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Anand Rathi Wealth Files for Rs 1000 cr IPO Jul 22, 2021, 07:58 IST
Mumbai: Anand Rathi Wealth Limited, one of the leading non-bank wealth solutions firms in India, has filed its papers with the regulator for the IPO. As per market sources the issue size is expected to be around Rs 1000 crs.
The Initial Public Offering is an Offer of Sale of up to 1,20,00,000 equity shares of face value of Rs 5 each by Promoter Selling Shareholders - Anand Rathi Financial Services Limited, Anand Rathi, Pradeep Gupta and Other Selling Shareholders - Amit Rathi, Priti Gupta, Supriya Rathi, Rawal Family Trust, Jugal Mantri, and Feroze Azee. The Company will not receive any proceeds from the issuance.