Anand Rathi Group’s Brokerage Arm Anand Rathi Share and Stock Brokers IPO Has Opened for Public subscription today at a price band of ₹ 393-414 per share.
At 4.15 PM on Day 1, The IPO was subscribed 0.39 times, with retail investors and niis subscriptions at 0.51 times Each. Qibs bid 0.01times.
Anchor portion
Ahead of the IPO, the company raised ₹ 220.50 Crore from Anchor Investors on Monday. The anchor investors include HDFC Mutual Fund, Quant Mf, Kotak Mf, Aditya Birla Sun Life Mf, SBI Life Insurance, and Kotak Mahindra Life Insurance, According to a BSE Circular. The firm allocated 53.26 Lakh Equity Shares to 15 Funds at ₹ 414 Apiece, Aggregating ₹ 229.5 Crore.
IPO, price band
The ₹ 745 Crore iPO is entrely a fresh issue with no ofs component. It will be open for subscription from September 23 to September 25, 2025, at a price band of ₹ 393–414 per share. The minimum lot size is 36 shares and multiples thereof.
Nuvama Wealth Management, Dam Capital Advisors, and Anand Rathi Advisors are acting as the book-running lead manners for the issue.
Use of funds
The company plans to use ₹ 550 Crore from the Proceeds to Fund long-term working capital needs, with the balance earmarked for general corporate purposes.
Portfolio
Anand Rathi Share and Stock Brokers, which operates under the brand name anand rathi, offers services Its Clientele Spans Retail Investors, HNIS, Ultra-HNIS, and Institutions.
As of March 2025, The Firm Had A Network of 90 Branches Across 54 CITES, Supported By 1,125 Authorized Persons in 290 Locations, Along with Digital Platforms Reaching Tier-1 to Tier-3 CITIs.
The company is reported revionue of ₹ 845.7 Crore in Fy25 and its profit after tax surgged to ₹ 103.6 Crore over the same period.
Brokerage views
Brokerages broadly maintain a subscribe stance on the anand rathi share & stock brokers iPo, Citing Its Strong Revenue and Profit Growth, Diversified Business Model, And PAN-India Presence.
Reliance Securities Notes That The Broking Arm’s Scalaable Model, Strong Liquidity, And Retail Participation Tailwinds Offer Solid Growth Visibility, Thought Risks Remain from Cyclical Deependence Activity and Intense Competition.
Published on September 23, 2025