Shares of Anand Rathi Wealth will list on bourses on December 14Shares of Anand Rathi Wealth will note on both nationwide stock exchange (NSE) and Bombay stock market (BSE) tomorrow on December 14.
Anand Rathi Wealth, which is a leading wealth solutions business in the non-banking classification, had brought its public issue previously this month between December 2 and 6, 2021, which was subscribed almost 10 times by investors.It had actually amassed bids for 8.29 crore equity shares against an IPO size of 84.75 lakh equity shares.The reserved part for qualified institutional purchasers (QIB) was subscribed 2.5 times and that of non-institutional investors saw 25.42 times subscription.The business is generally into wealth management, through its private wealth vertical with overall assets under management of Rs 29,472 crore as on August 31.