Anand Rathi shares jump 88% after slow IPO start
Anand Rathi Share and Stock Brokers went public on September 30 with an IPO priced at ₹393-₹414 per share, raising ₹745 crore.
The stock has surged from its listing price of ₹432 to ₹746 by mid-November, marking a gain of nearly 79% above its IPO price.
What does Anand Rathi actually do?
They're a full-service brokerage offering equity trading, margin trading, and wealth management across India.
With 92 branches and over 1,200 agents in 51 cities, they serve almost 1.5 lakh active clients—a number set to grow as more young Indians start investing (demat accounts just crossed 190 million and SIPs are hitting record highs).
Quick look at their growth
In Q2FY26 (September quarter of FY26), Anand Rathi pulled in revenue and made a net profit that reflects strong returns on equity (23%)—showing they're riding the wave of India's investment boom pretty well.