Anand Rathi Share & Stock Brokers IPO Day 1: Sustained Subscription with Employee & Retail Support

Mumbai, September 23, 2025: Anand Rathi Share & Stock Brokers Ltd’s ₹745 crore initial public offering opened today on a mixed note among investors. Till early afternoon, the IPO was partially subscribed, while the employee and retail categories have depicted relatively better traction.

Anand Rathi Share & Stock Brokers has reported a revenue of approximately ₹847.00 crore in FY25, compared to around ₹683.26 crore in FY24. FY25’s Profit After Tax (PAT) was ₹103.61 crore, up from ₹77.29 crore in the last fiscal. These figures indicate good top-line and profit growth, creating confidence among investors.

IPO Details & Anchor Book

The IPO is an entirely fresh issue with a price band of ₹393 to ₹414 per equity share. The issue opened for subscription on September 23  and will close on September 25, 2025. It will list on the exchanges on September 30, 2025. The company had raised around ₹220.49 crore from anchor investors before opening the issue to public subscription by issuing 53.26 lakh equity shares at ₹414 per share. The key anchor investors are HDFC MF, Kotak AMC, Quant MF, Aditya Birla Sun Life, SBI Life, etc. Subscription Status on Day 1

By midday, the IPO subscription was at around 0.12 times in total. The retail segment had subscribed at 0.22-times, while Non-Institutional Investors (NII) had subscribed 0.12-times. The Qualified Institutional Buyer (QIB) segment had witnessed minimal traction. Employee quota had witnessed better interest, reaching almost 0.75-times subscription by then.

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