Bookbuilding IPO | ₹746 Cr | Listed at BSE, NSE | Tue, Sep 23, 2025 - Thu, Sep 25, 2025
Anand Rathi Share IPO is a book build issue of ₹745.64 crores. The issue is entirely a fresh issue of 1.80 crore shares of ₹745.64 crore.
Anand Rathi Share IPO bidding started from Sep 23, 2025 and ended on Sep 25, 2025. The allotment for Anand Rathi Share IPO was finalized on Sep 26, 2025. The shares got listed on BSE, NSE on Sep 30, 2025.
Anand Rathi Share IPO price band is set at ₹414 per share. The lot size for an application is 36. The minimum amount of investment required by an retail is ₹14,904 (36 shares) (based on upper price). The lot size investment for sNII is 14 lots (504 shares), amounting to ₹2,08,656, and for bNII, it is 68 lots (2,448 shares), amounting to ₹10,13,472.
The issue includes a reservation of up to 2,57,069 shares for employees offered at a discount of ₹25.00 to the issue price.
Nuvama Wealth Management Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Anand Rathi Share IPO RHP for detailed Information.
IPO Open
Tue, Sep 23, 2025
IPO Close
Thu, Sep 25, 2025
Issue Price
₹414 per share
Market Cap (Pre-IPO)
₹2,596.18 Cr
| IPO Date | 23 to 25 Sep, 2025 |
| Listed on | Tue, Sep 30, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹393 to ₹414 |
| Issue Price | ₹414 per share |
| Lot Size | 36 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹25.00 |
| Total Issue Size | 1,80,10,692 shares (agg. up to ₹746 Cr) |
| Fresh Issue | 1,80,10,692 shares (agg. up to ₹746 Cr) |
| Share Holding Pre Issue | 4,47,14,558 shares |
| Share Holding Post Issue | 6,27,25,250 shares |
| BSE Script Code / NSE Symbol | 544530 / ARSSBL |
| ISIN | INE549H01021 |
Anand Rathi Share IPO offers total 1,80,10,692 shares. Out of which 88,76,810 (49.29%) allocated to QIB, 35,50,724 (19.71%) allocated to QIB (Ex- Anchor), 26,63,044 (14.79%) allocated to NII 62,13,769 (34.50%) allocated to RII and 53,26,086 (29.57%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 88,76,810 (49.29%) | NA |
| − Anchor Investor Shares Offered | 53,26,086 (29.57%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 35,50,724 (19.71%) | NA |
| NII (HNI) Shares Offered | 26,63,044 (14.79%) | NA |
| − bNII > ₹10L | 17,75,363 (9.86%) | 3,522 |
| − sNII < ₹10L | 8,87,681 (4.93%) | 1,761 |
| Retail Shares Offered | 62,13,769 (34.50%) | 1,72,604 |
| Employee Shares Offered | 2,57,069 (1.43%) | NA |
| Total Shares Offered | 1,80,10,692 (100.00%) |
Investors can bid for a minimum of 36 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,904 |
| Retail (Max) | 13 | 468 | ₹1,93,752 |
| S-HNI (Min) | 14 | 504 | ₹2,08,656 |
| S-HNI (Max) | 67 | 2,412 | ₹9,98,568 |
| B-HNI (Min) | 68 | 2,448 | ₹10,13,472 |
Anand Rathi Share IPO raises ₹220.50 crore from anchor investors. Anand Rathi Share IPO Anchor bid date is September 22, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 22, 2025 |
| Shares Offered | 53,26,086 |
| Anchor Portion (₹ Cr.) | 220.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 24, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1991, Anand Rathi Share and Stock Brokers Limited is a Full-Service broking company. The Company is a part of the Anand Rathi group which carries out a diverse range of financial services
The company provides broking services, margin trading, and financial product distribution under the ‘Anand Rathi’ brand, offering investment options in equity, derivatives, commodities, and currency markets to various clients.
