Anand Rathi Share and Stock Brokers Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its final day of subscription, with Anand Rathi Share's stock price set at ₹393-414 per share reflecting strong market reception. The ₹745.00 crore IPO reached 21.83 times by 5:05:58 PM on day three.
Anand Rathi Share IPO qualified institutional buyers segment leads with exceptional 46.25 times subscription, whilst non-institutional investors show exceptional 30.16 times and individual investors demonstrate moderate participation at 5.11 times, whilst employee segment shows moderate participation at 2.70 times and anchor investors show complete participation at 1.00 times.
IPO Subscription Status
| Date | QIB (Ex Anchor) | NII | Individual Investors | Employee | Total |
|---|---|---|---|---|---|
| Day 1 (September 23) | 0.01 | 0.56 | 0.61 | 1.51 | 0.45 |
| Day 2 (September 24) | 0.02 | 1.98 | 1.51 | 1.93 | 1.20 |
| Day 3 (September 25) | 46.25 | 30.16 | 5.11 | 2.70 | 21.83 |
Day 2 Subscription Details
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 53,26,086 | 53,26,086 | 220.50 |
| QIB (Ex Anchor) | 46.25 | 35,42,964 | 16,38,48,024 | 6,783.31 |
| Non-Institutional Buyers | 30.16 | 26,60,715 | 8,02,39,356 | 3,321.91 |
| Individual Investors | 5.11 | 62,08,335 | 3,17,43,828 | 1,314.19 |
| Total | 21.83 | 1,26,69,083 | 27,65,25,720 | 11,448.17 |
Key Highlights - Day 3:
- Overall subscription reached exceptional 21.83 times, showing remarkable transformation from day two's 1.20 times with explosive final-day momentum
- Qualified institutional buyers (ex-anchor) displaying exceptional interest at 46.25 times, building massively from day two's 0.02 times showing dramatic institutional confidence surge
- Non-institutional investors showing exceptional performance at 30.16 times, building substantially from day two's 1.98 times with bNII segment leading at 32.01 times
- Individual investors demonstrating moderate confidence at 5.11 times, building significantly from day two's 1.51 times showing improved retail sentiment
- Total applications reached 7,95,213, indicating massive investor participation for this mainboard IPO
- Cumulative bid amount reached ₹11,448.17 crores, representing massive 1,537% of the issue size of ₹745.00 crores
Key Highlights - Day 2:
- Overall subscription reached limited 1.20 times, showing improvement from day one's 0.45 times but remaining below full subscription
- Non-institutional investors showing moderate performance at 1.98 times, building substantially from day one's 0.56 times with sNII segment leading at 3.10 times
- Individual investors demonstrating moderate confidence at 1.51 times, building significantly from day one's 0.61 times
Key Highlights - Day 1:
- Overall subscription reached limited 0.45 times, showing weak initial investor interest in this broking sector IPO
- Individual investors showing limited confidence at 0.61 times, reflecting cautious retail sentiment for the financial services offering
- Non-institutional investors demonstrating limited performance at 0.56 times, with sNII segment at 0.91 times and bNII at 0.39 times
About Anand Rathi Share & Stock Brokers Ltd.
Incorporated in 1991, Anand Rathi Share and Stock Brokers Limited is a full-service broking company offering equity, derivatives, commodities, and currency market services through 90 branches and 1,125 authorised agents across 290 cities, serving clients with margin trading facilities and financial product distribution.
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