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.
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.
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 |
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.
The lead managers are :
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 |
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.
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 :
Now, applying for an IPO online is possible with most of the Discount and online brokers.
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