Anand Rathi Share IPO Subscription Status
Anand Rathi Share IPO closed on 25 September 2025 with an overall subscription of 21.83x based on shares applied. QIB demand came in at 46.25x, NII at 30.16x, and retail at 5.04x.
Allotment will be finalised on 26 September 2025. The stock is scheduled to list on NSE and BSE on 30 September 2025.
Issue Price
Rs 414.00
GMP Today
Rs 31.00 (+7.49%)
Overall Subscription
21.83x
Issue Size
₹745.00 Cr
Allotment Date
26 Sept 2025
Listing Date
30 Sept 2025
Anand Rathi Share IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 414.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 146.68 Cr | Rs 6,783.31 Cr | 46.25x |
| FII | - | Rs 1,616.77 Cr | - |
| DFI | - | Rs 3,971.45 Cr | - |
| Mutual Funds | - | Rs 109.98 Cr | - |
| Other | - | Rs 1,085.10 Cr | - |
| NII | Rs 110.15 Cr | Rs 3,322.03 Cr | 30.16x |
| bNII (above Rs 10L) | Rs 73.44 Cr | Rs 2,350.83 Cr | 32.01x |
| Corporate | - | Rs 144.89 Cr | - |
| Individual | - | Rs 2,119.39 Cr | - |
| Other | - | Rs 86.56 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 36.72 Cr | Rs 971.20 Cr | 26.45x |
| Corporate | - | Rs 5.99 Cr | - |
| Individual | - | Rs 921.59 Cr | - |
| Other | - | Rs 43.62 Cr | - |
| Retail | Rs 257.03 Cr | Rs 1,295.70 Cr | 5.04x |
| Cut-off price | - | Rs 1,029.70 Cr | - |
| Fixed price | - | Rs 266.00 Cr | - |
| Employee | Rs 10.64 Cr | Rs 28.76 Cr | 2.70x |
| Cut-off price | - | Rs 18.85 Cr | - |
| Fixed price | - | Rs 9.91 Cr | - |
| Total | Rs 524.50 Cr | Rs 11,429.80 Cr | 21.79x |
Anand Rathi Share IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 35,42,964 | 526 | 0.00x |
| FII | - | 21 | - |
| DFI | - | 33 | - |
| Mutual Funds | - | 8 | - |
| Other | - | 464 | - |
| NII | 5,279 | 65,611 | 12.43x |
| bNII (above Rs 10L) | 3,519 | 20,525 | 5.83x |
| Corporate | - | 181 | - |
| Individual | - | 19,492 | - |
| Other | - | 852 | - |
| sNII (Rs 2L to Rs 10L) | 1,760 | 45,086 | 25.62x |
| Corporate | - | 230 | - |
| Individual | - | 42,802 | - |
| Other | - | 2,054 | - |
| Retail | 1,72,454 | 7,48,241 | 4.34x |
| Cut-off price | - | 5,89,203 | - |
| Fixed price | - | 1,59,038 | - |
| Employee | 7,141 | 7,892 | 1.11x |
| Cut-off price | - | 5,983 | - |
| Fixed price | - | 1,909 | - |
| Total | 37,27,838 | 8,22,270 | 0.22x |
What Do These Subscription Numbers Mean?
A subscription of 21.83x by shares means the IPO received bids for 22 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 46.25x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 46.25x, it reflects serious institutional conviction.
NII at 12.43x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 5.83x and sNII at 25.62x by applications. Share subscription was 30.16x. Allotment uses application count, not share volume.
At 4.34x subscription by applications, approximately 1 in 4 retail applicants can expect an allotment (~23% per application). Retail allotment is done by lottery when oversubscribed. Share subscription was 5.04x. Allotment uses application count, not share volume.
At 1.11x subscription by applications, approximately 1 in 1 employee applicants can expect an allotment (~90% per application). Employee reservation uses the same lottery logic as retail when oversubscribed.
Anand Rathi Share IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 4.34x.
- •Allotment odds: about 1 in 4 (~23% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •Share subscription was 5.04x. Allotment uses application count, not share volume.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 25.62x.
- •Allotment odds: about 1 in 26 for a minimum-lot application (~4% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 26.45x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 5.83x.
