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.