Anand Rathi Share & Stock Brokers IPO Subscription Status
Anand Rathi Share & Stock Brokers IPO was subscribed 21.8 times when bidding closed on 25 Sep 2025: QIB 46.15x, NII 30.13x, Retail 5.11x.
The Anand Rathi Share & Stock Brokers IPO has been subscribed 21.8x times overall. Retail investors have shown interest with bids for 5.11x the shares available. The Non-Institutional Investor (NII) category has been subscribed 30.13x. Within NII, Big HNI (B-HNI) subscribed 31.98x and Small HNI (S-HNI) subscribed 26.42x. Qualified Institutional Buyers (QIBs) have subscribed 46.15x. Data last updated on 10 Nov, 01:05 AM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 23 Sep, 2025 and closes on 25 Sep, 2025. The shares are expected to list on stock exchanges on 30 Sep, 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 46.15x |
| NII | - of - - | 30.13x |
bHNI — bid amount above ₹10 Lakh |
- - | 31.98 |
sHNI — bid amount ₹2–10 Lakh |
- - | 26.42 |
| Retail | - of - - | 5.11x |
| Employee | - of - - | 2.7x |
| TOTAL | - 7,79,588 applications - | 21.8x |
Anand Rathi Share & Stock Brokers IPO Basis of Allotment
Final Final figures published by the registrar, after technical rejections. Allotment price ₹414.
| Category | AppsApplications | GotAllottees | Odds |
|---|---|---|---|
| TOTAL 15.55x subscribed | 7,79,588 | 1,79,205 | 1 out of 41 out of 4 |
Anand Rathi Share & Stock Brokers IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 19.6% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 46.15x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
25 Sep 2025
Day 3 |
21.8x | ▼ | |
|
QIB46.15x
BHNI31.98x
SHNI26.42x
Retail5.11x
Employee2.7x
|
|||
|
24 Sep 2025
Day 2 |
1.2x | ▼ | |
|
QIB0.02x
BHNI1.43x
SHNI3.1x
Retail1.51x
|
|||
|
23 Sep 2025
Day 1 |
0.45x | ▼ | |
|
QIB0.01x
BHNI0.39x
SHNI0.91x
Retail0.61x
|
|||
Anand Rathi Share & Stock Brokers IPO dates
From the bidding window to listing. Today is 10 November.
- Open 23 Sep 2025
- Close 25 Sep 2025
- Allotment 26 Sep 2025
- Refund/credit 29 Sep 2025
- Listing 30 Sep 2025
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Anand Rathi Share & Stock Brokers IPO?
As of IPO close date (25 Sep, 2025), the Anand Rathi Share & Stock Brokers IPO is subscribed 21.8x times. Retail category is 5.11x, and NII is 30.13x subscribed.
When is the allotment date for Anand Rathi Share & Stock Brokers IPO?
The allotment for Anand Rathi Share & Stock Brokers IPO is expected to be finalized on 26 September, 2025.
What is the GMP of Anand Rathi Share & Stock Brokers?
The Grey Market Premium (GMP) for Anand Rathi Share & Stock Brokers is currently ₹27, indicating a potential listing gain of 7%.
When will Anand Rathi Share & Stock Brokers IPO list on the stock market?
Anand Rathi Share & Stock Brokers is scheduled to list on BSE and NSE on 30 September, 2025.
What are the chances of getting allotment in Anand Rathi Share & Stock Brokers IPO?
The retail category is oversubscribed at 5.11x, meaning allotment is by lottery. Statistically, approximately 1 in 6 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 46.15x mean for Anand Rathi Share & Stock Brokers IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 46.15x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Anand Rathi Share & Stock Brokers IPO allotment status?
After the allotment date (26 Sep, 2025), you can check your Anand Rathi Share & Stock Brokers IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Anand Rathi Share & Stock Brokers IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
