The Anand Rathi Share & Stock Brokers Ltd. IPO is now in its third and final subscription day, drawing attention from both retail and institutional investors. With strong financial performance and a growing client base, Anand Rathi is one of the most anticipated IPOs in the brokerage sector this year. Here’s a detailed look at the latest subscription trends, grey market premium (GMP), and other key details.
IPO Subscription Status (Day 3)
As of September 25, 2025, the IPO has been subscribed 1.74 times overall, with category-wise subscription as follows:
Qualified Institutional Buyers (QIBs): 0.02x
Non-Institutional Investors (NIIs): 1.98x
Retail Individual Investors (RIIs): 1.51x
Employees: 1.83x
The data reflects strong interest from NIIs and retail investors, while QIB participation remains modest (ipowatch.in).
Grey Market Premium (GMP)
The GMP for Anand Rathi’s IPO is around ₹35, indicating a potential listing price of ₹449 (upper price band ₹414 + GMP ₹35). This suggests a possible 8-9% listing gain for investors (ndtvprofit.com).
IPO Details
Issue Size: ₹745 crore (entirely fresh issue)
Price Band: ₹393 – ₹414 per share
Lot Size: 36 shares (minimum investment ₹14,904)
Listing Date: September 30, 2025 (tentative)
Allotment Date: September 26, 2025
Refunds & Credit to Demat Accounts: September 29, 2025
Company Overview
Anand Rathi Share & Stock Brokers Ltd. offers:
Broking Services: Equities, derivatives, commodities, and currency markets
Margin Trading Facilities (MTF)
Financial Product Distribution: Mutual funds, insurance, and other investment products
The company has a strong presence with over 2.2 lakh active clients, 90 branches in 54 cities, and 1,125 authorized persons across 290 cities (m.economictimes.com).
Financial Highlights
Revenue (FY25): ₹846 crore (CAGR 34% FY23-FY25)
Profit After Tax (PAT): ₹104 crore (CAGR 66% FY23-FY25)
EBITDA Margin: 36.8%
PAT Margin: 12.3%
Return on Equity (ROE): 23.1%
The numbers reflect a strong growth trajectory and healthy profitability, making the IPO attractive for long-term investors.
Should You Apply?
For Long-Term Investors:
The company’s strong fundamentals, expanding client base, and market position in the brokerage sector make it suitable for a long-term portfolio addition.
For Short-Term Investors:
A positive GMP indicates potential listing gains, but investors should consider market conditions and risk appetite before applying.
Conclusion
Anand Rathi’s IPO on Day Three demonstrates strong subscription trends, particularly among retail and non-institutional investors. With a healthy GMP and solid financial performance, it is a notable IPO for both short-term listing gains and long-term investment opportunities.
FAQs
Q1: What is the expected listing date for Anand Rathi IPO?
Tentatively September 30, 2025.
Q2: How much is the Grey Market Premium (GMP)?
Around ₹35, suggesting a potential listing price of ₹449.
Q3: What is the lot size and minimum investment?
36 shares, minimum investment of ₹14,904.
Q4: Which investor category is showing the most interest?
Non-Institutional Investors (NIIs) and Retail Investors.
Q5: Should I apply for this IPO?
Investors seeking long-term growth may consider applying, while short-term investors can watch for potential listing gains based on GMP trends.
Published on : 25th September
Published by : SMITA
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