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breaking news Anand Rathi Wealth Ipo subscribed 5 times so far in the last day

Anand Rathi Wealth’s initial public offering (IPO) was signed five times on Monday, the third and final day of the bidding process. The initial public offering of Mumbai-based financial services company Anand Rathi Wealth is entirely an Offer for Sale (OFS) from existing promoters and shareholders. The IPO of Anand Rathi Wealth, which aims to raise Rs 660 crore through the issue, will close for subscription later in the day.
At 1:24 pm, Anand Rathi’s IPO received offers for shares of 4.2 million rupees against the 84.8 lakh shares on offer, a subscription of almost five times.

On Friday, the second day of the bidding process, the IPO was signed three times and once the day before.

According to Anand Rathi Wealth’s initial public offering, the shares are available for bidding in a price band of Rs 530-550 in multiples of 27 units.

Anand Rathi Wealth shares are likely to be listed on the BSE and NSE stock exchanges on December 14.

The company raised Rs 194 crore from 12 anchor investors before the IPO.

Anand Rathi Wealth, part of the Anand Rathi financial services group, aims to reap the benefits of going public. Anand Rathi Wealth is the wealth management arm of Anand Rathi Financial Services.

Four companies are slated to launch their initial public offerings this week: RateGain Travel, Shriram Properties, MapmyIndia and Metro Brands.



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