Anand Rathi Group's stock broking unit's IPO subscribed 20.66 times on final day of bidding
ReutersSep 25, 2025 11:49 AM
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)
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