Anand Rathi Share IPO GMP 36 Today (12 Oct), Price Band, Subscription Status, Allotment Date

Anand Rathi Share IPO Review & Analysis

Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.

Anand Rathi Share is a mainboard issue raising ₹745 Crores, offered in a band of ₹393–₹414 per share. At the upper end that is 82.8 times the ₹5 face value, so ₹409 of every share subscribed is share premium rather than capital.

A retail application for Anand Rathi Share needs one lot of 36 shares, which works out to ₹14,904 at the upper band of ₹414. That is close to the ₹15,000 ceiling SEBI expects for a single retail lot, so an investor applying at cut-off is committing nearly the full retail limit per application. Retail applications are capped at ₹2,00,000, which here is 13 lots; bidding above that moves the application into the non-institutional category, and the large-HNI bucket begins at ₹10,00,000, or about 68 lots.

For Anand Rathi Share, allotment is finalised on 26 sep 2025, the shares list on 30 sep 2025.

The issue is reserved 49.29% to qualified institutional buyers, 14.79% to non-institutional investors, 34.5% to retail. At 34.5%, the retail portion is on the narrower side, so retail allotment turns into a lottery quickly once the book fills. An oversubscribed retail portion is not allotted in proportion to the amount applied for: applications are reduced to single lots and drawn by lot, so several small applications from different PANs are more effective than one large one.

The book is 21.79x subscribed across all categories. That headline covers institutional, non-institutional and retail bids together, and allotment odds are decided within each category separately — an issue can be heavily subscribed overall while the retail portion is comfortable, or the other way round. An oversubscribed retail book is settled by a draw on single-lot applications, so more distinct PANs help where a bigger single bid does not.

MUFG Intime India Pvt.Ltd. is the registrar for this issue, which means the allotment status for Anand Rathi Share is published on their portal from 26 sep 2025. A PAN, application number or demat client ID is enough to look it up; the credited shares also appear in the demat account itself a day or so before listing.

A grey market premium of ₹36 on the upper band of ₹414 implies a listing gain of roughly 8.7%. The grey market is unofficial and unregulated, the premium can change daily, and it has no bearing on allotment — treat it as a sentiment reading, not a forecast.

The figures above are worked out from the issue's own filed numbers and are for information only. They are not investment advice — read the RHP before you apply.