CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

India’s Anand Rathi Wealth raises $25.85m ahead of IPO

By Vinu Lal

03:00, 3 December 2021

Businessman's hand showing financial report on table
The wealth management firm allocated 3.5 million shares to 12 anchor investors – Photo: Shutterstock

One of India’s leading non-bank wealth solutions firms, Anand Rathi Wealth, raised INR1.94bn ($25.85m) from 12 private investors ahead of its planned initial stake sale of shares to the public, the company said in an exchange update on Wednesday.

The company allocated 3.5 million shares at INR550 a share to the anchor investors on Wednesday.

SBI Mutual Fund, ICICI Pru Mutual Fund, Franklin Templeton Mutual Fund, DSP Mutual Fund, Kotak Mutual Fund, Invesco Mutual Fund, Canara Robeco Mutual Fund, Nippon Mutual Fund, Abakkus and Quant Mutual Fund were among the investors in the pre-initial public offering (IPO) fund-raise.

Out of the total allocation of 3.5 million shares, 3.2 million were allocated to mutual funds through schemes totalling INR1.74bn, or 89.59%, of the total anchor book size.

Entire offer for sale

Anand Rathi Wealth had earlier fixed a price band of INR530–INR550 a share for its IPO, which opened today and will close on Monday. The firm would raise up to INR6.6bn at the upper end of the price band.


1.26 Price
-0.380% 1D Chg, %
Long position overnight fee -0.0046%
Short position overnight fee -0.0036%
Overnight fee time 22:00 (UTC)
Spread 0.00130


0.66 Price
-0.390% 1D Chg, %
Long position overnight fee -0.0072%
Short position overnight fee -0.0011%
Overnight fee time 22:00 (UTC)
Spread 0.00050


1.08 Price
-0.300% 1D Chg, %
Long position overnight fee -0.0080%
Short position overnight fee -0.0003%
Overnight fee time 22:00 (UTC)
Spread 0.00050


145.00 Price
+0.560% 1D Chg, %
Long position overnight fee 0.0113%
Short position overnight fee -0.0195%
Overnight fee time 22:00 (UTC)
Spread 0.090

The IPO is an entire offer for sale (OFS) of up to 12 million shares by investors Anand Rathi Financial Services and Rawal Family Trust, and individuals including Anand Rathi, Pradeep Gupta, Amit Rathi and Priti Gupta among others, according to its red herring prospectus (RHP )or early papers.

Mutual fund distributor Anand Rathi Wealth had commenced activities in fiscal 2002 and now provides a mix of wealth solutions, financial product distribution and technology solutions. The company has been ranked amongst one of the top three non-bank mutual fund distributors in India by gross commission earned in financial years 2020-21, 2019-20 and 2018-19, the RHP said, quoting a CARE Advisory Research.

From 31 March 2019 till 31 August 2021, its asset under management grew at a compounded annual growth rate of 22.74% to INR302.09bn.  Equirus Capital, BNP Paribas, IIFL Securities and Anand Rathi Advisors are the managers of the offer.

Read More: India’s budget deficit reaches 36.3% of target in 7 months

Related topics

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading