Anand Rathi IPO: Anand Rathi Share and Stock Brokers launched its initial public offering (IPO) today, September 23, for public bidding, and aims to raise Rs 747 crores through the public offering. The issue has been subscribed 40 per cent on the first day of bidding.

Anand Rathi IPO subscription status:

Investors bid for 54.09 lakh shares out of the total of 1.33 crore shares on offer, with Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs), both subscribing 0.53 times.

In simpler terms, NIIs bid for 14.98 lakh shares out of the allotted 28.05 lakh shares, and RIIs bid for 34.80 lakh shares out of 65.45 lakh shares reserved.

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The Qualified Institutional Buyers (QIBs) portion bid for 42,948 shares out of 37.40 lakh shares a

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