Anand Rathi Share And Stock Brokers Limited IPO

Anand Rathi Share And Stock Brokers Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹393 - ₹414

Total Issue

₹745.00 Cr

Bid Dates

23 Sep - 25 Sep

Subscription

20.66x

Est. GMP

₹30 (7.25%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Anand Rathi Stock Brokers IPO belongs to Anand Rathi, a trusted full-service brokerage house in India with over three decades of expertise in equity broking, margin trading facility, and distribution of financial products. The company serves retail investors, HNIs, UHNIs, and institutions through its strong network, technology-driven platforms, and research-backed advisory. Anand Rathi has established a reputation for reliability, transparency, and comprehensive investment solutions, enabling clients to participate effectively in capital markets. Its diversified business model, focus on customer-centric services, and consistent performance position it well for sustained growth in India’s evolving financial services sector.

Lot Info

Lot Information for Anand Rathi Stock Brokers IPO
Category Lots Shares Amount
Retail (Min) 1 36 ₹14,904
Retail (Max) 13 468 ₹1,93,752
S-HNI (Min) 14 504 ₹2,08,656
S-HNI (Max) 67 2,412 ₹9,98,568
B-HNI (Min) 68 2,448 ₹10,13,472

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
Rs. 100 Mn
Shareholder
₹0.00

Issue Size

Total ₹745.00 Cr
Fresh Issue
₹745.00 Cr (1.80 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of Issue

  1. Funding long-term working capital requirements of our Company
  2. General corporate purposes

Grey Market Premium

GMP ₹30
Est. Price ₹444
Est. Gain 7.25%

Anand Rathi Stock Brokers IPO Peer Comparison

(Rs. in crores)

Anand Rathi Stock Brokers IPO Peer Comparison Table
Particulars Anand Rathi MOFSL IIFL Capital Geojit Financial Angel One
Revenue from Ops (in Crs.) 847.00 8,417.22 2,567.43 749.32 5,247.67
PAT (In Crs.) 103.61 2,508.18 712.88 172.49 1,172.08
EPS - Basic 23.36 41.83 23.06 6.18 130.05
NAV per share 113.57 185.73 80.98 44.57 624.53
RONW 23.12% 25.21% 33.17% 15.49% 7.78%
EBITDA 36.81% 54.51% 41.46% 38.04% 37.81%
PAT Margin 12.23% 29.80% 27.77% 23.03% 22.34%
Price to earning (PE) 17.72 20.91 13.49 11.53 17.42

All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 29, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Anand Rathi Stock Brokers IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 845.70 681.79 467.83
Profit after Tax 103.61 77.29 37.75
Net Worth 503.76 392.66 265.23
Total Borrowing 905.57 879.24 423.00
Total Assets 3,365.00 2,585.10 1,628.78
NAV per share (in ₹) 113.57 88.53 65.78
EPS - Basic (in ₹) 23.36 19.03 9.36

KPIs

EBITDA

36.81%

PAT

12.23%

ROE

23.12%

ROCE

21.32%

PE Ratio

17.72

PB Ratio

3.65

Mkt Cap (in Crs.)

2,596.83

All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

98.06%

Public

1.94%

Anand Rathi Financial Services 98.06%

Management

Pradeep Gupta Chairman & MD
Tarak Shah CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Subscription Status

Updated as on 25-Sep-2025 19:00:00

Mainboard Subscription Status for Anand Rathi Stock Brokers IPO
Category Sub (x) Offered Bids
QIB 46.14 35,50,726 16,38,48,024
NII 30.13 26,63,043 8,02,42,380
bHNI 31.98 17,75,362 5,67,83,412
sHNI 26.43 8,87,681 2,34,58,968
Retail 5.04 62,13,768 3,12,97,104
Employee 2.70 2,57,069 6,94,620
Total 21.77 1,26,84,606 27,60,82,128

Frequently Asked Questions

What is Anand Rathi Stock Brokers IPO?
Anand Rathi Stock Brokers IPO is a Mainboard IPO having an issue size of ₹745.00 Crs. Anand Rathi Stock Brokers IPO is priced at ₹393 - ₹414 per share. The issue opens on 23 Sep 25 and closes on 25 Sep 25.
When will Anand Rathi Stock Brokers IPO open?
Anand Rathi Stock Brokers IPO opens on 23 Sep 25 and closes on 25 Sep 25.
What is the GMP of Anand Rathi Stock Brokers IPO?
The estimated Grey Market Premium of Anand Rathi Stock Brokers IPO is ₹30 per share (7.25%).
What is the lot size of Anand Rathi Stock Brokers IPO?
The minimum lot size of Anand Rathi Stock Brokers IPO is 36 shares & the minimum application amount is Rs. 14904.
When is the allotment of Anand Rathi Stock Brokers IPO?
The allotment date of Anand Rathi Stock Brokers IPO is 26 Sep 25.
What is the listing date of Anand Rathi Stock Brokers IPO?
The listing date of Anand Rathi Stock Brokers IPO is 30 Sep 25.
What is the subscription of Anand Rathi Stock Brokers IPO?
Anand Rathi Stock Brokers IPO is subscribed 20.66 times.
What is the price band of Anand Rathi Stock Brokers IPO?
Anand Rathi Stock Brokers IPO is priced at ₹393 - ₹414 per share.
How to check allotment status of Anand Rathi Stock Brokers IPO?
Click the allotment link on Anand Rathi Stock Brokers IPO page of IPO360.
How to apply Anand Rathi Stock Brokers IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Anand Rathi Stock Brokers IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Anand Rathi Stock Brokers IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Anand Rathi Stock Brokers IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date