Bookbuilding IPO | ₹659 Cr | Listed at BSE, NSE | Thu, Dec 2, 2021 - Mon, Dec 6, 2021
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 per share. The lot size for an application is 27. The minimum amount of investment required by an retail is ₹14,850 (27 shares) (based on upper price). 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 Open
Thu, Dec 2, 2021
IPO Close
Mon, Dec 6, 2021
Issue Price
₹550 per share
Market Cap (Pre-IPO)
₹2,288.89 Cr
| IPO Date | 2 to 6 Dec, 2021 |
| Listed on | Tue, Dec 14, 2021 |
| Face Value | ₹5 per share |
| Price Band | ₹530 to ₹550 |
| Issue Price | ₹550 per share |
| Lot Size | 27 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹25.00 |
| Total Issue Size | 1,20,00,000 shares (agg. up to ₹659 Cr) |
| Offer for Sale | 1,20,00,000 shares of ₹5 (agg. up to ₹659 Cr) |
| Share Holding Pre Issue | 4,16,16,227 shares |
| Share Holding Post Issue | 4,16,16,227 shares |
| BSE Script Code / NSE Symbol | 543415 / ANANDRATHI |
| ISIN | INE463V01026 |
Anand Rathi Wealth IPO comprises a total issue size of 1,20,00,000 shares. The net offer to the public is 1,17,50,000 shares, after excluding 2,50,000 shares under a preferential allotment. Of the Net offer 58,75,000 (50.00%) are allocated to QIB, 17,62,500 (15.00%) allocated to NII 41,12,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 58,75,000 | 50.00% | 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 | 15.00% | 14.69% | NA |
| Retail Shares Offered | 41,12,500 | 35.00% | 34.27% | 1,52,314 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,50,000 | 2.08% | NA | |
| Total Shares Offered | 1,20,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 27 shares and in multiples thereof.
| 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 |
Anand Rathi Wealth IPO raises ₹193.88 crore from anchor investors. Anand Rathi Wealth IPO Anchor bid date is December 1, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Dec 1, 2021 |
| Shares Offered | 35,25,000 |
| Anchor Portion (₹ Cr.) | 193.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jan 8, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Mar 9, 2022 |
| 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 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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Anand Rathi IPO is subscribed 9.78 times on December 6, 2021 5:00:00 PM (Day 4). The public issue subscribed 7.76 times in the retail category, 2.5 times in the QIB category, and 25.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.5 | 23,50,000 | 58,83,435 |
| NII | 25.42 | 17,62,500 | 4,48,08,147 |
| Retail | 7.76 | 41,12,500 | 3,19,00,851 |
| Employee | 1.32 | 2,50,000 | 3,29,076 |
| Total | 9.78 | 84,75,000 | 8,29,21,509 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commission payable to the BRLMs (including brokerage, underwriting and selling commission) | 21.25 |
| 2 | Commission and processing fees for SCSBs and fees payable to the Sponsor Banks for Bids made by RIBs using UPI, Selling commission and processing fees to SCSBs for ASBA Applications procured by the Syndicate, Sub-Syndicate, Registered Brokers, RTAs or CDPs and submitted with the SCSBs; and bidding charges to members of the Syndicate, RTAs and CDPs | 0.78 |
| 3 | Brokerage, selling commission and bidding charges for the Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.11 |
| 4 | Fees payable to the Registrar to the Offer | 0.01 |
| 5 | Printing, stationery and other distribution expenses | 1.43 |
| 6 | Advertising and marketing for the Offer | 4.96 |
| 7 | Listing fees | 0.07 |
| 8 | SEBI filing fees, BSE and NSE processing fees | 1.37 |
| 9 | Book building software fees | 0.61 |
| 10 | Other regulatory expenses | 3.48 |
| 11 | Fees payable to the legal counsels; and | 2.36 |
| 12 | Miscellaneous | 0.38 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹550.00 | ₹550.00 |
| Open | ₹602.05 | ₹600.00 |
| Low | ₹566.10 | ₹565.55 |
| High | ₹614.95 | ₹615.00 |
| Last Trade | ₹583.50 | ₹583.55 |
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 Crores. The issue is priced at ₹550 per share. The minimum order quantity is 27.
The IPO opens on Thu, Dec 2, 2021, and closes on Mon, Dec 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 Thu, Dec 2, 2021 and closes on Mon, Dec 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 Mon, Dec 13, 2021. Check the Anand Rathi Wealth IPO allotment status.
The Anand Rathi Wealth IPO listing date is on Tue, Dec 14, 2021.
