Anand Rathi IPO GMP Today, Review, Details, Allotment Date, Share Price

Anand Rathi IPO GMP Today | Anand Rathi IPO Review | Anand Rathi IPO Subscription Status | Anand Rathi IPO Share Price |

The initial public offering (IPO) of Anand Rathi Wealth Limited (ARWL) will open for subscription on December 2nd. The company plans to raise 660 crores through an initial public offering (IPO), which will include an OFS of 12,000,000 equity shares. In 2021, the company recorded revenue of 279 crores, compared to 336 crores in 2020. The price range for the IPO is set at 530 to 550 per equity share. The Anand Rathi IPO will be listed on both the NSE and the BSE.

About Anand Rathi Company

Anand Rathi Wealth is a renowned mutual fund distributor in India with a wealth management background. The firm is a subsidiary of the renowned Anand Rathi Group. Anand Rathi Wealth Limited offers a variety of wealth management services to a wide range of clients, including mutual funds, stock and commodity broking, insurance, and portfolio management. Anand Rathi IPO is primarily targeted at high-net-worth individuals (HNIs). Mumbai, Bengaluru, Delhi, Gurugram, and Hyderabad are among the 11 Indian cities where the company operates. They also provide estate planning, succession planning, and will be writing services. The company plans to use the public offering to raise to Rs 660 crore.

Anand Rathi IPO

Highlights of Anand Rathi IPO 

Organization NameAnand Rathi Wealth Ltd.
Founded On1995
Managing Director:Rakesh Rawal
Anand Rathi Wealth IPO GMP Today₹ 125
Anand Rathi Wealth IPO Kostak Rate Today₹ 250
Anand Rathi Wealth IPO Subject to Sauda Today₹ 3000
Anand Rathi Wealth IPO Expected Returns20%.

Objectives of Anand Rathi IPO 

The IPO’s net revenues will be used to get the advantages of stock exchange listing of equity securities

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Strengths of the Company

Some of the major companies’ strengths are as follows:

  • Anand Rathi is a well-known brand with a stronghold in wealth management and financial services.
  • According to CARE Advisory Research, the firm was among the top three non-bank mutual fund distributors in India in terms of the gross commission collected in Fiscal 2021. 
  • It caters to a specific clientele of ultra-high net worth individuals, high net worth individuals, and mass affluent individuals.
  • Provides estate planning, succession planning, and will create for its clients at no additional cost.
  • It has a sizable clientele. The majority of users have been with the organization for more than three years, accounting for around 53% of the total. Nearly 72 percent of private wealth (vertical) AuM is contributed by these clients.
  • To their clients, the solutions supplied are simple, holistic, and standardized.

Risks of the Company

Some of the companies’ weaknesses are as follows:

  • The majority of Anand Rathi’s revenue comes from the distribution and retailing of financial products, and they rely on their capacity to grow AuM and fund performance to stay in business.
  • AMC distribution agreements could be terminated. Asset management firms account for about 34% of the company’s revenue (as of March 2021).
  • Any changes in the overall expense ratio as a result of regulatory changes may result in lower distribution commission income, which could harm the business and financial situation.
  • There is a great deal of reliance on the management team and relationship managers.
  • Anand Rathi operates in a very competitive environment that is prone to change and that, if unfavorable, could have a negative impact on the company’s operations.
  • Sensitive client information is kept on file by the company. Its reputation could be affected if data were to be leaked or stolen.
  • Anand Rathi Commodities Limited (ARCL), one of the promoter group’s firms, and its directors are being investigated by SEBI and the Mumbai Police’s Economic Offence Wing (EOW).

Anand Rathi’s Net Worth

  • ARWL was established in 1995. It is now one of India’s most popular non-bank wealth management options.
  • It is a mutual fund distributor that is registered with the Indian Association of Mutual Funds. Also it makes money by marketing mutual funds schemes run by several asset management firms and earning distribution commissions.
  • For the past three financial years, it has been among India’s top three non-bank mutual fund distributors.
  • The firm has established a monopoly in the distribution of financial products. It focuses on the high-net-worth individual (HNI) market, which is increasing.
  • Clients or active client families are defined as those with a cumulative AUM of at least Rs 50 lakh.
  • Mumbai, Bengaluru, Delhi, Gurugram, Hyderabad, Kolkata, Chennai, Pune, Chandigarh, Jodhpur, and Noida are the company’s headquarters, and they also have a representative office in Dubai.

