| Issue Date | 02 Dec 2021 - 06 Dec 2021 |
| Issue Size | ₹660.0 Cr |
| Issue Price | ₹530-550 |
| Market Lot | 27 Shares |
| Shares on Offer | 12,000,000 |
| Registrar | Link Intime |
| GMP | ₹40 |
| Kostak | ₹300 |
| Subject to Sauda | ₹1800 |
| Listing Date | 14 Dec 2021 |
| Listing Price | ₹602.05 |
| Listing Gain% | 9.00 |
Their PW vertical caters to HNI and UHNI segment vertical where we manage ₹ 26,058 crores in AuM as on March 31, 2021. We commenced activities in Fiscal 2002 as an AMFI registered mutual fund distributor and have evolved into providing, well researched solutions to our clients by facilitating investments in financial instruments through an objective driven process. As of March 31, 2021, our PW vertical caters to 6,109 active client families, serviced by a team of 233 RMs. As on March 31, 2021, 52.33% of our clients have been associated with us for over 3 years, representing 72.19% of our total PW AuM, which shows our strength in vintage of both clients and their AuM in our business. We are currently present across 11 c ities in India, namely, Mumbai, Bengaluru, Delhi, Gurugram, Hyderabad, Kolkata, Chennai, Pune, Chandigarh, Jodhpur and Noida and we have a representative office in Dubai.
They believe they have achieved a dominant position in the distribution of financial products, with a focus on the growing HNI segment through an uncomplicated, holistic and standardised offering, delivered through an entrepreneurial team of private wealth professionals, known as Relationship Managers (“RMs”).
They believe, the HNI segment of clients (i.e., individuals with net worth between ₹ 5 crores to ₹ 50 crores), is an attractive and underserved segment in terms of quality of service and creating a platform to serve this segment is often time consuming and difficult to build. In our experience, Clients belonging to the HNI segment are less price sensitive and appreciate the high quality and personalized services we offer.
Mr. Anand Rathi, Mr. Pradeep Gupta and Anand Rathi Financial Services Limited are the company promoters.
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Total Assets (In ₹ Millions) | 3,394.42 | 4,090.64 | 2,308.27 |
| Total Revenue (In ₹ Millions) | 2,792.48 | 3,364.14 | 2,841.87 |
| Profit After Tax (PAT) (In ₹ Millions) | 450.95 | 616.14 | 584.33 |
| Date | GMP | Kostak | Subject to Sauda |
|---|---|---|---|
| 07 Dec 2021 | ₹40 | ₹300 | ₹1800 |
| 02 Dec 2021 | ₹120-125 | N/A | N/A |
| Strength |
|---|
| Weakness |
|---|
| Date & Time | QIB | NII | RII | Total |
|---|---|---|---|---|
| Day 1 - 02 Dec 2021 | 0.01 | 1.93 | 2.45 | 1.60 |
| Day 2 - 03 Dec 2021 | 0.17 | 3.06 | 4.77 | 3.02 |
| Day 3 - 06 Dec 2021 | 2.50 | 25.42 | 7.76 | 9.78 |
Please click the link below to check the IPO allotment status.
IPO Allotment StatusAnand Rathi Wealth Limited IPO will open on 02 Dec 2021 and close on 06 Dec 2021.
Anand Rathi Wealth Limited IPO will list on 14 Dec 2021.
The offer price of Anand Rathi Wealth Limited IPO is ₹530-550.
The lot size of Anand Rathi Wealth Limited IPO is 27.
The Grey Market Premium (GMP) price of Anand Rathi Wealth Limited IPO is ₹40.
The Kostak price of Anand Rathi Wealth Limited IPO is ₹300.
The Subject to Sauda price for Anand Rathi Wealth Limited IPO is ₹1800.
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