The Anand Rathi Wealth date has been confirmed from December 2 and ended on December 6 . Read the post to learn about Anand Rathi Wealth IPO GMP.
Anand Rathi Wealth is a pioneering firm in the non-bank wealth solution business in India and has consistently secured one of the top three positions of non-bank distributors of mutual funds in the country. The service provider delivers private wealth management, assists in financial product distribution, and provides technology solutions.
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Key Details Of Anand Rathi Wealth IPO:
Bidding Dates
December 2- 6
Price Range
₹530 to ₹550 per share
Face Value
₹5 per share
GMP
₹45
Anand Rathi Wealth GMP
The Anand Rathi Wealth IPO GMP Today is ₹[45].
IPO Overview
Anand Rathi IPO is an innovative issue of shares worth Rs 660.00 crores. The transaction represents simply the sale of 1.2 crore shares. Understanding the problem requires a handful of basic information about the firm’s financial history and the method of the share sale.
The stage for bidding during Anand Rathi IPO started on December 2, 2021 until it ended on December 6. The subscription amount for Deepak Anand shares was cancelled in Thurday on 9: 00pm 21st. Dec, 2021. The offerings on the service subscribed by BSE, NSE became available on December 14, 2021.
Narang Rathi IPO price range is expected to be 530 to 550 per share. The Investment Share certificate or the minimum lot size for an application is 27 Shares. Such retail investors are required to spend at least ₹14,850 as a minimum threshold.
The proposal will allot a maximum number of 250,000 share to employees for subscription at discount rate of Rs 25 per share that is issued.
Anand Rathi Wealth IPO GMP Live Rates Day By Day With Kotak Rates
Date | GMP | Kostak | Subject to |
14 December | ₹50 | ₹- | ₹- |
13 December | ₹50 | ₹- | ₹- |
12 December | ₹60 | ₹- | ₹- |
11 December | ₹60 | ₹- | ₹- |
10 December | ₹60 | ₹- | ₹- |
09 December | ₹25 | ₹- | ₹- |
08 December | ₹25 | ₹- | ₹- |
07 December | ₹25 | ₹- | ₹- |
06 December | ₹60 | ₹250 | ₹2000 |
05 December | ₹100 | ₹250 | ₹3000 |
04 December | ₹100 | ₹250 | ₹3000 |
03 December | ₹125 | ₹250 | ₹3000 |
02 December | ₹125 | ₹250 | ₹3000 |
01 December | ₹125 | ₹250 | ₹3000 |
30 November | ₹100 | ₹- | ₹- |
29 November | ₹100 | ₹- | ₹- |
28 November | ₹100 | ₹- | ₹- |
27 November | ₹- | ₹- | ₹- |
26 November | ₹- | ₹- | ₹- |
25 November | ₹- | ₹- | ₹- |
24 November | ₹- | ₹- | ₹- |
23 November | ₹- | ₹- | ₹- |
22 November | ₹- | ₹- | ₹- |
21 November | ₹- | ₹- | ₹- |
Anand Rathi Wealth IPO Date & Price Band Details
IPO Date | December 2, 2021 to December 6, 2021 |
Listing Date | December 14, 2021 |
Face Value | ₹5 per share |
Price Band | ₹530 to ₹550 per share |
Lot Size | 27 Shares |
Total Issue Size | [.] shares (aggregating up to ₹660.00 Cr) |
Offer for Sale | 12,000,000 shares of ₹5 (aggregating up to ₹660.00 Cr) |
Employee Discount | Rs 25 per share |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Anand Rathi Wealth IPO Market Lot
Investors can bid for a minimum of 27 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 27 | ₹14,850 |
Retail (Max) | 13 | 351 | ₹193,050 |
Anand Rathi Wealth IPO Allotment & Listing Dates
Anand Rathi IPO opens on December 2, 2021, and closes on December 6, 2021.
IPO Open Date | Thursday, December 2, 2021 |
IPO Close Date | Monday, December 6, 2021 |
Basis of Allotment | Thursday, December 9, 2021 |
Initiation of Refunds | Friday, December 10, 2021 |
Credit of Shares to Demat | Monday, December 13, 2021 |
Listing Date | Tuesday, December 14, 2021 |
Cut-off time for UPI mandate confirmation | 5 PM on December 6, 2021 |
Anand Rathi Wealth Company Financial Report
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 |
Anand Rathi Wealth IPO Reservation
Anand Rathi IPO offers 8,475,000 shares. 2,350,000 (27.73%) to QIB, 1,762,500 (20.80%) to NII, 4,112,500 (48.53%) to RII, 250,000 (2.95%) to employees. 152,314 RIIs will receive minimum 27 shares and (sNII) and (bNII) will receive minimum 378 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
Anchor Investor Shares Offered | – | NA |
QIB Shares Offered | 2,350,000 (27.73%) | NA |
NII (HNI) Shares Offered | 1,762,500 (20.80%) | |
Retail Shares Offered | 4,112,500 (48.53%) | 152,314 |
Employee Shares Offered | 250,000 (2.95%) | NA |
Total Shares Offered | 8,475,000 (100%) |
Company Profile
Anand Rathi Wealth Limited participates in mutual fund and financial product distribution it brings and sells them to retail customers in India. Funding Corporation provides equity and debt mutual funds, non-no It complements this by running an online technology platform for independent financial advisors that includes client reporting, business intel, digital marketing and engagement, fund online transactions, and plans for financial goals. The company (Anand Rathi) was originally named as Anand Rathi Wealth Services Limited but the company changed its name to Anand Rathi Wealth Limited in the month of January, 2021. Anand Rathi Investment Services Ltd. is a company of 1995 which is closely linked to Mumbai, India.
Over time, HNIs’ preferences for asset classes have changed, with a gradual shift away from traditional financial investments. However, the increase in the variety of instruments and more complex products can make it tempting to allocate funds disorderly, leading to a higher risk of the portfolio. Therefore, it is better to have an ideal portfolio allocation, considering the return expectations and risk profile.
Registrar Info
Name | Link Intime India Private Ltd |
Phone number | +91-22-4918 6270 |
Email ID | [email protected] |
Website | https://linkintime.co.in/mipo/ipoallotment.html |
Contact Details
Name | Anand Rathi Wealth Limited |
Phone number | +91 (22) 6281 7000 |
Email ID | [email protected] |
Website | https://rathi.com/Wealth/index.php |
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 FAQs
When Anand Rathi IPO will open?
The Anand Rathi IPO opens on December 2, 2021 and closes on December 6, 2021.
What is the lot size of Anand Rathi IPO?
Anand Rathi IPO lot size is 27 Shares, and the minimum amount required is ₹14,850.
When is Anand Rathi IPO allotment?
The finalization of Basis of Allotment for Anand Rathi 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.
When is Anand Rathi IPO listing date?
The Anand Rathi IPO listing date is on December 14, 2021.
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