INSUBCONTINENT EXCLUSIVE:
Anand Rathi has set price band for the IPO at Rs 530 - Rs 550 per equity shareLeading non-bank wealth solutions company Anand Rathi Wealth's
initial public offering (IPO) was subscribed 3.02 times on the second day of its issue, according to subscription data on the stock
Anand Rathi IPO opened on December 2, and will close on Monday, December 6, 2021
At the upper end of the price band, the company aims to raise Rs 660 crore through this offer.The IPO consists of an offer for sale of up to
1,20,00,000 equity shares of face value of Rs 5 each by Anand Rathi Financial Services Limited, Anand Rathi, Pradeep Gupta, Amit Rathi,
equity shares and in multiples of 27 equity shares thereafter
BNP Paribas, IIFL Securities and Anand Rathi Advisors are the book running lead managers to the issue while Link Intime is the registrar to
