IPO Alert: Anand Rathi Wealth Ltd.

Incorporated in 1995, ARWL is one of the leading non-bank wealth solutions firms in India and has been ranked amongst the Top-3 non-bank mutual fund distributors in India. The company distributes mutual fund schemes managed by asset management companies and earns distribution commissions on a trail basis from asset management companies.

Bid/Offer Opens OnThursday, 02-Dec-21
Bid/Offer Closes OnMonday, 06-Dec-21
Price BandRs. 635 - Rs. 659 per equity share
Lot Size27 Shares

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The below table has important dates with respect to the IPO allotment and listing.

Finalization of Basis of Allotment09-Dec-21
Initiation of Refunds10-Dec-21
Credit of Shares to Demat Acct13-Dec-21
IPO Shares Listing Date14-Dec-21
UPI mandate expiry date15-Dec-21

How to Check Allotment Status

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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