Issue Price
₹550
Per Share
GMP
NIL
Grey Market
Est. Listing
₹550
Expected Price
Min. Application
₹29,700
2 lots × 27 shares
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 ₹ 294.72 Bn in AuM as of August 31, 2021. The company's PW vertical caters to 6,564 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.Competitive Strengths:Focus on the underserved HNI segment of great market potentialStandardized solutions offered to clients based on an objective-driven approachOne of the top 3 leading mutual fund distributors in IndiaFocus on value-added servicesAttracting and retaining talent through an entrepreneurial work cultureUnique marketing initiatives
Anand Rathi Wealth Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 12,000,000 | 100.00% | ₹660.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,850 |
| Retail (Max) | 13 | 351 | ₹193,050 |
| sNII (Min) | 14 | 378 | ₹207,900 |
| bNII (Min) | 68 | 1,836 | ₹1,009,800 |
| Particulars | 31-Aug-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue from Operations | 168.90 | 279.25 | 336.41 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 51.09 | 45.10 | 61.61 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 402.32 | 339.44 | 409.06 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |