Anand Rathi Wealth IPO GMP, Today Anand Rathi Wealth Grey Market Premium
Know Anand Rathi Wealth IPO GMP (Anand Rathi Wealth Gray Market Premium), Anand Rathi Wealth IPO Date, Anand Rathi Wealth IPO Review, Anand Rathi Wealth IPO Benefits & Risks. We will update Anand Rathi Wealth Limited Gray Market Premium daily. Also, all information related to Anand Rathi Wealth IPO like price band, all dates, issue size and retail parts etc. All the important information about Anand Rathi Wealth IPO is given below.
Anand Rathi Wealth IPO
The IPO of Anand Rathi Wealth will open on 02 December 2021 and close on 06 December 2021. The price band of the IPO is ₹530 to ₹550. The company is looking to raise Rs 660 crore through an initial public offering (IPO). Where Around 12,000,000 Equity Shares will be under OFS (Offer for Sale).
In this IPO, Approx ₹660 Crores worth of shares will be sold through an offer for sale. The IPO of Anand Rathi Wealth will be listed on NSE and BSE. The information given is on the basis of RHP filed by Anand Rathi Wealth Limited.
We will talk about Anand Rathi Wealth's financial, benefits, and risks of investing in the company. Also will know about Anand Rathi Wealth's business model.
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What is Anand Rathi Wealth IPO GMP Today?
Anand Rathi Wealth IPO GMP is ₹60.
What is the Anand Rathi Wealth IPO Date?
Anand Rathi Wealth IPO Opening date is 03 December 2021.
What is Anand Rathi Wealth IPO Expected Return?
Anand Rathi Wealth IPO Expected Returns is approx -% - -%.
About Anand Rathi Wealth
Talking about the company, Anand Rathi Wealth Management is one of the leading Non-Bank Wealth Solutions Firms in India. The company is one of the top three non-banking mutual fund distributors in the country. Anand Rathi Wealth provides wealth solutions, financial product delivery, and technology solutions.
The company has managed ₹260.58 billion in AUM as of March 31, 2021. Anand Rathi Wealth Limited has achieved a leading position in the distribution of financial products with a focus on the growing HNI segment. If we talk about the present, then the company has a presence in 11 cities of India. The company had approximately 6109 clients as of March 2021.
Important Links:
- Anand Rathi Wealth Website
- Anand Rathi Wealth DRHP
- Anand Rathi Wealth RHP
Purpose of the offer
- To achieve the benefits of listing equity shares on the stock exchanges.
- To meet common corporate objectives.
Anand Rathi Wealth GMP Today (Grey Market Premium)
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 10 December | ₹60 | ₹- | ₹- |
| 09 December | ₹25 | ₹- | ₹- |
| 08 December | ₹25 | ₹- | ₹- |
| 07 December | ₹25 | ₹- | ₹- |
| 06 December | ₹60 | ₹250 | ₹2000 |
| 05 December | ₹100 | ₹250 | ₹3000 |
| 04 December | ₹100 | ₹250 | ₹3000 |
| 03 December | ₹125 | ₹250 | ₹3000 |
| 02 December | ₹125 | ₹250 | ₹3000 |
| 01 December | ₹125 | ₹250 | ₹3000 |
Anand Rathi Wealth IPO Date and Price Band Details
Anand Rathi Wealth IPO open date: 02 December 2021, Closing date: 06 December 2021, and Listing date: 14 December 2021. The price band of Anand Rathi Wealth IPO is ₹530 to ₹550 per share. Anand Rathi Wealth IPO issue size is Rs 660 crores. Anand Rathi Wealth Ipo retails portion is 35%, QIB Portion is 50%, and NII Portion 15%.
