
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
Overall Subscription
15.77x
Total Demand
QIB Multiplier
26.58x
Institutions & Funds
NII / HNI
29.07x
High Net-Worth
Retail (RII)
4.44x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 3,542,964 | 94,180,140 | 26.58x |
| NIB | 2,660,715 | 77,338,800 | 29.07x |
| HNIs(10L +) | 1,773,810 | 55,098,216 | 31.06x |
| HNIs (2-10L) | 886,905 | 22,240,584 | 25.08x |
| RETAIL | 6,208,335 | 27,573,732 | 4.44x |
| EMPLOYEES | 257,069 | 670,788 | 2.61x |
| Total | 15,329,798 | 277,102,260 | 15.77x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 172,454 | 652,159 | 3.78x |
| EMPLOYEES | — | 7,469 | 0.00x |
| HNIs(10L +) | 3,519 | 19,529 | 5.55x |
| HNIs (2-10L) | 1,760 | 42,693 | 24.26x |
| Total Applications | 177,733 | 721,850 | 4.06x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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 (GMP) for Anand Rathi Share & Stock Brokers Limited IPO is ₹23 per equity share. Based on the upper price band of ₹393 to ₹414 per equity share, the estimated listing price is ₹437 (+5.6% expected listing gain).
With a lot size of 36 shares and current GMP of ₹23, the expected profit per application lot is approx ₹828 (+5.6% gain). Minimum application cost is approx ₹14,904.
The Anand Rathi Share & Stock Brokers Limited IPO aggregate issue size is ₹745 Crores with an equity price band set at ₹393 to ₹414 per equity share. The retail lot size is 36 shares requiring a minimum capital outlay of approx. ₹14,904.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 15.77x (Retail: 4.44x, QIB: 26.58x, NII: 29.07x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Ltd (MUFG)) and the BSE status verification website on or around 2025-09-26. Investors can verify status using PAN card or application number.
Anand Rathi Share & Stock Brokers Limited shares are scheduled to list on NSE and BSE on 2025-09-30.