Anand Rathi Share and Stock Brokers is preparing for its initial public offering (IPO), which will open on September 23. The company has successfully raised ₹220.50 crore through allocations to anchor investors, distributing 53.26 lakh shares at ₹414 each.
The IPO comprises a fresh issue valued at ₹745 crore, with a price band set between ₹393 and ₹414 per share. Notable institutions participating as anchor investors include HDFC Mutual Fund, Kotak Small Cap Fund, Quant Mutual Fund, Aditya Birla Sunlife Banking & Financial Services Fund, SBI Life Insurance Co. Ltd., Singularity Large Value Fund, Pinebridge India Equity Fund, Morgan Stanley India Investment Fund, Kotak Mahindra Life Insurance Co. Ltd., 360 ONE Equity Opportunities Fund, Bandhan Balanced Advantage Fund, Sanshi Fund, BNP Paribas Financial Markets ODI, ITI Flexi Cap Fund, and Rajasthan Global Securities Pvt Ltd.
Investors can bid for a minimum of 36 shares with subsequent bids in multiples of 36. The IPO aims to finance long-term working capital needs and other corporate purposes. The allocation plan includes up to 50% reserved for qualified institutional buyers, 15% for non-institutional investors, and up to 35% for retail individual bidders, along with a subscription reservation for eligible employees.
Established over 30 years ago, Anand Rathi operates as a full-service brokerage in India, offering broking services, margin trading, and financial product distribution under the ‘Anand Rathi’ brand. Its investment offerings encompass a variety of asset classes, including equities, derivatives, commodities, currencies, mutual funds, alternative investment funds (AIF), and portfolio management services (PMS).
The book-running lead managers for the IPO are Nuvama Wealth Management Ltd, DAM Capital Advisors Ltd, and Anand Rathi Advisors Ltd, while MUFG Intime India Private Limited serves as the registrar for the issue.
In the fiscal year 2025, the company reported revenues from operations amounting to ₹845.70 crore, with a net profit of ₹103.6 crore. In fiscal year 2024, revenues stood at ₹681.7 crore, and net profit was reported at ₹77.29 crore.
The article was published on September 22, 2025.
