Anand Rathi Wealth Limited Buyback 2024

  • Foundation: Anand Rathi Group was established in 1994 by Mr. Anand Rathi and Mr. Pradeep Kumar Gupta.
  • Response to Economic Change: The company was set up following India’s economic liberalization, aiming to convert the era’s financial optimism into tangible results.
  • Client-Centric Growth: Since its inception, the group has consistently prioritized client needs, expanding services from setting up a research desk in 1995 to entering the capital market lending space in 2019.
  • Service Spectrum: The group’s services include stock broking, wealth management, investment banking, commodities broking, construction finance, and capital market lending.
  • Ethical and Entrepreneurial: Anand Rathi Group’s longevity and success are attributed to its focus on ethics, entrepreneurial drive, and innovative spirit.
  • Customer Base: Boasts a dedicated client base of over 4 lakh individuals and institutions.
  • Trust and Legacy: Continual customer trust and support are considered the group’s most valuable assets, shaping its legacy in the financial sector.

Buy Back Offer Deal:

Buyback Type: Tender Offer
Buyback Record Date: Jun 03 2024
Buyback Opening Date: Jun 10 2024
Buyback Closing Date: Jun 16 2024
Buyback Offer Amount: ₹ 164.65
Date of Board Meeting approving the proposal: Apr 12 2024
Date of Public Announcement: Apr 12 2024
Buyback Offer Size: 0.88%
Buyback Number of Shares: 3,70,000
FV: 5
Buyback Price: ₹ 4450 Per Equity Share

Details of Buyback:

The proposal to buyback not exceeding 3,70,000 (Three Lakhs Seventy Thousand) equity shares of the Company (representing 0.88% of the total number of equity shares in the paid-up share capital of the Company) at a price of Rs. 4450 (Rupees Four Thousand Four Hundred and Fifty only) per equity share payable in cash for an aggregate consideration not exceeding Rs. 164,65,00,000 crores/- (Rupees One Hundred Sixty Four Crores and Sixty Five Lakhs Only)

Salient financial parameters:

Particulars (In Cr) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Sales + 275 327 260 408 538
Expenses + 180 213 185 230 296
Operating Profit 95 114 75 178 242
OPM % 35% 35% 29% 44% 45%
Other Income + 6 1 2 1 0
Interest 3 3 3 2 4
Depreciation 4 16 12 11 12
Profit before tax 94 96 62 166 226
Tax % 30% 26% 29% 24% 26%
Net Profit + 65 71 44 125 168
EPS in Rs 24.22 26.37 16.07 30.14 40.34
Dividend Payout % 0% 0% 31% 36% 30%

How to Participate in buyback?

1. Firstly, to be eligible for the buyback the investor should have shares of Anand Rathi Wealth Limited in Demat or physical form as on the record date [3-06-2024]. 2. Once you have shares in Demat, you can participate in the buyback process which is opening from [10-06-2024] by selling your shares through your broker on NSE or BSE. 3. Then on [16-06-2024], the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.

Profit from the buyback on the bases of acceptance Ratio:

Buy 45 Shares at CPM of Rs. 4050 (2,00,000/4450)
Acceptance Ratio 33% 50% 75% 100%
Amount Invested in Buyback 182250 182250 182250 182250
No. of Shares Buyback 15 22 34 45
Buyback Profit 6000 8800 13600 18000
Profit% 3.29% 4.83% 7.46% 9.88%


    Looking at the scam happened in Groww and frequent technical glitches of various brokers, I’m pretty much confident that there was some issue/error with application submission/processing of application w.r.t the buy back of Anand Rathi.
    It can be a mere coincidence if 0/7 share got rejected in my case. But how can rejection happened with sample size of 100s of individual 1 share zerodha account where as people having account in other platform got the acceptance. I request all the individuals to raise complaint first regarding this issue. Let Zerodha deny w.r.t application submission/processing or bypass this by citing some technical glitch/error. Then we’ll take further course of action.
    In past I had already raised a few complaints in platforms like zerodha and Fyers about their app bugs/defects which they initially don’t accept but later they have processed refunds and fixes their app bugs/defects. In-fact successfully got refunds from banks like SBI & RBL as well.
    Hence, I again request everyone to kindly raise complaint from all the unique individual IDs and do the proper follow up for your ticket.

      In this case, Zerodha’s role is limited to submitting the shares for buyback. If you received an email from the RTA agent confirming that 0 shares were accepted, that means Zerodha did their job. If you have any complaints, you should address them to the RTA agent who was responsible for allotment of the buyback quota among different applicants.

    I have seen from other communities that People having account other than zerodha, there 1 share strategy worked. Can anyone confirm. In Zerodha my 1 share from 6 different account didn’t accepted for buyback. Based on factual data, we can raise complaint in zerodha for compensation.

      As long as Zerodha submitted the shares on your behalf, you don’t have any grounds for filing a complaint against them.

        Same Here even for me 1 share strategy didn’t work.

        Broker is same : ZERODHA

    It is very surprise that not a single share accepted from applied all 6 accounts

      Same here. 0/6. Btw, my broker is zerodha for all 6 accounts. Wbu Alpana?
      The 1 share strategy either didn’t work or there is some issue with the broker.

        Same here. My 1 share not accepted . Broker is Zerodha. Some issue with Zerodha brokerage ?

          Same Here even for me 1 share strategy didn’t work.

          Broker is same : ZERODHA

          I had 4 accounts & 0/4 accounts got accepted

      Ji, who is your stock broker ?. My accounts are with Zerodha didn’t work this 1 share strategy.

      Thank you Raj Kumar ji for the little peace of information. Any update on the size of the buyback would certainly be of use.

    Bought some Sharda motor shares as the fundamentals seem good.Afraid to touch Ananda Rathi before the details are known.

    Sharda motors board meeting on 18th. 04 .24 for buyback consideration

      Thank you Tiwari ji for the update.Any previous buyback history?

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