Anand Rathi Wealth IPO subscribed 3 times on Day 2 on retail interest

Anand Rathi Wealth’s IPO was subscribed practically 3 times on Friday. The Rs 660-crore IPO closes on Monday. The wealth supervisor has already allotted shares value Rs 194 crore to anchor buyers. The retail portion of the IPO has already been subscribed practically 5 times.

Anand Rathi is a non-public wealth options supplier and a mutual fund distributor. It has belongings beneath administration stood at Rs 29,470 crore as of August 31.

At the top-end of the value band, the company is valued at Rs 2,290 crore.

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First Published: Sat, December 04 2021. 00:52 IST

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