GMP, Price, Date, and Allotment for the Anand Rathi Wealth IPO in 2021

GMP, Price, Date, and Allotment for the Anand Rathi Wealth IPO in 2021

Investment Public Offering by Anand Rathi Wealth:

• A detailed description of the Anand Rathi Wealth initial public offering – In terms of gross commission earned in Fiscal 2020, the company is positioned as one of the top three non-bank mutual fund distributors in India.
• It offers a wide variety of services to its clientele, including wealth management, distribution of financial products, and information technology. Private Wealth (PW) is the primary service offering for the company, with an AuM of INR260.58 billion as of March 31, 2021. Families and individuals with a minimum of INR5 million in cumulative AuM are considered clients or active client families.
• Beginning operations as an AMFI-registered mutual fund distributor in Fiscal 2002, the company has since shifted its focus to helping clients with investment decisions based on objective criteria. As of the end of March 2021, PW vertical has 6,109 active client families whom they serve through a group of 233 RMs (including 8 RMs working on contractual basis). As of March 31, 2021, 72.2% of its total PW AuM came from customers who had been with the company for more than three years.
• In addition to its head office in Dubai, the company maintains locations in eleven different Indian cities: Mumbai, Bengaluru, Delhi, Gurugram, Hyderabad, Kolkata, Chennai, Pune, Chandigarh, Jodhpur, and Noida.
• It added 965, 863, and 988 new families during fiscal years 2019–20 and 2020–21, respectively, showing steady growth in its clientele. In a similar vein, its PW AuM has increased at a CAGR of 20.2%, from INR180.37 billion as of March 31, 2019 to INR260.58 billion as of March 31, 2021. Great Place to Work Institute India has recognized it as one of India’s top mid-sized employers for three consecutive years (2017, 2018, and 2020).
• The company has a team of 5 specialists, all of whom are licensed lawyers, who help clients with estate planning, succession planning, and will create at no additional cost.

Advantages in the Market:

• Focus on the underserved high-net-worth (HNI) market, which has a lot of potentials.
• Standardized solutions are given to clients based on an approach that is goal-oriented.
• One of the top three largest distributors of mutual funds in India.
• Focus on services that add value.
• Using an entrepreneurial work culture to find and keep good employees
  Different ways to market

Company Financials

Anand Rathi Wealth IPO details

Anand Rathi Wealth’s Financial Performance

Anand Rathi IPO Tentative Timetable

The IPO for Anand Rathi starts on December 2, 2021, and ends on December 6, 2021. The bid date for the Anand Rathi IPO is from December 2, 2021 at 10 a.m. to December 6, 2021 at 5 p.m. The last time to confirm a UPI Mandate is at 5 p.m. on the day the issue ends.

Anand Rathi Wealth Valuations & Margins

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Anand Rathi Wealth IPO Registrar

Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: anandrathi.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Anand Rathi Wealth Contact Details

Anand Rathi Wealth Limited
11th Floor, Times Tower, Kamala City,
Senapati Bapat Marg, Lower Parel
Mumbai 400 013
Phone: +91 22 6281 7000
Email: csarwsl@rathi.com
Website: www.rathi.com/wealth

Anand Rathi Wealth IPO FAQs