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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.