Anand Rathi IPO: edition books 0.45 times on day 1; Retail portion has strong interest

The Initial Public Offer (IPO) of Anand Rathi share and stockbrokers received a subdued response on September 23, with investors placing 57.24 Lakh shares against the total offer of 1.27 crore shares, which results in the exchange data an overall subscription of 0.45 times. The portion of the retail investors were subscribed to 0.61 times, while the non-institutional investor segment saw a 0.56 times subscription. The QIB (qualified institutional buyers) section is subscribed to just 0.01 times minimally. Anand Rathi intends to increase £ 745 through the IPO, which is entirely a new issue of 1.80 crore shares. The price tire for the £ 393 and £ 414 per share. “Tand is between £ 393 and £ 414 per share. Anand Rathi IPO Lot size is set at 36 shares, which requires a minimum investment of £ 14,904 for retail investors. And BSE, with a preliminary listing date of Tuesday, September 30. A full service firm work that offers brokerage services, margin trading and the distribution of financial products under the Anand Rathi brand.