Anand Rathi Wealth Ltd. IPO

Anand Rathi Wealth Ltd.

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹550

Issue Price

Listing Price

₹602

Listing Price

Listing Gains

+₹52.05 (+9.46%)

Listing Gains

IPO Details

Bidding Dates

02 Dec - 06 Dec '21

Bidding Dates

Min. Investment

₹14,310

Min. Investment

Lot Size

27.00

Lot Size

Price Range

₹530 - ₹550

Price Range

Issue Size

636 Cr

Issue Size

IPO Doc

(D)RHP PDF  

(D)RHP PDF

Subscription Rate - Anand Rathi Wealth Ltd. IPO

  • Retail Individual Investor
    7.76x
  • Non-Institutional Investor
    25.42x
  • Qualified Institutional Buyers
    2.50x
  • Employees
    1.32x


About Anand Rathi Wealth Ltd. IPO

Anand Rathi Wealth Limited is one of India's leading non-banking wealth management companies. It is one of the country's leading non-banking mutual fund distributors. Customers can choose from a wide range of wealth management, financial product distribution, and technological solutions. It serves as a distributor for mutual funds. It distributes mutual fund schemes and gets distribution commissions from asset management companies on a trailing basis. It also buys non-convertible market linked debentures and sells them to clients, earning money on the transaction.

Why should you invest in Anand Rathi Wealth Ltd. IPO?

Here are some of the positive aspects of this business.

  • The company is one of India's leading non-bank wealth management organisations.

  • It is India's largest mutual fund distributor and also distributes non-convertible market linked debentures.

  • The company focuses on the HNI and underdeveloped segments, which are less price sensitive.

  • In the last three years, the company's revenues have remained consistent. Its revenues in FY21 are poor, which can be attributed to the impact of the pandemic.

Financial Snapshot - Anand Rathi Wealth Ltd IPO

The company's total assets, revenues, and profits during the last three years are shown below.

  • Financial Year
    Total Revenue
    Total Assets
    Profit After Tax
  • March 2021
    Rs. 279.24 Crores
    Rs. 339.44 Crores
    Rs. 45.09 Crores
  • March 2020
    Rs. 336.41 Crores
    Rs. 409.06 Crores
    Rs. 61.61 Crores
  • March 2019
    Rs. 284.18 Crores
    Rs. 230.82 Crores
    Rs. 58.43 Crores

Important Dates - Anand Rathi Wealth Ltd IPO

Following are some important events and their respective dates of Anand Rathi Wealth IPO to take note of:

  • Events
    Important Dates
  • Application opens on
    2 December, 2021
  • Last date of application
    6 December, 2021
  • Date of allotment
    9 December, 2021
  • Refund begins from
    10 December, 2021
  • Stocks get credited in DEMAT A/C on
    13 December, 2021
  • Listing Date
    14 December, 2021


SWOT Analysis - Anand Rathi Wealth Ltd. IPO

Strengths:

Anand Rathi Wealth caters to high-net-worth individuals as its major consumers.. It also provides free value-added services such as supplemental wills, succession planning, and estate planning. Anand Rathi Wealth has a unique marketing strategy that includes using promotional tactics, hiring additional relationship managers, and expanding geographically.

Weaknesses:

Anand Rathi Wealth's performance suffered as a result of the pandemic's protracted periods of market volatility and sluggishness in corporate activities. This may be seen in the company's revenue, which dropped by 20% in FY21. To compensate for business losses, the corporation cut "Employee Benefit Expenses," among other financial liabilities, as a result of lower income.

Opportunities:

Growth in the brokerage market: The brokerage market expanded at a 7.69 percent annual pace in FY20, from Rs. 19,500 crores in FY19 to Rs. 21,000 crores in FY20. From a traction-based strategy, the industry is gradually shifting to a free-based model. Brokers may make a lot of money by offering fund-based services like margin funding and lending against stocks, which are becoming increasingly popular.

Technological advancements: Following demonetisation, online services have been a primary engine of a rising economy. Following the stock market crash, mobile-based trading and reliable broadband access have also contributed in recovering the brokerage business. It has also resulted in an increase in the number of people opening online Demat accounts through user-friendly smartphone apps.

Threats:

Lack of financial literacy: The majority of Indians do not yet have a thorough understanding of stocks, shares, and mutual funds. Understandably, they lack the information necessary to invest in these high-yielding instruments, as well as other basic financial principles such as asset allocation, risk-reward ratio, diversification, and so on. As a result, they are more likely to concentrate their resources on traditional investment strategies.


Competitive Analysis - Anand Rathi Wealth Ltd. IPO

  • The company concentrates on the HNI market, which is underserved and less price sensitive.

  • It provides clients with simple, holistic, and standardised solutions based on an objective-driven approach.

  • It is one of India's largest non-bank mutual fund distributors, with a focus on Non-Convertible Market Linked Debentures.

  • It emphasises value-added services, such as safety net and estate planning.

  • Through an entrepreneurial work culture, it focuses on attracting and retaining talent.



How to apply for Anand Rathi Wealth Ltd. IPO?

You can apply for the Anand Rathi Wealth Ltd. IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an Anand Rathi Wealth Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.

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Frequently Asked Questions (FAQs) - Anand Rathi Wealth Ltd. IPO

What are the IPO dates for Anand Rathi Wealth?

The initial public offering (IPO) will begin on December 2nd and end on December 6th, 2021.

What is the IPO Lot Size?

The IPO lot size is 27 shares, which means that investors must submit a minimum order quantity of 27 shares to participate.

What is the minimum amount required to subscribe to the Anand Rathi Initial Public Offering?

Applicants must apply for 27 shares. Retail investors’ minimum investment has to be Rs. 14,850 for one lot.

What is the price range for Anand Rathi Wealth's initial public offering?

The pricing range for this IPO, namely the Anand Rathi Wealth IPO, is between Rs 530 and Rs 550. In terms of the share's face value, it is Rs.5 per share.

Who is the Registrar for Anand Rathi Wealth's Initial Public Offering?

The Anand Rathi Wealth IPO’s registrar is Link Intime India Private Limited.

What is the IPO Allotment Date for Anand Rathi Wealth?

The basis of allotment will be finalised on December 9, 2021, refunds will begin on December 10, 2021, shares will be credited on December 13, 2021, and shares will be listed on December 14, 2021.

When will Anand Rathi Wealth's initial public offering (IPO) be available on the secondary stock market?

Anand Rathi Wealth's shares will be launched on the stock exchanges on December 14, 2021.

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