Anand Rathi Share and Stock Brokers IPO Subscribed 75% on Day 2 | Stock Market Today

Market Performance

Anand Rathi Share and Stock Brokers’ IPO maintained strong traction on its second day of public bidding, September 24. The Rs 745-crore issue has seen 75% subscription so far, reflecting healthy interest from investors across categories.

By early afternoon, the IPO had received bids for nearly 1 crore shares, compared to the total offer size of 1.34 crore shares, according to NSE data. The subscription breakdown highlights investor participation:

• Non-Institutional Investors (NII): 106% of their reserved portion subscribed
• Retail Individual Investors (RII): 99% subscription of their portion
• Qualified Institutional Buyers (QIB): 1% subscription of allocated shares

This trend underscores balanced interest across retail and non-institutional segments, as the IPO moves closer to its scheduled close.

Main News: IPO Details and Subscription

Mumbai-based Anand Rathi Share and Stock Brokers launched its maiden IPO to raise Rs 745 crore entirely through a fresh issue of shares. The IPO was priced between Rs 393 and Rs 414 per share.

Key highlights of the IPO:

• Minimum application: 36 shares, amounting to Rs 14,904 at the upper price band
• Allocation: 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, 15% for non-institutional investors
• IPO closing date: September 25, 2025
• Expected allotment date: September 26, 2025
• Stock listing: Scheduled for September 30, 2025

Investors will receive shares based on the category-wise allocation, ensuring structured participation across all investor classes.

Anchor Investor Book

Ahead of the public subscription, the company raised Rs 220.5 crore from 15 anchor investors on September 22. Some of the major participants were:

• HDFC Mutual Fund, Kotak Mahindra AMC, Quant Mutual Fund, Aditya Birla Sun Life AMC, SBI Life Insurance, Singularity AMC: Each acquired 4.85 lakh shares valued at Rs 20.08 crore
• Morgan Stanley, Pinebridge Global Fund, Kotak Mahindra Life Insurance, 360 ONE: Each picked 3.62 lakh shares, worth Rs 15 crore

The strong anchor support provided an initial boost and set a solid foundation for the public subscription phase.

Company Details

Anand Rathi Share and Stock Brokers operates under the well-established Anand Rathi Group brand, providing full-service and technology-led broking services across India. The IPO proceeds are intended to strengthen the company’s long-term working capital and support general corporate purposes.

• IPO utilization: Rs 550 crore allocated for long-term working capital, remaining for corporate needs
• Business presence: Strong retail and institutional client base with a scalable technology platform
• Market positioning: Recognized among leading full-service brokers in India

This structured approach positions the company to maintain operational efficiency and meet growing demand in India’s broking sector.

Summary

Anand Rathi Share and Stock Brokers’ IPO has recorded 75% subscription on its second day, showing solid investor interest across retail, non-institutional, and institutional segments. The Rs 745-crore IPO, priced at Rs 393-414 per share, will close on September 25, with allotments expected by September 26 and listing on September 30. Strong anchor investor support, clear allocation structure, and a robust corporate framework make this IPO an important addition to the capital market activity this week.