Anand Rathi Wealth IPO GMP : Anand Rathi Wealth IPO Quote, Date, Price
The company is one of the leading non-bank wealth solutions firms in India and have been ranked amongst the top three non-bank mutual fund distributors in India by gross commission earned in Fiscal 2020 (Source – CARE Advisory Research). It serves a wide spectrum of clients through a mix of wealth solutions, financial product distribution and technology solutions.
It provides services primarily through its flagship Private Wealth (“PW”) vertical where it manages Rs. 26.058 billion in AuM as on March 31, 2021.
The company’s AuM is a sum of
(i) all third-party assets that generate commissions or incomes, which could be upfront and/or on a trail basis and
(ii) custody assets of the Clients (It do not include clients that merely have a custody account i.e. a demat account with the company, but have no wealth assets such as mutual funds).
Its AuM does not include the value of the promoter holdings in companies in its AuM even though it may be in the Anand Rathi Group’s custody.
Price Range: Rs. 530 – 550
Minimum Investment: Rs.14310
Minimum Quantity: 27
The Floor Price is 106 times of the face value and Cap Price is 110 time of the face value of the equity shares.Bids can be made for a Minimum of 27 Equity Shares and in Multiples of 27 Equity Shares thereafter.
|Offer End||:||6 Dec 2021|
|Allotment Finalisation||:||9 Dec 2021|
|Refund Initiation||:||10 Dec 2021|
|Listing||:||14 Dec 2021|
4thFlr Silver Opp Bimbisar Ngr Silver Metropolis Jai Coach Mumbai
Phone – 91-22-4001 3700
Fax – 91-22-4001 3770
Email – email@example.com
Website – www.arwealth.in