Anand Rathi IPO Opens with Strong Demand: 12% Subscribed on Day 1 – What Investors Need to Know

Stock Market Today: Anand Rathi IPO Starts with Positive Momentum

The Anand Rathi Share and Stock Brokers IPO made its much-awaited debut on September 23, 2025, capturing immediate investor interest. The initial public offering (IPO), valued at ₹745 crore, opened with strong demand, with the issue already 12% subscribed as of 11:30 AM on the first day of bidding.

Here's a breakdown of the IPO performance so far:

• Total Shares on Offer: 1.34 crore
• Bids Received (as of 11:30 AM): 16 lakh shares
• Subscription Rate: 12% (on Day 1)
• Investor Segments:
  
  • Retail Investors: 18% of their reserved portion
    
    
  • Non-Institutional Investors (NIIs): 11% of their reserved portion
    
    
  • Qualified Institutional Buyers (QIBs): No significant bids yet
    
    

  The Anand Rathi IPO has clearly sparked attention, but will the momentum sustain through the end of the bidding period? Let's explore the details that investors should be keeping a close eye on.
  

  What’s Driving the Anand Rathi IPO?

  The Mumbai-based brokerage firm, Anand Rathi Share and Stock Brokers, is looking to raise ₹745 crore through its fresh issue of shares. The price band for the IPO is ₹393 to ₹414 per share, giving investors the chance to invest in a company that’s firmly embedded in the growing Indian financial sector.

  Here’s the breakdown of the IPO structure:

  • IPO Size: ₹745 crore
    
    
  • Price Band: ₹393 to ₹414 per share
    
    
    • Minimum Investment: ₹14,904 for 36 shares at the upper price band
      
      
    • Investor Reservations:
      
      
      • 50% Reserved for QIBs
        
        
      • 35% Reserved for Retail Investors
        
        
      • 15% Reserved for Non-Institutional Investors
        
        
    The company intends to use the proceeds for its long-term working capital requirements (₹550 crore) and for general corporate purposes.
    

    Key Details About Anand Rathi Share and Stock Brokers

    Anand Rathi Share and Stock Brokers is no stranger to the financial world. The company is part of the Anand Rathi Group, a recognized name in the Indian capital markets. Its IPO marks a major milestone for the firm as it looks to expand its footprint in the growing retail investor base and leverage its technology-led platforms.

    The company has a diversified revenue model that includes:

    • Equity Brokerage
      
      
    • Mutual Fund Distribution
      
      
    • Wealth Management Services
      
      
    • Institutional Equity Services
      
      

    With India’s stock market booming, particularly with the rise of retail investors, Anand Rathi is well-positioned to tap into a growing pool of opportunities.

     Anand Rathi IPO: Anchor Investors Show Confidence

    Just before the IPO opened, Anand Rathi Share and Stock Brokers announced a successful anchor book placement, raising ₹220.5 crore from 15 anchor investors. These investors include well-known names such as:

    • HDFC Mutual Fund
      
      
    • Kotak Mahindra AMC
      
      
    • Quant Mutual Fund
      
      
    • SBI Life Insurance
      
      

    Each of these firms showed confidence in the company by picking up shares worth ₹20.08 crore or more. This backing by some of India’s largest and most trusted investors is a strong sign of institutional confidence in the company’s future.

    
    

    Important Dates to Keep in Mind

    For investors looking to participate in the Anand Rathi IPO, here are some key dates to remember:

    • IPO Opening Date: September 23, 2025
      
      
    • IPO Closing Date: September 26, 2025
      
      
    • Allotment Finalization: Likely by September 27, 2025
      
      
    • Listing Date: September 30, 2025
      
      

    It’s a tight window, so if you’re interested, it’s essential to act fast.

    
    

    What Investors Need to Know About the Valuation

    At the upper price band of ₹414 per share, Anand Rathi is valued at a P/E ratio of 18.4x based on FY25 earnings. This is in line with its peers in the industry, which means the pricing doesn’t appear overly stretched when compared to other listed brokers.

    What makes Anand Rathi stand out is its diversified revenue base, superior client monetization, and its ability to tap into scalable, technology-driven platforms. These factors give it a competitive edge in an increasingly digital financial world.

     Summary: Anand Rathi IPO – Strong Start, What’s Next?

    The Anand Rathi IPO has kicked off on a positive note, and investor interest is growing as expected. Here’s what we know so far:

    • 12% Subscription on Day 1—strong demand from retail and non-institutional investors
      
      
    • Anchor Backing from big names like HDFC Mutual Fund and SBI Life Insurance
      
      
    • Robust Financial Profile, with diversified revenue streams
      
      
    • Attractive Valuation with a P/E ratio of 18.4x
      
      

    If you’re looking at the stock market today, the Anand Rathi IPO is definitely one to watch. It’s poised to benefit from the ongoing rise in retail participation and its solid standing in India’s growing financial services market.