Brokerage agency Anand Rathi Share and Inventory Brokers, whose IPO garnered wholesome investor curiosity with subscription crossing over 20 instances, is ready to debut on the bourses on Tuesday, September 30.
In accordance with market sources, the corporate’s shares are commanding a gray market premium (GMP) of ₹27 forward of itemizing. Based mostly on the higher band problem value of ₹414 and the present GMP, the estimated itemizing value comes at ₹441 per share, about 6.52% greater than the difficulty value.
The gray market premium displays the anticipated distinction between an IPO’s problem value and its anticipated itemizing value within the unofficial market. Nonetheless, analysts warning that GMP is barely an early indicator and shouldn’t be the only consider making funding selections.
Harshal Dasani, Enterprise Head at INVasset PMS, mentioned India’s financialization theme continues to assist platforms like Anand Rathi, although revenues will stay delicate to fairness market cycles. “The GMP factors to a modest premium, indicating honest urge for food for listing-day motion,” he famous.
In contrast to pure-play itemizing pops, Dasani added, this IPO gives a medium-term maintain story, giving traders publicity to structural development in capital markets together with affordable near-term itemizing prospects.
Anand Rathi IPO particulars
The IPO, open between September 23 and 25, acquired bids for 27.65 crore shares in opposition to a proposal of 1.26 crore shares, leading to a subscription of practically 222 instances.
The retail portion was subscribed 5.11 instances, whereas non-institutional traders (NIIs) confirmed strong demand at 30.16 instances. The certified institutional patrons (QIBs) class noticed the best curiosity, subscribed 46.25 instances, whereas the worker portion was subscribed 2.70 instances.
The ₹745 crore IPO consists totally of a recent problem of 1.80 crore shares, with a value band set at ₹393– ₹414 per share.
About Anand Rathi
Anand Rathi Share and Inventory Brokers, valued at ₹2,600 crore, operates as a full-service brokerage agency that provides broking companies, margin buying and selling, and the distribution of monetary merchandise beneath the Anand Rathi model.
As of March 31, 2025, the corporate gives broking companies via 90 branches, 1,125 licensed brokers throughout 290 cities, and on-line platforms, serving shoppers in Tier 1, Tier 2, and Tier 3 cities.
The corporate’s monetary efficiency up to now few years has been strong, with income in FY25 rising by 34 per cent to ₹103.6 crore in comparison with ₹77.3 crore within the prior yr. Throughout the identical fiscal interval, income grew by 24 per cent, reaching ₹845.7 crore, up from ₹681.8 crore.
Disclaimer: This story is for academic functions solely. The views and suggestions made above are these of particular person analysts or broking firms, and never of Mint. We advise traders to examine with licensed consultants earlier than making any funding selections.
