Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
The money raised through the Offer for Sale goes to existing investors, not the company.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
Anand Rathi Wealth Limited is a non-bank wealth solutions provider headquartered in Mumbai, part of the Anand Rathi Group. It ranked among the top three non-bank mutual fund distributors in India by gross commission earned during fiscal years 2019 to 2021. The company primarily serves affluent and high-net-worth clients through its flagship Private Wealth vertical, offering a mix of wealth advisory, financial product distribution and technology-enabled solutions. The company was incorporated in 2002 and has built a nationwide presence across major Indian cities, working through a team of relationship managers to service thousands of active client families. Assets under management grew at a strong pace between fiscal 2019 and fiscal 2021, driven by rising participation in market-linked savings and investment products among Indian households. A significant share of the company's revenue comes from distributing structured products and mutual funds, alongside its wealth advisory fees. Its business model is largely asset-light with the potential for operating leverage as AUM scales, and it benefits from the broader trend of financialisation of household savings in India, though its revenue remains sensitive to capital market cycles and regulatory changes affecting distribution commissions.
Ahead of the offer, the company raised approximately Rs 193.87 crore from 12 anchor investors across 19 mutual fund schemes, including SBI Mutual Fund, ICICI Prudential, Franklin Templeton, DSP Smallcap, Kotak Mutual Fund and Nippon Life at Rs 550 per share.
Source: RHP • Analysis provided for informational purposes
Last Updated: 20 July 2026, 5:30 AM
Asset-light wealth management model
The business earns fee and commission income without heavy capital deployment, giving it room for operating leverage as assets under management grow.
Beneficiary of rising financial savings
Growing participation of Indian households in market-linked savings and investment products has driven strong AUM growth for the company in recent years.
Established position among non-bank distributors
The company has consistently ranked among the top non-bank mutual fund distributors in India by commission earned, reflecting an established client and advisor network.
Revenue tied to market cycles
Since fee income is linked to the value of assets under management, a market downturn can directly reduce the company's revenue.
Exposure to regulatory changes in distribution fees
Regulatory revisions to mutual fund trail commissions have already pressured this revenue line and could continue to do so.
Concentration in group-sourced structured products
A large share of revenue comes from structured products sourced from a group NBFC, creating dependence on that related entity's continued performance.
Anand Rathi Wealth Limited
Floor 2, Block B and C, E Wing, Trade Link, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400013, Maharashtra, India
View on Maps →MUFG Intime India Private Limited
No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.
Competition from automated advisory platforms
Robo-advisory and other automated investment platforms present a growing competitive threat to traditional wealth management distribution.