Anand Rathi Wealth Limited IPO : Company Details and Important Date

Anand Rathi Wealth Limited IPO : Company Details and Important Date

Anand Rathi Wealth Limited provides wealth solutions to people through multiple financial and technology services. The company caters to mutual fund distribution across more than 6500 Families in INdia. The AUM for its find is 295 Billion Rs. Anand Rathi Wealth Limited is present in more than 10 cities in India and has a network of 230+ Relation managers for fulfilling the customer needs.

IPO DETAILS

Anand Rathi Wealth Limited IPO is set to launch on 2nd Dec., 2021. The subscription timeline extends till 6th Dec, 2021. The size for the IPO is 660 Crore Rs.. No Shares are issued through Fresh Issue. Shares issued through Offer for Sale are worth Rs. 660 Crore. The lot size is 27 shares and the price range is 530 Rs. – 550 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs.5 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE 2nd Dec, 2021
CLOSING DATE FOR IPO 6th Dec, 2021
ISSUE TYPE Book Built Issue
Face Value per share 5 Rs. per share
IPO price band 530 Rs. – 550 Rs.
LOT SIZE 27 shares
MINIMUM ORDER QUANTITY 27 shares
ISSUE SIZE 660 Crore Rs.
OFFER FOR SALE 660 Crore Rs.
FRESH ISSUE No Shares Issued
LISTING AT NSE, BSE
LISTING DATE 14th Dec, 2021

IMPORTANT DATES

IPO OPENING DATE 2nd Dec, 2021
CLOSING DATE FOR IPO 6th Dec, 2021
IPO ALLOTMENT DATE 9th Dec, 2021
REFUNDS 10th Dec, 2021
DEMAT A/C CREDITED ON 13th Dec, 2021
IPO LISTING DATE 14th Dec, 2021

Anand Rathi Wealth Limited IPO begins for subscription from 2nd Dec, 2021. The IPO subscription would continue till 6th Dec, 2021. The allotment status for the shareholders who applied would come on 9th Dec, 2021. The refunds for the ones who did not get allotment would be initiated on 10th Dec, 2021. The DEMAT accounts of shareholders would be credited on 13th Dec, 2021. The listing of the company would be accompanied on 14th Dec, 2021.

Lead Managers And Promoters

The lead managers are :

  • Anand Rathi Securities Limited
  • IIFL Securities Limited
  • BNP Paribas
  • Equirus Capital Private Limited

The minimum lot size for the company is decided at 27 shares. This holding accounts to 14850 Rs.. The maximum lot size is decided at 351 shares. This amounts to Rs.193050. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 27 shares 14850 Rs
Maximum 351 shares 193050 Rs

OBJECTIVES FOR THE IPO

  • The funds can be utilized for General corporate purposes.
  • The company wants to achieve the listing benefits.

COMPANY FINANCIALS

Particulars (in Million Rs.) 2020-21 2019-20 2018-19
ASSETS 3394 4090 2308
REVENUE 2792 3364 2841
NET PROFIT 450 617 580

The assets of the company are normal till the year 2020. However in 2021 the asset sell-off for 700 Crore Rs is visible . Also the revenues of the comay are decreasing by almost 600 Crore Rs. Even after selling the assets the revenues are down. Also the profits are registered at 450 Crore Rs against assets sell of for 700 Crore Rs. Hence the company is unstable on part of its finances. Thus the 2021-22 results will be into sight for the investors who want to bet long on the company.

PROS

  • The company is present in more than 10 cities across India.
  • It is ranked third among the mutual funds in India in the non-banking segment.
  • The company has an AUM of 295 Billion Rs and caters the mutual fund needs for more than 6500 Families. Its RM count is 230+.
  • The FInancials of the company are in green as profit is earned every year in the past 3 years.

CONS

  • The company’s financials are in the green, however the revenues and profits showed a great downfall in 2021. Thus the stability of the company depends on the Annual earnings of the year 2021-22. Also the August 2021 results show a great increase in profits (510 Crore Rs.). But one cannot neglect the sale of assets worth Rs.700 Crore in the 2021 year. Hence the company can be trusted for investment but a huge risk is associated with the same.

Anand Rathi Wealth Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform.
  2. Clicking the IPO link present in the Portfolio section.
  3. Click the Anand Rathi Wealth Limited IPO button and press the BID button.
  4. Entering the details asked for like UPI ID, Quantity and price.
  5. Submit the application form for the IPO.
  6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

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