Anand Rathi Share and Stock Brokers Sets IPO Price Band at ₹393-₹414 to Raise ₹745 Crore

Mumbai, September 18, 2025: Anand Rathi Share and Stock Brokers Ltd IPO, the broking arm of the Anand Rathi Group, announced the price band for its upcoming initial public offering (IPO) at ₹393 to ₹414 per equity share. The company is seeking to mobilize ₹745 crore through this issue, which is fresh issue-only with no offer-for-sale component involved.

Operating under the brand name of Anand Rathi, the company provides a range of financial products and services including broking, margin trading, and distribution of financial products. It caters to retail investors, high-net-worth individuals, ultra-HNIs, as well as institutional clients. Based on March 2025, the company boasts a strong national presence with 90 offices operating in 54 cities

IPO Details: Subscription Dates and Lot Size

The IPO will open for subscription on 23 September 2025 and the closing date for subscription is 25 September 2025. The lot size of the IPO is 36 shares and the minimum application amount at the upper end of price band is ₹14,904. The issue comprises a fresh equity issue of ₹745 crore with no offer-for-sale component.

Financial Performance: Robust Revenue and Profit Growth

Anand Rathi Share and Stock Brokers has registered increased growth in recent years. The company recorded revenue from operations of ₹845.70 crore in FY25, compared to ₹467.83 crore in FY23, a CAGR of 34.45%. The profit after tax increased to ₹103.61 crore in FY25 from ₹37.75 crore in FY23, a CAGR of 65.68%.

IPO Allocations and Utilisation of Proceeds

The IPO has been structured with the below allocation:

• 50% to Qualified Institutional Buyers (QIBs)
• 35% to Retail Investors
• 15% to Non-Institutional Investors

The IPO proceeds shall be utilized as follows:

• ₹550 crore to augment the company’s long-term working capital base
• The remaining amount will be used for general corporate purposes

Anand Rathi Share and Stock Brokers Ltd is issuing its IPO on 23 September 2025 to collect ₹745 crore in a fresh equity share issue. The firm has posted impressive financial growth with steady revenue and profit increases in the previous years. The investor needs to consider the robust countrywide reach of the firm and diversified service offerings while considering the IPO.

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