Anand Rathi Share IPO
Anand Rathi Share IPO
Overview
Anand Rathi Share IPO is a book build issue of ₹745.00 crores. The issue is entirely a fresh issue of 1.80 crore shares of ₹745.00 crore. Anand Rathi Share IPO opens for subscription on Sep 23, 2025 and closes on Sep 25, 2025. The allotment for the Anand Rathi Share IPO is expected to be finalized on Sep 26, 2025. Anand Rathi Share IPO will list on BSE, NSE with a tentative listing date fixed as Sep 30, 2025. Anand Rathi Share IPO price band is set at ₹393.00 to ₹414.00 per share . The lot size for an application is 36. The minimum amount of investment required by an retail is ₹14,904 (36 shares) (based on upper price). The lot size investment for sNII is 14 lots (504 shares), amounting to ₹2,08,656, and for bNII, it is 68 lots (2,448 shares), amounting to ₹10,13,472. Nuvama Wealth Management Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Total Shares
1,79,95,169
Issue Size
₹745.00 Cr
Price Band
₹393 – ₹414
Lot Size
36 shares
Min. Investment
₹14,904
Max. Investment
₹1,93,752
Open Date
23 Sep, 2025
Close Date
25 Sep, 2025
Allotment
26 Sep, 2025
Listing
30 Sep, 2025
Max. Investment
₹1,93,752
Announced
23 Sep, 2025
Opening Date
23 Sep, 2025
Closing Date
25 Sep, 2025
Basis of Allotment
26 Sep, 2025
Initiation of Refunds
29 Sep, 2025
Credit of Shares
29 Sep, 2025
Listing Date
30 Sep, 2025
Live GMP
Est. Listing: ₹449
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About Anand Rathi Share IPO
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 services
The 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 c
Anand Rathi Share IPO Share Price
Issue Breakdown
Shareholding
Dilution: 40.2% increase in shares
Anand Rathi Share IPO Promoters Holding
Anand Rathi Share IPO Financial Health
Anand Rathi Share & Stock Brokers Ltd.'s revenue increased by 24% and profit after tax (PAT) rose by 34% between the financial year ending with March 31, 2025 and March 31, 2024.
Anand Rathi Share IPO Lot Size
Investors can bid for a minimum of 36 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,904 |
| Retail (Max) | 13 | 468 | ₹1,93,752 |
| S-HNI (Min) | 14 | 504 | ₹2,08,656 |
| S-HNI (Max) | 67 | 2412 | ₹9,98,568 |
| B-HNI (Min) | 68 | 2448 | ₹10,13,472 |
(All values in CR)
Anand Rathi Share IPO Valuations
The market capitalization of Anand Rathi Share IPO is ₹2596.18 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 23.12 |
| ROCE | 21.32 |
| Debt/Equity | 1.80 |
| RoNW | 23.12 |
| PAT Margin | 12.23 |
| EBITDA Margin | 36.81 |
| Price to Book Value | 4.68 |
(All values in CR)
Anand Rathi Share IPO Strength & Risk
Anand Rathi Share IPO Strength:
- The highest ARPC amongst peer set.
- Strategic use of MTF Business to drive higher ARPC.
- Full service brokerage house with diversified revenue streams.
- Pan India presence combined with robust digital capabilities for client acquisition and servicing.
- Established brand with more than a 3 decade legacy backed by experienced Promoters and a strong management team.
- Strong track record of financial performance and consistent growth.
Anand Rathi Share IPO Risk:
Ongoing criminal cases against the company and promoters could impact investor confidence and operations
SEBI investigations regarding compliance with 'fit and proper' criteria may lead to regulatory actions
Revenue is highly sensitive to capital market performance; market downturns can reduce income
Intense competition from banks and established wealth managers may affect market share and profitability
Dependence on retaining relationship managers for client continuity is critical to business stability
Operational disruptions or failure to comply with exchange rules could negatively impact business
Legal liabilities from regulatory notices may materially affect operations and financials
Anand Rathi Share IPO GMP
Anand Rathi Share IPO last GMP is ₹35, last updated Sep 23rd 2025 04:29 PM. With the price band of 414.00, Anand Rathi Share IPO's estimated listing price is ₹449 (cap price + today's GMP).The expected percentage gain/loss per share is 8.45%. >> Anand Rathi Share IPO Retail Subject to Sauda: ₹1000 >> Anand Rathi Share IPO Small HNI Subject to Sauda: ₹14000 The lowest GMP is ₹0.00, while the highest GMP is ₹70.00.
Last updated 23 Sep, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 23 Sep, 2025 | 414 | ₹35▲ | 1000/14000 | ₹449 (8.45%) | 1260 | 23 Sep, 2025 |
| 22 Sep, 2025 | 414 | ₹31▲ | 800/11200 | ₹445 (7.49%) | 1116 | 22 Sep, 2025 |
| 21 Sep, 2025 | 414 | ₹24 | 700/9800 | ₹438 (5.80%) | 864 | 21 Sep, 2025 |
| 20 Sep, 2025 | 414 | ₹24▼ | 700/9800 | ₹438 (5.80%) | 864 | 20 Sep, 2025 |
| 19 Sep, 2025 | 414 | ₹44▼ | 1200/16800 | ₹458 (10.63%) | 1584 | 19 Sep, 2025 |
| 18 Sep, 2025 | 414 | ₹70▲ | 1900/26600 | ₹484 (16.91%) | 2520 | 18 Sep, 2025 |
| 17 Sep, 2025 | 0 | ₹60▲ | - | ₹60 (0.00%) | - | 17 Sep, 2025 |
| 16 Sep, 2025 | 0 | ₹0 | - | ₹ (0.00%) | - | 16 Sep, 2025 |
| 15 Sep, 2025 | 0 | ₹0 | - | ₹ (%) | - | 15 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Anand Rathi Share IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Anand Rathi Share IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.