IPO

Anand Rathi Wealth Limited IPO

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Listed On: Dec 14, 2021 at ₹ 600.0.0(NSE)

₹ 14850 /27 Shares

Check Allotment

02 Dec, 2021

Open Date

06 Dec, 2021

Close Date

10 Dec, 2021

Allotment Date

14 Dec, 2021

Listing Date
Price Summary

Last Closing

2,998.90 (445.25%)

52 Week High

3,321.40

52 Week Low

1,594.00

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹530-550 per equity share
  • Face Value ₹5 Per Equity Share 
  • Issue Price Total 660 Crores
  • Listing at BSE, NSE
  • List Price 600.0.0(NSE)
  • Listing Date 2021-12-14
  • Lead Manager Anand Rathi Securities Limited,BNP Paribas,Equirus Capital Private Limited,IIFL Securities Ltd
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion 35% (Number of Retail Applications : 1,52,300 Approx)
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹530-550 per equity share, which has a face value of ₹5 Per Equity Share  each, IPO bidding starts from Dec 2, 2021 and ends on Dec 6, 2021. The allotment for IPO will be finalized on Dec 10, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 14, 2021. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are Anand Rathi Securities Limited,BNP Paribas,Equirus Capital Private Limited,IIFL Securities Ltd.


The IPO sets its price band at 530-550 for each share. A single application for Anand Rathi Wealth Limited IPO must contain at least 27 shares.

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IPO Subscription Analysis And Details
Retail
7.75x
QIB
2.50x
NII
25.43x
Total
9.78x
As on QIB NII Retail Employee Total
Shares Offered / Reserved 23,50,000 17,62,500 41,12,500 2,50,000 84,75,000
Day 1 02-12-21 05:00 PM
0.01 x 1.94 2.44 x 0.42 x 1.61 x
Day 2 03-12-21 05:00 PM
0.17 x 3.06 4.78 x 0.66 x 3.02 x
Day 3 06-12-21 05:00 PM
2.50 x 25.43 7.75 x 1.32 x 9.78 x
Total No of Applications
1046116
Subscription on the basis of Applications
6.87
Valuations
Earnings Per Share (EPS) ₹10.84/-
P/E Ratio 50.76
RoNW 18.68%
Net Asset Value (NAV) - As on 31.08.21 ₹68.91
Company Financials
In Crs.
In Cr.
31-Mar-21 31-Mar-20 31-Mar-19
Assets 339.44 409.06 230.82
Revenue 279.24 336.41 284.18
Profit After Tax 45.11 61.61 58.43
About Company

Anand Rathi Wealth is one of the leading non-bank wealth solutions firms in India and has been ranked amongst the top three non-bank mutual fund distributors in the country. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients. The company provides services primarily through its flagship Private Wealth (PW) vertical where it manages ₹ 260.58 Bn in AuM as of March 31, 2021. The company's PW vertical caters to 6,109 active client families, through a team of 233 RMs. In addition to the PW vertical, the company has 2 other new-age technology-led business verticals, i.e., Digital Wealth (DW) and Omni Financial Advisors (OFA).The company has achieved a dominant position in the distribution of financial products, with a focus on the growing HNI segment. Currently, the company has a presence across 11 cities in India.

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- Promoter(s)

Mr. Anand Rathi

Mr. Pradeep Gupta

Anand Rathi Financial Services Limited

Pre Issue Share Holding : 74.96%

Post Issue Share Holding : N/A%

IPO - Issue Objectives
1

The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges.

IPO - Anchor Investors

Anand Rathi Wealth mops up Rs 193.87 crore from 19 anchor investors ahead of IPO
Investors that participated in the anchor book are SBI Mutual Fund, ICICI Prudential, Franklin India Smaller Companies Fund, DSP Smallcap Fund, Kotak Mutual Fund, Canara Robeco Mutual Fund, Invesco India Tax Plan, Nippon Life, Abakkus Growth Fund-1, Quant Mutual Fund, and Cohesion MK Best Ideas.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Anand Rathi 7.98 50.76 18.68% 279.24
IIFL Wealth 5.72 30.83 18.54% 1,659.02