Market Performance
It was a steady start in the stock market today, with broader sentiment holding firm despite mixed cues. Amid this backdrop, one debut stood out as traders turned their attention to the Anand Rathi IPO listing, one of the recently concluded public issues.
Anand Rathi IPO Listing — Flat Entry, Quick Uptick
Anand Rathi IPO shares made their first appearance on the exchanges at ₹432 per share on NSE, marking a 4.35% jump over the issue price of ₹414.
Within minutes of listing, the stock moved to ₹446.85, extending gains to nearly 7.9% over the IPO price, signalling positive interest from early participants.
Subscription Snapshot
Despite a modest market debut, the IPO had seen strong demand during the subscription window.
Here’s how investor categories participated:
- Qualified Institutional Buyers (QIBs): 44x subscription
- Non-Institutional Investors (NIIs): 30x
- Retail Investors: 4.8x
- Total Bids vs Offer: Over 27 crore shares applied against 1.33 crore shares available
The response clearly confirmed broad-based interest across all investor classes.
Company Profile — Business Spread and Operations
Anand Rathi Share & Stock Brokers operates across multiple financial services verticals, including:
- Stock broking
- Wealth management
- Investment banking
- Commodity broking
- Capital market lending
It’s a known player under the broader Anand Rathi Group, which already has a listed entity through Anand Rathi Wealth, introduced to the markets in 2021.
Use of IPO Funds
As per the offer document, the company has earmarked funds from the IPO towards:
- ₹550 crore — Long-term working capital requirements
- Balance proceeds — General corporate purposes
Summary
To sum it up:
- Anand Rathi IPO shares listed at ₹432, a 4.35% premium to ₹414 issue price
- Stock spiked to ₹446.85, gaining nearly 8% intraday
- IPO drew 20.66x overall subscription, led by 44x QIB participation
- Funds are primarily directed towards working capital and corporate purposes
The listing may not have been explosive, but it was steady, confident, and well-aligned with market sentiment today.
Easy & quick
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