Anand Rathi Wealth Limited IPO GMP, Lot Size, Share Price will be discussed here. Anand Wealth Limited will launch its initial public offering on December 2, 2021. The business plans to raise 660 crores via an initial public offering (IPO) of 12,000,000 equity shares. Anand Rathi Wealth IPO Price is a renowned mutual fund distributor in India with a 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 is set at 530 to 550 per equity share. The Anand Rathi Wealth IPO will be listed on both the NSE and the BSE. IPO Market Lot of Anand Rathi Wealth. The minimum market lot for the Anand Rathi Wealth IPO is 27 shares, and the application fee is $14,850. Retail investors may 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, and Listing The IPO date for Anand Rathi Wealth is December 2, 2021, and the IPO closure date is December 6, 2021. The IPO may list on December 14, 2021, with an allotted date of December 9, 2021.
Disclaimer: The mention of IPO Grey Market Premium (Anand Rathi Wealth IPO GMP) is only applicable for the date specified in the heading. On the IPO Grey Market, we do not purchase or sell IPO forms. The Kostak 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 based only on the premium price since it may alter at any moment before the listing. Only evaluate the company’s fundamentals while subscribing.
Anand Rathi Wealth IPO Today 2021
Concentrate on the underserved, high-potential HNI niche.
Clients are supplied with standardized solutions based on an objective-driven approach.
One of India’s top three mutual fund distributors.
Value-added services should be prioritized.
Using an entrepreneurial work culture to attract and retain talent
Marketing strategies that are out of the ordinary
Anand Rathi Wealth Allotment Date 2021
Anand Rathi Wealth is one of India’s major non-bank wealth management organizations and one of the country’s top three non-bank mutual fund distributors. Clients may choose from a broad range of wealth management, financial product distribution, and technological solutions the organization offers. Its primary service offering i
s its flagship Private Wealth (PW) vertical, which manages 294.72 billion dollars in assets under management (AUM) as of August 31, 2021.
Through a staff of 233 RMs, the company’s PW segment serves 6,564 active client families. The firm also has two additional new-age technology-led business verticals, Digital Wealth (DW) and Omni Financial Advisors, in addition to the PW vertical (OFA). With an emphasis on the increasing HNI category, the firm has established a dominating position in distributing financial goods. Currently, the organization operates in 11 locations throughout India.
Footprints and Growth – They believe that the HNI customer segment (those with a net worth of between $50 million and $500 million) is both enticing 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 percent of their Clients had been with us for more than three years, accounting for 72.19 percent 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 11 Indian cities where they have offices, as well as a representative office in Dubai.
Anand Rathi Wealth IPO Lot Size
It will be impossible to anticipate the effect of the COVID-19 outbreak on their business and operations.
Their capacity to sustain AuM growth and the efficacy of the money they distribute determine their financial product distribution and sale revenues. As a consequence of regulatory changes, certain changes in the total expense ratio may fall in their distribution commission revenue.
Noncompliance with legal requirements and government agencies’ directions/observations during inspections might severely negatively affect their company.
Competition from existing and new market rivals in their business may have an impact on their market share.
Anand Wealth IPO Date 2021
Their distribution agreements with AMCs may be terminated at any moment, with or without notice, or due to their failure to comply or perform.
The strength and reputation of the ANAND RATHI brand and the other Anand Rathi Group enterprises have an impact on their results.
There are ongoing legal proceedings against their firm, subsidiaries, promoters, directors, and group entities that, if successful, might have a severe influence on their operations.
Security breaches involving their customers’ sensitive information, which they store, might harm their image.
If they cannot maintain an acceptable degree of internal checks, they may not be able to manage or correctly report their financial risks appropriately.
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