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Anand Rathi IPO – Which listed peers offer better value than this issue?

Anand Rathi Wealth is among the top 5 non-bank mutual fund distributors in India in terms of gross commission earned in FY21

December 02, 2021 / 01:23 PM IST
Anand Rathi IPO – Which listed peers offer better value than this issue?

The average household in Denmark had 1.88 million Danish krone ($300,000) in financial assets as of the fourth quarter of 2020.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The initial public offering (IPO) of Anand Rathi Wealth opens for subscription today (December 2). The issue size of Rs 660 crore entirely consists of an offer-for-sale from the promoters and some of the existing shareholders. The IPO of the non-bank wealth solutions firm comes at a time when activities in the primary market are at a peak. Given the euphoria and the relatively small issue size, the IPO is likely to pull in a number of investors and may...

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