Anand Rathi Wealth, headquartered in mumbai provide wealth management, financial product distribution, and technological services to a diverse group of clients. The company provides services primarily through its flagship Private Wealth (PW) vertical where it manages ₹ 294.72 Bn in AuM as of August 31, 2021. The company's PW vertical caters to 6,564 active client families, through a team of 233 RMs. In addition to the PW vertical, the company has 2 other new-age technology-led business verticals, i.e., Digital Wealth (DW) and Omni Financial Advisors (OFA).

They now have offices in 11 Indian cities, including Mumbai, Bengaluru, Delhi, Gurugram, Hyderabad, Kolkata, Chennai, Pune, Chandigarh, Jodhpur, and Noida, as well as a representative office in Dubai.

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Company Financials:



Anand Rathi IPO Details:



Anand Rathi IPO Tentative Timetable:

The Anand Rathi IPO open date is Dec 2, 2021, and the close date is Dec 6, 2021. The issue may list on Dec 14, 2021.



Anand Rathi IPO Lot Size:

The Anand Rathi IPO market lot size is 27 shares. A retail-individual investor can apply for up to 13 lots (351 shares or ₹193,050).

Anand Rathi IPO Promoter Holding

• Pre-Issue Share Holding = 74.73%
• Post-Issue Share Holding = 48.82%

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.