Verticals in which the Company Operates 

The following are the three verticals in which the company operates:

  1. Private Wealth Vertical: They distribute mutual fund schemes run by top AMCs in India under the Private Wealth Vertical. Users can also purchase non-convertible market-linked debentures (MLDs). MLDs are a crucial component of their model strategies. When compared to equity investments throughout the medium to long term, it provides more reliable and steady returns with minimal risk. As part of their fundamental aims in managing money for their clients, this vertical also includes estate planning, succession planning, and the creation of wills.
  2. Digital Wealth Vertical: The company’s Digital Wealth Vertical is a fin-tech expansion of the company’s offering. The concept is to target the market’s enormous mass affluent group with a wealth solution given through a ‘phygital channel,’ which consists of a combination of human distributors and technology. In its endeavor to develop a Partner-led distribution model through which a bundled investment service is supplied, the sector was established in 2016, and it had good results. IFAs and AMFI-registered Mutual Fund Distributors are partners here. Through an innovative, easy-to-use technological interface, partners may build their business by bringing the Anand Rathi brand, product research, selection, and investing insights to their clients.
  3. Omni Financial Advisors (OFA) Vertical: OFA provides a digital platform for Independent Financial Advisors (IFAs) to support their clients and develop their businesses. It was founded in 2016 and has since grown to become India’s biggest technology platform for independent financial advisors. It has over 1.63 million Platform Clients as of August 31, 2021.

Anand Rathi IPO Timetable

Price Band Announcement29 – November – 2021
Anchor Investors Allotment1 – Dec – 2021
IPO Open Date2 – Dec – 2021
IPO Close Date6 – Dec – 2021
Basis of Allotment Date9 – Dec – 2021
Initiation of Refunds10 – Dec – 2021
The credit of Shares to Demat Account13 – Dec – 2021
IPO Listing Date14 – Dec – 2021

Anand Rathi IPO Details & Price Band

IPO Opening DateDec 2, 2021
IPO Closing DateDec 6, 2021
IPO Price₹530 to ₹550 per equity share
IPO Size:Approx ₹660 Crores
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
Min Order Quantity27 Shares
Market Lot27 Shares
Issue Size[.] Eq Shares of ₹5(aggregating up to ₹660.00 Cr)
Price Band:₹530 to ₹550 Per Equity Share
Listing AtBSE, NSE
Offer for Sale12,000,000 Eq Shares of ₹5(aggregating up to ₹660.00 Cr)
Employee Discount25 rupees
Retail Quota:35%
QIB Quota:50%
NII Quota:15%
Discount:₹25 for Employees
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Anand Rathi IPO Lot Size

Minimum Lot Size:Minimum 27 Shares for 1 lot
Maximum Lot Size:Maximum 351 Shares for 13 lot
Minimum Amount:₹14,850 for 1 lot
Maximum Amount:₹193,050 for 13 lot

Anand Rathi IPO Subscription Status (Bidding Detail)

CategorySubscription (times)

Company IPO Promoter Holding 

The Anand Rathi IPO Promoter Holding are as follows:

Pre Issue ShareHolding74.73%
Post Issue Shareholding48.82%

IPO Subscription Rate

Retail Individual Investor0.93x
Non-Institutional Investor0.35x
Qualified  Institutional Buyers0.00x

Company Promoters

The Company Promoters are as follows:

S. No.Promoters Name
Mr. Anand Rathi
Anand Rathi Financial Services Limited
Mr. Pradeep Gupta

Financial Highlights

ParticularsFor the year/period ended (₹ in Millions)
Total Assets4,023.243,394.424,090.642,308.27
Total Revenue1,689.032,792.483,364.142,841.87
Profit After Tax510.88450.95616.14584.33

Anand Rathi IPO Registrar

DepartmentLink Intime India Private Ltd
Contact Number:91-22-4918 6270
E-mail id:[email protected]
Official Website

Lead Managers of Anand Rathi IPO 

Some of the Lead Managers of Anand Rathi IPO are as follows:

S. No.Managers Name
Anand Rathi Securities Limited
Equirus Capital Private Limited
BNP Paribas
IIFL Securities Ltd

Company Address:

  • Address: Anand Rathi Wealth Limited, Express Zone, A Wing, 10th Floor, Western Express Highway, Goregaon (E), Mumbai 400 063, Maharashtra, India.
  • Phone Number: +91 (22) 6281 7000
  • Email id: [email protected]
  • Official Website: