Anand Rathi Wealth IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

The Anand Rathi Wealth IPO will hit the market soon, and you can apply for the IPO from 2nd December to 6th December 2021. Anand Rathi Wealth is planning to raise ₹660 Crores through an IPO which consists of an OFS (Offer For Sale) of ₹660 Crores by existing shareholders.

Anand Rathi group owns the company Anand Rathi Wealth. They provide services like wealth creation, mutual funds, investment banking, corporate finance, etc. Their presence is in more than 10 cities of India. They are among the top 3 mutual fund distributors in India.

Anand Rathi Wealth IPO Dates & Price Band:

Open date2nd December 2021
Close date6th December 2021
Total Size of IPO₹660 Cr.
Fresh Issue 0
Offer for Sale₹660 Cr.
Price Band₹530- 550
Face Value₹5 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

Anand Rathi Wealth IPO Market Lot:

The minimum market lot of Anand Rathi Wealth IPO is 27 shares with 14,850 applications. Retail investors can apply for 13 lots with 351 shares application worth 193,050.

ApplicationLotSharesCut Off Amount
Minimum (RII)12714,850
Maximum (NII)13351193,050

Objectives of Offer- 

  • Achieve benefits of listing gains.

Should you subscribe to Anand Rathi Wealth IPO?

We have researched and mentioned the strengths and risks of the Anand Rathi Wealth IPO. The final verdict will help you make the right decision.

Strength – 

  • Focusing on an untapped market of the HNI segment.
  • Top 3 leading distributors of mutual funds in India.
  • Provides value-added services.

Risks

  • Though many newbies started investing in markets in 2020, didn’t see any huge upside in earnings. 
  • Competitive field (Mutual Fund).

Honest Reviews – 

Many new investors started investing in markets and mutual funds, but we didn’t see any huge upside in earnings. As an investment firm, we expect to increase its revenue on a YOY basis. We will keep an eye on Anand Rathi Wealth’s financials for a few more quarters.

Investors can invest for the listing gains in the Anand Rathi Wealth IPO. It’s early to predict but Anand Rathi Wealth IPO can give great listing gains. You can keep a track of Anand Rathi Wealth IPO GMP here.

Anand Rathi Wealth IPO Allotment & Listing Dates:

Anand Rathi Wealth IPO’s open date is 2nd December and the closing date is 6th December. Allotment of shares will be done on 9th December and the listing date on NSE & BSE is 14th December 2021.

Allotment Date for Anand Rathi Wealth – 9th December 2021
Refund Date for Anand Rathi Wealth – 10th December 2021
Credit of Shares to Demat Account – 13th December 2021
Listing Date for Anand Rathi Wealth – 14th December 2021

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of Anand Rathi Wealth IPO:

The financials of Anand Rathi Wealth are good. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
201923128458
2020 40833665.12
2021 33827252

Anand Rathi Wealth IPO Registrar

Link Intime India Private limited-101,
1st Floor, 247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083, Maharashtra,
IndiaTelephone: +91 22 4918 6000
E-mail: anandrathi.ipo@linkintime.co.in

Company Address

11th Floor, Times Tower,
Kamala City,
Senapati Bapat Marg,
Lower Parel,
Mumbai – 400 013
Email: csarwsl@rathi.com

Anand Rathi Wealth IPO FAQs –


When will Anand Rathi IPO open for Investors?

Anand Rathi Wealth IPO will open on 2nd December 2021 and will close on 6th December 2021.

What is Anand Rathi Wealth IPO Retail Portion?

The portion allocated for retail investors in Anand Rathi Wealth IPO is 35%

How to apply for Anand Rathi Wealth IPO?

You can apply Anand Rathi Wealth IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in Anand Rathi Wealth IPO?

Many new investors started investing in markets and mutual funds, but we didn’t see any huge upside in earnings. As an investment firm, we expect to increase its revenue on a YOY basis. We will keep an eye on Anand Rathi Wealth’s financials for a few more quarters.

What is the allotment date for Anand Rathi Wealth shares?

9th December 2021 is the allotment date for Anand Rathi Wealth shares.

What is the listing date for Anand Rathi Wealth IPO?

14th December 2021 is the listing date for Anand Rathi Wealth. It will be listed on NSE and BSE.

What is the cutoff price for Anand Rathi Wealth IPO?

The cutoff price for Anand Rathi Wealth IPO is ₹550 per share.

Will Anand Rathi Wealth IPO give listing gains?

Investors can invest for the listing gains in the Anand Rathi Wealth IPO. It’s early to predict but Anand Rathi Wealth IPO can give great listing gains by seeing its grey market premium. You can keep a track of  Anand Rathi Wealth IPO GMP here.

How to Apply the Anand Rathi Wealth IPO through Upstox?

Open UPSTOX ACCOUNT. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Anand Rathi Wealth”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.

Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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