Anand Rathi IPO Subscription Status: Full Details

Anand Rathi IPO Subscription Status: IPO is Initial Public Offer by the company to public its stakes in the stock market for the collection of funds. Recently Anand Rathi had launched its IPO for the public to collect funds. IPO of this company had launched on Dec 2, 2021

  • the closing date is Dec 6, 2021
  • Price issued is Rs. 550
  • Face Value of IPO is Rs 5
  • Size of the IPO is Rs. 660 Cr.
  • Available on NSE and BSE
  • The lot size of the Issue is 27
Anand Rathi IPO Subscription Status
Anand Rathi IPO Subscription Status

Details on Anand Rathi IPO Subscription Status

They had offered the Equity shares to different people. 4112500 shares are issued to retail investors, 2350000 to qualified institutional buyers, and 1762500 to non Institutional investors.

This IPO is oversubscribed by 9.78 times overall. In different categories, it is 7.76 for retail, 25.42 for NII, and 2.5 for QIB investors.

IPO Subscription Status

Now the company had closed the subscription time and it is expected that the allotment date for this 9th December 2021 and the transfer of shares to investors DEMAT account will be shown on 13 December 2021. Market experts had their say on the GMP and subscription. It is noted that a premium of Rs. 15 had slipped from the IPO in the grey market.

This company deals in financial services. They mainly focus on mutual fund distribution and selling financial products. They had started it in 2002. The GMP of the IPO is falling day by day and it’s on Rs 25 from earlier Rs. 125. This company had performed decent in subscription and also had dominance in their services and had various offices in big cities of India and also in Dubai.

Planning

The Company Director had planned to double its existing assets in the next 3-5 years. He also said that they had focused more on mutual funds and structured segments which help them to eye more on profits.

If You had applied and want to check the application status then follow these steps:

http://linkintime.co.in/MIPO/Ipoallotment.html

  • Open this Link
  • Then Select Anand Rathi IPO
  • Fill PAN Details
  • Then tab Search

After you can see the status on your phone. You can also check it via the BSE website the link is given below

http://bseindia.com/investors/appli_check.aspx

Link of BSE you can also check it here by following the steps.

All details about the Anand Rathi IPO Subscription Status. You can check the whole detail about the IPO in this article.

Read More: Bitcoin fells more than 20 Percent: Cryptocurrency New Update