Anand Rathi Wealth IPO

Anand Rathi Wealth IPO description – The company 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 India by gross commission earned in Fiscal 2020. It serves a wide spectrum of clients through a mix of wealth solutions, financial product distribution and technology solutions. The company provides services primarily through its flagship Private Wealth (PW) vertical where it manages INR260.58 billion in AuM as on March 31, 2021. Its clients or active client families include client families/groups with at least INR5 million in cumulative AuM.

The company commenced activities in Fiscal 2002 as an AMFI registered mutual fund distributor and has evolved into providing solutions to its clients by facilitating investments in financial instruments through an objective driven process. As of March 31, 2021, PW vertical caters to 6,109 active client families, serviced by a team of 233 RMs (including 8 RMs working on contractual basis). As on March 31, 2021, 52.3% of its clients have been associated with it for over 3 years, representing 72.2% of its total PW AuM. The company is currently present across 11 cities in India, namely, Mumbai, Bengaluru, Delhi, Gurugram, Hyderabad, Kolkata, Chennai, Pune, Chandigarh, Jodhpur and Noida and has a representative office in Dubai.

Its client families have consistently grown with new family additions of 965, 863 and 988 in Fiscal 2019, Fiscal 2020 and Fiscal 2021 respectively. Correspondingly, its PW AuM has also grown at a CAGR of 20.2% from INR180.37 billion as of March 31, 2019 to INR260.58 billion on March 31, 2021. It has been ranked in the top 50 in India’s Great Mid-Size Workplaces 2017, 2018 and 2020 by Great Place to Work Institute India.

The company also facilitates estate planning, succession planning and create wills as part of its core objectives, without charging any cost to clients and has an in-house team of 5 specialists who are qualified lawyers.

Promoters of Anand Rathi Wealth – Mr Anand Rathi, Mr Pradeep Gupta and Anand Rathi Financial Services Limited

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Anand Rathi Wealth IPO details

Subscription Dates	2 – 6 December 2021
Price Band	INR530 – 550 per share
Fresh issue	Nil
Offer For Sale	12,000,000 shares (INR636 – 660 crore)
Total IPO size	12,000,000 shares (INR636 – 660 crore)
Minimum bid (lot size)	27 shares (INR14,850)
Face Value	INR5 per share
Retail Allocation	35%
Listing On	NSE, BSE

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Anand Rathi Wealth’s Financial Performance

	FY2019	FY2020	FY2021	5M FY2022
Revenue	284.2	336.4	279.2	168.9
Expenses	201.1	249.5	215.6	100.6
Net income	58.4	61.6	45.1	51.1
Margin (%)	20.5	18.3	16.2	30.3

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Anand Rathi Wealth IPO News

• Anand Rathi Wealth IPO GMP sliding, what it means for investors?
• Anand Rathi Wealth IPO RHP
• Anand Rathi Wealth IPO DRHP

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Anand Rathi Wealth Valuations & Margins

	FY2019	FY2020	FY2021
EPS	14.67	15.15	10.98
PE ratio	–	–	48.27 – 50.1
RONW (%)	47.77	33.09	18.68
ROCE (%)	78	48	28
EBITDA (%)	37.39	33.02	30.0
Debt/Equity	0.00	0.22	0.14
NAV	–	–	58.46

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Anand Rathi Wealth IPO GMP Daily Trend

Date	Anand Rathi Wealth IPO GMP	Kostak	Subject to Sauda
13 Dec 2021	INR50	–	–
11 Dec 2021	INR50	–	–
10 Dec 2021	INR50	–	–
9 Dec 2021	INR30	–	INR500
8 Dec 2021	INR20	INR130	INR700
7 Dec 2021	INR30	INR150	INR1,400
6 Dec 2021	INR70	INR200	INR1,800
4 Dec 2021	INR110	INR250	INR2,200
3 Dec 2021	INR130	INR250	INR2,500
2 Dec 2021	INR120	INR250	INR2,500
1 Dec 2021	INR120	–	–
30 Nov 2021	INR80	–	–

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Anand Rathi Wealth IPO Subscription – Live Updates

Category	Shares Offered	Day 1	Day 2	Day 3
QIB	23,50,000	0.01	0.17	2.50
NII	17,62,500	1.93	3.06	25.42
Retail	41,12,500	2.45	4.77	7.76
Employees	2,50,000	0.42	0.66	1.32
Total	84,75,000	1.60	3.02	9.78

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Anand Rathi Wealth Offer Reviews – Subscribe or Avoid?

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Anand Rathi Wealth IPO Registrar

Link Intime India Private Limited 
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

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Anand Rathi Wealth Contact Details

Anand Rathi Wealth Limited
11th Floor, Times Tower, Kamala City,
Senapati Bapat Marg, Lower Parel
Mumbai 400 013
Phone: +91 22 6281 7000
Email: [email protected]
Website: www.rathi.com/wealth

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Anand Rathi Wealth IPO Allotment Status

Anand Rathi Wealth offer allotment is now available on Link Intime’s website. Click on this link to get allotment status.

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Anand Rathi Wealth IPO Timetable

IPO Opening Date: 2 December 2021
IPO Closing Date: 6 December 2021
Finalisation of Basis of Allotment: 9 December 2021
Initiation of refunds: 10 December 2021
Transfer of shares to demat accounts: 13 December 2021
Listing Date: 14 December 2021
Opening Price on NSE: INR600 per share (up 9.09% from IPO price)
Closing Price on NSE: INR583.55 per share (up 6.1% from IPO price)

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Anand Rathi Wealth IPO FAQs