Anand Rathi Share IPO listed @ Rs. 432

Anand Rathi Share IPO Details

Anand Rathi Share IPO is a Book-Built Issue of Rs. 745 crore, comprising a fresh issue of 17995169 crore shares worth Rs. 745 crore. The IPO will open for subscription on September 23, 2025 and close on September 25, 2025, while the allotment is scheduled to be finalized on September 26, 2025. The proposed listing is on both BSE and NSE, with a tentative listing date of September 30, 2025. The price band has been fixed at Rs. 393 to Rs. 414 per share, with a lot size of 36 shares, requiring a retail investment of Rs. 14,904. For sNII investors, the minimum investment is Rs. 208,656 (504 shares / 14 lots), while for bNII it stands at Rs. 10,13,472 (68 shares / 2448 lots). Nuvama Wealth management Ltd, 
DAM Capital Advisors ltd, Anand Rathi Advisors ltd. are the Book Running Lead Manager, and Mufg Intime India Pvt ltd. is acting as the registrar.

🕗 Last Update: 30 September 2025, 6.00 AM

Final Subscription Tally

QIB B HNI X S HNI X NII X RII X Total X
46.25 32.01 26.45 30.16 5.11 21.83
Applications: 795,213
Subscription Review:

 

 

Anand Rathi Share IPO Key Dates

Anchor portion
IPO opens on 23 Sept 2025
IPO Closes on 25 Sept 2025
IPO Allotment on 26 Sept 2025
Unblocking of Asba 29 Sept 2025
Credit of Shares 29 Sept 2025
Listing of Shares 30 Sept 2025

Who are the promoters of Anand Rathi Share IPO?   
Anand Nandkishore Rathi, Pradeep Navratan Gupta, Priti Pradeep Gupta and Anand Rathi Financial Services Limited are the promoters of the company.

The promoters hold 100% shares in the pre IPO capital of the company.

What are the Objects of Anand Rathi Share IPO?

The Offer comprises of fresh issue of capital. The objects of the issue are-

+Funding long-term working capital requirements of the Company
+General Corporate Purposes

What is the business of Anand Rathi Share?

Anand Rathi Share and Stock Brokers Limited, incorporated in 1991, is a well-established Full-Service Broking company and a part of the reputed Anand Rathi Group, which has a strong presence across diverse financial services. The company provides a wide range of offerings under the ‘Anand Rathi’ brand, including equity, derivatives, commodities, and currency broking, along with margin trading facilities and distribution of third-party investment products. Its clientele spans retail investors, high-net-worth and ultra-HNI individuals, and institutional clients.

With over three decades of market experience, the company has built a robust franchise. As of September 30, 2024, it operates through 90 branches, 1,123 authorized agents across 333 cities, and well-developed online platforms, ensuring a strong presence in Tier 1, Tier 2, and Tier 3 cities. A notable aspect of its client base is that 84.86% of active clients are above 30 years of age, reflecting a focus on mature and stable investors.

Key Service Offerings

  • Broking Services: Serving retail, HNI, ultra-HNI, and institutional clients across equity, derivatives, commodities, and currency segments.

  • Margin Trading Facility: Providing funding for equity cash delivery trades against eligible collateral, in line with exchange margin requirements.

  • Distribution of Financial Products: Offering mutual funds, AIFs, fixed deposits, bonds, and PMS products through both relationship managers and digital platforms.

As of September 30, 2024, the company employed 1,985 permanent staff, supporting its extensive operations and client servicing framework. With its strong brand recall, deep distribution reach, and diversified financial services, Anand Rathi Share and Stock Brokers remains well-positioned for sustained growth in the evolving capital markets landscape.

Anand Rathi Share IPO Details

 
IPO opens on  23 September 2025
IPO closes on  25 September 2025 
Issue Type Book Built Issue IPO
Issue Size ? Shares /
Rs 745 Crore
* Fresh Issue Rs 745 Crore
* Offer for Sale  Rs – Crore
   
Face Value per share: Rs. 5
Price Band  Rs. 393-414
Retail Discount  Rs 0 per share
Employee discount  Rs. 25 per share
Retail Lot Size  36 Shares
Listing will at  BSE, NSE

How are the shares offered in Jinkushal Industries IPO?

Investor Category Shares Offered
QIB Shares Offered Not less than 50% of the Net Offer
Retail Shares Offered Not more than 35% of the Net Offer
NII Shares Offered Not more than 15% of the Net Offer

How can the shares be applied in Anand Rathi Share IPO?

Application 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 2412 9,98,568
B-HNI (Min) 68 2448 10,13,472

Anand Rathi Share IPO allotment Status

Allotment of this IPO will be announced on 26 September 2025 and the link to check allotment is given below:
https://linkintime.co.in/Initial_Offer/public-issues.html/

Registered Office of the company
Anand Rathi Share & Stock Brokers Ltd.
Express Zone, A Wing,
10th Foor, Western Express Highway,
Goregaon (E), Mumbai –
Goregaon, Maharashtra, 400063

Email: secretarial@rathi.com

Who are the Lead Managers of
Anand Rathi Share IPO?
Nuvama Wealthmanagement Ltd
DAM Capital Advisors ltd
Anand Rathi Advisors ltd
Registrar to IPO
Bigshare Services ltd

Anand Rathi Share IPO Financial Snapshot

 

Key Performance Indicators

 

How Anand Rathi Share IPO compares with the Peers?
Peer Comparison

 

Anand Rathi Share IPO Concise Review by Paresh Gordhandas, CA & Research Analyst

Anand Rathi Share and Stock Brokers Ltd., part of the reputed Anand Rathi Group, is coming out with an IPO of Rs. 393–414 per share, opening on September 23 and closing on September 25, 2025. With three decades of experience in full-service broking and strong retail as well as institutional presence across 333 cities, the company enjoys a well-established franchise. On the financial front, FY24 income stood at Rs. 683.26 crore with PAT of Rs. 77.42 crore, though H1FY25 income declined to Rs. 442.39 crore with PAT of Rs. 62.79 crore. At the upper price band, the asking P/E is on the higher side compared to peers. Given the pedigree and reach,  investors may consider investing.

What are the IPO dates for Anand Rathi Share and Stock Brokers Ltd.?

The IPO opens on September 23, 2025, and closes on September 25, 2025. Allotment is on September 26, and listing is on September 30, 2025.

What is the price band and lot size?

The price band is Rs. 393–414 per share. The lot size is 36 shares.

How has the company performed financially?

In FY24, the company posted income of Rs. 683.26 crore with PAT of Rs. 77.42 crore, showing strong growth over FY23. However, H1FY25 shows income of Rs. 442.39 crore with PAT of Rs. 62.79 crore, indicating moderation.

Should investors apply in this IPO?

At ~54x FY24 earnings, valuations are high compared to peers. The company’s franchise strength supports long-term prospects, The long-term subscription may be considered.

Anand Rathi Share IPO dates

Anand Rathi Share IPO price & Lot

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