Anand Rathi Wealth Ltd
Anand Rathi Wealth Ltd (ANANDRATHI)

Anand Rathi Wealth Ltd (ANANDRATHI)

₹664.80.85%

Key Stats

₹660.05
Day's Price Range
₹666
₹542.05
52-Week Price Range
₹721.35
1 Month Return0.19 %
3 Month Return0.63 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 1
20.02
EPS
Rank 1
₹32.92
BVPS
Rank 2
₹82.58
Dividend Yield
Rank 1
ROE
Rank 1
37.99%
Price To Book Ratio
Rank 2
7.98
Debt To Asset
Rank 2
0.29

Company Information

The Company was originally incorporated in the name of Hitkari Finvest Private Limited on March 22 1995. It was thereafter renamed as AR Venture Funds Management Private Limited on 06 April 2005 which was later converted from a private limited company to a public limited company with the name AR Venture Funds Management Limited on 08 March 2007.Subsequently AR Venture Funds Management Limited was converted to a private limited company with the name AR Venture Funds Management Private Limited on 07 July 2015.Thereafter AR Venture Funds Management Private Limited was again converted to a public limited company with name AR Venture Funds Management Limited on 03 April 2017. Subsequently AR Venture Funds Management Limited was renamed as Anand Rathi Wealth Services Limited on 06 July 2017.Thereafter Anand Rathi Wealth Services Limited was renamed as Anand Rathi Wealth Limited on 07 January 2021.The company is engaged in providing wealth management services and services for Distribution and Sale of Financial products.The company is one of the few pure wealth and distribution services company in India catering to the HNI as well as the Ultra HNI segments offering various innovative financial products and investment solutions.The company offers two types of servicesi.private wealthwhere it manages Rs 29472 crore worth of assets under managementAUM as of second half of FY22 and purchase of nonconvertiblemarketlinked debenturesMLDs. As on 31 March 2021the company has three subsidiaries namelyi. AR Digital Wealth Private Limitedii. Freedom Intermediary Infrastructure Private Limited and Freedom Wealth Solutions Private Limited.On 08 August 2016the company has issued and allotted 6230464 bonus equity shares of Rs 10 each to the shareholders in the ratio of 32:1.On 14 August 2018the company has subdivided its face value of equity shares from Rs 10 to Rs 5.On 16 July 2021the company has issued and allotted 13872087 equity shares of Rs 5 each as bonus shares to the shareholders in the ratio of 1:2.During the month of December 2021the company came out with an IPO and mopped up Rs 660 crore which was entirely an offer for sale by promoters.The IPO shares were allotted at the price of Rs 550 per share including a premium of Rs 545 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India LtdNSE on 14 December 2021.
OrganisationAnand Rathi Wealth Ltd
HeadquartersMumbai
IndustryFinance