Read Anand Rathi Wealth IPO: Filed DRHP With Sebi to Raise Rs 1,000 Through This Public Issue and company data and Grey market price in Comments, Article Published in Initial public offering section on e akhabaar
A mutual fund distributor Anand Rathi Wealth is ready to raise funding through an initial public offer (IPO). Recently, the firm filed the Draft Red Herring Prospectus (DRHP). It is the most important document which brings all the details regarding issue size and other various details. Currently, there are many other firms that filed for IPO and now it is an eighth company that filed DRHP July 2023 for IPO. Let’s cover the deep information here.
Anand Rathi Wealth IPO
Talk about the issue size then we want to tell you that this upcoming Initial Public Offer is ready to raise approx Rs 1,000 crore through this listing. It is the complete offer for sale by existing investors of the company.
The offer for sale will include Rs 92.85 lakh equity shares by Anand Rathi Financial Services. While on the other side it will also bring Rs 3.75 lakh equity shares by Anand Rathi, Pradeep Gupta, Amit Rathi, Priti Gupta, Supriya Rathi, Rawal Family Trust, and Feroze Azeez, and 90,000 equity shares by Jugal Mantri.
As per the expectations, the company is ready to serve almost 1.2 crore equity shares in this upcoming Initial Public Offer. Here are the various details about this upcoming public issue. But some of the details are still yet to disclose. This type of info will be updated later in this article.
Filed DRHP With Sebi to Raise Rs 1,000
The listing of this company will take place on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) as per our expectations. However, the confirmation about the information is yet to be confirmed officially.
Now move towards the company profile and revenue of the past years. We found some amazing stats that can attract you definitely. In the past financial years, the company recorded amazing revenue results. On the basis of data, it has Rs 45.11 crore on revenues of Rs 265.33 crore for the year ended March 2023 while they had a profit of Rs 61.61 crore on revenues of Rs 331.83 crore for the financial year 2019-2023.
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