Anand Rathi Share & Stock Brokers Ltd. debuted on the stock exchanges today, listing at Rs 432 on the NSE, a 4.35 per cent premium over its IPO price of Rs 414 per share. The stock quickly surged further to Rs 446.85, up 7.9 per cent from the issue price. The company’s Rs 745-crore IPO had received robust investor response, being subscribed 20.66 times, ahead of its market debut.

Non-institutional investors subscribed 30 times, while retail participation stood at 4.8 times. In total, the offer received bids for over 27 crore shares compared with 1.33 crore shares on offer — signalling strong demand despite market volatility.

Anand Rathi Share and Stock Brokers is part of the diversified Anand Rathi Group, which provides stock broking, wealth management, investment banking, commodity brok

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