Latest News | Anand Rathi Wealth Shares Jump over 6 Pc in Debut Trade
Get latest articles and stories on Latest News at LatestLY. Shares of Anand Rathi Wealth Ltd, part of Mumbai-based financial services group Anand Rathi, on Tuesday settled with over 6 per cent gains against its issue price of Rs 550.
New Delhi, Dec 14 (PTI) Shares of Anand Rathi Wealth Ltd, part of Mumbai-based financial services group Anand Rathi, on Tuesday settled with over 6 per cent gains against its issue price of Rs 550.
The stock made its debut at Rs 602.05, a gain of 9.46 per cent from the issue price on the BSE. During the day, it jumped 11.80 per cent to Rs 614.95. It settled at Rs 583.50, a premium of 6.09 per cent.
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On NSE, it listed at Rs 600, a premium of 9.09 per cent. It jumped 6.36 per cent to settle at Rs 585.
In traded volume terms, 8.87 lakh shares of the company were traded at the BSE and over 1.39 crore units at the NSE during the day.
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The company commanded a market valuation of Rs 2,428.31 crore.
The initial public offer of Anand Rathi Wealth Limited received 9.78 times subscription earlier this month.
The initial public offer of up to 12,000,000 equity shares had a price range of Rs 530-550 per share.
Anand Rathi Wealth operates in the financial services industry with a focus on mutual fund distribution and the sale of financial products.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)