Mumbai, September 18, 2025: Anand Rathi Share and Stock Broker Limited has announced the launch of its Initial Public Offering (IPO), opening on Tuesday, September 23, 2025, with a price band of ₹393–₹414 per equity share of face value ₹5. The issue will close on Thursday, September 25, 2025. Investors can bid for a minimum of 36 equity shares and in multiples thereafter. The IPO is a fresh issue aggregating up to ₹7,450 million, with proceeds of ₹5,500 million earmarked to meet the company’s working capital requirements.
The company, part of the Anand Rathi Group, is a leading full-service brokerage house in India with over three decades of experience. It offers a wide range of financial products and services including equity, derivatives, commodities, and currency markets under the “Anand Rathi” brand. As of March 31, 2025, it had 1,86,859 active clients, with 84.36% of them above the age of 30. The firm’s strong presence across digital and offline channels, backed by 90 branches in 54 cities and 1,125 authorized persons across 290 cities, allows it to serve clients nationwide.
Over the years, the company has shown robust financial growth. Its revenue from operations grew from ₹4,678.26 million in FY23 to ₹8,456.98 million in FY25, recording a CAGR of 34.45%. Meanwhile, profit after tax surged from ₹377.45 million in FY23 to ₹1,036.06 million in FY25 at a CAGR of 65.68%. With its diversified offerings, long-standing client base, and strong financial trajectory, Anand Rathi Share and Stock Broker Limited is well-positioned for continued expansion.
Nuvama Wealth Management Limited, DAM Capital Advisors Limited, and Anand Rathi Advisors Limited are acting as the Book Running Lead Managers for the IPO, while MUFG Intime India Private Limited (formerly Link Intime India Private Limited) is the Registrar to the Issue. The company emphasized compliance with SEBI’s ICDR Regulations and clarified that Anand Rathi Advisors Limited will only be involved in the marketing of the issue.
