Anand Rathi Wealth Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 5,875,000 (49%) | — | ₹32,313 Cr |
| NII (HNI) | — | 1,762,500 (15%) | — | ₹9,694 Cr |
| Retail | — | 4,112,500 (34%) | — | ₹22,619 Cr |
| Employee | — | 250,000 (2%) | — | ₹138 Cr |
| Σ Total | — | 12,000,000 (100%) | — | ₹660,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,850 |
| Retail (Max) | 13 | 351 | ₹193,050 |
| S-HNI (Min) | 14 | 378 | ₹207,900 |
| B-HNI (Min) | 67 | 1,809 | ₹994,950 |
Financial Statements Amount in Crore
| Metric | 31-Aug-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 169 | 279 | 336 |
| Profit After Tax | 51 | 45 | 62 |
| Total Assets | 402 | 339 | 409 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the sale of up to 12,000,000 Equity Shares aggregating up to ₹ 6,593.75 million by the Selling Shareholders –
Company Overview
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