- •Allotment odds: about 1 in 6 for a minimum-lot application (~17% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 32.01x. Allotment uses application count, not share volume.
Check the Anand Rathi Share IPO Allotment Status page from 26 September 2025 for your allotment result.
Anand Rathi Share IPO GMP After Subscription
GMP for Anand Rathi Share IPO stands at Rs 31.00 today, giving an estimated listing price of Rs 445.00 per share.
A subscription of 21.83x combined with a GMP of 7.49% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Anand Rathi Share IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Anand Rathi Share IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 23 Sept 2025 | 0.01x | 0.56x | 0.61x | 0.45x |
| Day 2 - 24 Sept 2025 | 0.02x | 1.98x | 1.51x | 1.20x |
| Day 3 - 25 Sept 2025 | 46.25x | 30.16x | 5.11x | 21.83x |
Anand Rathi Share IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 23 September 2025 |
| IPO Close Date | 25 September 2025 |
| Allotment Date | 26 September 2025 |
| Refund Initiation | 27 September 2025 |
| Share Credit to Demat | 27 September 2025 |
| Listing Date | 30 September 2025 |
| Minimum Investment | Rs 14,904.00 |
| Lot Size | 36 shares |
About Anand Rathi Share IPO
Anand Rathi is a full-service brokerage house in India with over 30 years of experience. The company provides a wide range of financial services, including broking, margin trading facilities, and the distribution of financial products to a diverse clientele of retail, high net worth individuals, and institutions. The company's services cover multiple asset classes such as equity, derivatives, commodities, and currency markets.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Anand Rathi Share IPO Subscription FAQs
What is Anand Rathi Share IPO IPO subscription status today?
Anand Rathi Share IPO IPO subscription closed on 25 September 2025 with overall subscription of 21.83x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 46.25x, NII 12.43x, Retail 4.34x.
What is the overall subscription of Anand Rathi Share IPO IPO?
Anand Rathi Share IPO IPO is subscribed 21.83x overall by shares at close on 25 September 2025. QIB 46.25x, NII 12.43x, and Retail 4.34x.
What is Anand Rathi Share IPO IPO QIB subscription?
Anand Rathi Share IPO IPO QIB (Qualified Institutional Buyers) subscription is 46.25x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Anand Rathi Share IPO IPO Retail subscription?
Anand Rathi Share IPO IPO Retail subscription is 4.34x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Anand Rathi Share IPO IPO NII subscription?
Anand Rathi Share IPO IPO NII (Non-Institutional Investors) subscription is 12.43x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Anand Rathi Share IPO IPO for retail?
At 4.34x subscription by applications, approximately 1 in 4 retail applicants can expect an allotment (~23% per application). Allotment is done by lottery. Share subscription was 5.04x. Allotment uses application count, not share volume.
When is Anand Rathi Share IPO IPO allotment date?
Anand Rathi Share IPO IPO allotment date is 26 September 2025. Check Anand Rathi Share IPO Allotment Status on IPOwiz from that day using your PAN.
When does Anand Rathi Share IPO IPO subscription close?
Anand Rathi Share IPO IPO subscription closed on 25 September 2025. No new applications are accepted after the close.
What is Anand Rathi Share IPO IPO GMP today?
Anand Rathi Share IPO IPO GMP is ₹31 today (+7.49% over issue price ₹414). See live GMP on the Anand Rathi Share IPO GMP Today page.
What is Anand Rathi Share IPO IPO issue price and lot size?
Anand Rathi Share IPO IPO issue price is ₹414 per share. Lot size is 36 shares. Minimum investment is ₹14,904 per lot. Issue size: ₹745.00 Cr.
When is Anand Rathi Share IPO IPO listing date?
Anand Rathi Share IPO IPO listing date is 30 September 2025 on NSE and BSE. Allotment is on 26 September 2025.
How does subscription affect Anand Rathi Share IPO IPO allotment?
Allotment odds in Anand Rathi Share IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 12.43x by applications means roughly 1 in 12 for minimum-lot bids; bNII at 5.83x (~1 in 6). At 21.83x overall, competition is high.
For allotment results from 26 September 2025, visit the Anand Rathi Share IPO Allotment Status page. For listing day updates on 30 September 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.