The Anand Rathi Wealth date has been confirmed from June 7, 2024 – June 13, 2024.
Anand Rathi Wealth Limited is a publicly traded company that offers various financial services such as wealth management, investment banking, and financial product distribution. It was established in 1995, is a part of the Anand Rathi Group, and offers financial services. With over 322 relationship managers and 9,641 clients in India and abroad, the company has a strong presence in the market.
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Key Details Of Anand Rathi Wealth Limited
Bidding Dates
June 7 – 13
Buyback Price
₹4450 per share
Face Value
₹5 per share
Offer Closes On
June 13, 2024
Anand Rathi Wealth IPO Buyback Price
The Anand Rathi Wealth Limited Buyback Price is ₹4450 per share.
IPO Overview
Investment advisory, non-banking finance company, institutional equities, mutual funds, wealth management, tax efficiency, insurance audit, estate planning, market-linked debentures, and financial planning. The company’s revenue has grown by 20.57% over the last five years, higher than the industry average of 8.46%. Its market share has also increased from 1.64% to 2.78% over the same period.
Anand Rathi Wealth Buyback Detail
| Issue Period | June 7, 2024 – June 13, 2024 |
| Security Name | Anand Rathi Wealth Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 370,000 (0.88 % of Total number of equity Shares) |
| Issue Size (Amount) | ₹164.65 Crores |
| Buyback Price | ₹4450 per share |
| Face Value | ₹5 per share |
| Listing At | BSE, NSE |
Anand Rathi Wealth Buyback Issue Timetable
| Last Date to buy shares | May 31, 2024 |
| Record Date | June 3, 2024 |
| Offer Opens On | June 7, 2024 |
| Last Date for receipt of Tender Forms | June 13, 2024 |
| Offer Closes On * | June 13, 2024 |
| Finalisation of Buyback Acceptance | June 19, 2024 |
| Last Date for settlment of bids | June 21, 2024 |
| Last Date for Extinguishment of Shares | July 2, 2024 |
Anand Rathi Wealth Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 624.12 | 480.16 | 339.75 | |
| Revenue | 751.97 | 558.33 | 425.63 | 279.25 |
| Profit After Tax | 225.82 | 168.60 | 126.80 | 44.62 |
| Reserves and Surplus | 486.12 | 360.97 | 267.29 | |
| Amount in ₹ Crore | ||||
Company Profile
Wealth management firms are gaining popularity among wealthy individuals in India who want to grow and safeguard their wealth in today’s ever-changing financial landscape. According to the Knight Frank Report 2023, the number of millionaires in India increased from 490,000 to 800,000 in 2022, and it is projected to reach 1.66 million by 2027.
Over time, the investment preferences of wealthy individuals have shifted away from traditional financial investments. However, the increasing variety of investment options and more
complex products can make it tempting to allocate funds haphazardly, which increases the risk to their portfolio. Therefore, it is advisable to have an optimal portfolio allocation that considers return expectations and risk profiles.
Registrar Info
| Name | Coming Soon |
| Phone number | Coming Soon |
| Email ID | Coming Soon |
| Website | Coming Soon |
Contact Details
| Name | Anand Rathi Wealth Limited |
| Phone number | 022 6281 7000 |
| Email ID | [email protected] |
| Website | www.anandrathiwealth.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Anand Rathi Wealth IPO FAQs
Which is the last day to buy Anand Rathi Buyback 2024 for buyback?
Last date to be eligible to participate in buyback is May 31, 2024.
What is the record date for Anand Rathi Buyback 2024 offer?
The record date for the Anand Rathi Buyback 2024 is June 3, 2024.
What is the offer price for Anand Rathi Buyback 2024 offer?
The Anand Rathi Buyback 2024 is being offered at Rs ₹4450 per share per equity share.
What is the issue size of Anand Rathi Buyback 2024?
The issue size of Anand Rathi Buyback 2024 is of 370,000 equity shares at ₹4450 per share aggregating upto ₹164.65 Crores.
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