Everything You Need to Know About the Anand Rathi Wealth IPO

Anand Rathi Wealth Limited is one of the leading non-bank wealth solutions firms in India and has been ranked amongst one of the three largest non-bank mutual fund distributors in India. The company serves a wide spectrum of clients through a mix of wealth solutions, financial product distribution, and technology solutions. Providing services primarily through its flagship Private Wealth (PW) vertical where it manages ₹294.72 billion in AuM as of August 31, 2021, along with this the company also offers services in two other verticals, Digital Wealth (DW) and Omni Financial Advisors (OFA).

Through its IPO, Anand Rathi Wealth aims to raise Rs. 660 crores. The entire public offer comprises an offer for sale of 1.2 crore equity shares from existing shareholders.

Financial Snapshot:

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2019 284.19 58.43 14.4
March 2020 336.41 61.61 14.95
March 2021 279.25 45.10 10.85
Period ended August 31, 2021 168.90 51.088 12.25

IPO Details

Issue Period 2nd December to 6th December 2021
Price Range ₹ 530 to 550 per share
Minimum Bid Quantity 27 and in multiples thereof
Finalisation of Allotment 9th December 2021
Initiation of Refunds 10th December 2021
Credit of Shares 13th December 2021
Listing Date 14th December 2021
Mandate end Date 20th December 2021

How do I apply to the Anand Rathi Wealth IPO?

You can apply for the Anand Rathi Wealth IPO using any supported UPI app by following two steps:

  • Enter your bid on Console
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How do I check the allotment status for Anand Rathi Wealth IPO?

You can check the allotment status for the Anand Rathi Wealth IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website. The tentative date of allotment is 9th December 2021.

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