Comparison between Anand Rathi Share IPO and Aye Finance IPO.
Anand Rathi Share IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Aye 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 Aye Finance IPO is up to ₹1,010.00 Cr. The final issue price of Anand Rathi Share IPO is ₹414.00 per share and of Aye Finance IPO is ₹129.00 per share.
| Anand Rathi Share IPO | Aye Finance IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹2 per share |
| Issue Price (Lower) | ₹393.00 per share | ₹122.00 per share |
| Issue Price (Upper) | ₹414.00 per share | ₹129.00 per share |
| Issue Price (Final) | ₹414.00 per share | ₹129.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ₹25.00 per share | |
| Market Lot Size | 36 shares | 116 shares |
| Fresh Issue Size | 1,80,10,692 shares | 5,50,38,759 shares |
| Fresh Issue Size (Amount) | up to ₹745.64 Cr | up to ₹710.00 Cr |
| OFS Issue Size | 0 shares | 2,32,55,812 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹300.00 Cr |
| Issue Size Total | 1,80,10,692 shares | 7,82,94,571 shares |
| Issue Size Total (Amount) | up to ₹745.64 Cr | up to ₹1,010.00 Cr |
Anand Rathi Share IPO opens on Sep 23, 2025, while Aye Finance IPO opens on Feb 09, 2026. The closing date of Anand Rathi Share IPO and Aye Finance IPO is Sep 25, 2025, and Feb 11, 2026, respectively.
| Anand Rathi Share IPO | Aye Finance IPO | |
|---|---|---|
| Anchor Bid Date | Sep 22, 2025 | Feb 06, 2026 |
| Issue Open | Sep 23, 2025 | Feb 09, 2026 |
| Issue Close | Sep 25, 2025 | Feb 11, 2026 |
| Basis Of Allotment (Tentative) | Sep 26, 2025 | Feb 12, 2026 |
| Initiation of Refunds (Tentative) | Sep 29, 2025 | Feb 13, 2026 |
| Credit of Share (Tentative) | Sep 29, 2025 | Feb 13, 2026 |
| Listing date (Tentative) | Sep 30, 2025 | Feb 16, 2026 |
| Anchor Lockin End date 1 | Oct 25, 2025 | Mar 13, 2026 |
| Anchor Lockin End date 2 | Dec 24, 2025 | May 12, 2026 |
Anand Rathi Share IPO P/E ratio is 17.87, as compared to Aye Finance IPO P/E ratio of 14.11.
| Anand Rathi Share IPO | Aye 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)
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| Promoter Shareholding (Pre-Issue) | 98.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.87 | 14.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹2596.18 Cr. | ₹3183.52 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 23.12% | 12.12% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 21.32% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.80 | 2.73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹23.17 | ₹9.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.12% | 12.12% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Anand Rathi Share IPO Retail Individual Investors (RII) are offered 62,13,769 shares while in Aye 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 2,34,88,372 shares in Aye Finance IPO.
| Anand Rathi Share IPO | Aye Finance IPO | |
|---|---|---|
| Anchor Investor Reservation | 53,26,086 shares | 3,52,32,558 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 35,50,724 shares | 2,34,88,372 shares |
| NII | 26,63,044 shares | 1,17,44,185 shares |
| RII | 62,13,769 shares | 78,29,456 shares |
| Employee | 2,57,069 shares | 0 shares |
| Others | ||
| Total | 1,80,10,692 shares | 7,82,94,571 shares |
Anand Rathi Share IPO subscribed 21.83x in total, whereas Aye Finance IPO subscribed 1.04x.
| Anand Rathi Share IPO | Aye Finance IPO | |
|---|---|---|
| QIB (times) | 46.25x | 1.62x |
| NII (times) | 30.16x | 0.05x |
| Big NII (times) | 32.01x | 0.02x |
| Small NII (times) | 26.45x | 0.11x |
| RII (times) | 5.11x | 0.81x |
| Employee (times) | 2.70x | |
| Other (times) | ||
| Total (times) | 21.83x | 1.04x |
