Anand Rathi Wealth IPO subscription to start from December 02, Thursday and it will close on December 06, 2021, The ARWL IPO retail quota is 35%, QIB is 50% and HNI is 15% quota. The company to raise ₹660 crores via IPO at a price band of ₹530 to ₹550. The minimum bid for the IPO is 27 shares that cost ₹14,850 for 1 lot. The grey market is trading at a fair level of around ₹100 and we might see the premium listing, as well as the market, might recover soon. Anand Rathi Wealth is One of the leading mutual funds distributors in India with vast experience in the field but their peers group are doing well. The company reported ₹279 crores of revenues in 2021 against ₹336 crores in 2020. The financial reports are positive but lower down in 2021. Please check the Anand Rathi Wealth IPO details over here.
IPOWatch View
We recommend investors apply for an IPO with long-term gain. Investors should look at the QIB and HNI numbers as well as Anand Rathi Wealth grey market premium movement before investing. You can check the Anand Rathi Wealth IPO allotment status here.
Anand Rathi Health IPO Subscription Status (Find Data)
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.01 | 0.17 | 2.50 |
| NII | 1.93 | 3.06 | 25.42 |
| RII | 2.45 | 4.77 | 7.75 |
| EMP | 0.42 | 0.66 | 1.32 |
| Total | 1.60 | 3.02 | 9.78 |
Anand Rathi Wealth IPO Date & Price Band
| IPO Open: | 02 December 2021 |
| IPO Close: | 06 December 2021 |
| IPO Size: | Approx ₹660 Crores |
| Fresh Issue: | Approx ₹- Crores |
| Offer for Sale: | Approx 12,000,000 Equity Shares |
| Face Value: | ₹5 Per Equity Share |
| Price Band: | ₹530 to ₹550 Per Equity Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | ₹25 for Employees |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Anand Rathi Wealth IPO Market Lot
The Anand Rathi Wealth IPO minimum market lot is 27 shares with ₹14,850 application amount. The retail investors can apply up-to 13 lots, 351 shares with ₹193,050 application amount.
| Minimum Lot Size: | Minimum 27 Shares for 1 lot |
| Minimum Amount: | ₹14,850 for 1 lot |
| Maximum Lot Size: | Maximum 351 Shares for 13 lot |
| Maximum Amount: | ₹193,050 for 13 lot |
Anand Rathi Wealth IPO Time Table
The Anand Rathi Wealth IPO date is 02 December 2021 and the IPO close date is 06 December 2021. The allotment date is 09 December 2021 and the IPO may list on 14 December 2021.
| Price Band Announcement: | 29 November 2021 |
| Anchor Investors Allotment: | 01 December 2021 |
| IPO Open Date: | 02 December 2021 |
| IPO Close Date: | 06 December 2021 |
| Basis of Allotment: | 09 December 2021 |
| Refunds: | 10 December 2021 |
| Credit to Demat Account: | 13 December 2021 |
| IPO Listing Date: | 14 December 2021 |
Anand Rathi Wealth IPO Subscription FAQs:
When Anand Rathi Wealth IPO Subscription will start?
The IPO subscription starts on December 02, 2021 for QIB, NII, and Retail Investors.
How much is Anand Rathi Wealth IPO subscribed?
The IPO subscribed 3.02 times on day 2.
What is Anand Rathi Wealth IPO Retail subscription status?
The RII subscription is 4.77 times on day 2.
How to subscribe to Anand Rathi Wealth IPO?
You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.
How to Apply the Anand Rathi Wealth IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Anand Rathi Wealth”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the Anand Rathi Wealth IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Anand Rathi Wealth”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.
>How do I check live Anand Rathi Wealth IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE websites. One can check the live subscription on BSE or NSE website on the particular IPO page.
