Anand Rathi Share & Stock Brokers IPO Opens Amid Modest Investor Sentiment

Anand Rathi Share & Stock Brokers has launched its Initial Public Offering (IPO) on September 23, 2025, aiming to raise ₹745 crore through a fresh issue of equity shares. The IPO is priced between ₹393 and ₹414 per share, with the grey market premium (GMP) indicating a modest investor sentiment. The offering is open for subscription until September 25, 2025.

IPO Details and Pricing
The IPO comprises a fresh issue of 1.79 crore equity shares, with no offer for sale component. The price band has been set at ₹393 to ₹414 per share, translating to a market capitalization of approximately ₹2,502 crore to ₹2,596 crore at the upper end of the price band. The lot size for retail investors is 36 shares, requiring a minimum investment of ₹14,904 at the upper price band.

Grey Market Premium and Subscription Trends
As of the opening day, the GMP stands at ₹31, suggesting a potential listing gain of about 7.5% over the upper price band. The subscription status on Day 1 indicates a mixed response, with retail investors showing interest, while institutional segments remain relatively subdued. The final subscription figures will provide clearer insights into investor confidence.

Utilization of IPO Proceeds
The funds raised through the IPO are intended to meet the company’s long-term working capital requirements and for general corporate purposes. The infusion of capital is expected to bolster the company’s financial position and support its growth initiatives.

Conclusion
The Anand Rathi Share & Stock Brokers IPO presents an opportunity for investors to participate in a well-established brokerage firm. While the modest GMP reflects cautious investor sentiment, the company’s robust business model and expansion plans may offer long-term value. Potential investors are advised to assess their risk appetite and consider the company’s fundamentals before making investment decisions.