Mumbai : Anand Rathi Share and Stock Brokers has garnered Rs 220.50 crore from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, September 23. The company informed the exchanges that it has allocated 53, 26, 086 equity shares at Rs 414 per share to anchor investors.

The marquee institutions that participated in the anchor include HDFC Mutual Fund, Kotak Small Cap Fund, Quant Mutual Fund, Aditya Birla Sunlife Banking & Financial services Fund, SBI Life Insurance Co. Ltd., Singularity Large Value Fund, Pinebridge India Equity Fund, Morgan Stanley India Investment Fund, Kotak Mahindra Life Insurance Co. Ltd., 360 ONE Equity Opportunities Fund, Bandhan Balanced Advantage Fund, Sanshi Fund, BNP Paribas Financial Markets ODI, ITI Flexi Cap Fund, Rajasthan Global Securities Pvt. Ltd.

Out of the total allocation of 5,326,086 Equity Shares to the Anchor Investors, 2,302,596 Equity Shares (i.e. 43.23% of the total allocation to Anchor Investors) were allocated to 6 domestic mutual funds, which have applied through a total of 6 schemes.

Nuvama Wealth Management Limited, DAM Capital Advisors Limited and Anand Rathi Advisors Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.