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Anand Rathi IPO: The initial public offering (IPO) of Anand Rathi Share and Stock Brokers concluded its second day of bidding today, September 23, with the issue subscribed 1.11 times. The company aims to raise Rs 747 crores through the public offering.

Investors bid for 1.48 crore shares against the total of 1.33 crore shares on offer, with Qualified Institutional Buyers(QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs), subscribing 0.02 times, 1.88 times, and 1.37 times, respectively.

In simpler terms, QIBs bid for 75,456 shares out of 37.40 lakh shares reserved, NIIs bid for 52.77 lakh shares out of the allotted 28.05 lakh shares, and RIIs bid for 89.85 lakh shares out of 65.45 lakh shares reserved.

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The IPO is entirely a fresh issue of shares, and has a price band of Rs 393 to Rs 414 per equity share with a face value of Rs 5 per share. The issue size is approximately Rs 745 crores, comprising a fresh issue of 1.80 crore shares. The minimum lot size is 36 shares, which translates to the minimum investment of Rs 14,904. The company plans to use the IPO proceeds for funding long-term working capital requirements and for general corporate purposes.

Price band: Rs 393 to Rs 414 apiece

Issue size: Rs 745 crores through a fresh issue of 1.80 crore shares

Subscription period: September 23 to September 25, 2025

Allotment date: September 26, 2025

Listing date: Expected on September 30, 2025, on BSE and NSE

Lot size: Minimum bid of 36 shares, amounting to Rs 14,904 at the upper price band

Anand Rathi Share and Stock Brokers Limited is a full-service brokerage house in India with more than 30 years of experience. The company offers a range of financial services, including broking, margin trading facilities, and the distribution of investment products. 

Financially, the company reported a 24 per cent increase in revenue and a 34 per cent rise in profit after tax (PAT) for the year ending March 31, 2025, with total income reaching Rs 847 crores and PAT of Rs 103.61 crores.

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Currently working as a trainee Sub-Editor at Zee Business, Shristi Rani is passionate about storytelling and delivering content that engages diverse audiences across digital platforms.

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