Anand Rathi IPO allotment date: When, where and how to check online; GMP too

Anand Rathi Wealth Limited, one of the leading non-bank wealth solutions firms in India, opened its initial public offering (IPO) on December 2 and it closed on December 6. The price range for the Anand Rathi IPO is fixed at ₹530-550 per share. On the second day, the IPO got subscribed 3.02 times on Friday. The NSE data showed that the issue received bids for 2,55,81,204 shares against 84,75,000 shares. Anand Rathi IPO GMP (Grey Market Premium) is currently commanding ₹55, according to industry experts, Live Mint reported. After the bidding closes, all the investors will be looking to see if they got lucky. For that, they should know when the Anand Rathi IPO allotment date is and where to check the same. 

Anand Rathi IPO share sale is fully comprised of promoters and existing shareholders making an offer for sale of 1.2 crore equity shares. The initial share sale is likely to generate 660 crore at the upper end of the pricing band. The managers of the offer are Equirus Capital, BNP Paribas, IIFL Securities, and Anand Rathi Advisors.

When is Anand Rathi IPO allotment date: It is scheduled for December 9. Bidders can check the status online on BSE website. The initiation of refund is scheduled on December 10 and credit of shares to Demat account will be done on December 13. For now, the Anand Rathi IPO listing date is scheduled for December 14 on BSE and NSE.

Where to check Anand Rathi IPO allotment status online: Once the allotment of Anand Rathi IPO will be announced on December 9, you can check the status online on the official website of Bombay stock exchange (BSE).

How to check Anand Rathi IPO allotment status: You will need to log in to the BSE website, which is bseindia.com or you can go to with this direct link - https://www.bseindia.com/investors/appli_check.aspx.

- Following that, click on Anand Rathi IPO in the menu.

- Then, enter your application number allotted for Anand Rathi IPO.

- It will ask you to enter your Permanent Account Number (PAN card number)

- Confirm the captcha by checking 'I'm not a robot' box

- And finally tap the ‘Submit’

Your Anand Rathi IPO share allotment status will be displayed on the BSE India website screen when it will be announced.

Investors should know that these are early days and Anand Rathi IPO GMP is oscillating a lot. However, hings will become much clearer for them soon.

About the company

Anand Rathi Wealth Limited is a subsidiary of Mumbai-based Anand Rathi Financial Services. The company offers its clients a wide range of wealth solutions, financial product distribution, and technological solutions. The company's primary service vertical is Private Wealth (PW), but it also has two other new-age technology-driven business verticals, Digital Wealth (DW) and Omni Financial Advisors (OFA).