Anand Rathi Share and Stock Brokers, the brokerage arm of Anand Rathi Group, has filed DRHP(Draft Red Herring Prospectus) to the SEBI for an IPO valued at ₹745 crore, which will consist solely of fresh issues.
In this IPO, the QIB quota is 50%, 15% for NII, and 35% for retailers.
The company received advice from the BRLMS and might be selling some securities before the IPO, raising up to ₹149 crore. If this process is successful, then the fresh issue size will be reduced.
Nuvama Wealth Management, DAM Capital Advisors, and Anand Rathi Advisors are the lead managers of the IPO, and these shares will be listed on the National Stock Exchange of India (NSE) and BSE.
MUFG Intime India Private Limited is the registrar of the issue.
The company has a plan to use ₹550 crore for general business and long-term capital purposes.
Anand Rathi Share and Stock Brokers Limited is a company that provides various services such as diverse financial offerings, Broking, Margin trading, and Distribution of Financial Products.
The company serves a wide range of clients, including regular investors, high-net-worth individuals (HNIs), very wealthy individuals, and institutional clients.
As of September 30, 2024, 1.46 lakh of the company's current clientele, or 85% of all clients, belong to the 30 Age Group. Presently, they have around 90 branches in 54 cities across India. Additionally, they have 1,123 approved agents in 333 cities.
It is noticeable that the revenue of Anand Rathi has increased from ₹468 crore to ₹682 crore, while for six months revenue increment is ₹441.72 crore, and it had a profit after tax of ₹63.66 crore.
Anand Rathi Share IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Anand Rathi Share Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹423.78 | ₹360.19 | ₹50.80 |
| 2023 | ₹468.70 | ₹417.71 | ₹37.75 |
| 2024 | ₹683.26 | ₹567.86 | ₹77.29 |
| September 2024 | ₹442.39 | ₹356.32 | ₹63.66 |
Anand Rathi Share IPO Valuation - FY2024
Anand Rathi Share IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹19.03 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 23.50% |
| Net Asset Value (NAV): | ₹88.53 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Motilal Oswal Financial Services Limited | 164.63 | 16.93 | 32.50% | 397.04 | 7,067.77 Cr. |
| IIFL Capital Services Limited | 16.73 | 19.89 | 32.72% | 52.24 | 2,231.29 Cr. |
| Geojit Financial Services Limited | 6.06 | 19.60 | 17.48% | 28.38 | 614.13 Cr. |
| ICICI Securities Limited | 52.51 | 16.71 | 50.09% | 120.38 | 5,049.21 Cr. |
| Angel One Limited | 134.21 | 21.98 | 43.29% | 357.06 | 4,271.68 Cr. |
Objects of the Issue
- Funding long-term working capital requirements of our Company; and
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Nuvama Wealth Management Limited
- DAM Capital Advisors Limited
- Anand Rathi Advisors Limited