Sunday, 16 January, 2022
HomeBusinessAnand Rathi IPO Subscribed 3.02 Times On Second Day Of Issue

Anand Rathi IPO Subscribed 3.02 Times On Second Day Of Issue

Anand Rathi has set worth band for the IPO at Rs 530 – Rs 550 per fairness share

Main non-bank wealth options firm Anand Rathi Wealth’s preliminary public providing (IPO) was subscribed 3.02 instances on the second day of its situation, in accordance with subscription information on the inventory exchanges. Anand Rathi IPO opened on December 2, and can shut on Monday, December 6, 2021. The corporate has set worth band for the IPO at ₹ 530 – ₹ 550 per fairness share of face worth of Rs 5 every.

On Friday, the portion reserved for retail particular person buyers was subscribed 4.77 instances – the very best among the many three teams of buyers. The portion put aside for certified institutional patrons or QIB was subscribed 0.17 instances, whereas the portion reserved for non-institutional buyers was subscribed 3.06 instances.

 Anand Rathi Wealth is the wealth administration arm of Anand Rathi Monetary Companies. On the higher finish of the worth band, the corporate goals to boost Rs 660 crore via this provide.

The IPO consists of a proposal on the market of as much as 1,20,00,000 fairness shares of face worth of Rs 5 every by Anand Rathi Monetary Companies Restricted, Anand Rathi, Pradeep Gupta, Amit Rathi, Priti Gupta, Supriya Rathi, Rawal Household Belief performing via Rakesh Rawal, Jugal Mantri, and Feroze Azeez, in accordance with a assertion by the corporate.

The target of the provide are to realize the advantages of itemizing the shares on the inventory exchanges. The minimal lot dimension is of 27 fairness shares and in multiples of 27 fairness shares thereafter. Retail particular person buyers can make investments a minimal of Rs 14,850 for one lot and a most of Rs 1,93,050 for 13 tons.

Equirus Capital Personal, BNP Paribas, IIFL Securities and Anand Rathi Advisors are the e book working lead managers to the difficulty whereas Hyperlink Intime is the registrar to the difficulty.

Most Popular

English English हिन्दी हिन्दी ਪੰਜਾਬੀ ਪੰਜਾਬੀ