Anand Rathi Wealth IPO: Here’s how you can check the allotment status

Advertisement
Anand Rathi Wealth IPO: Here’s how you can check the allotment status
  • Wealth management firm Anand Rathi Wealth is likely to announce its share allotment status today.
  • The grey market premium of the company’s share has been falling each day, which now stands at ₹25 per share.
  • The IPO of the company was subscribed 9.78 times on the last day of bidding.
Wealth management firm Anand Rathi Wealth is likely to announce the allotment status of its initial public offering (IPO) today, December 9.

The IPO was open for subscription from December 2 to December 6.. The company has raised ₹660 crore through the IPO that consists of a pure offer for sale of 1.75 crore shares by existing shareholders and promoters.

Anand Rathi Wealth IPO received subscriptions for 9.78 times the number of shares offered in the three days of IPO bidding process. The grey market premium of the company’s shares show a premium of ₹25 from the higher end of the price band.

Advertisement

The portion reserved for retail investors was oversubscribed by 7.76 times on the last day of the IPO bidding process.

Anand Rathi Wealth has a dominant position in the distribution of financial products, with a focus on the growing HNI segment.

Here is how to Anand Rathi Wealth IPO allotment status on stock exchange website:
  • Go to the BSE website or NSE website here.
  • On BSE, Select 'Equity' and then from the dropdown, select ‘Anand Rathi Wealth’.
  • Now, enter your application number and PAN.
  • Click on 'Search'.
  • Please note the details will only be available once the shares are allotted.
You can also visit the registrar website (Link Intime India) to check your application status.
Advertisement

  • Visit the registrar's website here.
  • Click on 'Select company' and click on ‘Anand Rathi Wealth’.
  • Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
  • Enter the captcha and click ’submit’.
Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

SEE ALSO: Although Shriram Properties has solid future prospects, Omicron may mess things in the near term

Delhivery gets closer to drone delivery with the acquisition of an American company
{{}}