Let’s have a detailed review of the company and analytics of the Anand Rathi Wealth Services IPO release date, IPO offer price, subscription, Anand Rathi Wealth Services Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Face ValueRs 10
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs Million
IPO SizeRs Million
Tick Size1

Anand Rathi Wealth Services IPO is listed at [●] premium. Check out the live share price by clicking on the below link.

Live Performance-Anand Rathi Wealth Services Share Price

Anand Rathi Wealth Services IPO – Summary

Anand Rathi Wealth Services IPO

Anand Rathi belongs to the fraternity of full service, financial services rending firm. They are into financial and investment services, looking out for the financial needs of investors.

They have a hub of financial services offering, alongside majority of financial instruments and products. This stock broking firm has expanded beyond the horizon of this nation, covering 1200 locations including Dubai. Anand Rathi has multiple branches, sub brokers, remisers, and representative offices or associate companies.

The Promoter of this company is Mr. Manish Kumar Dabkara. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


Anand Rathi Wealth Services IPO Date

The opening and the closing date of IPO of Anand Rathi Wealth Services Limited is not available yet.


Anand Rathi Wealth Services IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Anand Rathi Wealth Services IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Anand Rathi Wealth Services Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Anand Rathi Wealth Services IPO Price Band / Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


Anand Rathi Wealth Services IPO Equity Size

This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


Anand Rathi Wealth Services IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] equity Shares of Rs.10/ each.

Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million


Anand Rathi Wealth Services IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Anand Rathi Wealth Services Share Price

Anand Rathi Wealth Services IPO Grey Market Premium

The Anand Rathi Wealth Services Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Anand Rathi Wealth Services IPO – Company Overview

Founded by Mr. Anand Rathi, this firm has an entire gamut of financial services offerings. Their product line up ensures to fulfil all the needs of every kind of investor.

Their service offering include wealth management, investment banking, corporate finance & advisory, brokerage and distribution. The financial products they deal in, i.e. the securities are equities, commodities, mutual funds, structured products, insurance, corporate deposit, bonds and loans to institutions, corporations, high net worth individuals and more.

Anand Rathi is a successful and huge company, which is an employment source for 2,500 professionals. They have massively expanded and provide efficient financial services.


Anand Rathi Wealth Services IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Million)
30-Jun-2031-Mar-20Mar-1931-Mar-18
Total Assets
*Total Revenue
Total Expense
Profit After Tax

Earnings per Equity Share (in Million)

30-Jun-2031-Mar-20Mar-1931-Mar-18
Basic & Diluted

 

Further, their PAT for the period ended on June 30, 2020, March 31, 2020, March 31, 2019 and March 31, 2018 were Rs. 135.51 Millions, Rs. 447.45 Millions, Rs. 68.04 Millions and Rs. 26.91 Millions respectively.


Anand Rathi Wealth Services IPO – Promoters

The Promoter of this company is:

List of Related Parties (Key Managerial Personnel)

  • Mr. Manish Kumar Dabkara, Chairman & Managing Director
  • Mr. Naveen Sharma, Chief Financial Officer
  • Mr. Babita Kumawat, Company Secretary and Compliance Officer

Anand Rathi Wealth Services IPO – Promoters Holding

 


Anand Rathi Wealth Services IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to X Equity Shares aggregating up to Rs.[●] Million
of which:
Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
Million
Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
Million
Of which:
Retail Investors Portion Not less than [●] Equity Shares
Other than Retail Individual InvestorsNot more than [●] Equity Shares
 Equity Shares outstanding prior to the IssueX Equity Shares
 Equity Shares outstanding after the IssueX Equity Shares

Anand Rathi Wealth Services IPO Issue Object

Their Company proposes to utilise the Net Proceeds towards funding the following objects:

1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses

Anand Rathi Wealth Services IPO – Business Strategy

  • Focus on Consultancy Business and spreading awareness about carbon neutrality
  • Increase the use of technology to improve operational efficiency
  • Expanding their customer base
  • Creating awareness to reduce carbon emissions

Anand Rathi Wealth Services IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Quality Assurance, timely payment and delivery
  • Broad customer base and Strong relationships with their customers
  • Multiple Business verticals under one roof
  • Qualified management team and employee base

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-20
31-Mar-19
Mar-18

Anand Rathi Wealth Services IPO: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Crores)
Anand Rathi Wealth Services Limited10[●]8.8673.1120.43
Listed Peers
Mitcon Consultancy and
Engineering Services Limited
1012.463.133.91%42.72

Anand Rathi Wealth Services IPO Lead Managers

Lead Managers

Anand Rathi Wealth Services IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
Address:-1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400059
Tel No.:+91-022-62638200
Fax No.: +91-022-62638299
Website:www.bigshareonline.com
Email:ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com

Anand Rathi Wealth Services IPO – Other Details

  • Statutory Auditor – NA
  • Legal Counsel to the Company – NA
  • Bankers to the Company –  NA


Anand Rathi Wealth Services IPO Review by Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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    Anand Rathi Wealth Services IPO Review FAQs

    Ques – What is the Issue Size of Anand Rathi Wealth Services IPO?

    Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.

    Ques – What is the Price band of Anand Rathi Wealth Services IPO?

    Answer – The price band for this particular IPO, i.e. Anand Rathi Wealth Services IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.

    Ques – What is the Anand Rathi Wealth Services IPO Open Date?

    Answer – The opening and closing date for Anand Rathi Wealth Services IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

    Ques – What is the Anand Rathi Wealth Services IPO Allotment Date?

    Answer – We also have the news regarding the respective allotment dates of Anand Rathi Wealth Services IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA and share listing date is on NA.

    Ques – What is the Anand Rathi Wealth Services IPO Listing Date?

    Answer – Shares of Anand Rathi Wealth Services shall be listed in the exchanges NA. Date when the listing would be done is stagnant on NA.

    Ques – Who is the Registrar of Anand Rathi Wealth Services IPO?

    Answer – One of the reputed registrars are managing the issue of Anand Rathi Wealth Services IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on a lookout for.

    Ques – Who is the Promoter of Anand Rathi Wealth Services IPO?

    Answer – Here are the promoters of Anand Rathi Wealth Services – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

    Ques – What is GMP of Anand Rathi Wealth Services IPO?

    Answer – We have obtained the GMP of Anand Rathi Wealth Services IPO and it is NA. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.

    Ques – Is Anand Rathi Wealth Services IPO good for Investment?

    Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

    Ques – What is the PAT of Anand Rathi Wealth Services Company?

    Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Million is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.


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