Anand Rathi IPO: The initial public offering (IPO) of Anand Rathi Share and Stock Brokers concluded its second day of bidding today, September 23, with the issue subscribed 1.11 times. The company aims to raise Rs 747 crores through the public offering.

Anand Rathi IPO subscription status:

Investors bid for 1.48 crore shares against the total of 1.33 crore shares on offer, with Qualified Institutional Buyers(QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs), subscribing 0.02 times, 1.88 times, and 1.37 times, respectively.

In simpler terms, QIBs bid for 75,456 shares out of 37.40 lakh shares reserved, NIIs bid for 52.77 lakh shares out of the allotted 28.05 lakh shares, and RIIs bid for 89.85 lakh shares out of 65.45 lakh shares reserved.

Add Zee Busines

See Full Page