Anand Rathi Group's stock broking unit's IPO subscribed 20.66 times on final day of bidding

** Anand Rathi Share and Stock Brokers' ANAH.NS 7.45 billion-rupee ($84 million) IPO subscribed 20.66 times on final day of bidding

** IPO was fully subscribed on second day of bids

** The offering garnered bids worth 114.27 billion rupees, led by qualified institutional buyers, who subscribed 43.8 times of the shares reserved

** Non-institutional investors' portion subscribed 28.6 times, while that of retail investors was subscribed 4.78 times

** IPO solely consists of fresh shares for issue, with existing shareholders not diluting stake

** Proceeds to be used to fund long-term working capital requirements for the firm and other corporate purposes

($1 = 88.6930 Indian rupees)