Anand Rathi Wealth Ltd IPO Details

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Anand Rathi Wealth Ltd IPO Details:

Anand Rathi Wealth Ltd. has announced public offering of 12000000 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 545.00 per share. The gross proceeds of the issue are expected to be Rs 66,000.00 lakhs.

The company's initial public offer (IPO) will open on 02 December 2021 and is expected to close on 06 December 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 530.00-550.00 per share.

The IPO includes a fresh Issue of 12000000 Equity Shares of the Company at an price of Rs 550.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 27 shares with bids in multiples of 27.

Anand Rathi Wealth Ltd. anticipates using the proceeds of the issue for

Equirus Capital Private Limited, ANAND RATHI ADVISORS LTD, IIFL Securities Limited, BNP Paribas as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.

If the Anand Rathi Wealth Ltd is something that you’re looking to invest in come 02 December 2021, it would be a good idea to start the demat account opening process right away. Contact Libord Broking now to open demat account online within minutes.

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