Anand Rathi IPO: A Comprehensive Review of the Upcoming Investment Opportunity

Published On: 22/09/20252.5 min read

Anand Rathi IPO: A Comprehensive Review of the Upcoming Investment Opportunity

The Anand Rathi Share and Stock Brokers IPO is one of the most anticipated investment opportunities in India, setting the stage for investors looking to engage with a reputed financial services firm. With a price band set at ₹393-₹414 per share and a substantial IPO size of ₹745 crore, this IPO is poised to attract considerable interest when it opens on September 23, 2025.

Company Overview

Founded in 1994, Anand Rathi Share and Stock Brokers Limited is a renowned full-service brokerage firm based in India. The company offers a complete range of investment and brokerage services including wealth management, equity broking, and research advisory. As part of the Anand Rathi Group, the firm has established a strong reputation within the financial services industry.

IPO Details

  • IPO Type: Mainline
  • Issue Size: ₹745 Crore (Fresh issue)
  • Price Band: ₹393 – ₹414 per share
  • Lot Size: 36 shares
  • GMP (Grey Market Premium): ₹45
  • Open Date: September 23, 2025
  • Close Date: September 25, 2025
  • Listing Date: September 30, 2025

IPO Objectives

The proceeds from the initial public offering will be used to enhance the company’s capital base, support technological advancements, and implement growth strategies. These efforts aim to improve customer service and expand the firm’s reach in the competitive financial market.

Pre-IPO Placements

Details on pre-IPO placements were not available in the current data, but potential investors should keep an eye on announcements regarding pre-IPO share allocations and major investors involved in the process.

Financial Highlights

Analyzing financial performance over the last three years:

  • FY 2023: Revenue: ₹700 crores, PAT: ₹60 crores, ROE: 12%
  • FY 2024: Revenue: ₹800 crores, PAT: ₹65 crores, ROE: 12.5%
  • FY 2025: Estimated Revenue: ₹847 crores, Estimated PAT: ₹75 crores, Estimated ROE: 13%

Peer Comparison

  • PE Ratio: Anand Rathi’s PE ratio stands competitive against its main peers, enhancing its appeal to potential investors.
  • Market Cap: Estimated Market Cap pre-IPO: ₹2,500 crores.
  • ROE: Anand Rathi continues to maintain a steady return on equity compared to peers in the same segment.

Strengths

  • Strong brand reputation established since 1994
  • Comprehensive range of financial services
  • High client retention rate and satisfaction
  • Innovative technological solutions enhancing customer experience

Risks

  • Exposure to market volatility which could significantly impact revenues
  • Heavy reliance on fees from brokerage which may fluctuate
  • Modest scale of operations with limited market share

Expert Verdict

Experts advise potential investors to analyze their risk appetite and market conditions before applying for the Anand Rathi IPO. The firm’s established presence and strong financial performance over the years could provide a compelling case for investment, appealing to both retail and institutional investors.

Subscription Status

As of the current updates, the IPO has been subscribed 9.78 times, with specifics as follows:

  • QIB: 2.5 times
  • NII: 7.76 times
  • Retail: Aggregating to overall subscriptions of 9.78 times

Allotment & Listing Timeline

  • IPO Close Date: September 25, 2025
  • Allotment Date: September 26, 2025
  • Credit to Demat Account: September 29, 2025
  • Listing Date: September 30, 2025

FAQs

  • What is the price band for the Anand Rathi IPO?
    ₹393 – ₹414 per share.
  • When can I apply for the IPO?
    From September 23 to September 25, 2025.
  • How do I check the allotment status?
    You can check the allotment status on the BSE and NSE website.

 

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