Anand Rathi Share IPO Details
| IPO Open Date | September 23, 2025 |
| IPO Close Date | September 25, 2025 |
| Face Value | ₹5 Per Equity Share |
| IPO Price Band | ₹393 to ₹414 Per Share |
| Issue Size | Approx ₹745 Crores |
| Fresh Issue | Approx ₹745 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| Employee Discount | ₹25.00 |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Anand Rathi Share IPO Review & Key Points
- Review:
Anand Rathi Share IPO Market Lot
The Anand Rathi Share IPO minimum market lot is 36 shares with ₹14,904 application amount. The retail investors can apply up-to 13 lots with 468 shares of ₹1,93,752 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 36 | ₹14,904 |
| Retail Maximum | 13 | 468 | ₹1,93,752 |
| S-HNI Minimum | 14 | 504 | ₹2,08,656 |
| S-HNI Maximum | 67 | 2,412 | ₹9,98,568 |
| B-HNI Minimum | 68 | 2,448 | ₹10,13,472 |
IPO Reservation
| Investor Category | Share Offered | % Shares |
| Anchor Investor | 53,26,086 Shares | 29.60% |
| QIB (Ex. Anchor) | 35,42,964 Shares | 19.69% |
| NII Shares Offered | 26,60,715 Shares | 14.79% |
| Retail Shares Offered | 62,08,335 Shares | 34.50% |
| Employee Shares Offered | 2,57,069 Shares | 1.43% |
Anand Rathi Share IPO Anchor Investors
| Anchor Bidding Date | September 22, 2025 |
| Anchor Investors List | |
| Shares Offered | 53,26,086 Shares |
| Anchor Size | 220.50 Cr. |
| lock-in period end date 50% shares (30 Days) | October 26, 2025 |
| lock-in period end date 50% shares (90 Days) | December 25, 2025 |
Anand Rathi Share IPO Dates
The Anand Rathi Share IPO date is September 23 and the close date is September 25. The Anand Rathi Share IPO allotment will be finalized on September 26 and the IPO listing on September 30.
| IPO Open Date: | September 23, 2025 |
| IPO Close Date: | September 25, 2025 |
| Basis of Allotment: | September 26, 2025 |
| Refunds: | September 29, 2025 |
| Credit to Demat Account: | September 29, 2025 |
| IPO Listing Date: | September 30, 2025 |
| IPO Bidding Cut-off Time: | September 25, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Anand Nandkishore Rathi, Pradeep Navratan Gupta, Priti Pradeep Gupta and Anand Rathi Financial Services Limited.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 4,47,14,558 | 98.06% |
| Promoter Holding Post Issue | 6,27,09,727 | 69.90% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding long-term working capital requirements of the Company | 550 |
| General Corporate Purpose | – |
About Anand Rathi Share IPO
Anand Rathi Share and Stock Brokers Limited is a full-service broking firm, and it was founded in 1991. Moreover, the firm is a part of the Anand Rathi Group, which offers a wide range of financial services.
The company offers broking, margin trading, and financial product distribution under the ‘Anand Rathi’ brand. Moreover, it provides investment options in equity, derivatives, commodities, and currency markets for a wide range of clients. The company allows people to have different types of investments, wherein the majority of people, around 85% are older than 30 years.
Individuals could invest in equity, derivatives, commodities, and currency markets. The company has the highest ARPC amongst its competitors, wherein Fiscals 2024, 2023, and 2022 were ₹ 30,922, ₹ 26,012, and ₹26,386, respectively.
Anand Rathi Share IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2022 | ₹423.78 | ₹360.19 | ₹50.39 | ₹1,340.58 |
| 2023 | ₹468.70 | ₹417.71 | ₹37.84 | ₹1,628.78 |
| 2024 | ₹683.26 | ₹567.86 | ₹77.42 | ₹2,585.10 |
| 2025 | ₹847.00 | ₹706.63 | ₹103.61 | ₹3,365.00 |
Anand Rathi Share IPO Valuation – FY2025
Check 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.
| KPI | Values |
| ROE: | 23.12% |
| ROCE: | 21.32% |
| EBITDA Margin: | 36.81% |
| PAT Margin: | 12.23% |
| Debt to equity ratio: | 1.8 |
| Earning Per Share (EPS): | ₹23.36 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 23.12% |
| Net Asset Value (NAV): | ₹113.57 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Motilal Oswal Financial Services | 41.83 | 20.91 | 25.21% | 185.73 | 8,417.22 Cr. |
| IIFL Capital Services Limited | 23.06 | 13.49 | 33.17% | 80.98 | 2,567.43 Cr. |
| Geojit Financial Services | 6.18 | 11.53 | 15.49% | 44.57 | 749.32 Cr. |
| Angel One Limited | 130.05 | 17.42 | 7.78% | 624.53 | 5,247.67 Cr. |
IPO Lead Managers aka Merchant Bankers
- Nuvama Wealth Management Ltd.
- Dam Capital Advisors Ltd.
- Anand Rathi Advisors Ltd.
Company Address
Anand Rathi Share & Stock Brokers Ltd.
Express Zone, A Wing,
10th Foor, Western Express Highway,
Goregaon (E), Mumbai –
Goregaon, Maharashtra, 400063
Phone: +91 22 – 6281 70
Email: [email protected]
Website: https://www.anandrathi.com/
IPO Registrar
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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Note: The Anand Rathi Share IPO price band and date are officially announced. The (Anand Rathi Share IPO grey market premium) will be added to the IPO GMP page as it will start).
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