Anand Rathi Share IPO Subscribed Twice on Final Day: Rs 745 Crore Issue Sees Robust Investor Interest

The IPO of Anand Rathi Share and Stock Brokers saw strong demand on its third and final day, reaching almost 200% subscription as of September 25. This Rs 745-crore issue underscores significant interest from retail and non-institutional investors, marking an important milestone for the Mumbai-based brokerage.

Within the final day, the IPO received bids for 2.59 crore shares, against the total offer size of 1.34 crore shares, according to NSE data at 11:40 am. While Qualified Institutional Buyers (QIBs) booked around 3% of their reserved quota, non-institutional investors (NII) surged ahead with 408% subscription, and retail investors accounted for 210% of their allocated portion.

Key IPO Details

The IPO is structured as a fully fresh issue, aiming to raise Rs 745 crore.

• Price Band: Rs 393–414 per share
• Minimum Application: 36 shares, requiring an investment of Rs 14,904 at the upper band
• Issue Open: Final day on September 25
• Allotment Date: Likely September 26
• Listing Date: Scheduled for September 30

Allocation Breakdown:

• Qualified Institutional Buyers (QIBs): 50%
• Retail Investors: 35%
• Non-Institutional Investors (NII): 15%

The proceeds from the IPO are intended to strengthen the company’s long-term working capital requirements, with Rs 550 crore earmarked for this purpose. The remaining amount will support general corporate purposes, providing the company with flexibility for operational needs.

Anchor Investor Support

Before the IPO opened for the public, 15 anchor investors contributed a total of Rs 220.5 crore on September 22. Among the notable investors:

• Several mutual funds and insurance companies picked 4.85 lakh shares each, totaling Rs 20.08 crore per investor.
• Other institutional investors acquired 3.62 lakh shares each, amounting to Rs 15 crore per investor.

This strong anchor book subscription highlighted early confidence in the company’s IPO and set a positive tone ahead of public bidding.

Company Overview

Based in Mumbai, Anand Rathi Share and Stock Brokers is a full-service stock brokerage serving both retail and institutional clients. The firm’s IPO offers investors a chance to be part of the growth journey of this established brokerage.

• The IPO proceeds are primarily allocated for long-term working capital.
• The company maintains a diversified revenue model and a robust client base.
• The fresh capital injection is set to support operational expansion and strengthen balance-sheet flexibility.

Summary

The final-day subscription trends underscore strong interest in Anand Rathi Share IPO, with retail and non-institutional investors driving significant demand. With Rs 745 crore on offer, the IPO marks a key step in scaling the company’s operations, enhancing working capital, and supporting growth initiatives. The combination of anchor investor support and high retail participation reflects market confidence in the company’s established presence and business model.