Anand Rathi IPO Issue Subscribed 1.88x; Step-by-Step Guide to Check Allotment Status
- 25th September 2025
- 02:00 PM
- 3 min read
Summary
Ahead of listing, unlisted quotes pegged a 9–11% GMP over the IPO price. The Anand Rathi IPO closed at 1.88x overall (NIIs 3.89x; Retail 2.06x; QIBs 0.03x). Price band: ₹393–₹414; issue size: ₹745 crore (fresh issue); lot: 36 shares. Allotment: Sept 26; demat/refunds: Sept 29; listing: Sept 30 (NSE & BSE).Mumbai | September 25
The Anand Rathi Share and Stock Brokers IPO finished the bidding window with 1.88 times coverage, logging 25,078,716 bids against 13,363,342 shares at the close. Demand skewed decisively toward domestic risk capital—non-institutional investors at 3.89x and retail at 2.06x—while QIB participation remained measured at 0.03x. The Anand Rathi IPO price band was set at ₹393–₹414 for a ₹745-crore offer that is entirely a fresh issue (no OFS), pointing proceeds straight to the balance sheet.
Subscription details
Price Band: ₹393–₹414 per share. Issue Size: ₹745 crore, 100% fresh issue with no offer-for-sale component. Lot Size: 36 shares (applications in multiples thereafter). Allocation: QIB 50%, Retail 35%, NII 15%. Use of Proceeds: augment working capital and general corporate purposes. Book-running lead managers: Nuvama Wealth Management, Anand Rathi Advisors, DAM Capital Advisors. Registrar: MUFG Intime India Pvt Ltd.
Company Overview
Anand Rathi Share and Stock Brokers operates under the ‘Anand Rathi’ brand, offering retail and institutional broking, margin trading facilities (MTF), depository services, and distribution of financial products such as mutual funds, fixed‑income and IPOs. The franchise serves retail, HNI/UHNI, family offices and institutional clients through research-led advisory and omnichannel digital platforms. With domestic equity participation structurally higher, fresh capital is intended to support working capital, technology, distribution and client acquisition.
Key Dates
Basis of Allotment: September 26, 2025
Refunds / ASBA Release & Demat Credit: September 29, 2025
Listing (NSE & BSE): September 30, 2025
How to Check Allotment Status on NSE and BSE
On NSE
Step 1: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Step 2: Choose “Equity & SME IPO bid details.”
Step 3: Select “Anand Rathi Share and Stock Brokers.”
Step 4: Enter Application Number and PAN.
Step 5: Click Submit to view status (human verification or sign-in may be required).
On BSE
Step 1: Go to https://www.bseindia.com/investors/appli_check.aspx
Step 2: Under Issue Name, select “Anand Rathi Share and Stock Brokers.”
Step 3: Identify using Application Number or PAN.
Step 4: Complete the captcha and click Search.
Listing Drivers
With a fresh-issue-only construct and proceeds directed to working capital, the market will focus on throughput growth, cost discipline and capital efficiency post listing. Broader risk sentiment and final institutional allocations will shape debut-day trading.
Grey Market Premium
Ahead of listing, unlisted quotes indicated a 9–11% grey market premium over the IPO price. GMP is unofficial and volatile; read it as sentiment rather than guidance for listing performance.
Disclaimer: Grey market premium is unofficial and not regulated by SEBI. It only indicates market sentiment and should not be the sole factor in investment decisions.
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