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Anand Rathi Wealth Limited

Anand Rathi Wealth Limited

listed
₹14,310Min. investment

Anand Rathi Wealth Limited IPO Details

Price range₹530 – ₹550
IPO type
Regular
Lot size27 shares
Issue size₹659Cr
RHP/DRHP
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Anand Rathi Wealth Limited Timeline

  1. Bid start
    2 Dec 2021
  2. Bid end
    6 Dec 2021
  3. Allotment
    4 Dec 2021
  4. Release of funds
    10 Dec 2021
  5. Demat transfer
    9 Dec 2021
  6. Listing
    14 Dec 2021
Anand Rathi Wealth provides wealth solutions and is one of the top three mutual fund distributors in India in the non-bank category.
Business highlights
  • Its private wealth (PW) arm caters to over 6,500 families in the high-networth (HNI) segment, which is supposedly under-served and less price sensitive. 
  • It’s assets under management (AUM) have grown at over 20% in the last three years and currently stand at over ₹29,000 crore. 
  • Under its other two verticals - Digital Wealth (DW) and Omni Financial Advisors (OFA) - digitally serves large mass affluent investors and independent financial advisors, respectively. 
  • It has presence in 11 major Indian cities and serves its clients through more than 230 relationship managers.
Financial Information
It’s financial performance in fiscal ‘21 dipped due to the pandemic-related disruption. However, the profit bounced back in fiscal ‘22. In the first five months of FY22, the net profit stood at ₹51 crore supported by lower expenses.
  Strengths
  • A well-known brand in the wealth management and financial services space
  • Presence across the customer value chain - Ultra-HNI, HNI and mass affluent
  • Has a sticky customer-base with about 55% of its clients being associated with it for over three years 
  • Deploys in-house research and analytical tools for allocating assets and selecting securities based on client’s profile
Risks
  • The fall in mutual fund total expense ratio and the increasing popularity of direct plans could impact its mutual fund distribution business 
  • The volatility or fall in the markets could impact demand for its services
  • The wealth management industry is highly competitive
  • Wealth management and mutual fund industries are tightly regulated. This means the company faces the risks of non-compliance
Opportunities
  • India’s AUM-to-GDP ratio in 2020 stood at 16% vs the global average of 63% 
  • India’s low mutual fund penetration leaves room for growth 
  • India’s pool of millionaires is expected to grow at a rate of 13% till fiscal 2025 
  • Rising preference for financial assets versus physical assets augurs well for financial services providers

Checklist

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Anand Rathi Wealth Limited Contact Details

Company NameAnand Rathi Wealth Limited

How to apply for Anand Rathi Wealth Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

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