Anand Rathi Wealth Limited IPO Message Board (Page 6)

enployees quota is crossed . even employee invested 15 crore in this ipo. they are insider of the company. it seems employee have faith in this ipo.

aray ray ray.. QIBs still not filled.

What is the latest GMP ?

Seller 24

you have a link on top of this page. click and you will come to know

Hi, I am a newbie. Till what time does ICICI Bank accept application as HNI if I am applying for a Zerodha Broking demat account ?

don''t apply but if u must, icici accepts appl through its portal till 4.30pm

HNI cutoff at ICICIDirect is 3:00 pm (usually)
RII cutoff at ICICIDirect is 4:30 pm

Yesterday it looked - bhagte bhut se langooti bhali !
Today it appears - langooti utar ne me risk he !

Fir , ek adh bhar denga.

Tightened ones shoes also

@ cautious
Pardon !

Finally IPO sail through.
QIB - 0.95x at 2.40 PM

The Crow Verdict: As a wealth management company and mutual fund distributor, profit margins are primarily dependent on commissions. Other revenue sources are its tech products such as debentures, Digital Wealth, and financial advisor platform, both of which are burgeoning. At a time when investors are going DIY and opting for Direct mutual funds, you might think this company has no relevance. But the thing is HNIs and UHNIs don''t care about the expense ratio of mutual funds. They just consider it as a fee for their wealth management. And India is only seeing a rise in its list of rich people. Revenue from such commissions stood at 34% of total in ''21. In that case, the business seems okay and the company seems strong. Despite the few "usual" criminal proceedings and litigations against it.

However, this IPO is pure OFS, which means not a single paisa will go to the company. That requires us to be more critical of the company. Valuation is pretty strict and not much has been left on the table. With a steep PE of 50.7 (against peer IIFL''s 28.4) when it faced a poor show this year, I feel this won''t give any listing pop. Plus, the 35% retail quota will further dampen things as on listing retail investors will be left holding the bag.

Like Star Health, this has a good management. Like ABSLAMC, this has a fair business with low profit margins. But like CarTrade and Paytm, this is asking for huge valuations. Odds of discount listing are high, especially in this volatile market. Risk-takers who don''t mind converting to positional traders may enter via retail applications by looking at the subscription numbers after 3 PM.

Red flags: 8 out of 13 parameters. I will apply with my only 2 retail accounts via UPI at 4 PM and then accept the mandate after 5 PM.

Why one should choose ARWL over IIFL Wealth?

As a Duck, I back and agree with Crows view and commentary. Kaav-Kaav. Quack-Quack.

Qualified Institutional Buyers (QIBs)      0.36
Non Institutional Investors(NII)      10.05
Retail Individual Investors (RIIs)      6.1
Employee Reserved      1.03
Reservation PortionShareholder      0
Total      5.17

Muddaii Sustt....

Gawah Chustt...

HNIs are much ahead of the QIBs...

Clear Avoid

i m avoiding as subscription figures r not good till 2.21 pm last day......

Another flop show.. And again retailer not learning..

Applied in two accounts.

Seems it is going on expected lines...avoiding it.
I asked myself ...why should I apply in this.
1. For listing Gain?.... GMP crashing, Valuations expensive, Subscription numbers disappointing. At the most it looks most likely a flat listing if not negative. So NO listing gain expected here.
2. For long term investment? They are aiming for P/E 50+ based on earnings of March end 2021.
For year end Mar 2022, the annualised earnings give a picture of P/E being 18. Thats nearly 3 times jump in profits. Why shouldnt I believe its been sweetened fo the IPO?
Moreover a bigger, better listed peer IIFL Wealth Management is already there in the market with Mar 2021 end P/E of 36 and Mar 2022 end annualised P/E 24.
How can AR think it can list at a significant premium to IIFL?? So if I need to invest in Wealth management sector, I would rather invest in IIFL than in AR for long term.
So, for me its sayonara AR. Over to next IPO. MapmyIndia seems interesting on first look. Needs study though.

think about these points before applying in this IPO
-->is the company market leader in the segment
-->are the profitability and growth ratios better than industry average
-->is valuation on the higher or lower side
-->is management trustworthy
you will get all the answers whether to apply or not.

No improvement in subscription number till now

Hi Avenue which bank allows cut off time till 4.30 pm .

Canara Bank

for retails category, ICICIDirect cutoff is 4:30 pm

Not applying hni looking at member''s opinion & subs figures, but wondering should I cancel already applied 7 retail applications. What is advise of gurus?

Dear admin, please start a new page/thread for Medplus. IPO expected to open soon.

Heading towards discount listing.