Anand Rathi Share & Stock Brokers Ltd - IPO

Anand Rathi Share & Stock Brokers Ltd IPO Details

Initial public offering of up to 17,995,169 equity shares of face value of Rs. 5 each (Equity Shares) of Anand Rathi Share and Stock Brokers Limited (the Company) for cash at a price of Rs. 414 per equity share (including a share premium of Rs. 409 per equity share) (Issue Price) aggregating up to Rs. 745.00 crores (Issue). The issue included a reservation of 257,069 equity shares aggregating up to Rs. 10.00 crores (Constituting 0.41% of the Post-Issue Equity Share Capital), for subscription by eligible employees (Employee Reservation Portion). The company in consultation with the brlms, offer a discount of 6.04% of the issue price (Equivalent of Rs. 25 per Equity Share) to the eligible employees bidding in the employee reservation portion (Employee Discount). The issue less the employee reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue shall constitute 28.71% and 28.3% of the post-issue paid-up equity share capital of the company, respectively.A discount of Rs. 25 per equity share is being offered to eligible employees bidding in the employee reservation portion

Objective of issue

Funding long-term working capital requirements of the company. General corporate purposes.

Anand Rathi Share & Stock Brokers Ltd Contact Details

Anand Rathi Share & Stock Brokers Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - secretarial@rathi.com

Website - www.anandrathi.com