Anand Rathi Share and Stock Brokers Limited – IPO
Anand Rathi Share and Stock Brokers Limited – IPO Details
| IPO Date | September 23, 2025 to September 25, 2025 |
| Listing Date | September 30, 2025 |
| Face Value | ₹ 5 / Share |
| Price Band | ₹ 393 to ₹ 414 / Share |
| Lot Size | 36 Shares |
| Total Issue Size | 1,79,95,169 shares (Aggregating up to ₹745.00 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | ₹25.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 4,47,14,558 shares |
| Share holding post issue | 6,27,09,727 shares |
| Market Maker portion |
Anand Rathi Share and Stock Brokers Limited Timeline (Tentative Schedule)
Anand Rathi Share and Stock Brokers Limited IPO opens on September 23, 2025, and closes on September 25, 2025.
| IPO Open Date | September 23, 2025 |
| IPO Close Date | September 25, 2025 |
| Basis of Allotment | September 26, 2025 |
| Initiation of Refunds | September 29, 2025 |
| Credit of Shares to Demat | September 29, 2025 |
| Listing Date | September 30, 2025 |
| Cut-off time for UPI mandate confirmation | September 25, 2025 |
Anand Rathi Share and Stock Brokers Limited IPO Lot Size
Investors can bid for a minimum of 36 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | Rs.14,904 |
| Retail (Max) | 13 | 468 | Rs.193,752 |
| S-HNI (Min) | 14 | 504 | Rs.208,656 |
| S-HNI (Max) | 67 | 2,412 | Rs.998,568 |
| B-HNI (Min) | 68 | 2,448 | Rs.1,013,472 |
| HNI (Min) |
Anand Rathi Share and Stock Brokers Limited IPO Promoter Holding
| Share Holding Pre Issue | 98.06% |
| Share Holding Post Issue | 69.90% |
Anand Rathi Share and Stock Brokers Limited IPO Reservation
Anand Rathi Share IPO offers a total of 1,26,69,083 shares. Out of which 35,42,964 allocated to QIB, 35,42,964 allocated to QIB (Ex- Anchor), 26,60,715 (21.00%) allocated to NII, 62,08,335 (49.00%) allocated to RII
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | 35,42,964 |
|
| NII (HNI) Shares Offered | 26,60,715 (21.00%) |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 62,08,335 (49.00%) |
|
| Employee Shares Offered | 2,57,069 (2.03%) |
|
| Total Shares Offered | 1,26,69,083 (100.00%) |
Anand Rathi Share and Stock Brokers Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Anand Rathi Share and Stock Brokers Limited
Incorporated in 1991, Anand Rathi Share and Stock Brokers Limited is a Full-Service broking company. The Company is a part of the Anand Rathi group, which carries out a diverse range of financial services
The company provides broking services, margin trading, and financial product distribution under the ‘Anand Rathi’ brand, offering investment options in equity, derivatives, commodities, and currency markets to various clients.
As of March 31, 2025, 84.36% of the active clients of the company were aged more than 30 years. With three decades of service experience and diversified products, the company is poised for growth.
As of March 31, 2025, the company provides broking services through 90 branches, 1,125 licensed agents spread over 290 cities, and online channels, catering to clients in Tier 1, Tier 2, and Tier 3 cities.
Offerings & Services
Broking Services: The firm offers broking services to retail, high net worth, ultra-high net worth customers, and institutions in equity, derivatives, commodity, and currency markets through branches, authorized agents, and online platforms.
Margin Trading Facility: The firm extends margin trading facilities, enabling clients to use eligible collateral to borrow funds for equity cash delivery transactions. Financing is on a margin requirement determined by the stock exchanges.
Distribution of investment products: The company distributes third-party financial products, such as mutual funds, AIFs, fixed deposits, bonds, and portfolio management services, through relationship managers and digital channels.
As of March 31, 2025, the company had 2,082 permanent staff.
Competitive Strengths:
Highest ARPC amongst peer set
Strategic leverage of MTF Business to achieve higher ARPC
Full service brokerage house with diversified revenue streams
Pan India reach along with strong digital strengths for client acquisition and servicing
Strong brand with over a 3 decade history supported by seasoned Promoters and a robust management team
Solid history of financial performance and stable growth
Key Performance Indicator
The market capitalization of Anand Rathi Share IPO is ₹2596.18 Cr.
| KPI | Values |
|---|---|
| ROE | 23.12% |
| ROCE | 21.32% |
| Debt/Equity | 1.80 |
| RoNW | 23.12% |
| P/BV | 4.68 |
| PAT Margin (%) | 12.23% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 23.17 | 16.52 |
| P/E (x) | 17.87 | 25.06 |
Note:
- The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025, which is available in RHP.
Objects of the Issue (Anand Rathi Share and Stock Brokers Limited IPO Objectives)
Anand Rathi Share and Stock Brokers Limited Contact Details
Anand Rathi Share & Stock Brokers Ltd. Express Zone, A Wing, 10th Floor, Western Express Highway, Goregaon (E), Mumbai - Goregaon, Maharashtra, 400063 Phone: +91 22 - 6281 70 Email: [email protected] Website: https://www.anandrathi.com/ |
Anand Rathi Share and Stock Brokers Limited IPO Registrar
MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: [email protected] Website: https://linkintime.co.in/Initial_Offer/public-issues.html |