#anandrathi

Anand Rathi gets 9.78 times subscription in IPO | 8 Cr shares bids receiv...

Anand Rathi Wealth (ARWL), one of the leading non-bank wealth solutions firms in India, has made a decent stock market debut, with its equity shares listed at Rs 602.05, a 9 per cent premium over its issue price of Rs 550 per share on the BSE. The stock opened at Rs 600 on the National Stock Exchange (NSE).

Post listing, the stock moved higher to Rs 614.95, up 12 per cent versus the issue price. At 10:01 am; it was traded at Rs 611 on the BSE. A combined around 4 million equity shares changed hands on the NSE and BSE in early trades.

Commenting on the market deubut, "We expect a sharp decline in the stock post-listing. My advice to investors is to book listing gain profit and re-enter at around Rs 420 per share levels," said Ravi Singhal, vice-chairman at GCL Securities.

The initial public offering (IPO) of ARWL had received good response from the investors, with issue subscribed 9.78 times. The reserved portion for qualified institutional buyers was subscribed 2.5 times, and that of non-institutional investors saw 25.42 times subscription, while retail investors allotted quota being subscribed 7.76 times, data shows.

The IPO consisted entirely of an offer of sale (OFS) comprising of 12 million equity shares. The promoters and promoter group shareholding will decline from 74.74 per cent to 48.82 per cent post IPO. The company expects to receive the benefits of listing of the equity shares, including to enhanced visibility and brand image among existing and potential customers.

Anand Rathi approval from SEBI for IPO | raise a fund of Rs 800 cr | Planify

हफ्ते का स्टॉक: अभी भी 25% का मिलेगा फायदा, करते रहिए क्वालिटी वाले शेयरों में निवेश

Hindi News Business Anand Rathi Online Stock Trading & Advisory 2021 Share Trading; Indian Bank, Ahluwalia Contract, Ajanta Pharma Ads से है परेशान? बिना Ads खबरों के लिए इनस्टॉल करें दैनिक भास्कर ऐप मुंबई27 मिनट पहले कॉपी लिंक आगे भी ऐसा अनुमान है कि शेयर बाजार की तेजी जारी रहेगी। इसलिए क्वालिटी वाले शेयरों में आप निवेश करते हैं तो आपको अभी भी 25% का फायदा मिल सकता है पिछले हफ्ते बीएसई…

हफ्ते का स्टॉक: अभी भी 25% का मिलेगा फायदा, करते रहिए क्वालिटी वाले शेयरों में निवेश

Hindi News Business Anand Rathi Online Stock Trading & Advisory 2021 Share Trading; Indian Bank, Ahluwalia Contract, Ajanta Pharma Ads से है परेशान? बिना Ads खबरों के लिए इनस्टॉल करें दैनिक भास्कर ऐप मुंबई20 मिनट पहले कॉपी लिंक आगे भी ऐसा अनुमान है कि शेयर बाजार की तेजी जारी रहेगी। इसलिए क्वालिटी वाले शेयरों में आप निवेश करते हैं तो आपको अभी भी 25% का फायदा मिल सकता है पिछले हफ्ते बीएसई…