Anand Rathi Share and Stock Brokers has made a D-Street debut at a premium of 4%.

The stock opened at Rs 432 on the NSE, against the issue price of Rs 414.

Let’s take a look at the key highlights of the IPO –

Anand Rathi Share and Stock Brokers IPO: Subscription recap

The Rs 745 crore public issue of Anand Rathi Share and Stock Brokers, opened between September 23 to 25, received bids for 27.65 crore shares against the 1.26 crore shares on offer. This translated into an overall subscription of nearly 21.83 times.

Breaking down the subscription category, the qualified institutional buyers (QIBs) portion was subscribed 46.25 times. Non-institutional investors (NIIs) also showed heavy demand with 30.16 times subscription, while the retail category was subscribed 5.11 times. Even the emp

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