Anand Rathi IPO Opens For Subscription: IPO GMP Today Indicates 7.5% Listing Gains; Should You Bid?

Anand Rathi IPO Opens Today: The Rs 745 crore worth of initial public offering (IPO) of Anand Rathi Share and Stock Brokers Limited will open for subscription on Tuesday, September 23. The mainboard IPO will remain open for subscription till Thursday, September 25.

For investors who are willing to invest in the Anand Rathi Share and Stock Brokers Limited IPO, here are all the details related to the issue, from its lot size, grey market premium today (GMP today), to recommendation.

Anand Rathi IPO GMP Today

Anand Rathi share IPO GMP today stood at Rs 31, according to investorgain.com at 7:58 am. Considering the company's IPO GMP, its estimated listing price is Rs 445 (sum of cap price and GMP). As per the website, the issue is expected to open with a percentage gain/loss per share of 7.49%.

Anand Rathi IPO GMP witnessed a sharp surge a day before the opening of its subscription period, ie Monday. Its IPO gmp surged from Rs 24 to Rs 31. Investors must note that an IPO's gmp indicates its demand in the unregulated grey market, hence it is not an exact indicator of the IPO's performance.

Anand Rathi Subscription Status

Anand Rathi Subscription status and details about the same in segments like retail, anchor investors, HNII, etc will be updated from 10 am.

The IPO will remain open for subscription till September 25. The allotment for Anand Rathi IPO is expected to be finalised on September 26, 2025, and the company stock will be listed on the BSE and NSE likely on September 30.

Anand Rathi IPO Subscription Today: Check Price Band, Lot Size, Other Info

The company has fixed a price band of Rs 393 to Rs 414 per share. The lot size for an application is 36. Hence the minimum amount of investment required by a retail is Rs 14,904 for 36 shares.

Additionally, the lot size investment for sNII is 14 lots, equivalent of 504 shares. These shares amount to Rs 2,08,656 and for bNII, it is 68 lots, equivalent to Rs 10,13,472.
The Anand Rathi IPO subscription is managed by book running lead manager, Nuvama Wealth Managemet Limited, and MUFG Intime India Private Limited, the registrar of the issue.

Anand Rathi IPO Opens Today: Should You Subscribe?

Anand Rathi Share & Stock Brokers Limited (ARSSBL) is a full-service brokerage house with more than three decades of experience.The brokerage firm deals with retail, HNI, UHNI, and institutional investors across multiple asset classes, including equities, derivatives, commodities, and currency.

The company is positioned for growth supported by rising retail investor participation, its diversified business model, and robust client franchise, stated SBI Securities in its IPO note.

"At the lower and upper price bands, Anand Rathi Share & Stock Brokers Ltd. is valued at an FY25 P/E of 23.8x/25.1x on a post-issue capital basis. Backed by the strong Anand Rathi Group brand, ARSSBL stands out with one of the highest ARPCs in the industry," stated the brokerage in its report.

Considering the strong growth outlook of the company, SBI Securities has recommended investors to 'recommend' Anand Rathi IPO. "Considering the growth potential of the capital markets over the period FY25-28P at a CAGR of 16-18%, we recommend that investorsto SUBSCRIBE to the issue for the long term at the cut-off price."

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