shares of Anand Rathi Wealth Today is listed on the Indian stock exchanges, which offers around 9 per cent premium to the allottees. Shares of Non-Bank Wealth Solutions Provider Company are currently trading at 603 per share on NSE after opening 600 per stock level.
Anand Rathi speaking on share listing; Partha Nyati, Founder, Tradingo said, “The company received 9.78x good response from investors and listed the stock. 600. compared to the issue price of 550 together with a gain of 9% which was in line with our estimate.”
Abhay Doshi, Founder, UnlistedArena.com, said, “The issue looked absolutely costly as compared to its performance till FY2011. However, the company registered exceptional growth in 5MFY22.”
Anand Rathi Wealth IPO got 9.78 times subscription of its offer in 3-day bidding from 2nd December to 6th December 2021. The public issue was subscribed 7.76 times in the retail category, 2.50 times in the QIB category and 25.42 times in the NII category. The company had fixed the issue price band: from 530 550 per equity share.
Anand Rathi Wealth is one of the leading non-bank asset resolution companies in India. It is ranked among the top three non-bank mutual fund distributors in the country. Wealth Solutions Provider The company offers a wide product portfolio of wealth solutions, financial product delivery and technology solutions to its clients.
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