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Anand Rathi Wealth IPO is a book build issue of ₹659.38 crores. The issue is entirely an offer for sale of 1.20 crore shares of ₹659.38 crore.
Anand Rathi Wealth IPO bidding started from Dec 2, 2021 and ended on Dec 6, 2021. The allotment for Anand Rathi Wealth IPO was finalized on Dec 9, 2021. The shares got listed on BSE, NSE on Dec 14, 2021.
Anand Rathi Wealth IPO price band is set at ₹550.00 per share . The lot size for an application is 27. The minimum amount of investment required by an retail is ₹14,310 (27 shares). The lot size investment for sNII is 14 lots (378 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (1,836 shares), amounting to ₹10,09,800.
The issue includes a reservation of up to 2,50,000 shares for employees offered at a discount of ₹25.00 to the issue price.
Anand Rathi Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Anand Rathi Wealth IPO RHP for detailed Information.
| IPO Date | December 2, 2021 to December 6, 2021 |
| Listing Date | December 14, 2021 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹530 to ₹550 per share |
| Issue Price Final | ₹550 per share |
| Lot Size | 27 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 1,20,00,000 shares (aggregating up to ₹659.38 Cr) |
| Employee Discount | ₹25.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,16,16,227 shares |
| Share Holding Post Issue | 4,16,16,227 shares |
Anand Rathi IPO offers total 1,20,00,000 shares. Out of which 58,75,000 (48.96%) allocated to QIB, 23,50,000 (19.58%) allocated to QIB, 17,62,500 (14.69%) allocated to NII, 41,12,500 (34.27%) allocated to RII and 35,25,000 (29.38%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 58,75,000 (48.96%) | NA |
| − Anchor Investor Shares Offered | 35,25,000 (29.38%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 23,50,000 (19.58%) | NA |
| NII (HNI) Shares Offered | 17,62,500 (14.69%) | NA |
| Retail Shares Offered | 41,12,500 (34.27%) | 1,52,314 |
| Employee Shares Offered | 2,50,000 (2.08%) | NA |
| Total Shares Offered | 1,20,00,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Anand Rathi Wealth IPO raises ₹193.88 crore from anchor investors. Anand Rathi Wealth IPO Anchor bid date is December 1, 2021. Anand Rathi Wealth IPO Anchor Investors list
| Bid Date | December 1, 2021 |
| Shares Offered | 35,25,000 |
| Anchor Portion Size (In Cr.) | 193.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 8, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 9, 2022 |
Anand Rathi Wealth IPO opens on December 2, 2021, and closes on December 6, 2021.
| IPO Open Date | Thu, Dec 2, 2021 |
| IPO Close Date | Mon, Dec 6, 2021 |
| Tentative Allotment | Thu, Dec 9, 2021 |
| Initiation of Refunds | Fri, Dec 10, 2021 |
| Credit of Shares to Demat | Mon, Dec 13, 2021 |
| Tentative Listing Date | Tue, Dec 14, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 6, 2021 |
Investors can bid for a minimum of 27 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,850 |
| Retail (Max) | 13 | 351 | ₹1,93,050 |
| S-HNI (Min) | 14 | 378 | ₹2,07,900 |
| S-HNI (Max) | 67 | 1,809 | ₹9,94,950 |
| B-HNI (Min) | 68 | 1,836 | ₹10,09,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Aug-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 4,023.24 | 3,394.42 | 4,090.64 | 2,308.27 | |
| Total Revenue | 1,689.03 | 2,792.48 | 3,364.14 | 2,841.87 | |
| Profit After Tax | 510.88 | 450.95 | 616.14 | 584.33 | |
The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges.
[Dilip Davda] Except for FY21, ARWL has posted growth in its working. It also enjoys the prominence amongst limited organized players in the field. As all are bullish for stock markets in the coming few years, this type of company will do well. This IPO appears fully priced based on current financial data. Considering all these, investors may consider investment for long term. Read detail review...
| Listing Date | December 14, 2021 |
| BSE Script Code | 543415 |
| NSE Symbol | ANANDRATHI |
| ISIN | INE463V01026 |
| Final Issue Price | ₹550 per share |
| BSE Listing Group | B |
Anand Rathi Wealth Ltd.
Express Zone, A Wing, 10th Floor,
Western Express Highway, Goregaon (E),
Mumbai 400 063, Maharashtra, India.
Mumbai, Maharashtra
Phone: +91 (22) 6281 7000
Email: csarwsl@rathi.com
Website: https://rathi.com/Wealth/index.php
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: anandrathi.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Anand Rathi Wealth IPO is a main-board IPO of 1,20,00,000 equity shares of the face value of ₹5 aggregating up to ₹659.38 Crores. The issue is priced at ₹550 per share. The minimum order quantity is 27.
The IPO opens on December 2, 2021, and closes on December 6, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Anand Rathi Wealth IPO using UPI as a payment gateway. Zerodha customers can apply in Anand Rathi Wealth IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Anand Rathi Wealth IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Anand Rathi Wealth IPO opens on December 2, 2021 and closes on December 6, 2021.
Anand Rathi Wealth IPO lot size is 27, and the minimum amount required for application is ₹14,850.
You can apply in Anand Rathi Wealth IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Anand Rathi Wealth IPO will be done on Thursday, December 9, 2021, and the allotted shares will be credited to your demat account by Monday, December 13, 2021. Check the Anand Rathi Wealth IPO allotment status.
The Anand Rathi Wealth IPO listing date is on Tuesday, December 14, 2021.
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