Anand Rathi Wealth IPO: Check latest GMP, subscription status

Anand Rathi Wealth initial public offer (IPO) was subscribed 1.60 times on day one of subscription. 

New Delhi: Anand Rathi Wealth Limited’s initial public offer (IPO) was fully subscribed on the first day of subscription on Thursday (December 2). The IPO’s latest grey market premium (GMP) and other details after day one on subscription are now public. 

The 660-crore initial share-sale of Anand Rathi Wealth Limited, part of Mumbai-based financial services group Anand Rathi, was received bids for 1,36,00,818 shares against 84,75,000 shares on offer. The subscription data suggests 1.60 times subscription of IPO, according to National Stock Exchange of India (NSE) data.

Anand Rathi Wealth IPO GMP