19-Apr-2024
2 mins read
Anand Rathi Wealth plans to buyback 370,000 of its own shares. This represents about 0.88% of the total free float market shares available in the market. The company intends to offering issue type as a tender offer. In this offer, Anand Rathi Wealth is willing to purchase its shares from existing shareholders at a fixed price of Rs 4450 per share. The total value of this buyback is amounting Rs 164.65 Cr, that is the amount company is willing to spend to acquire these shares. Share buybacks are often initiated by companies to return value to shareholders or demonstrate confidence in their own financial health. In this case, Anand Rathi Wealth is making a formal offer to buy a specific number of its shares at a specified price from the market.
Details of Anand Rathi Wealth Limited
Anand Rathi Wealth Limited is a company is a stock market listed company. They do a bunch of financial stuff like helping people manage their money, helping businesses with banking stuff, and selling different financial products. They started back in 1995 and are part of a bigger group called Anand Rathi Group. The company is pretty big, with lots of people working for them, like 322 relationship managers who take care of about 9,641 clients in India and other countries. Some things Anand Rathi Wealth Limited is really good at are giving advice on where to invest money, being a non-banking finance company, dealing with stocks for big organizations, handling mutual funds, managing wealth, making sure taxes are done right, checking out insurance stuff, planning estates, selling market-linked bonds, and making financial plans for people. Their money-making has been growing steadily for the past five years, going up by about 20.57%. That's better than the average for the whole industry, which only went up by 8.46%. Plus, they've been grabbing a bigger piece of the market, going from 1.64% to 2.78% during the same time.
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Company’s Financials of Anand Rathi Wealth Limited (Amt In Crore)
The company reported its net revenue of 624.12 crore and Profit after Tax is 168.60 crore for the year ended March 31, 2023, Anand Rathi Wealth Limited witnessed 31.18% and 32.97% increment in revenue and profit after tax respectively.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 624.12 | 480.16 | 339.75 |
| Revenue | 558.33 | 425.63 | 279.25 |
| Profit After Tax | 168.6 | 126.8 | 44.62 |
| Reserves and Surplus | 486.12 | 360.97 | 267.29 |
Anand Rathi Wealth Limited Buyback Details
| Issue Period | Yet to be announced |
| Security Name | Anand Rathi Wealth Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 370,000 (0.88 % of Total number of equity Shares) |
| Issue Size (Amount) | Rs 164.65 Crores |
| Buyback Price | Rs 4450 per share |
| Face Value | Rs 5 per share |
| Listing At | NSE, BSE |
The Necessity of the Anand Rathi Wealth Limited Buyback 2024
The necessity of buyback has yet to be announced
Lead Managers for Anand Rathi Wealth Limited Buyback 2024
The lead manager for Anand Rathi Wealth Limited Buyback 2024 is yet to be announced
How to Apply for Anand Rathi Wealth Limited Buyback 2024
Once buyback will be open for subscription, you can click here to apply for the Anand Rathi Wealth Limited Buyback 2024 with Bigul.
How to Check Allotment Status for Anand Rathi Wealth Limited Buyback 2024
The registrar of Anand Rathi Wealth Limited Buyback is yet to be declared
FAQs
How many shares is Anand Rathi Wealth Limited planning to buy back?
Anand Rathi Wealth Limited plans to repurchase its 370,000 equity shares, which represents 0.88% of the total number of equity shares of the company.
What is the last Date to buy shares to be eligible for the buyback?
The last Date to purchase shares to be eligible for the buyback is yet to be announced.
What is the buyback price for Anand Rathi Wealth Limited shares?
The buyback price has been set at Rs 4450 per share.
What is the record date for the Anand Rathi Wealth Limited buyback?
The record date of Anand Rathi Wealth Buyback is not yet announced.
What are the financial results of Anand Rathi Wealth Limited for the recent fiscal years?
The company reported its net revenue of 624.12 crore and Profit after Tax is 168.60 crore for the year ended March 31, 2023, Anand Rathi Wealth Limited witnessed 31.18% and 32.97% increment in revenue and profit after tax respectively.
What is the necessity of the Anand Rathi Wealth Limited buyback?
The necessity of buyback has yet to be announced.
Where will the Anand Rathi Wealth Limited shares be listed?
The shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Who is the lead manager for the Anand Rathi Wealth Limited buyback?
The lead manager for Anand Rathi Wealth Limited Buyback 2024 is not yet announced.
How can I apply for the Anand Rathi Wealth Limited buyback?
Wait for the buyback to open for subscription, then click here to apply for the Anand Rathi Wealth Limited Buyback 2024 with Bigul.
How do I check my allotment status for the Anand Rathi Wealth Limited buyback?
Once the company announced its registrar, you can check your allotment status by visiting its website.
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