Anand Rathi Wealth 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 the country. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients. The company provides services primarily through its flagship Private Wealth (PW) vertical where it manages ₹ 294.72 Bn in AuM as of August 31, 2021. The company’s PW vertical caters to 6,564 active client families, through a team of 233 RMs. In addition to the PW vertical, the company has 2 other new-age technology-led business verticals, i.e., Digital Wealth (DW) and Omni Financial Advisors (OFA).
The company has achieved a dominant position in the distribution of financial products, with a focus on the growing HNI segment. Currently, the company has a presence across 11 cities in India.
Competitive Strengths:
- Focus on the underserved HNI segment of great market potential
- Standardized solutions offered to clients based on an objective-driven approach
- One of the top 3 leading mutual fund distributors in India
- Focus on value-added services
- Attracting and retaining talent through an entrepreneurial work culture
- Unique marketing initiatives
Anand Rathi IPO Details
| IPO Opening Date | Dec 2, 2021 |
| IPO Closing Date | Dec 6, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹530 to ₹550 per equity share |
| Market Lot | 27 Shares |
| Min Order Quantity | 27 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹5 (aggregating up to ₹660.00 Cr) |
| Offer for Sale | 12,000,000 Eq Shares of ₹5 (aggregating up to ₹660.00 Cr) |
| Employee Discount | 25 |
Anand Rathi IPO Tentative Timetable
The Anand Rathi IPO open date is Dec 2, 2021, and the close date is Dec 6, 2021. The issue may list on Dec 14, 2021.
| IPO Open Date | Dec 2, 2021 |
| IPO Close Date | Dec 6, 2021 |
| Basis of Allotment Date | Dec 9, 2021 |
| Initiation of Refunds | Dec 10, 2021 |
| Credit of Shares to Demat Account | Dec 13, 2021 |
| IPO Listing Date | Dec 14, 2021 |
Anand Rathi IPO Lot Size
The Anand Rathi IPO market lot size is 27 shares. A retail-individual investor can apply for up to 13 lots (351 shares or ₹193,050).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 27 | ₹14,850 |
| Maximum | 13 | 351 | ₹193,050 |