Anand Rathi IPO: Strong Listing, Heavy Investor Interest Boosts Stock
Anand Rathi IPO: Anand Rathi Share & Stock Brokers Ltd. listed on the NSE at Rs.432 per share, a 4.35% premium over the issue price of Rs.414. Soon after, the stock surged further to Rs.446.85, reflecting an 8% gain and strong investor appetite.
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Anand Rathi IPO Subscription Frenzy
The firm’s Rs.745-crore IPO, which ran from September 23 to 25, witnessed overwhelming participation. Qualified Institutional Buyers (QIBs) led the rally with 44x subscription, followed by Non-Institutional Investors (30x) and retail investors (4.8x). Overall, the IPO was oversubscribed 20.66 times, receiving bids for over 27 crore shares against 1.33 crore shares available.
Grey Market Premium Buzz
Before the listing, the stock enjoyed strong grey market premium (GMP) activity. Reports suggested a premium of Rs.29–31 per share, signaling positive sentiment among investors. While GMP does not guarantee listing gains, it often reflects market enthusiasm for high-demand IPOs.
Anand Rathi Group Legacy
The company is part of the Anand Rathi Group, a well-established financial services conglomerate with businesses in stock broking, wealth management, investment banking, commodity broking, and capital market lending. Its wealth management arm, Anand Rathi Wealth, went public in 2021 and has since delivered healthy returns.
IPO Fund Utilization
From the issue proceeds, the company plans to allocate Rs.550 crore towards strengthening its long-term working capital, while the remaining funds will go towards general corporate purposes, supporting growth and expansion.
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