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).
- 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
Contact Person: Mr. Ashish Chauhan, Company Secretary and Compliance Officer Telephone: +91 (22) 6281 7000;
Corporate Identity Number
Corporate Identity Number: U67120MH1995PLC086696
Anand Rathi Wealth IPO – Promoters
MR. ANAND RATHI, MR. PRADEEP GUPTA AND ANAND RATHI FINANCIAL SERVICES LIMITED
Summary of Restated Consolidated Financial Information
For the year/period ended ( ₹ in millions)
|Profit After Tax||450.95||616.14||584.33|
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 Date||02 December 2021|
|Issue Close Date||06 December 2021|
|Issue Type||Book Built Issue|
|Face Value||₹ 5 per equity share|
|IPO/Issue Price||₹ 530 to ₹ 550 per equity share|
|Market Lot||27 Shares|
|Min Order Quantity||27 Shares|
|Listing At||BSE, NSE|
IPO/ Issue Time Line [Tentative]
Issue Open Date
Issue Close Date
Basis of Allotment Date
Initiation of Refunds
IPO Listing Date
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
Investor grievance e-mail:
Contact person: Ms. Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Anand Rathi Wealth IPO FAQs
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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