360 ONE WAM Limited has successfully raised ₹528 crore through a strategic preferential allotment of warrants to UBS AG, marking a significant move to bolster its equity base and fuel future growth plans.

Warrant Allotment Details

The Stakeholders Relationship Committee of 360 ONE WAM's Board of Directors approved the allotment of 2,05,02,939 warrants. These warrants, priced at ₹1,030 each, were issued on a preferential basis to UBS AG. The allotment follows the company's earlier intimation and subsequent approval from shareholders at the Extraordinary General Meeting.

Financial Implications

Key Points of the Allotment

1. The warrants grant UBS AG the right to subscribe to an equal number of fully paid-up equity shares of 360 ONE WAM, each with a face value of ₹1.
2. The subscription can be exercised in one or more tranches, providing flexibility to the investor.
3. The allotment complies with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Strategic Implications

This substantial investment from UBS AG is expected to play a crucial role in supporting 360 ONE WAM's equity growth and future expansion strategies. The influx of capital positions the company to pursue its growth objectives more aggressively.

Regulatory Compliance

The company has duly informed the stock exchanges of this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Circular.

This strategic move by 360 ONE WAM underscores the company's ambition and its ability to attract significant investments from global financial institutions, potentially setting the stage for accelerated growth and expansion.

360 ONE WAM Limited , one of India's largest wealth and alternates asset managers, has announced robust financial results for the first quarter, demonstrating significant growth across key metrics.

Financial Highlights

• Profit After Tax (PAT) increased by 18.00% year-over-year to Rs 287.00 crore.
• Total revenue rose by 4.00% to Rs 725.00 crore compared to the same quarter last year.
• Revenue from operations grew by 10.30% year-over-year to Rs 662.00 crore.
• Annual Recurring Revenue (ARR) saw a substantial increase of 35.90% year-over-year, reaching Rs 511.00 crore.

Assets Under Management

The company reported impressive growth in its Assets Under Management (AUM):

• Overall AUM reached Rs 6,63,924.00 crore.
• ARR AUM increased by 29.80% year-over-year to Rs 2,87,317.00 crore.
• Transactional/Brokerage AUM stood at Rs 3,76,607.00 crore.

Business Performance

Wealth Management

• ARR AUM in Wealth Management rose to Rs 1,94,773.00 crore, marking a 38.00% year-over-year growth.
• The 360 ONE Plus proposition saw a 40.00% year-over-year growth.
• Distribution and Lending businesses grew by 38.00% and 19.00% year-over-year, respectively.
• The company successfully onboarded over 200 families with more than Rs 10.00 crore ARR AUM.
• Clients with AUM exceeding Rs 10.00 crore now stand at over 4,200, accounting for 95.00% of Wealth AUM (excluding custody).

Asset Management

• ARR AUM increased to Rs 92,544.00 crore, up 16.00% year-over-year.
• Growth was primarily driven by Private Equity (+23.00% YoY), Listed Equity (+17.00% YoY), and customized multi-asset (+19.00% YoY) segments.

Strategic Developments

• The company completed the integration of B&K Securities, strengthening its broking and transactional platform.
• 360 ONE WAM received 10 prestigious awards during the quarter, including Best Private Bank - India at the FinanceAsia Awards and WealthBriefingAsia Awards.

Management Commentary

Mr. Karan Bhagat, MD & CEO of 360 ONE WAM Limited, commented on the results: "This quarter marks a period of strong core momentum and strategic consolidation. While talent continues to remain our biggest bedrock, the recent inorganic initiatives, including the acquisition of B&K Securities and collaboration with UBS, have significantly strengthened our ability to deliver an integrated, full-spectrum platform by combining deep advisory, research, and execution capabilities. We firmly believe that, across our wealth and asset businesses, the foundational levers are now firmly in place, setting the stage for sustained growth, deeper client engagement, and long-term value creation for all our stakeholders."

The company's focus on recurring revenue, strategic acquisitions, and expansion of its wealth and asset management offerings positions it well for continued growth in the evolving financial services landscape.