Anand Rathi Wealth IPO

Anand Rathi IPO Open on 2 December [Anand Rathi Wealth Limited IPO] Details

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Anand Rathi Wealth IPO opens on 02-Dec-2021 and it will close on 06-Dec-2021 as per the Red Herring Prospectus (RHP). Anand Rathi Wealth sets IPO price band at Rs 530-550, issue to open on Thursday

About the Anand Rathi Wealth Limited

The Company was originally incorporated as a private limited company under the Companies Act, 1956 in the name of ‘Hitkari Finvest Private Limited’ on March 22, 1995. It was thereafter renamed as ‘AR Venture Funds Management Private Limited’, and a fresh certificate of incorporation consequent upon a change of name was issued by the RoC on April 6, 2005, which was later converted from a private limited company to a public limited company under the Companies Act, 1956, with the name ‘AR Venture Funds Management Limited’, and a fresh certificate of incorporation consequent upon a change of name was issued by the RoC on March 8, 2007. Subsequently, ‘AR Venture Funds Management Limited’ was converted to a private limited company with the name ‘AR Venture Funds Management Private Limited’, and a fresh certificate of incorporation consequent upon a change of name was issued by the RoC on July 7, 2015. Thereafter, ‘AR Venture Funds Management Private Limited’ was again converted to a public limited company with name ‘AR Venture Funds Management Limited’, and a fresh certificate of incorporation consequent upon a change of name was issued by the RoC on April 3, 2017. Subsequently ‘AR Venture Funds Management Limited’ was renamed as ‘Anand Rathi Wealth Services Limited’ and received a fresh certificate of incorporation from the RoC on July 6, 2017. Thereafter, Anand Rathi Wealth Services Limited was renamed as ‘Anand Rathi Wealth Limited’ and received a fresh certificate of incorporation from the RoC on January 7, 2021.


One of the leading non-bank wealth solutions firms in India and have been ranked amongst one of the three largest non-bank mutual fund distributors in India by gross commission earned in Fiscal 2019, 2020 and 2021 (Source – CARE Advisory Research).

Competitive Strengths

  • Focus on the underserved and less price sensitive HNI segment
  • Uncomplicated, holistic and standardized solutions offered to clients based on an objective-driven approach
  • One of the leading non-bank mutual fund distributor in India coupled with presence in Non-Convertible Market Linked Debentures
  • Focus on value added services i.e., safety net and estate planning services
Registered and Corporate Office

Registered Office: Express Zone, A Wing, 10th Floor, Western Express Highway, Goregaon (E), Mumbai 400 063, Maharashtra, India

Corporate Office: 11th Floor, Times Tower, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai
400 013, Maharashtra, India

Website and Contact Person

Website: www.rathi.com/wealth

Contact Person: Mr. Ashish Chauhan, Company Secretary and Compliance Officer Telephone: +91 (22) 6281 7000;

E-mail: csarwsl@rathi.com

Corporate Identity Number

Corporate Identity Number: U67120MH1995PLC086696


Anand Rathi Wealth IPO – Promoters

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MR. ANAND RATHI, MR. PRADEEP GUPTA AND ANAND RATHI FINANCIAL SERVICES LIMITED


COMPANY FINANCIALS

Summary of Restated Consolidated Financial Information

For the year/period ended ( ₹ in millions)

Particulars
 31-Mar-2131-Mar-2031-Mar-19
Total Revenue3,394.424,090.642,308.27
Profit After Tax450.95616.14584.33
Total Assets10,183.398,873.157,902.68

Total Revenue : 1,689.03 31-Aug-21

Profit After Tax (PAT):510.88 31-Aug-21

Total Assets: 4,023.24 31-Aug-21


IPO Date and Price Band

Issue Open Date02 December 2021
Issue Close Date06 December 2021
Issue TypeBook Built Issue
Face Value₹ 5 per equity share
IPO/Issue Price₹ 530 to ₹ 550 per equity share
Market Lot27 Shares
Min Order Quantity27 Shares
Listing AtBSE, NSE
Issue Size
Employees Discount25

IPO/ Issue Time Line [Tentative]

02 December 2021

Issue Open Date

Issue Close Date

06 December 2021
09 December 2021

Basis of Allotment Date

Initiation of Refunds

10 December 2021
13 December 2021

Credit of Shares to Demat Account

IPO Listing Date

14 December 2021

Anand Rathi Wealth IPO Prospectus (RHP)


Anand Rathi Wealth IPO Lead Managers

1. Equirus Capital Private Limited

2. BNP Pariba

3. IIFL Securities Limited

4. Anand Rathi Advisors Limited

Anand Rathi Wealth IPO Registrar

Link Intime India Private Limited
C-101, 1st Floor, 247 Park, Lal Bahadur
Shastri Marg, Vikhroli (West), Mumbai 400
083, Maharashtra , India
Telephone: +91 22 4918 6000
E-mail: anandrathi.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail:
anandrathi.ipo@linkintime.co.in
Contact person: Ms. Shanti Gopalkrishnan
SEBI Registration No.: INR000004058

Anand Rathi Wealth IPO FAQs

Q What is Anand Rathi Wealth IPO?


Ans. Anand Rathi Wealth is a main-board IPO. The issue is priced at ₹ 530 to ₹ 550 per equity share.

OPEN: 02 December 2021 CLOSE: 06 December 2021


Q How to apply for Anand Rathi Wealth IPO through Upstox?

Ans. Login to Upstox with the credentials. Select the IPO – Anand Rathi Wealth. Confirm your application. Block funds on your mobile UPI app. Open Demat Account Now With Upstox


Q When the Anand Rathi Wealth IPO will Open?

Ans. The Anand Rathi Wealth IPO Opens on 02 December 2021.


Q When the Anand Rathi Wealth IPO will Close?


Ans. The Anand Rathi Wealth IPO will close on 06 December 2021


Q What is Anand Rathi Wealth IPO Price Band?


Ans. The Anand Rathi Wealth IPO Price Band is ₹ 530 to ₹ 550 per equity share.


Q What is the Anand Rathi Wealth IPO Allotment Date?

Ans. The Anand Rathi Wealth IPO allotment date is 09 December 2021.


Q What is the Anand Rathi Wealth IPO Listing Date?


Ans. The Anand Rathi Wealth IPO Listing Date is 14December 2021.


Q What is the minimum lot size of Anand Rathi Wealth IPO?

Ans. The minimum bid is 27 Shares.


Q Who is the Registrar of Anand Rathi Wealth IPO?

Ans. Link Intime India Private Limited


Q Who are the Promoters of Anand Rathi Wealth IPO?


Ans. MR. ANAND RATHI, MR. PRADEEP GUPTA AND ANAND RATHI FINANCIAL SERVICES LIMITED

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