Comparison between Anand Rathi Share IPO and Laxmi India Finance IPO.
Anand Rathi Share IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Laxmi India Finance IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Anand Rathi Share IPO is up to ₹745.64 Cr whereas the issue size of the Laxmi India Finance IPO is up to ₹254.26 Cr. The final issue price of Anand Rathi Share IPO is ₹414.00 per share and of Laxmi India Finance IPO is ₹158.00 per share.
| Anand Rathi Share IPO | Laxmi India Finance IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹5 per share |
| Issue Price (Lower) | ₹393.00 per share | ₹150.00 per share |
| Issue Price (Upper) | ₹414.00 per share | ₹158.00 per share |
| Issue Price (Final) | ₹414.00 per share | ₹158.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ₹25.00 per share | |
| Market Lot Size | 36 shares | 94 shares |
| Fresh Issue Size | 1,80,10,692 shares | 1,04,53,575 shares |
| Fresh Issue Size (Amount) | up to ₹745.64 Cr | up to ₹165.17 Cr |
| OFS Issue Size | 0 shares | 56,38,620 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹89.09 Cr |
| Issue Size Total | 1,80,10,692 shares | 1,60,92,195 shares |
| Issue Size Total (Amount) | up to ₹745.64 Cr | up to ₹254.26 Cr |
Anand Rathi Share IPO opens on Sep 23, 2025, while Laxmi India Finance IPO opens on Jul 29, 2025. The closing date of Anand Rathi Share IPO and Laxmi India Finance IPO is Sep 25, 2025, and Jul 31, 2025, respectively.
| Anand Rathi Share IPO | Laxmi India Finance IPO | |
|---|---|---|
| Anchor Bid Date | Sep 22, 2025 | Jul 28, 2025 |
| Issue Open | Sep 23, 2025 | Jul 29, 2025 |
| Issue Close | Sep 25, 2025 | Jul 31, 2025 |
| Basis Of Allotment (Tentative) | Sep 26, 2025 | Aug 01, 2025 |
| Initiation of Refunds (Tentative) | Sep 29, 2025 | Aug 04, 2025 |
| Credit of Share (Tentative) | Sep 29, 2025 | Aug 04, 2025 |
| Listing date (Tentative) | Sep 30, 2025 | Aug 05, 2025 |
| Anchor Lockin End date 1 | Oct 25, 2025 | Aug 30, 2025 |
| Anchor Lockin End date 2 | Dec 24, 2025 | Oct 29, 2025 |
Anand Rathi Share IPO P/E ratio is 17.87, as compared to Laxmi India Finance IPO P/E ratio of 18.35.
| Anand Rathi Share IPO | Laxmi India Finance IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)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.
| Company Financials (Restated)Laxmi India Finance Ltd.'s revenue increased by 42% and profit after tax (PAT) rose by 60% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 98.06 | 89.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.9 | 60.45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.87 | 18.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹2596.18 Cr. | ₹825.83 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 23.12% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 21.32% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.80 | 4.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹23.17 | ₹8.61 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.12% | 13.95% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Anand Rathi Share IPO Retail Individual Investors (RII) are offered 62,13,769 shares while in Laxmi India Finance IPO retail investors are offered 62,13,769 shares. Qualified Institutional Buyers (QIB) are offered 35,50,724 shares in Anand Rathi Share IPO and 31,86,253 shares in Laxmi India Finance IPO.
| Anand Rathi Share IPO | Laxmi India Finance IPO | |
|---|---|---|
| Anchor Investor Reservation | 53,26,086 shares | 47,79,379 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 35,50,724 shares | 31,86,253 shares |
| NII | 26,63,044 shares | 23,89,691 shares |
| RII | 62,13,769 shares | 55,75,944 shares |
| Employee | 2,57,069 shares | 1,60,928 shares |
| Others | ||
| Total | 1,80,10,692 shares | 1,60,92,195 shares |
Anand Rathi Share IPO subscribed 21.83x in total, whereas Laxmi India Finance IPO subscribed 1.86x.
| Anand Rathi Share IPO | Laxmi India Finance IPO | |
|---|---|---|
| QIB (times) | 46.25x | 1.30x |
| NII (times) | 30.16x | 1.83x |
| Big NII (times) | 32.01x | 1.82x |
| Small NII (times) | 26.45x | 1.87x |
| RII (times) | 5.11x | 2.20x |
| Employee (times) | 2.70x | 1.54x |
| Other (times) | ||
| Total (times) | 21.83x | 1.86x |
