
Financial Services · NSE / BSE
Anand Rathi Share and Stock Brokers Limited, incorporated in 1991, is a full-service broking company and part of the Anand Rathi Group, offering a wide range of financial services. Under the ‘Anand Rathi’ brand, it provides broking services across equity, derivatives, commodities, and currency markets, along with margin trading facilities and distribution of investment products like mutual funds, AIFs, bonds, fixed deposits, and PMS. As of March 31, 2025, the company operated through 90 branches, 1,125 authorized agents across 290 cities, and online platforms, serving retail, HNI, UHNI, and institutional clients nationwide, with 84.36% of its active clients aged over 30. Backed by over three decades of experience, it employed 2,082 people as of March 2025.
Price Band
₹393 – ₹414
Issue Size
₹745 Cr
Lot Size
36 shares
GMP
+5.6%
Est. Listing
₹437
at current GMP
Subscribed
15.77x
overall
Open
23 Sep 2025
Close
25 Sep 2025
Allotment
26 Sep 2025
Refund
27 Sep 2025
Demat Credit
28 Sep 2025
Listing
30 Sep 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹414
Band: ₹393 – ₹414
Estimated Listing Price
₹437
Upper price + GMP
Lot Size
36 shares
Min investment ₹14,904
Estimated Profit / Lot
₹828
36 × ₹23
Grey Market Premium trend
+₹23
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹23 | 5.6% | ₹437 |
| 30 Oct 2026 | +₹23 | 5.6% | ₹437 |
| 29 Oct 2026 | +₹21 | 5.0% | ₹435 |
GMP is unofficial market data. Not a guarantee of listing performance.
Anand Rathi Share & Stock Brokers Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹745 Crores. The shares are offered at a price band of ₹393 to ₹414 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-09-25, the basis of allotment is scheduled to be finalized on 2025-09-26. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Ltd (MUFG)) or the BSE allotment checking window.
The latest grey market premium for Anand Rathi Share & Stock Brokers Limited IPO is ₹23, which indicates an expected listing price of ₹437.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.