Anand Rathi Wealth IPO GMP, Grey Market Premium Today, Kostak rates, and Subject to Sauda rates, Subscription Status, Listing Date, Share Price, Lot Size, Allotment Status Date Know Full Details In This Article.
Anand Rathi Wealth Limited IPO Will Open From 2 December 2021. According to the Red Herring Prospectus (DRHP), this IPO will be open for subscription for three days and will close on December 6.
The equity shares of the company will be listed on BSE and NSE. Anand Rathi Wealth plans to raise Rs 660 crore through IPO.
Anand Rathi Wealth Ltd has also fixed its price band. The company has fixed a price band of Rs 530 to 550 per share.
Investors will be able to apply for one lot having at least 27 shares. That is, according to the upper price band, investors will have to invest at least Rs 14,850.
Anand Rathi Wealth IPO GMP Gray Market Premium Today
According To market Watchers, Anand Rathi Wealth share Price in the grey market today for premium at Rs. 125. It Is High Than Yesterday’s GMP Rs. 25.
It Is 20 Percent High Than Price Band Rs. 530 – Rs. 550. Anand Rathi Wealth Financial Services focuses on mutual fund distribution and sales of financial products.
The company started operations in the financial year 2002 as AMFI Registered Mutual Fund Distributor.
The Asset Under Management (AUM) of the company has increased by 22.74 per cent to Rs 302.09 billion from 31 March 2019 to 31 August 2021.
Anand Rathi Wealth Limited IPO Overview
|Name Of Company||Anand Rathi Wealth Ltd|
|IPO SIze||Rs 659 Cr|
|Application start/End date||2 December 2021 – 6 December|
|IPO Allotment date||13 december 2021|
|Issue Type||Offer For Sale OFS|
|face value||Rs 10|
|Share price band||Rs. 530 – Rs 550|
|Refund Initiation||8th december 2021|
|Shares credit Date In Demat||13th December 2021|
|Listing on exchange Date||14-12-2021|
|GMP Gray Market Premium Value||20 percent|
|listed on||BSE, NSE|
Anand Rathi Wealth IPO lot size, Listing Date, Allotment
Investors can bid in lots for the IPO of Tega Industries. The company will have 27 shares in one lot. An investor can bid for a maximum of 13 lots.
The IPO will be purely Offer for Sale (OFS), that is, fresh shares will not be issued in it. The sale of 1.2 crore equity shares by the promoters and existing shareholders of the company will be done under the offer for sale.
At the same time, 92.85 lakh equity shares will be sold by Anand Rathi Financial Services under OFS. Under this issue 2.5 lakh equity shares have been reserved for the employees.
Subscription Status details
Half of the issue size is reserved for QIBs, 15 percent for non-institutional investors, and 35 percent for retail investors.