IPO Issue Details
Issue Price / Price Band₹414 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size36 Shares per Lot
Total Issue Size1,79,95,169 shares (aggregating up to ₹745.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 23 Sep 2025
Subscription CloseThu, 25 Sep 2025
Anchor AllotmentMon, 22 Sep 2025
Basis of AllotmentFri, 26 Sep 2025
Initiation of RefundsMon, 29 Sep 2025
Credit of Shares to DematMon, 29 Sep 2025
Listing DateTue, 30 Sep 2025
UPI Mandate Deadline2025-09-25
Application & Investment Details
Retail — Min (1 Lots)₹14,904 — 36 shares
Retail — Max (13 Lots)₹193,752 (13 Lots)
HNI — Min (3 Lots)₹44,712 — 108 shares
EPS (Pre-IPO)₹23.17
EPS (Post-IPO)₹16.52
P/E Ratio (Pre-IPO)17.87x
P/E Ratio (Post-IPO)25.06x
Pre-IPO Promoter Holding4,47,14,558 shares
Post-IPO Promoter Holding6,27,09,727 shares
About Anand Rathi Share & Stock Brokers Ltd
Incorporated in 1991, Anand Rathi Share and Stock Brokers Limited is a Full-Service broking company. The Company is a part of the Anand Rathi group which carries out a diverse range of financial servicesThe company provides broking services, margin trading, and financial product distribution under the ‘Anand Rathi’ brand, offering investment options in equity, derivatives, commodities, and currency markets to various clients.As of March 31, 2025, 84.36% of the company’s active clients were over 30 years old. With three decades of experience and diverse offerings, the company is well-positioned for growth.As of March 31, 2025, the company offers broking services through 90 branches, 1,125 authorized agents across 290 cities, and online platforms, serving clients in Tier 1, Tier 2, and Tier 3 cities.Offerings & Services:Broking Services: The company provides broking services to retail, high net worth, ultra-high net worth individuals, and institutions across equity, derivatives, commodities, and currency markets through branches, authorized agents, and digital platforms.Margin Trading Facility: The company offers margin trading facilities, allowing clients to leverage eligible collateral for equity cash delivery trades. Funding is based on margin requirements set by stock exchanges.Distribution of investment products: The company distributes third-party financial products, including mutual funds, AIFs, fixed deposits, bonds, and portfolio management services, through relationship managers and digital platforms.As of March 31, 2025, the company had 2,082 permanent employees.Competitive Strengths:The highest ARPC amongst peer setStrategic use of MTF Business to drive higher ARPCFull service brokerage house with diversified revenue streamsPan India presence combined with robust digital capabilities for client acquisition and servicingEstablished brand with more than a 3 decade legacy backed by experienced Promoters and a strong management teamStrong track record of financial performance and consistent growth
Objects of the Issue
Anand Rathi Share & Stock Brokers Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding long-term working capital requirements of the Company
550.00
2
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
4,47,14,558 shares
Post-IPO Promoter Holding
6,27,09,727 shares