Anand Rathi Share IPO Date, Review, Price, Allotment Details
The Anand Rathi Share IPO will open on September 23, 2025, and close on September 25, 2025. It is a Book Built Issue through which the company aims to raise about ₹745 crores, entirely via a fresh issue of equity shares with a face value of ₹5 each.
The IPO price band is fixed between ₹393 and ₹414 per share. In terms of allocation, 50% is reserved for Qualified Institutional Buyers (QIBs), 15% for High Net-worth Individuals (HNIs), and 35% for retail investors. The shares are proposed to be listed on both BSE and NSE in 2025, with the allotment expected to be finalized the same year.
Financially, the company’s revenue increased from ₹683.26 crores in 2024 to ₹847.00 crores in 2025, while net profit improved from ₹77.29 crores in 2024 to ₹103.61 crores in 2025. Based on its strong performance, the IPO is considered a good opportunity for investors seeking long-term gains.
Anand Rathi Share IPO Details
IPO Open Date September 23, 2025 IPO Close Date September 25, 2025 Face Value ₹5 Per Equity Share IPO Price Band ₹393 to ₹414 Per Share Issue Size Approx ₹745 Crores Fresh Issue Approx ₹745 Crores Issue Type Book Built Issue IPO Listing BSE, NSE Employee Discount ₹25.00 DRHP Draft Prospectus 
RHP Draft Prospectus
Anand Rathi Share IPO Market Lot
The minimum market lot for the Anand Rathi Share IPO is 36 shares, requiring an application amount of ₹14,904. Retail investors can apply for a maximum of 13 lots, which equals 468 shares with a total investment of ₹1,93,752.
Application Lot Size Shares Amount Retail Minimum 1 36 ₹14,904 Retail Maximum 13 468 ₹1,93,752 S-HNI Minimum 14 504 ₹2,08,656 S-HNI Maximum 67 2,412 ₹9,98,568 B-HNI Minimum 68 2,448 ₹10,13,472
IPO Reservation
Investor Category Share Offered % Shares Anchor Investor 53,26,086 Shares 29.60% QIB (Ex. Anchor) 35,42,964 Shares 19.69% NII Shares Offered 26,60,715 Shares 14.79% Retail Shares Offered 62,08,335 Shares 34.50% Employee Shares Offered 2,57,069 Shares 1.43%
Anand Rathi Share IPO Anchor Investors
Anchor Bidding Date September 22, 2025 Anchor Investors List Shares Offered 53,26,086 Shares Anchor Size 220.50 Cr. lock-in period end date 50% shares (30 Days) October 26, 2025 lock-in period end date 50% shares (90 Days) December 25, 2025
Anand Rathi Share IPO Dates
The Anand Rathi Share IPO will open on September 23, 2025, and close on September 25, 2025. The share allotment is scheduled to be finalized on September 26, 2025, and the IPO is set to list on the stock exchanges on September 30, 2025.
IPO Open Date: September 23, 2025 IPO Close Date: September 25, 2025 Basis of Allotment: September 26, 2025 Refunds: September 29, 2025 Credit to Demat Account: September 29, 2025 IPO Listing Date: September 30, 2025 IPO Bidding Cut-off Time: September 25, 2025 – 5 PM
Promoters and Holding Pattern
The promoters of Anand Rathi Share are Anand Nandkishore Rathi, Pradeep Navratan Gupta, Priti Pradeep Gupta, and Anand Rathi Financial Services Limited.
Particular Shares % Share Promoter Holding Pre-Issue 4,47,14,558 98.06% Promoter Holding Post Issue 6,27,09,727 69.90%
Objects of the Issue & Utilisation of Proceeds
Purpose Crores % Funding long-term working capital requirements of the Company 550 -% General Corporate Purpose – -%
About Anand Rathi Share IPO
Founded in 1991, Anand Rathi Share and Stock Brokers Limited is a full-service broking firm and a key part of the Anand Rathi Group, which provides a wide range of financial services. The company operates under the “Anand Rathi” brand, offering broking, margin trading, and financial product distribution to a diverse client base.
The firm provides investment opportunities across equity, derivatives, commodities, and currency markets, catering mainly to investors above 30 years of age, who constitute around 85% of its clientele. Anand Rathi Share and Stock Brokers consistently reports strong performance, achieving the highest ARPC among competitors, with ₹30,922 in FY2024, ₹26,012 in FY2023, and ₹26,386 in FY2022.
Anand Rathi Share IPO Company Financial Report
Amount in Crores (₹)
Period Ended Revenue Expense PAT Assets 2022 ₹423.78 ₹360.19 ₹50.39 ₹1,340.58 2023 ₹468.70 ₹417.71 ₹37.84 ₹1,628.78 2024 ₹683.26 ₹567.86 ₹77.42 ₹2,585.10 2025 ₹847.00 ₹706.63 ₹103.61 ₹3,365.00
Anand Rathi Share IPO Valuation – FY2025
Check Anand Rathi Share IPO valuation details like Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 23.12% ROCE: 21.32% EBITDA Margin: 36.81% PAT Margin: 12.23% Debt-to-equity ratio: 1.8 Earning Per Share (EPS): ₹23.36 (Basic) Price/Earnings (P/E) Ratio: N/A Return on Net Worth (RoNW): 23.12% Net Asset Value (NAV): ₹113.57
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Motilal Oswal Financial Services 41.83 20.91 25.21% 185.73 8,417.22 Cr. IIFL Capital Services Limited 23.06 13.49 33.17% 80.98 2,567.43 Cr. Geojit Financial Services 6.18 11.53 15.49% 44.57 749.32 Cr. Angel One Limited 130.05 17.42 7.78% 624.53 5,247.67 Cr.
IPO Lead Managers aka Merchant Bankers
- Nuvama Wealth Management Ltd.
- Dam Capital Advisors Ltd.
- Anand Rathi Advisors Ltd.
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: anandrathibrokers.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Company Address
Anand Rathi Share & Stock Brokers Ltd.
Express Zone, A Wing,
10th Floor, Western Express Highway,
Goregaon (E), Mumbai –
Goregaon, Maharashtra, 400063
Phone: +91 22 – 6281 70
Email: secretarial@rathi.com
Website: https://www.anandrathi.com/