Anand Rathi Wealth IPO Details

Anand Rathi IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

About Anand Rathi

Anand Rathi Wealth Ltd is one of the leading non-bank wealth solutions firms in India and have 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. Anand Rathi Wealth serve a wide spectrum of clients through a mix of wealth solutions, financial product distribution and technology solutions. The company provide services primarily through the flagship Private Wealth (“PW”) vertical where we manage ₹ 294.72 billion in AuM as on August 31, 2021.

The Company: (a) acts as a mutual fund distributor, registered with the Association of Mutual Funds in India. It 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.

Therefore, the AUM of the company comprises mutual fund schemes and other financial products such as bonds, MLDs and other securities held by clients in their own demat accounts. Further, the company does not include demat holdings of the clients in the AUM unless the client has also used the distribution service of ARWL or have bought MLDs through ARWL.

As per the industry practice, all such assets kept in the demat account of the clients belong to the respective clients and indicate the value of their assets. Such assets are shown as the AUM of the Company. All decisions regarding purchase and sale of mutual funds and other securities are taken by the clients.

The Company is not engaged in any portfolio management of its clients. The clients or active client families include client families/groups with at least ₹5 million in cumulative AuM. Each ‘client family’ or ‘Client’ may have one or more sub-accounts or family member accounts through which they invest.

Important Details – Anand Rathi

March 22, 1995The company was originally incorporated as a private limited company in the name of ‘Hitkari Finvest Private Limited
March 8, 2007The company name renamed as ‘AR Venture Funds Management Private Limited’, then later converted from a private limited company to a public limited company, with the name ‘AR Venture Funds Management Limited’
July 7, 2015Subsequently, ‘AR Venture Funds Management Limited’ was converted to a private limited company with the name ‘AR Venture Funds Management Private Limited’
April 3, 2017Thereafter, ‘AR Venture Funds Management Private Limited’ was again converted to a public limited company with name ‘AR Venture Funds Management Limited’
July 6, 2017Subsequently ‘AR Venture Funds Management Limited’ was renamed as ‘Anand Rathi Wealth Services Limited’
January 7, 2021Anand Rathi Wealth Services Limited was renamed as ‘Anand Rathi Wealth Limited’

Objects of the Issue

  • to achieve the benefits of listing the Equity Shares on the Stock Exchanges

Anand Rathi Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in millions)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3,394.01 4,090.64 2,308.27
Total income 2,792.48 3,364.14 2,841.87
Total Expenses 2,156.64 2,494.53 2,010.88
Profit After Tax 450.95 616.14 584.33

Anand Rathi IPO Price – Details

DetailsARWL IPO Details
Public IssueInitial Public offer of 12,000,000 Equity Shares of ₹ 5 (aggregating up to ₹ 660.00 Crore)
Issue Open  Date02-Dec-21
Issue Close Date06-Dec-21
Issue TypeBook Building
IPO Price Band₹ 530 – ₹ 550 
DiscountRs.25 Per Equity Share to Employee Reservation Category
Face Value ₹ 5
Market Lot 27 Equity Shares and in multiples thereof
Minimum Order Quantity 27 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Anand Rathi IPO DRHP & RHP

Anand Rathi IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum127            14,850
Maximum13351        1,93,050

Anand Rathi IPO Lead Managers

  • Equirus Capital Private Limited
  • BNP Paribas
  • IIFL Securities Ltd
  • Anand Rathi Advisors Limited

Anand Rathi IPO Registrar

  • Link Intime India Private Limited

Company Promoters

  • Mr. Anand Rathi,
  • Mr. Pradeep Gupta and
  • Anand Rathi Financial Services Limited

Anand Rathi IPO Allotment Date, Listing Date and other Important Dates

Bid / Offer Opens on02-Dec-21
Bid / Offer Closes on06-Dec-21
Finalisation of Basis of Allotment09-Dec-21
Initiation of refunds 10-Dec-21
Credit of the Equity Shares13-Dec-21
Listing Date14-Dec-21

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
Total Income
(₹ in
NAV, as on March 31, 2021
(₹ per share)
Anand Rath Wealth Limited510.982,792.4858.46
IIFL Wealth Management Ltd242.2416,590.20321.77

Company Corporate Office

11th Floor, Times Tower,
Kamala City, Senapati Bapat Marg,
Lower Parel, Mumbai 400 013,
Maharashtra, India

Company Registered Office

Express Zone, A Wing,
10th Floor, Western Express Highway,
Goregaon (E), Mumbai 400 063,
Maharashtra, India.

Anand Rathi IPO – FAQS

What is the Anand Rathi IPO Price?

The Anand Rathi IPO price band is ₹ 530 – ₹ 550 per share

When Anand Rathi IPO will open?

The Anand Rathi IPO opens on Dec 02, 2021 and closes on Dec 06, 2021

What is the lot size of Anand Rathi IPO?

The Anand Rathi IPO lot size is 27 Equity Shares and the minimum order quantity is 27 Equity Shares

Who is the Registrar for Anand Rathi IPO?

The Registrar for Anand Rathi IPO is Link Intime India Private Limited

How to apply in Anand Rathi IPO through UPI?

Check the step by step process here – Click here

How to apply in Anand Rathi IPO through Zerodha?

Check the step by step process here – Click here

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