Capital Markets - Listed on 30 September 2025
Anand Rathi Share Brokers (Capital Markets) closed its IPO window in 2025 and listed on NSE and BSE on 30 September 2025 at an upper band issue price of Rs 414, opening at Rs 432 for a listing gain of +4.3% and closing day one at Rs 445.55 (+7.6% on closing basis). The IPO was subscribed 20.66x overall - QIB 43.80x, HNI/NII 28.60x, Retail 4.78x. The total issue size was Rs 745 Cr (Fresh Issue Rs 745 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Capital Markets
Anand Rathi Share Brokers operates in the Capital Markets space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Anand Rathi Share Brokers issue was offered at an upper price of Rs 414 and raised approximately Rs 745 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 50 | +12.08% |
| Day 2 | Rs 50 | +12.08% |
| Day 3 | Rs 50 | +12.08% |
| Day 4 | Rs 50 | +12.08% |
| Day 5 | Rs 50 | +12.08% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Anand Rathi Share Brokers IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Anand Rathi Share Brokers IPO listed at +4.3% versus the upper issue price of Rs 414 on 30 September 2025.
Anand Rathi Share Brokers IPO was subscribed 20.66x overall. QIB portion was subscribed 43.80x, HNI / NII 28.60x and Retail 4.78x.
IPO GMP started at Rs 50 on Day 1 and moved to Rs 50 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.