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

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.

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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

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Anand Rathi Wealth IPO – Promoters

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

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COMPANY FINANCIALS

Summary of Restated Consolidated Financial Information

For the year/period ended ( ₹ in millions)

Particulars
	31-Mar-21	31-Mar-20	31-Mar-19
Total Revenue	3,394.42	4,090.64	2,308.27
Profit After Tax	450.95	616.14	584.33
Total Assets	10,183.39	8,873.15	7,902.68

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

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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
Issue Size
Employees Discount	25

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IPO/ Issue Time Line [Tentative]

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Anand Rathi Wealth IPO Prospectus (RHP)

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Anand Rathi Wealth IPO FAQs

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