Anand Rathi Share IPO: Price Band, Analysis, Allotment & GMP
The Anand Rathi Share IPO is a mainboard IPO by Anand Rathi Share and Stock Brokers Limited, a full-service brokerage firm incorporated in 1991. The IPO is a bookbuilt issue of Rs. 745 Cr (~1.8 Cr shares), offering investors an opportunity to participate in a company with a wide range of financial services, including broking, margin trading, and investment product distribution.

Anand Rathi Share IPO aims to raise funds to support long-term operating capital needs and general corporate purposes. The company is part of the Anand Rathi Group, which has a strong nationwide presence and a well-known brand.

Anand Rathi Share IPO Details

  • IPO Opening Date: Sep 23, 2025

  • IPO Closing Date: Sep 25, 2025

  • IPO Allotment Date: Sep 26, 2025

  • Refund Initiation: Sep 29, 2025

  • Tentative Listing Date: Sep 30, 2025

  • Issue Size: Rs. 745 Cr (1,79,95,169 Shares – wholly fresh issue)

  • Price Band: Rs. 393 – Rs. 414 per share

  • Lot Size: 36 Shares

  • Listing: BSE & NSE

  • Registrar: MUFG Intime India Pvt. Ltd.

The company has maintained steady financial growth with increasing assets, revenue, and profits over the past three fiscal years.

Company Financials (in Cr)

Period

Total Assets

Revenue

PAT

EBITDA

Net Worth

Total Borrowing

FY25

3,365.00

847

103.61

311.27

503.76

905.57

FY24

2,585.10

683.26

77.29

230.58

392.66

879.24

FY23

1,628.78

468.70

37.75

115.07

265.23

423

Cash Flows

FY

Operating

Investing

Financing

FY25

6,918.14

(5,774.17)

(1,123.11)

FY24

1,869.12

(5,992.50)

4,185.69

FY23

151.48

(1,366.63)

1,080.96

Dividend Policy

The company has not paid dividends in the last three fiscal years.

The Rs. 745 Cr Anand Rathi Share IPO presents a full-service brokerage firm with strong financials, brand recognition, and national reach. Despite the slightly aggressive valuation, its growth potential, multiple revenue streams, and experienced management make it an attractive opportunity for long-term investors.

Investors should weigh the P/E ratio, regulatory risks, and market conditions before applying.

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