The Anand Rathi Wealth Limited IPO GMP, lot size, share price will be discussed here. Anand Wealth Limited will commence its initial public offering on December 2, 2021. The business plans to raise Rs.660 crore through an Initial Public Offer (IPO) of 12,000,000 equity shares. Anand Rathi Wealth IPO Price is a well known mutual fund distributor in India with wealth management background. The firm is a subsidiary of the renowned Anand Rathi Group.
Anand Rathi Wealth Limited IPO GMP 2021
In 2021, the firm recorded sales of 279 crores, down from 336 crores in 2020. The price range for the IPO has been fixed at Rs 530 to 550 per equity share. Anand Rathi Wealth IPO will be listed on both NSE and BSE. Anand Rathi Wealth’s IPO Market Lot. The minimum market lot for Anand Rathi Wealth IPO is 27 shares, and the application fee is $14,850. Retail investors can apply for up to 13 lots (351 shares), with a total application amount of $193,050.
Anand Rathi Wealth Initial Public Offering (IPO) Date, Time Table, Allotment & Listing The IPO date for Anand Rathi Wealth is December 2, 2021, and the IPO closing date is December 6, 2021. The IPO may list on December 14, 2021, with an allotted date of December 9, 2021.
Disclaimer: IPO Gray Market Premium (Anand Rathi Wealth IPO GMP) mentioned is applicable only for the date specified in the title. In IPO gray market, we do not buy or sell IPO form. The cost rate is the profit earned by selling an IPO application (in an off-market transaction) to someone else before the issue is allotted or listed.
Do not subscribe to an IPO solely on the basis of premium price as it may change at any moment prior to listing. Only evaluate the company’s fundamentals when subscribing.
Anand Rathi Wealth IPO Today 2021
Focus on the unserved, high potential HNI niche.
Standardized solutions are provided to the clients based on a purpose-driven approach.
One of the top three mutual fund distributors in India.
Value added services should be given priority.
Using an entrepreneurial work culture to attract and retain talent
Marketing Strategies That Are Out of Common
Anand Rathi Wealth Allotment Date 2021
Anand Rathi Wealth is one of the leading non-bank wealth management organizations in India and among the top three non-bank mutual fund distributors in the country. Clients can choose from a wide range of technology solutions such as wealth management, financial product delivery and the organization provides. Its primary service offering
Its flagship is the private wealth (PW) vertical, which manages $294.72 billion in assets under management (AUM) as of August 31, 2021.
Through a workforce of 233 RM, the company’s PW segment serves 6,564 active customer families. In addition to the PW vertical (OFA), the firm also has two additional new-age technology-based business verticals, Digital Wealth (DW) and Omni Financial Advisors. With emphasis on the growing HNI category, the firm has established a dominant position in the distribution of financial commodities. Presently, the organization operates at 11 locations across India.
Footprint and Growth – They believe that the HNI customer segment (whose net worth is between $50 million and $500 million) is both attractive and underserved in terms of service quality. Developing a system to accommodate this group is time-consuming and difficult.
As of March 31, 2021, 52.33 per cent of their customers were with us for more than three years, which is 72.19 per cent of their total PW AUM, proving their company’s superiority in customer vintage and AUM.
Mumbai, Bengaluru, Delhi, Gurugram, Hyderabad, Kolkata, Chennai, Pune, Chandigarh, Jodhpur and Noida are the 11 Indian cities with their offices, as well as a representative office in Dubai.
Anand Rathi Wealth IPO Lot Size
It would be impossible to estimate the impact of the COVID-19 outbreak on their business and operations.
Their ability to sustain AUM growth and the efficacy of the funds they distribute determine their financial product distribution and sales revenue. As a result of regulatory changes, some changes in the total expense ratio may fall into their distribution commission revenues.
Non-compliance with legal requirements and instructions/comments of government agencies during inspection can seriously negatively impact their company.
Competition from existing and new market competitors in their business can have an impact on their market share.
Anand Wealth IPO Date 2021
Their distribution agreement with AMC may be terminated at any time with or without notice, or by reason of their failure to comply or perform.
The strength and reputation of the Anand Rathi brand and other Anand Rathi Group enterprises have an impact on their results.
Legal proceedings are underway against his firm, subsidiaries, promoters, directors and group entities which, if successful, could have a serious impact on their operations.
Security breaches involving the sensitive information of their customers, which they store, could damage their image.
If they cannot conduct an acceptable level of internal scrutiny, they may not be able to properly manage or report their financial risks.