- Price band of Rs 393 – Rs 414 per Equity Share bearing face value of Rs 5 each (“Equity Shares”)
- Bid/Issue Opening Date – Tuesday, September 23, 2025 and Bid/Issue Closing Date – Thursday, September 25, 2025.
- Minimum Bid Lot is 36 Equity Shares and in multiples of 36 Equity Shares thereafter
Anand Rathi Share and Stock Brokers has announced its Initial Public Offering (IPO) with a price band set at ₹393 to ₹414 per equity share of face value ₹5 each. The issue, comprising a fresh issue aggregating up to ₹7,450 million, will open for subscription on Tuesday, September 23, 2025, and close on Thursday, September 25, 2025. Investors can bid for a minimum of 36 equity shares and in multiples thereof, with 44,714,558 equity shares of ₹5 each outstanding as of date.
The proceeds from the fresh issue to the extent of Rs 5,500.00 million will be utilised for funding the working capital requirements of the Company.
The Company is an established full-service brokerage house in India with over 30 years of experience. The Company provides broking services, margin trading facility and distribution of financial products under the brand ‘Anand Rathi’ to a diverse set of clients across retail, high net worth individuals, ultra-high net worth individuals and institutions. Its investment offerings span across a wide array of asset classes like equity, derivatives, commodities, and currency markets.
While the Company’s client base is spread across various age demographics, 1,86,859 of its active clients, representing 84.36% of its active clients were above 30 years of age as on March 31, 2025. The Company’s three decades of track record, comprehensive product offerings, and focus on serving this key demographic, positions it for continued growth.
The Company is a part of the Anand Rathi group, which carries out a diverse range of financial services business through its group companies. As of March 31, 2025, the Company offers its broking and other financial services through its network of 90 branches spread across 54 cities in India, network of 1,125 authorized persons (agents appointed by the Company after approval from the relevant stock exchange) spread across 290 cities in India, and online and digital platforms.
The Company’s multi-channel presence through its pan India branches and network of authorised persons and its online and digital platforms enables it to service its clients across tier-1, tier-2, tier-3 and other cities.
The Company’s revenue from operations increased to ₹ 8,456.98 million in Fiscal 2025 from ₹ 4,678.26 million in Fiscal 2023 with a CAGR of 34.45%, and it’s profit after tax increased from ₹ 377.45 million in Fiscal 2023 to ₹ 1,036.06 million in Fiscal 2025 at a CAGR of 65.68%.
Nuvama Wealth Management Limited, DAM Capital Advisors Limited and Anand Rathi Advisors Limited are the Book-Running Lead Managers; and MUFG Intime India Private Limited (Formerly Link intime India Private Limited) is the Registrar to the Issue.