| IPO Open: | 02 December2021 |
| IPO Close: | 06 December 2021 |
| Listing Date: | 14 December 2021 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹660 Crores |
| Fresh Issue: | Approx ₹- Crores |
| Offer For Sale: | Approx 12,000,000 Eq Shares |
| Price Band: | ₹530 to ₹550 per share |
| Face Value: | ₹5/Equity share |
| QIB Portion: | 50% |
| Issue Type: | Book Build |
| Retail Portion: | 35% |
Anand Rathi Wealth IPO Market Lot & Size
Anand Rathi Wealth IPO's minimum lot size is 27 shares with ₹14,850 application amount and the maximum lot size is 351 shares with ₹193,050 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 27 Shares |
| Minimum Amount: | ₹14,850 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 351 Shares |
| Maximum Amount: | ₹193,050 |
Anand Rathi Wealth IPO Allotment & Listing Date
| Ipo Opening Date: | 02 December 2021 |
| IPO Closing Date: | 06 December 2021 |
| Basis of Allotment: | 09 December 2021 |
| Refund Date: | 10 December 2021 |
| Credit to Demat Account: | 13 December 2021 |
| Listing Date: | 14 December 2021 |
Anand Rathi Wealth IPO Review
HappiestPost View: To be Updated.
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- Motilal Oswal: To be updated
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- Ventura Securities Limited: To be updated
- GEPL Capital Ltd: To be updated soon
Anand Rathi Wealth Ipo Review
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The main focus of the company is on the HNI segment.
- Anand Rathi Wealth Limited is one of the top 3 leading Mutual Fund distributors in India.
- The company has been focusing on value-added services.
- The financials of the company appear to be stable
Risks
- The company works in the Zeiss field, there is not much growth in that field.
- The entire IPO of the company is under OFS ie Offer for Sale, which means that no money is going to go inside the company.
Anand Rathi Wealth Financials
Anand Rathi Wealth Financials (in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹231 | ₹284 | ₹58 |
| 2020 | ₹409 | ₹336 | ₹60 |
| 2021 | ₹339 | ₹279 | ₹45 |
Promotors
The promoters of the company are:
- Mr. Anand Rathi
- Mr. Pradeep Gupta
- Anand Rathi Financial Services Limited
Contact Details of Anand Rathi Wealth
Anand Rathi Wealth Limited
Express Zone, A Wing,
10th Floor, Western Express Highway,
Goregaon (E), Mumbai 400 063
Maharashtra, INDIA
Contact Person: Mr. Ashish Chauhan
Company Secretary and Compliance Officer
Telephone: +91(22)62817000
Email: csarwsl@rathi.com
Website: www.rathi.com/wealth
Lead Managers
- Anand Rathi Securities Limited
- Equirus Capital Private Limited
- IIFL Securities Ltd
- BNP Paribas
Anand Rathi Wealth IPO Registrars
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg,
Vikhroli (West),
Mumbai 400 083, Maharashtra, INDIA
Telephone: +91 22 4918 6000
E-mail: anandrathi.ipo@linkintime.co.in
Website: www.linkintime.co.in
Conclusion
The company is one of the top 3 Non-Banking Mutual Fund Distributors in India, as well as a part of the Anand Rathi Group, India's leading financial services provider. At the same time, the company is in profit for the last 3 financial years, although the company's profit has decreased in the last 3 years. If you are a risk taking investor then you can go for listing gains and long term.
Anand Rathi Wealth IPO GMP FAQs
What is Anand Rathi Wealth IPO GMP Today?
Anand Rathi Wealth IPO GMP is ₹25 as of today.
What is Anand Rathi Wealth IPO Opening Date?
Anand Rathi Wealth IPO Opening date is 02 December 2021.
What is Anand Rathi Wealth IPO Closing Date?
Anand Rathi Wealth IPO Closing date is 06 December 2021.
What is Anand Rathi Wealth IPO Listing Date?
Anand Rathi Wealth IPO Date is 14 December 2021.
What is Anand Rathi Wealth IPO Kostak Rate?
Anand Rathi Wealth IPO Kostak rate is ₹-.
What is Anand Rathi Wealth IPO Expected Returns?
Anand Rathi Wealth IPO Expected Returns is 20%.
Read More:
For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the Anand Rathi Wealth Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Anand Rathi Wealth Ltd".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
Disclaimer
- We are not involved in grey market trading in any way. And do not provide the facility to buy or sell IPO form of any IPOs.
- Reference to IPO Gray Market Premium (IPO GMP) is valid only for the date specified in the header, we are not involved in the buy or sell of IPO form.
- Do not decide to subscribe to an IPO solely on the basis of GMP (Grey market premium), as this may change at any time prior to listing. Do research about the fundamentals and financial details of companies before subscribing.
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