Anand Rathi Share IPO Description – Anand Rathi Share and Stock Brokers, a full-service brokerage house in India with over 30 years of experience, provides broking, margin trading, and distribution of financial products under the “Anand Rathi” brand. As of 31 March 2025, the company serviced 2,21,510 Active Clients, of which 1,86,859 (84.36%) were above 30 years of age, underscoring its focus on a high-investible corpus demographic. The company’s offerings span equities, derivatives, commodities, and currency markets, complemented by algorithmic trading, IPO assistance, and securities lending.
The firm operates through 90 branches across 54 cities, a network of 1,125 Authorised Persons in 290 cities, and robust online platforms such as Trade Mobi, AR Invest, MF Client, and Trade Xpress. In Fiscal 2025, it achieved the highest Average Revenue per Client (ARPC) among peers at INR 29,347 driven by client vintage, age profile, and personalized advisory services. Notably, 58.91% of Active Clients had a vintage of over three years, and 44.88% over five years, highlighting strong client stickiness.
The firm also distributes mutual funds, AIFs, bonds, and PMS products. With consolidated permanent employees of 2,082 and INR 60,823.97 crore in assets under custody (60.50% from clients aged 30+), Anand Rathi stands positioned as a trusted advisor in India’s evolving investment landscape.
Promoters of Anand Rathi Share and Stock Brokers – Anand Nandkishore Rathi, Pradeep Navratan Gupta, Priti Pradeep Gupta and Anand Rathi Financial Services Limited
Table of Contents
Anand Rathi Share and Stock Brokers IPO Details
| Anand Rathi Share IPO Dates | 23 – 25 September 2025 |
| Anand Rathi Share Issue Price | INR 339 – 414 per share Employee discount – INR 25 per share |
| Fresh issue | INR 745 crore |
| Offer For Sale | Nil |
| Total IPO size | INR 745 crore |
| Minimum bid (lot size) | 36 shares (INR 12,204) |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Anand Rathi Share Financial Performance
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 423.37 | 467.83 | 681.79 | 845.70 |
| Expenses | 360.19 | 417.71 | 567.86 | 706.63 |
| Net income | 50.80 | 37.75 | 77.29 | 103.61 |
| Margin (%) | 12.00 | 8.07 | 11.34 | 12.25 |
Anand Rathi Share Offer News
- Anand Rathi Share RHP
- Anand Rathi Share DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Anand Rathi Share Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue)* | |
| EPS | 9.36 | 18.20 | 22.46 | 16.52 |
| PE Ratio | – | – | 15.09 – 18.43 | 20.52 – 25.06 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 28.66 | 15.32 | 23.50 | 23.12 |
| NAV | 78.95 | 65.78 | 88.53 | 113.57 |
| ROCE (%) | 24.60 | 16.72 | 21.48 | 21.32 |
| EBITDA (%) | 26.83 | 24.60 | 33.82 | 36.81 |
| Debt/Equity | 1.03 | 1.48 | 2.14 | 1.71 |
Anand Rathi Share IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Subject to Sauda |
| 29 September 2025 | 28 | 1,000 |
| 27 September 2025 | 28 | 1,000 |
| 26 September 2025 | 37 | 1,000 |
| 25 September 2025 | 37 | 1,000 |
| 24 September 2025 | 45 | 1,200 |
| 23 September 2025 | 30 | 800 |
| 22 September 2025 | 25 | 800 |
| 20 September 2025 | 45 | 1,200 |
| 19 September 2025 | 72 | 2,100 |
| 18 September 2025 | 75 | 2,200 |
Anand Rathi Share Offer Objectives
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding long-term working capital requirements of the company – INR 550 crore
- General corporate purposes
Anand Rathi Share IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered | 37,40,457 | 28,05,344 | 65,45,802 | 2,71,739 | 1,33,63,342 |
| 25 Sep 2025 | 43.80 | 28.60 | 4.78 | 2.56 | 20.66 |
| 24 Sep 2025 | 0.02 | 1.88 | 1.37 | 1.83 | 1.11 |
| 23 Sep 2025 | 0.01 | 0.53 | 0.53 | 1.42 | 0.41 |
53,26,086 shares allotted to anchor investors are not included in these calculations.
Anand Rathi Share – Comparison With Listed Peer
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Anand Rathi Share | 25.06 | 16.52 | 23.12 | 113.57 | 845.70 |
| Motilal Oswal Financial Services | 20.91 | 41.00 | 25.21 | 185.73 | 8,417.22 |
| IIFL Capital | 13.49 | 21.89 | 33.17 | 80.98 | 2,567.43 |
Anand Rathi Share IPO Allotment Status
Anand Rathi Share IPO allotment status is now available on MUFG Intime’s website. Click on this link to get the allotment status.
Anand Rathi Share IPO Dates & Listing Performance
| IPO Opening Date | 23 September 2025 |
| IPO Closing Date | 25 September 2025 |
| Finalization of Basis of Allotment | 26 September 2025 |
| Initiation of refunds | 29 September 2025 |
| Transfer of shares to demat accounts | 29 September 2025 |
| Anand Rathi Share IPO Listing Date | 30 September 2025 |
| Opening Price on NSE | INR 432 per share (up 4.35%) |
| Closing Price on NSE | INR 445.55 per share (up 7.62%) |
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Anand Rathi Share IPO Lead Manager
NUVAMA WEALTH MANAGEMENT LIMITED
801-804, Wing A, Building No 3, Inspire BKC,
G Block, Bandra Kurla Complex, Bandra East,
Mumbai – 400 051
Phone: +91 22 4009 4400
Email: [email protected]
Website: www.nuvama.com
Anand Rathi Share Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
Anand Rathi Share Contact Details
ANAND RATHI SHARE AND STOCK BROKERS LIMITED
Express Zone, A Wing, 10th Floor, Western
Express Highway, Goregaon (E), Mumbai – 400063
Phone: +91 22 – 6281 7000
Email: [email protected]
Website: www.anandrathi.com
Anand Rathi Share IPO FAQs
How many shares in the Anand Rathi Share IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in the Anand Rathi Share Public Offer?
The best way to apply for the Anand Rathi Share public offer is through Internet banking, ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is the Anand Rathi Share IPO GMP today?
Anand Rathi Share IPO GMP today is INR 28 per share.
What is the Anand Rathi Share kostak rate today?
Anand Rathi Share kostak rate today is INR NA per application.
What is the Anand Rathi Share Subject to Sauda rate today?
Anand Rathi Share Subject to Sauda rate today is INR 1,000 per application.