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1h ago

Anand Rathi Lists With Muted 4% Premium as Four IPOs Hit Dalal Street

Grey market cues point to mixed openings for the remaining listings.

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Anand Rathi Share & Stock Brokerage make a muted debut; stock list at 4% premium
Anand Rathi, Jaro Institute, Seshaasai, Solarworld: 4 IPO listings today; check latest GMP
Anand Rathi

Overview

  • Anand Rathi Share & Stock Brokers opened at Rs 432.10 on the BSE, a 4.37% premium to its Rs 414 issue price, undershooting pre-listing expectations.
  • Latest grey market quotes had implied a 7–8% debut pop for Anand Rathi, highlighting how unofficial indicators can diverge from on-exchange pricing.
  • Pre-listing indications suggest Jaro Institute could see a modest Rs 43–45 premium, Solarworld Energy about Rs 40 upside near 11%, and Seshaasai Technologies a Rs 40–42 discount, which are speculative signals rather than official guidance.
  • Investor demand was strong across the quartet, with overall subscriptions of 20.66 times for Anand Rathi, 22.06 times for Jaro, 65.01 times for Solarworld, and 68.13 times for Seshaasai.
  • The offerings raised Rs 745 crore (Anand Rathi), Rs 450 crore (Jaro), Rs 490 crore (Solarworld), and Rs 813.07 crore (Seshaasai), with all four set to trade on the BSE and NSE.