About the Company:
ANAND RATHI Wealth Services is one of the leading non-bank wealth management services firms in India that caters to a large spectrum of clients through a mix of advisory, distribution and technology solutions.
Company is one of the few wealth management companies in India that caters to clients across mass affluent, HNI as well as the Ultra HNIs through various solutions ranging from personal service to technology and robo-advisory.
Company carry out the business through their three business verticals, namely Private Wealth Management (“PWM”), Digital Wealth Management (“DWM”) and Omni Financial Advisors (“OFA”).
Company’s total AuA (Assets under Administration) from their PWM and DWM business was Rs.169.97 billion, as on July 31, 2018. They operate with team strength of 514, 34 and 94 as on July 31, 2018 for their PWM, DWM and OFA verticals, respectively.
ANAND RATHI Wealth Services Ltd is part of the Anand Rathi Group, founded by Mr. Anand Rathi and Mr. Pradeep Gupta in the year 1994 with a focus on stock-broking services and subsequently, has expanded into a diversified financial services conglomerate in the country with presence in segments, including non-banking financial services, wealth management, stock broking, investment banking and insurance broking.
The Anand Rathi Group has expanded its geographical footprint and operates through 98 offices across India and the Middle East, which they service through business associates and representative offices/associate companies.
Company’s Business: (Company, its Subsidiaries and their activities are as detailed below:)
Company’s business verticals include Private Wealth Management (“PWM”), Digital Wealth Management (“DWM”) and Omni Financial Advisors (“OFA”) through which they provide advisory, distribution and technology solutions, as detailed below:
Private Wealth Management (PWM):
The PWM vertical caters to the Ultra HNI and HNI segments of their clientele. The revenue generating activities include distribution of mutual funds, sale of financial products and investment advisory fees.
As of July 31, 2018, the AuA (Assets under Administration) for their PWM business was Rs.167.02 billion with 3,653 active client families, which are serviced by a team of 208 Relationship Managers.
They are present across nine cities in India, namely, Mumbai, Bangalore, Delhi, Gurugram, Hyderabad, Kolkata, Chennai, Pune and Goa.
Digital Wealth Management (DWM):
Company’s digital platform offers integrated wealth management services by innovative use of technology to interact with clients and help them kick-start the process of building long term wealth via online/mobile based services delivered by our employees and client engagement partners.
Currently, Company offers these services through our mobile based application, ‘AR Wealth Management’. As of July 31, 2018, the AuA for their DWM vertical was Rs.2.95 billion with 1,978 clients and 72 client engagement partners.
Omni Financial Advisors (OFA):
It provides a technology platform for Independent Financial Advisors (“IFAs”) to service their clients and grow their business.
As of July 31, 2018, 4,923 IFAs had subscribed to the OFA platform. These IFAs handle over 1.86 million clients, with Platform Assets of Rs.557.26 billion as of July 31, 2018.
- Mr. Anand Rathi (Designation: Chairman and Non-Executive Director)
- Mr. Pradeep Gupta (Designation: Non-Executive Director)
- Mr. Amit Rathi (Designation: Managing Director)
Objectives of the Issue:
- Purchase and furnishing of office premises in and around Lower Parel, Mumbai, Maharashtra.
- Investment in the equity shares of their Subsidiary, ARWMPL, for upgradation and enhancement of software and other technology related expenses and further investment in the equity shares of its subsidiary, FIINFRA for upgradation and enhancement of software and other technology related expenses.
- General corporate purposes.
Peer Group Comparison:
As on date, there are no listed entities whose business portfolio is comparable with that of ANAND RATHI Wealth Services Ltd business and comparable to their scale of operations. Hence we cannot make any Comparison.
Financials of the Company:
|(in Crores)||FY 16||FY 17||FY 18|
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|Listing at||NSE & BSE|
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|Equity Shares Prior to the Issue||2,69,08,600|
|Equity Shares after the issue||Will be Updated|
|Finalization of Basis of Allotment||Will be Updated|
|Initiation of Refunds||Will be Updated|
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Subscription Details: (Will be Updated)
|(Subscription-Category-Wise (no. of times) Till time : 00:00)||Shares Offered||Day-1||Day-2||Day-3|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
|16.97||Will be Updated||59.02%||29.15|
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|Company Contact Info:|
|ANAND RATHI Wealth Services Ltd
4th floor, Silver Metropolis
Jai Coach Compound, Opposite Bimbisar Nagar
Goregaon (East), Mumbai 400063
Telephone: +91 (22) 4001 3700
|IPO Registrar Info:|
|Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra, India
Telephone: +91 (22) 4918 6200