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Anand Rathi Group's Brokerage Arm Re-Files Draft Papers For Rs 745 Crore- IPO

  • Anand Rathi Share and Stock Brokers' brokerage arm, Anand Rathi Share and Stock Brokers Ltd., re-filed draft papers with SEBI for an IPO to raise Rs 745 crore.
  • The IPO will include only fresh issue of shares worth Rs 745 crore, with the proceeds to be used for long-term working capital requirements and general corporate purposes.
  • The equity shares are proposed to be listed on the National Stock Exchange of India Ltd and BSE Ltd.
  • Nuvama Wealth Management Ltd., DAM Capital Advisors Ltd., and Anand Rathi Advisors Ltd. are the book-running lead managers for the issue.

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