Wednesday, December 01, 2021

Anand Rathi Wealth raises ₹194 crores from Anchor Investors ahead of IPO

The Anand Rathi group company Anand Rathi Wealth raised ₹194 crores from anchor investors on November 30, 2021 Tuesday before the IPO. The Anand Rathi Wealth IPO to open on December 02, Thursday. The company allotted total of 35,19,000 equity shares to 19 Anchor investors at a upper price band ₹550. The anchor investors list includes 9 Mutual Funds through a total of 16 schemes. The company is going to raise ₹660 crores via IPO (OFS). Check out the final list of Anand Rathi Wealth Anchor Investors given below:

Anand Rathi Wealth

Anand Rathi Wealth Anchor Investors List:

The IPO Committee of the Company as its meeting held on December 01, 2021 in consultation with the Book Running Lead Managers to the Offer being (i) Equirus Capital Private Limited (ii) BNP Paribas, (iii) IIFL Securities Limited, and (iv) Anand Rathi Advisors Limited, and the selling shareholders and have finalized allocation of 35,25,000 equity shares in aggregate to Anchor Investors at Anchor Investor Allocation price of ₹500 per equity share (including a share premium of ₹545 per equity share). The details are given below:
Anand Rathi Wealth Anchor Investors List
Anand Rathi Wealth Anchor Investors List
Source: BSEIndia

The Anand Rathi Wealth IPO to open on 02 December and closes on 06 November 2021. The price band is fixed at ₹530 to ₹550. Anand Rathi Wealth IPO application minimum bid is for 27 Shares (₹14,850) and maximum bid is 351 shares (₹193,050). The Book Running Lead Managers of the IPO are Equirus Capital Private Limited, BNP Paribas, IIFL Securities Limited and Anand Rathi Advisors Limited.

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