Home / Markets / IPO / Anand Rathi Wealth IPO subscribed nearly 10x on strong HNI interest

Anand Rathi Wealth IPO subscribed nearly 10x on strong HNI interest

Institutional portion saw only 2.5 times subscription. Overall, the IPO saw bids worth Rs 4,500 crore

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1 min read Last Updated : Dec 07 2021 | 4:20 AM IST

The initial public offering (IPO) of Anand Rathi Wealth saw nearly 10 times more demand than the shares on offer. The high networth individual (HNI) category saw the maximum oversubscription at 25.4 times followed by retail at 7.8 times. Meanwhile, the institutional portion saw only 2.5 times subscription. Overall, the IPO saw bids worth Rs 4,500 crore.

The price band for the IPO was Rs 530-550 per share.

Anand Rathi’s IPO was entirely an offer for sale of 12 million shares. At the upper end of the price band, the issue size worked out to Rs 660 crore. Among the

Topics : IPO Anand Rathi Anand Rathi Wealth Limited

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