As of March 31, 2025, 84.36% of the company’s active clients were over 30 years old. With three decades of experience and diverse offerings, the company is well-positioned for growth.
As of March 31, 2025, the company offers broking services through 90 branches, 1,125 authorized agents across 290 cities, and online platforms, serving clients in Tier 1, Tier 2, and Tier 3 cities.
Offerings & Services:
As of March 31, 2025, the company had 2,082 permanent employees.
Competitive Strengths:
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 3,365.00 | 2,585.10 | 1,628.78 |
| Total Income | 847.00 | 683.26 | 468.70 |
| Profit After Tax | 103.61 | 77.29 | 37.75 |
| EBITDA | 311.27 | 230.58 | 115.07 |
| NET Worth | 503.76 | 392.66 | 265.23 |
| Reserves and Surplus | 481.58 | 370.48 | 245.07 |
| Total Borrowing | 905.57 | 879.24 | 423.00 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding long-term working capital requirements of the Company | 550.00 |
| 2 | General corporate purposes | 153.50 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 23.12% |
| ROCE | 21.32% |
| Debt/Equity | 1.80 |
| RoNW | 23.12% |
| PAT Margin | 12.23% |
| EBITDA Margin | 36.81% |
| Price to Book Value | 4.68 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 23.17 | 16.52 |
| P/E (x) | 17.87 | 25.06 |
| Promoter Holding | 98.06% | 69.9% |
| Market Cap | ₹2,596.18 Cr. |
The Anand Rathi Share IPO is subscribed 21.83 times on September 25, 2025 5:05:58 PM (Day 3). The public issue subscribed 5.11 times in the retail category, 46.25 times in the QIB category, and 30.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 46.25 | 35,42,964 | 16,38,48,024 |
| NII | 30.16 | 26,60,715 | 8,02,39,356 |
| bNII (bids above ₹10L) | 32.01 | 17,73,810 | 5,67,83,412 |
| sNII (bids below ₹10L) | 26.45 | 8,86,905 | 2,34,55,944 |
| Retail | 5.11 | 62,08,335 | 3,17,43,828 |
| Employee | 2.70 | 2,57,069 | 6,94,512 |
| Total | 21.83 | 1,26,69,083 | 27,65,25,720 |
Total Application : 7,95,213
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission, as applicable) | 25.49 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Issue and fee payable to the Sponsor Bank for Bids made by RIBs. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.69 |
| 3 | Fees payable to Registrar to the Issue | 0.99 |
| 4 | Advertising and Marketing expenses | 4.77 |
| 5 | Fee payable to auditors, consultants and market research firms | 0.79 |
| 6 | Others (i) Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses; (ii) Printing and distribution of stationery; (iii) Fees payable to legal counsel; and (iv) Miscellaneous. | 7.78 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹414.00 | ₹414.00 |
| Open | ₹432.10 | ₹432.00 |
| Low | ₹432.00 | ₹431.00 |
| High | ₹458.50 | ₹458.70 |
| Last Trade | ₹445.65 | ₹445.55 |
Anand Rathi Share IPO is a main-board IPO of 1,80,10,692 equity shares of the face value of ₹5 aggregating up to ₹746 Crores. The issue is priced at ₹414 per share. The minimum order quantity is 36.
The IPO opens on Tue, Sep 23, 2025, and closes on Thu, Sep 25, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Anand Rathi Share IPO using UPI as a payment gateway. Zerodha customers can apply in Anand Rathi Share IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Anand Rathi Share IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Anand Rathi Share IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025.
Anand Rathi Share IPO lot size is 36, and the minimum amount required for application is ₹14,904.
You can apply in Anand Rathi Share IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Anand Rathi Share IPO will be done on Friday, September 26, 2025, and the allotted shares will be credited to your demat account by Mon, Sep 29, 2025. Check the Anand Rathi Share IPO allotment status.
The Anand Rathi Share IPO listing date is on Tue, Sep 30, 2025.
