Anand Rathi Wealth files IPO papers with SEBI

Anand Rathi Wealth Ltd, part of Mumbai-based financial services group Anand Rathi, has filed preliminary papers with capital markets regulator SEBI to raise funds through an initial share sale. The initial public offer (IPO) is entirely an offer for sale of 1.2 crore equity shares by promoters and existing shareholders, draft red herring prospectus (DRHP)filed with SEBI showed on Tuesday.

Those offering shares in the offer for sale are -- Anand Rathi Financial Services Limited, Anand Rathi, Pradeep Gupta, Amit Rathi, Priti Gupta, Supriya Rathi, Rawal Family Trust, Jugal Mantri, and Feroze Azee.