Anand Rathi Wealth IPO – Review

Anand Rathi Wealth Limited – one of the leading non-bank wealth solutions firms in India – is planning to raise INR 660 Cr via IPO [0 Cr Fresh Issue + 660 Cr OFS]

Anand Rathi Wealth: Company Profile

Anand Rathi Wealth Limited, registered with AMFI as a Mutual Fund Distributor, has, since 2002, been in the business of Private Wealth, catering to HNIs and UHNIs.

The Company is one of the prominent non-bank wealth solution providers and has been positioned amongst the top 3 non-bank MF distributors in India (by gross commission earned in Fiscal 2020).

Anand Rathi Wealth: Business

The Company deals an extensive range of product portfolio of (1) wealth solutions, (2) financial product distribution, and (3) technology solutions to its customers.

The company manages INR 29472 Cr of AUM as of August 31, 2021. The company’s Private Wealth business caters to 6,564 active clients, through a team of 233 Relationship Managers.

In addition to the Private Wealth vertical, the company has two other new-age tech-led business verticals, i.e., Omni Financial Advisors (OFA) and Digital Wealth (DW).

Important Read: TEGA INDUSTRIES LIMITED IPO

Company Strengths:

• Focus on value-added services
• Standardized solutions offered to customers based on an objective-driven approach
• Focus on the underserved HNI segment of great market potential
• Unique marketing initiatives

Company Promoters:

Mr. Anand Rathi,

Mr. Pradeep Gupta, and

Anand Rathi Financial Services Limited

IPO Opening / Closing Date

IPO Details – Price, Minimum Bid and Other

CONCLUSION

Considering company’s valuation, financial parameters, and the sector potential, FinBlab recommends SUBSCRIBE ratings on Anand Rathi Wealth Limited IPO

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.