Upcoming IPO: Anand Rathi's brokerage arm files draft papers with Sebi

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Upcoming IPO: Anand Rathi's brokerage arm files draft papers with Sebi - Business Standard

Quick Summary:

Profit after tax surged by 104.77 per cent, rising from Rs 37.74 crore in fiscal 2023 to Rs 77.29 crore in fiscal 2024.

The equity shares proposed under the DRHP will be listed on the National Stock Exchange of India (NSE) and the BSE.

The issue is being made through the book-building process, wherein not more than 50 per cent of the net issue will be allocated to qualified institutional buyers, and not less than 15 per cent and 35 per cent of the net offer will be allocated to non-institutional investors and retail individual investors, respectively.