According to BSE, on September 23, the Anand Rathi Share IPO was subscribed 0.41 times. QIB’s subscribing 0.01 times, NII’s subscribing 0.53 times and Retail Investors subscribing 0.53 times.
The Anand Rathi Share IPO is a book-built issue of Rs 745 crore, consisting entirely of a fresh issue of 1.8 crore shares. The price band for the IPO has been set between Rs 393 and Rs 414 per share. Nuvama Wealth Management Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar for the issue.
The tentative allotment for the Anand Rathi Share IPO is scheduled for Friday, September 26, with refunds and credit of shares to demat accounts expected on Monday, September 29. The IPO is tentatively slated to list on the BSE and NSE on Tuesday, September 30.
Anand Rathi Share and Stock Brokers Ltd., incorporated in 1991, is a brokerage firm. The company provides broking services, margin trading and financial product distribution under the ‘Anand Rathi’ brand, helping clients invest in equities, derivatives, commodities and currency markets.
