Shares of Anand Rathi Wealth will record on bourses on December 14
Shares of Anand Rathi Wealth will record on each nationwide inventory alternate (NSE) and Bombay inventory alternate (BSE) tomorrow on December 14.
Anand Rathi Wealth, which is a number one wealth options firm within the non-banking class, had introduced its public difficulty earlier this month between December 2 and 6, 2021, which was subscribed almost 10 occasions by traders.
It had garnered bids for 8.29 crore fairness shares in opposition to an IPO dimension of 84.75 lakh fairness shares.
The reserved portion for certified institutional consumers (QIB) was subscribed 2.5 occasions and that of non-institutional traders noticed 25.42 occasions subscription.
The firm is principally into wealth administration, by means of its personal wealth vertical with complete belongings below administration of Rs 29,472 crore as on August 31.