Anand Rathi Share and Stock Brokers Ltd launched its shares to an enthusiastic market response on Tuesday, with a listing premium of over 4% above the Rs 414 issue price.

The stock, opening at Rs 432.10 on the BSE, surged to Rs 443.75, reflecting a 7.18% increase. At NSE, it opened similarly strong.

The Rs 745-crore IPO was substantially oversubscribed, highlighting demand for the firm, which serves retail, institutional, and high-net-worth investors with a broad range of services.

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