Investor Frenzy: Anand Rathi Share And Stock Broker IPO Fully Subscribed On Day 2

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The initial public offering of Anand Rathi Share and Stock Brokers Ltd has garnered robust investor interest, achieving full subscription by the second day of bidding. According to exchange data released on September 24, 2025, the IPO received bids for 100 percent of the shares on offer, signaling strong demand across retail, institutional, and non-institutional investor categories.

The offering, which opened on September 23, aims to raise capital for business expansion, technology upgrades, and working capital needs. The company is a subsidiary of Anand Rathi Financial Services and operates in equity broking, wealth management, and distribution services.

Key highlights from the IPO subscription:

- IPO size: Rs 570 crore, comprising fresh issue and offer for sale
- Price band: Rs 295 to Rs 310 per share
- Retail portion subscribed 1.8 times, indicating strong retail appetite
- Qualified institutional buyers subscribed 0.95 times, with more bids expected on Day 3
- Non-institutional investors oversubscribed 1.3 times

Strategic Context And Market Sentiment

The IPO comes amid buoyant equity markets and rising investor interest in financial services firms. Anand Rathi’s strong brand recall, diversified revenue streams, and scalable digital platforms have contributed to positive sentiment.

Analysts expect the issue to be oversubscribed by the final day, with listing gains likely if broader market conditions remain supportive. The company’s focus on expanding its client base and enhancing digital infrastructure is seen as a key growth driver post-listing.

Sources: NSE India IPO Data, BSE Corporate Filings, Economic Times Markets Desk, BusinessLine Financial Services Tracker.