Anand Rathi Wealth IPO - Subscription Day 3

Anand Rathi Wealth IPO - Subscription Day 3

by 5paisa Research Team Last Updated: Dec 13, 2022 - 04:06 pm 44.2k Views
Listen icon

The Rs.660 crore IPO of Anand Rathi Wealth, consisting entirely of an offer for sale (OFS) of Rs.660 crore, saw decent  response on Day-1 and Day-2 of the IPO. As per the combined bid details put out by the BSE at the close of Day-3, Anand Rathi Wealth IPO was subscribed 9.78X overall, with strong demand coming from the HNI segment and the retail segment but rather limited interest seen in the QIB counters. The issue has closed for subscription on Monday, 06th December.

As of close of 06th December, out of the 84.75 lakh shares on offer in the IPO, Anand Rathi Wealth saw bids for 829.22 lakh shares. This implies an overall subscription of 9.78X. The granular break-up of subscriptions was dominated by the HNI investors followed by the retail investors.

The QIB response was fairly limited. On the last day of bidding, the NII bids built up substantial momentum, but the QIB portion response was relatively muted.

Anand Rathi Wealth IPO Subscription Day 3


Subscription Status

Qualified Institutional Buyers (QIB)

2.50 Times

Non Institutional Investors (NII)

25.42 Times

Retail Individuals

7.76 Times


1.32 Times


9.78 times


QIB Portion

Let us first talk about the pre-IPO anchor placement. On 01st December, Anand Rathi Wealth did an anchor placement of 35,25,000 shares at the upper end of the price band of Rs.550 to 25 anchor investors raising Rs.193.88 crore, representing 29.38% of the total issue size.

Check - Anand Rathi Wealth IPO - Subscription Day 2

The list of QIB investors included a number of marquee domestic anchor investors like SBI Mutual Fund, ICICI Pru MF, DSP Mutual Fund, Kotak Mutual Fund, Nippon India MF, Quant Fund, Canara Robeco Mutual Fund, Invesco India Fund, Abakkus Growth Fund, Cohesion India, Rajasthan Global Securities etc.

The QIB portion (net of anchor allocation as explained above) has a quota of 23.50 lakh shares of which it has got bids for 58.83 lakh shares at the close of Day-3, implying 2.50X subscription for QIBs at the close of Day-3. QIB bids typically get bunched on the last day but the demand was just about enough to see the portion get subscribed and did not see any heavy oversubscription.

HNI / NII Portion

The HNI portion got subscribed 25.42X (getting applications for 448.08 lakh shares against the quota of 17.63 lakh shares). This is a relatively good response at the close of Day-3 and this segment saw the maximum response bunched on the last day. Bulk of the funded applications and corporate applications, came in on the last day of the Anand Rathi Wealth IPO.

Retail Individuals

The retail portion was subscribed a healthy 7.76X at the close of Day-3, showing strong retail appetite; as has been the general trend with smaller sized IPOs. It must be noted that retail allocation is 35% in this IPO.

For retail investors; out of the 41.13 lakh shares on offer, valid bids were received for 319.01 lakh shares, which included bids for 240.23 lakh shares at the cut-off price. The IPO is priced in the band of (Rs.530-Rs.550) and has closed for subscription on 06th December 2021.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in December 2021

How do you rate this blog?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Weekly Wrap-up: Tata Tech's Dazzling IPO Debut & the Tax Tale

In the heart of the bustling Indian stock market, a tale of triumph unfolded on November 30th, as Tata Technologies made an awe-inspiring debut. The curtains lifted at ₹1,200 apiece on the National Stock Exchange (NSE), casting a premium spell of 140% over the issue price of ₹500 per share. This stellar entry marked the grandest listing since November 2021, echoing through the financial corridors with waves of excitement.

Stock In Action: JSW Steel

Movement of the Day Analysis 1.    Strengths: Strong Momentum: Price above short, medium and long term from 5 days to 200 days respectively. 2.    Positive break-out. 

Swing Trading Stocks: Week of 11 December 2023

Swing Trading Stocks for the Week