Anand Rathi IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About Anand Rathi
- Important Details – Anand Rathi
- Objects of the Issue
- Anand Rathi Limited Financials:
- Anand Rathi IPO Price – Details
- Anand Rathi IPO DRHP & RHP
- Anand Rathi IPO Lot Size
- Anand Rathi IPO Lead Managers
- Anand Rathi IPO Registrar
- Company Promoters
- Anand Rathi IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Corporate Office
- Company Registered Office
- Anand Rathi IPO – FAQS
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
| Date | Details |
|---|---|
| March 22, 1995 | The company was originally incorporated as a private limited company in the name of ‘Hitkari Finvest Private Limited |
| March 8, 2007 | The 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, 2015 | Subsequently, ‘AR Venture Funds Management Limited’ was converted to a private limited company with the name ‘AR Venture Funds Management Private Limited’ |
| April 3, 2017 | Thereafter, ‘AR Venture Funds Management Private Limited’ was again converted to a public limited company with name ‘AR Venture Funds Management Limited’ |
| July 6, 2017 | Subsequently ‘AR Venture Funds Management Limited’ was renamed as ‘Anand Rathi Wealth Services Limited’ |
| January 7, 2021 | Anand 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
| Details | ARWL IPO Details |
|---|---|
| Public Issue | Initial Public offer of 12,000,000 Equity Shares of ₹ 5 (aggregating up to ₹ 660.00 Crore) |
| Issue Open Date | 02-Dec-21 |
| Issue Close Date | 06-Dec-21 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 530 – ₹ 550 |
| Discount | Rs.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 Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | ARWL |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Anand Rathi IPO DRHP & RHP
Anand Rathi IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 27 | 14,850 |
| Maximum | 13 | 351 | 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
| Details | Date |
|---|---|
| Bid / Offer Opens on | 02-Dec-21 |
| Bid / Offer Closes on | 06-Dec-21 |
| Finalisation of Basis of Allotment | 09-Dec-21 |
| Initiation of refunds | 10-Dec-21 |
| Credit of the Equity Shares | 13-Dec-21 |
| Listing Date | 14-Dec-21 |
Company Peers – Comparison of Accounting Ratios
| Name of Company | Face Value | EPS (Basic) (₹) | Total Income (₹ in million) | NAV, as on March 31, 2021 (₹ per share) |
| Anand Rath Wealth Limited | 5 | 10.98 | 2,792.48 | 58.46 |
| IIFL Wealth Management Ltd | 2 | 42.24 | 16,590.20 | 321.77 |
Company Corporate Office
11th Floor, Times Tower,
Kamala City, Senapati Bapat Marg,
Lower Parel, Mumbai 400 013,
Maharashtra, India
Website: www.rathi.com/wealth
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?
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