Anand Rathi Wealth gives more than 9% Listing Gain to investors, Makes Debut at Rs. 602

5 August 2022
4 mins read
by Angel One
Anand Rathi Wealth gives more than 9% Listing Gain to investors, Makes Debut at Rs. 602

Today, on the 14th of December 2021, the shares of the private wealth management company, Anand Rathi Wealth, are listed on the stock exchanges at Rs. 602, giving profits of more than 9% on the issue price of Rs. 550.

Private wealth is a type of investment management service that offers clients a suite of products and services that includes wealth management, private debt, and market-linked debentures.

Let us look at how the Anand Rathi Wealth share price today performed in the first one hour after its listing at 10 AM on both, BSE and NSE.

Summary of First Hour Trading

The shares of Anand Rathi Wealth are listed on the National Stock Exchange at Rs. 601.95 with over 9% gain over its issue price of Rs. 550. During the first one hour itself, the stock price made a high of Rs. 614.90. After recording the high price, the share witnessed some sell-off which took it to the low of Rs. 565.85 within the first hour itself.

As witnessed on the Bombay Stock Exchange, the Anand Rathi Wealth stock price showed similar performance. It opened slightly higher than the NSE opening price at Rs. 608. Later, the price made a high of Rs. 614.95 and fell to the issue price of Rs. 550. A fresh set of entrants made the purchase when the Anand Rathi Wealth stock price today hit the issue price, taking it higher again to trade around Rs. 580.

As of 11:30 AM on 14th December 2021, the Anand Rathi Wealth share price is trading at Rs. 584.50 on NSE.

About the Company

Anand Rathi Wealth is a wealth solutions firm that provides a variety of products and services to its clients. The company is part of the Srei Group, which is India’s largest non-bank financial services firm.

They are the leading distributor of financial products in India. The company has a strong presence in the HNI segment and has a robust pipeline of products.

Subscription Summary

The offering of Anand Rathi Wealth began on 2nd December 2021 and ended on 6th December 2021. In the three days, the initial public offering of Anand Rathi Wealth managed to fetch about 9.8 times subscription from the investors. The below table displays how the subscription status turned out.

Participants Day 1 Day 2 Day 3
QIB 0.01 times 0.17 times 2.5 times
NII 1.93 times 3.06 times 25.42 times
Retail 2.45 times 4.78 times 7.77 times
Employees 0.42 times 0.67 times 1.32 times
Total 1.6 times 3.01 times 9.8 times

At the end of the first day on 2nd December, the subscription was marked 1.6 times only. With an increase in the subscription on the second day to more than 3 times, the issue closed on 6th December totaling up to 9.8 times subscription.

Key Takeaways

  • The subscription for the first public issue of Anand Rathi was at a decent level of 9.78 times on December 2-6. Non-institutional buyers outshone the qualified institutional investors.
  • The company has raised around 660 crores through its public issue, which was mainly an offer-for-sale by promoters where the issue price ranged between Rs. 530 and Rs. 550.
  • The company’s objective is to provide a comprehensive and unbiased approach to the HNI segment. With a focus on the lesser-priced end-market, it has a good financial performance.
  • The AUM of the company is huge and they have maintained a healthy financial position as showcased by the financial ratios as per the audited books of accounts.



Who were the lead managers in Anand Rathi Wealth IPO?

The lead managers in Anand Rathi Wealth IPO were Anand Rathi Securities, BNP Paribas, Equirus Capital, and IIFL Securities.

What was the objective of Anand Rathi Wealth IPO?

The objective for listing on the stock exchanges was to get normal listing benefits like liquidity and goodwill which naturally comes when the stock starts to trade on the bourses.

What is the face value of Anand Rathi Wealth Share?

The FV of Anand Rathi Wealth share is set at Rs. 5 per unit.