ANKUR TYAGI
The Anand Rathi Share & Stock Brokers Ltd IPO entered the Indian primary market on September 23, 2025, and remains open for subscription until September 25, 2025. The issue is proposed for listing on both BSE and NSE.
Anand Rathi IPO Key Details
- IPO Open Dates: September 23 to September 25, 2025
- Price Band: ₹393 – ₹414 per equity share
- Issue Size: ₹745 crore (fresh issue of shares)
- Listing: BSE and NSE
The book-built issue aims to strengthen the company’s capital base while supporting its expansion in financial services.
Anand Rathi IPO GMP Today
Market observers report that the grey market premium (GMP) for Anand Rathi IPO is around ₹45 per share. Based on the upper price band of ₹414, this indicates a potential 11% listing gain, with an estimated listing price of around ₹459 per share.
Anand Rathi IPO Subscription Status (Day 2)
As of 5:00 PM on the second day of bidding:
- Overall Subscription: 1.11 times
- Retail Investors (RII): 1.37 times
- Non-Institutional Investors (NII): 1.88 times
- Qualified Institutional Buyers (QIBs): 0.02 times
This shows strong interest from retail and HNI investors, while institutional demand remains muted so far.
Should You Apply for Anand Rathi IPO?
- Positives: Established financial services brand, growing retail participation, and a decent GMP signal a healthy listing gain.
- Risks: Subscription demand from institutional investors is currently low, which may influence post-listing performance.
Investors seeking short-term listing gains may find this IPO attractive, while those with a long-term view should consider fundamentals before investing.
Bottom Line
The Anand Rathi IPO is drawing attention in the market with a stable GMP and positive retail response. With the issue closing on September 25, 2025, investors have a short window to decide. The final outcome will depend on subscription momentum and listing-day demand.
Abhishek Sinha
