Anand Rathi wealth is the wealth management arm of Anand Rathi FInancial Services. Ahead of IPO, Anand Rathi Wealth raises Rs. 194 Crore from anchor investors. This article covers all the points you should know to invest in Anand Rathi Wealth Limited IPO.
List of Topic Covered
Key Features of Anand Rathi Wealth IPO
- Anand Rathi Wealth Limited IPO will open on 2nd Dec 2021
- You can apply in this IPO from 2nd Dec 2021 to 06th Dec 2021
- Issue Price band of the company is Rs. 530 – 550 per equity share.
- This IPO comprises only an offer for sale (OFS) of approx 1,20,00,000 equity shares by promoters and existing shareholders.
- It has a minimum 27 shares in one lot and you have to spend a minimum ₹14,850 for 1 lot.
- Anand Rathi Wealth Limited is looking to raise ₹ 660 crore through this IPO.
Grey Market Premium of ARWL IPO GMP
Grey market is an unregulated market to trade ipo shares before listing. Anand Rathi Wealth IPO price band is placed at ₹ 530 – ₹ 550 but the grey market premium of ARWL share is currently 11% up i.e. at ₹ 62. So the share price of ARWL IPO in grey market is ₹ 612 (550 + 62).
ARWL IPO Live Subscription Status
Anand Rathi IPO Subscribed 3.02 times overall. Retail quota subscribed 4.77 times, QIB category subscribed 0.17 times and NII category subscribed 3.06 times by Dec 3, 2021.
What is Anand Rathi Wealth Limited
- Anand Rathi wealth is the wealth management arm of Anand Rathi FInancial Services.
- Established in 2002, it’s one of the leading non-bank wealth solutions in India catering to high and ultra high net worth individuals.
- The company provides services that include Wealth Management, Investment Banking, Corporate Finance, and Advisory, Broking, and Distribution services.
- Anand Rathi Wealth is the 3rd leading mutual fund distributors in India.
- They have Rs. 30,209 Crores of assets under management (AUM) with 6109 HNIs & UHNIs clients.
- Company provides services through its flagship called Private wealth and Digital wealth.
- Anand Rathi is the founder and chairman of the company. Rakesh Rawal is the CEO of the company.
- Company is consistently in profits and shows good revenue numbers in last three years of 2019, 2020 and 2021.
ARWL IPO Conditions to know before Investing, Date, Lot Size, Allotment
| IPO Start Date | 02 December 2021 |
| IPO Close Date | 06 December 2021 |
| Share Allotment Date | 09 December 2021 |
| Refunds Date | 10 December 2021 |
| Credit to Demat Account Date | 13 December 2021 |
| IPO Listing Date | 14 December 2021 |
| Fresh Equity Share Issue | NA |
| Offer For Sale (OFS) Equity Share | Approx 1,20,00,000 Equity Share |
| Face Value | ₹ 5 Per Equity Share |
| Price Band | ₹ 530 – ₹ 550 Per Equity Share |
| Retail Quota Share | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Listing on | NSE & BSE |
| Minimum Lot Size | 27 Share in 1 Lot |
| Minimum Amount | ₹ 14,850 For 1 Lot |
| Maximum Lot Size | 351 Shares (13 Lot) |
| Maximum Amount | ₹ 193,050 (For 13 Lot) |
| Employee Discount | NA |
How to Apply in Anand Rathi Wealth IPO
- You can apply for the Anand Rathi Wealth IPO through the ASBA facility available in your bank account.
- Just login to your online banking. GO to the IPO section and apply for Anand Rathi Wealth Limited (ARWL)
- Also you can apply this IPO through your trading account
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
Anand Rathi Wealth Financial Report of 2019,2020 & 2021
Company has posted good profit numbers and revenue consistently in 2019, 2020 & 2021. It shows the company’s strength.
| Year | Assets | Revenue | Expense | PAT (Profit After Tax) |
| 2021 | ₹ 339 | ₹ 279 | ₹ 216 | ₹ 45.41 |
| 2020 | ₹ 409 | ₹ 336 | ₹ 249 | ₹ 60.55 |
| 2019 | ₹ 231 | ₹ 284 | ₹ 201 | ₹ 58.21 |
Retail Investors, QIB & NII quota in Anand Rathi Wealth IPO
Anand Rathi Wealth IPO’s 50% quota is reserved for the QIB category. 15% quota is reserved for NII Category and 35% quota is reserved for retail investors.
Anand Rathi Wealth IPO Promoters
- MR. ANAND RATHI
- MR. PRADEEP GUPTA
- ANAND RATHI FINANCIAL SERVICES LIMITED
How to apply for the ARWL IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Anand Rathi Wealth IPO (ARWL)
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the ARWL IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Anand Rathi Wealth IPO (ARWL)
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Allotment Status For Anand Rathi Wealth IPO
You can check Anand Rathi Wealth IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
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I hope this covers all the points on Anand Rathi Wealth IPO. Please feel free to ask any question or doubt in the comment box. We will get back to you immediately.