Anand Rathi Share and Stock Brokers, a part of 'Anand Rathi Group' will finalise its allotment on Sept. 26. (Photo: Canva) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The initial public offer of Anand Rathi Share and Stock Brokers Ltd. was subscribed 20.66 times on the last day of the share sale on Thursday, helped by strong participation from qualified institutional buyers.

The Rs 745 crore IPO received bids for 27,60,82,128 shares against 1,33,63,342 shares on offer, as per BSE data.

The quota for Qualified Institutional Buyers (QIBs) was subscribed 43.80 times. The non-institutional investors part attracted 28.60 times subscription, and the Retail Individual Investors (RIIs) portion got subscribed 4.78 times. The Employee's reserved quota was booked 2.56 times.

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