wealth Buyback Price INR 4,450 per share
Market Price on Buyback ApprovalINR 4,014.05 per share
Buyback Premium on Market Price10.86%
Buyback Offer Size (Shares)3,70,000 shares
Buyback Offer Size (Amount)INR 164.65 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 5 per share
Listing AtBSE, NSE

Anand Rathi Wealth Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal8 April 2024
Buyback Approval Date12 April 2024
Public Announcement of Buyback22 May 2024
Anand Rathi Wealth Buyback Record Date3 June 2024
Buyback Opening DateComing soon
Buyback Closing DateComing soon
Cut-off Date to receive completed tender forms by RegistrarComing soon
Verification Date by the RegistrarComing soon
Return of unaccepted shares by RegistrarComing soon
Extinguishment of accepted sharesComing soon

Anand Rathi Wealth Buyback 2024 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


Anand Rathi Wealth Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
6.32*
General category
(for all other Eligible Shareholders)
*Calculated by IPO Central

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 2021FY 2022FY 2023
Total Income265.33417.49548.63
Total Expenses216.37257.88330.43
Net income 44.62126.80168.60
Figures in INR Crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 4,450
Maximum shares for small shareholders (2,00,000/4,450)45 shares *
The closing price of the stock as of 12 April 2024INR 4,014.05**
Maximum amount invested in buyback (INR 4,014.05 x 45 shares)INR 1,80,632
* No. of shares stands to change according to the closing price on the record date
** For simplicity, we have considered the price on the buyback approval date

Anand Rathi Wealth Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
4533 (100%)1,307.850.72
4536 (200%)2,615.701.45
4539 (300%)3,923.552.17

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, Maharashtra
Telephone: +91 8108114949
Email: [email protected]
Website: 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: +9122 2612 3208
Email: [email protected]
Website: 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 2024 and closes on 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.

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