Anand Rathi Wealth Limited which had tapped the capital markets with its offer for sale of 1.2 cr shares in a price band of Rs 530-550, was subscribed 9.78 times. Earlier the company had completed allocation to anchor investors. The company allotted 35,25,000 equity shares to 12 anchor investors comprising of 19 entities. The issue had opened on Thursday the 2nd of December and closed on Monday the 6th of December 2021.

The company allotted an equal 5,45,481 equity shares or 15.47% to three anchor investors. They are SBI Mutual Fund, ICICI Prudential, and Franklin Templeton. This was followed by an allotment of 4,63,644 shares or 13.15% of the anchor allotment to DSP. The top four anchor investors were allotted 21,00,087 equity shares or 59.56% of the anchor book.

The QIB portion was subscribed 2.5 times, the HNI portion was subscribed 25.42 times and the Retail portion was subscribed 7.75 times. The employee portion was subscribed 1.32 times. There were 10.46 lac applications and on basis of lots, the retail portion was subscribed 6.87 times.

Full details of subscription are given below: –

Rategain Technologies Limited which is tapping the capital markets with its fresh issue for Rs 375 crs and an offer for sale of 2,26,05,530 equity shares completed allocation to anchor investors. The issue which opens on Tuesday the 7th of December and closes on Thursday the 9th of December has a price band of Rs 405-425.

The company allotted 1,40,90,136 equity shares at Rs 425 to 20 anchor investors comprising 34 entities. The highest allocation was made to the Government of Singapore who was allotted 16,44,650 shares or 11.67% of the anchor book. Along with its associate, the Monetary Authority of Singapore who was allotted 2.45% of the anchor book or 3,55,355 shares. The total allotment was 20,00,005 shares or 14.19% of the anchor. This was followed by an allotment of an equal 10.02% or 14,11,795 equity shares to 4 entities which comprised of two FII’s and two domestic mutual funds. The FII’s were Ashoka and Nomura while the domestic funds were ICICI Prudential and Nippon. The top five anchor investors were allotted 76,47,185 equity shares or 54.27% of the anchor book.

Full details of the anchor allotment are given below: –