Anand Rathi Wealth Limited IPO Details, GMP and Subscription


Anand Rathi Wealth Limited IPO

Details of the Anand Rathi Wealth Limited IPO:

  1. Issue Amount: ₹ 660 Cr
  2. Face Value : ₹ 5 per share
  3. Price Band : ₹ 530 to ₹ 550
  4. Lot Size : 27 shares
  5. Issue break-up% : QIB: 50% NIB: 15% Retail: 35%

Important dates for Anand Rathi Wealth Limited IPO:

  1. IPO Open: Thursday, December 02, 2021
  2. IPO Close: Monday, December 06, 2021
  3. Finalization of basis of allotment: 09th December 2021
  4. Refunds/Unblocking ASBA fund: 10th December 2021
  5. Credit of equity shares to DP account: 13th December 2021
  6. Trading commences: 14th December 2021

Grey Market Premium of Anand Rathi Wealth Limited IPO:

In the following data we can see how the Grey Market Premium of Anand Rathi Wealth Limited IPO varied in last few days

04th Dec  - Rs. 100
03rd Dec  - Rs. 125
02nd Dec  - Rs. 125
01st Dec   - Rs. 125
30th Nov  - Rs. 100
29th Nov  - Rs. 100
28th Nov  - Rs. 100

Anand Rathi Wealth Limited IPO Subscription on 3rd December 2021:

Anand Rathi Wealth Limited IPO is subscribed 3.02 times on 3rd December 2021 17:00 pm

Qualified Institutional Buyers (QIB) - 0.17 times Subscribed
Retail Individual Investors (RII) - 4.77 times Subscribed
Non Institutional investors (NII) - 3.06 times Subscribed

Anand Rathi Wealth Limited Company background:

The company 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 by gross commission earned in Fiscal 2019, 2020 and 2021. It serves a wide spectrum of clients through a mix of wealth solutions, financial product distribution and technology solutions. It provides services primarily through its flagship Private Wealth (“PW”) vertical where it manages ₹ 294.72 billion in Assets under Management (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 trial 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 its 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. Its 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. It believes that it has achieved a dominant position in the distribution of financial products, with a focus on the growing HNI segment through an uncomplicated, holistic and standardised offering, delivered through an entrepreneurial team of private wealth professionals, known as Relationship Managers (“RMs”). The company commenced activities in Fiscal 2002 as an AMFI registered mutual fund distributor and has evolved into providing, well researched solutions to its clients by facilitating investments in financial instruments through an objective driven process. As of August 31, 2021, PW vertical caters to 6,564 active client families, serviced by a team of 233 RMs (including 8 RMs working on contractual basis). As on August 31, 2021, 54.69% of its clients

Financial Details of Anand Rathi Wealth Limited IPO:

Anand Rathi Wealth Limited IPO

Disclaimer : This article is for educational purpose only and does not provide any buy or sell recommendation


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