New Delhi, Sep 22 (PTI) Anand Rathi Group's brokerage arm Anand Rathi Share and Stock Brokers on Monday announced raising a little over Rs 220 crore from anchor investors, a day before its initial public offering (IPO) opening for subscription.

The institutions that participated in the anchor round included HDFC Mutual Fund (MF), Quant MF, Kotak MF, Aditya Birla Sun Life MF, SBI Life Insurance Company and Kotak Mahindra Life Insurance Company, according to a circular uploaded on the BSE's website.

As per the circular, the brokerage firm has allocated 53.26 lakh equity shares to 15 funds at Rs 414 apiece. This aggregates the transaction size to Rs 229.5 crore.

The shares will be available for subscription at a price band of Rs 393-414 per share for the company's Rs 745-crore IPO. The com

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