Anand Rathi Wealth Limited IPO- 2nd December 2021
Company Background
Having been ranked among the top three non-bank mutual fund distributors in India, in terms of gross commission earned in FY20, Anand Rathi has been and is one of the leading non-bank wealth solutions firm in the country. Along with its Private wealth segment, the company also has two other technology led segments- Digital Wealth and Omni Financial Advisors (OFA).
Business Information
The company serves a wide array of clients through its mix of financial products, wealth solutions and technology solutions. The DW vertical is a fin-tech expansion which caters to people with financial assets between Rs.1 million and Rs.50 million. The AUM for this vertical was Rs.6.12 billion as of 31 March, 2021. They have around 3,000 clients and 183 client engagement partners.
Facts about the company
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.
As of August 2021, 54.69 percent of clients have been associated with the company for over three years, representing 73.55 percent of its total PW AUM.
The company has its offices in 11 cities: Mumbai, Bengaluru, Delhi, Gurugram, Hyderabad, Kolkata, Chennai, Pune, Chandigarh, Jodhpur and Noida. It also has a representative office in Dubai.
Points to note before investing in Anand Rathi Wealth Ltd
The company is one of the top 3 leading mutual fund distributors in India
Focus on the underserved HNI segment of great market potential
Unique marketing initiatives
Attracting and retaining talent through an entrepreneurial work culture
Company stores sensitive client information. Any leakage or data theft could harm its business.
IPO Opening Date | December 2, 2021 |
IPO Closing Date | December 6, 2021 |
Issue Type | Book Built Issue IPO |
Face Value | ₹5 per equity share |
IPO Price | ₹530 to ₹550 per equity share |
Market Lot | 27 Shares |
Min Order Quantity | 27 Shares |
Listing At | BSE, NSE |
Allotment, Listing and Refunds details
Basis of Allotment Date | December 9, 2021 |
Initiation of Refunds | December 10, 2021 |
Credit of Shares to Demat Account | December 13, 2021 |
IPO Listing Date | December 14, 2021 |
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