Linklaters advises on Anand Rathi Wealth’s £65m IPO
The Linklaters team was led by head of South and Southeast Asia Capital Markets partner Amit Singh, with support from counsel Joseph Wolpin
Linklaters has revealed it advised the book running lead managers on the initial public offering (IPO) of Anand Rathi Wealth Limited, part of India’s leading financial services firm, Anand Rathi Group, on both the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE).
The IPO received oversubscription from qualified institutional buyers, non-institutional investors, and retail investors. Upon listing, Anand Rathi Wealth Limited raised INR 6.6bn (approx. £65m).
The book running lead managers on the transaction comprised Equirus Capital, BNP Paribas, IIFL Securities and Anand Rathi Advisors.
The Linklaters team was led by head of South and Southeast Asia Capital Markets partner Amit Singh, with support from counsel Joseph Wolpin.
Capital markets partner Amit Singh, said:“We are delighted to have had the opportunity to assist Anand Rathi Wealth on its successful IPO, a milestone development of the company.”
Anand Rathi Wealth Limited operates in the financial services industry with a focus on mutual fund distribution and sale of financial products. It is one of the leading non-bank wealth solutions firms in India and is ranked amongst one of the three largest non-bank mutual fund distributors in the country by gross commission earned in the last three fiscals.
Linklaters said it has an “established reputation” as an Indian capital markets practice, offering “technical expertise and commercial awareness” to create novel solutions to maximise investment opportunities.
