By closing of the bidding process, the IPO witnessed an overall subscription of 21.70 times. Qualified Institutional Buyers (QIBs) subscribed 46.25 times the allotted 35.42 lakh shares, bidding for over 16.38 crore shares. Non-Institutional Investors (NII) subscribed 30.10 times.
The retail investor portion saw a 4.88 times subscription for the 62.08 lakh shares available. Employees subscribed 2.65 times their reserved quota of 2.57 lakh shares. In total, 27.49 crore shares were bid for against 1.26 crore offered, reflecting high investor interest. The price band for the Anand Rathi Share IPO is fixed between ₹393 and ₹414 per equity share.
How To Check IPO Allotment:
On BSE:
Step 1: Open the BSE IPO allotment page:
https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
Step 2: Select the issue type as “Equity”.
Step 3: Choose “Anand Rathi Share & Stock Brokers Ltd.” from the dropdown menu.
Step 4: Enter your application number or PAN.
Step 5: Complete the Captcha for verification.
Step 6: Click the “Search” button to check your allotment status.
On NSE:
Step 1: Go to the IPO allotment page on the NSE website:
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Step 2: Select “Equity & SME IPO bid details”.
Step 3: Choose the company symbol from the dropdown menu.
Step 4: Enter your PAN and Application Number.
Step 5: Click “Submit” to view your share allotment details.
On MUFG Intime India Pvt.Ltd.:
Step 1. Go to the IPO allotment page here: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Step 2. Select “Anand Rathi Share & Stock Brokers Ltd.” from the company dropdown
Step 3. Select either PAN, Application Number, DP/Client ID, or Account Number/IFSC for verification
Step 4. Enter the required details based on your selected option.
Step 5. Click “Submit” to view your IPO allotment status.
Refunds for the Anand Rathi Share IPO will be initiated on Monday, September 29, the same day when shares will be credited to investors’ Demat accounts. The tentative listing date for the shares on the stock exchanges is scheduled for Tuesday, September 30.
About Anand Rathi Share & Stock Brokers
Founded in 1994, Anand Rathi Share and Stock Brokers is a leading Indian financial services firm offering a wide range of investment and brokerage solutions. Its services include equity and commodity trading, derivatives, mutual funds, portfolio management and wealth advisory.
With a presence in over 350 locations across India and offices abroad, the company caters to a diverse client base. These include retail investors, high-net-worth individuals and institutional clients.
