Anand Rathi Shares See Modest Debut On NSE, BSE, Stocks List At 4.5% Premium

Anand Rathi Share & Stock Brokers made a positive but modest debut on the bourses on September 30, with shares listing at a premium of nearly 4.50 per cent per cent to its final issue price of Rs 414.

The stock listed at Rs 432 on the National Stock Exchange (NSE), a premium of 4.35 per cent, and on the Bombay Stock Exchange (BSE), it listed at Rs 432.10, a premium of 4.37 per cent.

Ahead of the listing, Anand Rathi Share IPO was quoting a grey market premium  (GMP) of Rs 31 per share, or 7.5 per cent.

Anand Rathi Share and Stock Brokers Ltd, incorporated in 1991, is a full-service brokerage firm. It offers trading in equities, derivatives, commodities, and currencies, along with margin funding and distribution of financial products. As of March 31, 2025, the company had 90 branches, 1,125 authorized agents across 290 cities, and a strong online presence.

Anand Rathi Share IPO Details

Through its initial public offering (IPO), Anand Rathi Share raised Rs 745 crore by issuing 18 million entirely fresh equity shares. The subscription window was open from September 23 to September 25, and the basis of allotment of share were finalised by September 26. Shares were offered with a price band of Rs 393-414 per share in lot size of 36 shares.

Nuvama Wealth Management, DAM Capital Advisors, and Anand Rathi Advisors were the book-running lead managers, and MUFG Intime India was the registrar to the issue.

The issue included a reservation of up to 2,57,069 shares for employees, which were offered at a discount of Rs 25 to the issue price.

Anand Rathi Share plans to use the net proceeds to fund long-term working capital requirements of the company and for general corporate purposes.

Anand Rathi Share IPO Subscription Details

During the three-day bidding window, Anand Rathi Share saw robust demand from across investor categories, receiving an overall subscription of 20.66 times the shares on offer. The qualified institutional buyer (QIB) category saw 43.80 times subscription, the non-institutional investors (NIIs) quota was booked 28.60 times, and the retail investors' portion was subscribed 4.78 times. The employee quota saw 2.56 times subscription.

Anand Rathi Share IPO Anchor Investor List

Earlier on September 22, ahead of the opening of the three-day bidding window, Ana d Rathi Share raised Rs 220.50 from anchor investors. Several domestic mutual funds and private equity funds participated in the anchor round. Market veteran Madhusudan Kela- and his son Yash Kela-owned Singularity Equity Fund participated through Singularity Large Value Fund III, investing around Rs 20 crore at Rs 414 apiece.

Mutual fund schemes like HDFC Banking and Financial Services, Kotak Small Cap Fund, Quant Multi Asset Allocation Fund, Aditya Birla Sun Life Banking and Financial Services Fund, Bandhan Balanced Advantage Fund, and ITI Flexi Cap Fund were also among the notable anchor investors.