Anand Rathi IPO: The initial public offering (IPO) of Anand Rathi Share and Stock Brokers entered the final day of bidding today, September 23, with the issue subscribed 2.48 times. The broker house aims to raise Rs 747 crores through the public offering.
Anand Rathi IPO subscription status:
By 1 pm, investors bid for 3.31 crore shares against the total of 1.33 crore shares on offer, with Qualified Institutional Buyers(QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs), subscribing 0.04 times, 5.99 times, and 2.39 times, respectively.
Specifically, QIBs have bid for 1.48 lakh shares out of 37.40 lakh shares reserved, NIIs have bid for 1.68 crore shares against the allotted 28.05 lakh shares, and RIIs have bid for 1.56 crore shares out of 65.45 lakh shares reserved.
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Anand Rathi IPO details:
The IPO is entirely a fresh issue of shares, and has a price band of Rs 393 to Rs 414 per equity share with a face value of Rs 5 per share. The issue size is approximately Rs 745 crores, comprising a fresh issue of 1.80 crore shares. The minimum lot size is 36 shares, meaning the minimum investment required is Rs 14,904.
The company plans to use the IPO proceeds for funding long-term working capital requirements and for general corporate purposes.
Price band: Rs 393 to Rs 414 apiece
Issue size: Rs 745 crores through a fresh issue of 1.80 crore shares
Subscription period: September 23 to September 25, 2025
Allotment date: September 26, 2025
Listing date: Expected on September 30, 2025, on BSE and NSE
Lot size: Minimum bid of 36 shares, amounting to Rs 14,904 at the upper price band
Company profile:
Anand Rathi Share and Stock Brokers Limited is a full-service brokerage house in India with more than 30 years of experience.
The company reported a 24 per cent increase in revenue and a 34 per cent rise in profit after tax (PAT) for the year ending March 31, 2025, with total income reaching Rs 847 crores and PAT of Rs 103.61 crores.
