The IPO comprises fresh issue of equity shares by Anand Rathi Wealth Services aggregating up to Rs 125 crore and an offer for sale of up to Rs 300 crore by the promoter Anand Rathi Financial Services, according to the draft red herring prospectus (DRHP) filed with Sebi.
ICICI Securities had launched its IPO in March for 7.72 crore equity shares with a price band of Rs 519 to Rs 520.
Reliance Nippon AMC recently got listed, while HDFC AMC would be entering the market next week. Let's look at how the HDFC AMC will be valued in the market.
These four public issues are expected to fetch at least Rs 3,250 crore, according to merchant banking sources. All these companies plan to list on the BSE and NSE.
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