Anand Rathi Buyback 2024

Anand Rathi Wealth Limited Buyback

Anand Rathi Buyback 2024
Tender Offer

₹4,450.00

Buyback price per share

About Anand Rathi Wealth Limited Buyback

Anand Rathi Wealth Limited is publicly traded company that offers various financial services such as wealth management, investment banking, and financial product distribution. It was established in 1995 and is a part of Anand Rathi Group and offers financial services. With over 322 relationship managers and 9,641 clients in India and abroad, the company has a strong presence in the market.

Anand Rathi Wealth Limited's specialities include:

Investment advisory, Non-banking finance company, Institutional Equities, Mutual funds, Wealth Management, Tax efficiency, Insurance audit, Estate planning, Market linked debentures, and Financial Planning.

The company's revenue has grown by 20.57% over the last five years, higher than the industry average of 8.46%. Its market share has also increased from 1.64% to 2.78% over the same period.

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Anand Rathi Wealth Limited Buyback Details

Security Name

Anand Rathi Wealth Limited

Buyback Price

₹4,450.00

Face Value

₹5.00

Listing at Group

BSE, NSE

Lead Manager

Mark Corporate Advisors Private Limited

Buyback Docs

Letter Of Offer

Issue Size

370,000 (0.88 % of Total number of equity Shares)

Anand Rathi Buyback 2024 Issue Timetable

Last Date to buy sharesRecord DateOffer Opens OnOffer Closes On *
May 31, 2024Jun 3, 2024Jun 7, 2024Jun 13, 2024
Last Date for receipt of Tender FormsFinalisation of Buyback AcceptanceLast Date for settlement of bidsLast Date for Extinguishment of Shares
Jun 13, 2024Jun 19, 2024Jun 21, 2024Jul 2, 2024

Anand Rathi Wealth Limited Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders37/48355500
General Category for all other Eligible Shareholders3/392314500

Company Financials All values are in ₹ Cr.

Period Ended31-Mar-2331-Mar-2231-Mar-21
Total Revenue558.33425.63279.25
Total Borrowing------
Profit After Tax168.60126.8044.62
Reserves And Surplus486.12360.97267.29
Total Assets624.12480.16339.75
Net Worth------

How to Participate in Anand Rathi Wealth Limited Buyback?

1. Firstly, to be eligible for the buyback the investor should have shares of Anand Rathi Wealth Limited Buyback in Demat or physical form as on the record date Jun 3, 2024.

2. Once you have shares in Demat, you can participate in the buyback process which is opening from Jun 7, 2024 by selling your shares through your broker on BSE, NSE.

3. Then on Jul 2, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.

Calculation of Investment in Anand Rathi Wealth Limited Buyback

Maximum market value of a share holder as on record date

₹200,000.00

Buyback price per share

₹4,450.00

Maximum share for small shareholders (200000/ 4450)

44.94 share

Closing price of stock as of 2024-04-12

₹4,014.05

Maximum amount insted in buyback (₹4,014.05 x 44.943820224719104 shares)

₹180,406.74

* No. of shares stands to change according to the closing price on the record date

* For simplicity, we have considered the price on date Apr 12, 2024


Expected Profit from the Anand Rathi Wealth Limited Buyback on the bases of acceptance Ratio:

Acceptance Ratio

33%

50%

75%

100%

Amount Invested in Buyback

₹180,406.74

₹180,406.74

₹180,406.74

₹180,406.74

No. of Shares Buyback

14

22

33

44

Buyback Profit

6103

9590

14386

19181

Profit%

3.38%

5.32%

7.97%

10.63%

Anand Rathi Wealth Limited Buyback - Necessity of the Objective

The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.

The Buyback will help the company to optimize capital structure.

The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of the number of Equity Shares as per their entitlement or 15% of the number of Equity Shares to be bought back whichever is higher, reserved for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would be classified as small shareholders as per Regulation 2(i)(n) of the SEBI Buyback Regulations;

The Buyback may help in improving its earnings per share and return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.

Company Contact Information

Anand Rathi Wealth Limited Buyback

Floor No. 10, A Wing, Express Zone,Western Express Highway, Goregaon (E), Mumbai-400 063

Email: enquiry@rathi.com

Phone: 022 6281 7000

Website: https://www.anandrathiwealth.in/

Anand Rathi Buyback 2024 Registrar

Link Intime India Private Ltd

Email: anandrathi.buyback2024@linkintime.co.in

Phone: +91-22-4918 6270

Website: https://linkintime.co.in/initial_offer/public-issues.html