Anand Rathi Wealth debuts today

Shares of Anand Rathi Wealth, a non-bank wealth solutions firm, are expected to gain as much as 10 percent from their initial public offering price when they list on the exchanges on December 14, experts said.

“Anand Rathi Wealth can list at flat to 10 percent listing gains,” said Divam Sharma, founder of Green Portfolio. The grey market premium on the company’s shares is at Rs 50 on the issue price of Rs 550 and the issue was subscribed 9.78 times, indicating 10 percent listing gains, according to Gaurav Garg, head of research at CapitalVia.