Anand Rathi's ₹745cr IPO opens tomorrow: Key details
Anand Rathi Share & Stock Brokers just raised ₹220.5 crore from anchor investors ahead of its IPO, with shares priced at ₹414 each.
The IPO opens September 23, aiming to raise ₹745 crore in total at a price band of ₹393-414 per share.
Full-service broking firm
With over 30 years in the game, Anand Rathi offers full-service broking and financial products—from stocks and commodities to mutual funds and portfolio management.
They serve everyone from everyday investors to high net worth clients.
Financials and use of funds
The IPO is split between institutional buyers (50%), non-institutional investors (15%), and retail investors (35%), with a separate reservation for eligible employees.
In FY25, they clocked revenue of ₹845.7 crore and a net profit of ₹103.6 crore—up from FY24's numbers—showing solid growth.
Funds raised will go toward working capital and other general corporate purposes.