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.
Price Band₹393 - ₹414 |
Dates23 Sep - 25 Sep |
GMP₹30 (7.25%) |
Subscriptions20.66 times |
Issue Size₹745.00 Crs |
Anand Rathi Stock Brokers IPO Objects
- Funding long-term working capital requirements of our Company
- General corporate purposes
Anand Rathi Stock Brokers IPO Details
Price Band₹393 - ₹414 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹745.00 Cr (1.80 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹745.00 Cr (1.80 Cr Shares) |
Face Value₹ per equity share |
Anand Rathi Stock Brokers IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
36
14,904
Maximum
13
468
1,93,752
|
|||
| Small HNI |
Minimum
14
504
2,08,656
Maximum
67
2,412
9,98,568
|
|||
| Big HNI |
Minimum
68
2,448
10,13,472
|
|||
Anand Rathi Stock Brokers IPO Subscription
Updated as on 25-Sep-2025 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 43.80 | 37,40,457 | 16,38,48,024 |
| NII | 28.60 | 28,05,344 | 8,02,42,380 |
| bNII (bids above ₹10L) | 30.36 | 18,70,229 | 5,67,83,412 |
| sNII (bids between ₹2L to ₹10L) | 25.09 | 9,35,115 | 2,34,58,968 |
| Retail | 4.78 | 65,45,802 | 3,12,97,104 |
| Employee | 2.56 | 2,71,739 | 6,94,620 |
| Total | 20.66 | 1,33,63,342 | 27,60,82,128 |
Anand Rathi Stock Brokers IPO GMP
The estimated Grey Market Premium of Anand Rathi Stock Brokers IPO is ₹30 per share (7.25%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Employee | Rs. 100 Mn |
Anand Rathi Stock Brokers IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| 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.
Anand Rathi Stock Brokers IPO Peer Comparision
| 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
Anand Rathi Stock Brokers IPO Peer Comparision
| Particulars | Anand Rathi |
|---|---|
| Revenue from Ops (in Crs.) | 847.00 |
| PAT (In Crs.) | 103.61 |
| EPS - Basic | 23.36 |
| NAV per share | 113.57 |
| RONW | 23.12% |
| EBITDA | 36.81% |
| PAT Margin | 12.23% |
| Price to earning (PE) | 17.72 |
| MOFSL | IIFL Capital | Geojit Financial | Angel One |
|---|---|---|---|
| 8,417.22 | 2,567.43 | 749.32 | 5,247.67 |
| 2,508.18 | 712.88 | 172.49 | 1,172.08 |
| 41.83 | 23.06 | 6.18 | 130.05 |
| 185.73 | 80.98 | 44.57 | 624.53 |
| 25.21% | 33.17% | 15.49% | 7.78% |
| 54.51% | 41.46% | 38.04% | 37.81% |
| 29.80% | 27.77% | 23.03% | 22.34% |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Anand Rathi Financial Services | 98.06% |
| Total | 98.06% |
Management Details
| Name | Designation |
|---|---|
| Pradeep Gupta | Chairman & MD |
| Tarak Shah | CFO |
Company Details
Name: Anand Rathi Share And Stock Brokers Limited
Address: Express Zone, A Wing, 10th Floor,
Western Express Highway, Goregaon (E),
Mumbai - 400 063, Maharashtra, India
Number: +91 22 - 6281 7000
Email: secretarial@rathi.com
Website: www.anandrathi.com
Book Running Lead Managers (BRLMs)
RTAs
MUFG Intime India
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Anand Rathi Stock Brokers IPO is a Mainboard IPO having an issue size of Rs. ₹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.
Anand Rathi Stock Brokers IPO opens on 23 Sep 25 and closes on 25 Sep 25.
The estimated Grey Market Premium of Anand Rathi Stock Brokers IPO is ₹30 per share (7.25%).
The minimum lot size of Anand Rathi Stock Brokers IPO is 36 shares & the minimum application amount is Rs. 14904.
The allotment date of Anand Rathi Stock Brokers IPO is 26 Sep 25.
The listing date of Anand Rathi Stock Brokers IPO is 30 Sep 25.
Anand Rathi Stock Brokers IPO is subscribed 20.66 times.
Anand Rathi Stock Brokers IPO is priced at ₹393 - ₹414 per share.
Click the allotment link on Anand Rathi Stock Brokers IPO page of IPO360.
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