Anand Rathi IPO: The initial public offering (IPO) of Anand Rathi Share and Stock Brokers closed the final day of bidding today, September 23, with the issue subscribed 13.35 times. The broker house aims to raise Rs 747 crores through the public offering.

Anand Rathi IPO subscription status:

Investors bid for 17.83 crore shares against the total of 1.33 crore shares on offer, with Qualified Institutional Buyers(QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs), subscribing 28.37 times, 19.04 times, and 2.85 times, respectively.

Specifically, QIBs bid for 10.61 crore shares out of 37.40 lakh shares reserved, NIIs bid for 5.34 crore shares against the allotted 28.05 lakh shares, and RIIs bid for 1.86 crore shares against the 65.45 lakh shares reserved.

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