About Anand Rathi Share & Stock Brokers:
The company is an established full-service brokerage house in India with over 30 years of experience. Operating under the brand name Anand Rathi, it offers broking services, margin trading facilities, and distribution of financial products to a diverse clientele, including retail investors, high-net-worth individuals, ultra-high-net-worth individuals, and institutions. With three decades of proven track record, a comprehensive range of product offerings, and a strong focus on key customer segments, the company is well-positioned for continued growth. Its services are categorized into (i) broking services, (ii) margin trading facilities, and (iii) distribution of investment products.
About the Industry in which Anand Rathi Share & Stock Brokers operates:
According to the CARE Report, the Indian broking industry was valued at approximately ₹520 billion in FY25 and is projected to grow at a CAGR of 16–18% over the next two to three years. NSE active clients reached 47.9 million in Q1FY26, reflecting strong retail investor participation, with registered active clients growing at a CAGR of 32.8% between FY20 and Q1FY26. The MTF market also expanded significantly, rising to ₹879 billion in June 2025, supported by investor awareness, enhanced buying power, and favorable stock market conditions.
| Important Information and Timelines of the IPO of Anand Rathi Share & Stock Brokers: | |
|---|---|
| Open Date | 23 September 2025 |
| Close Date | 25 September 2025 |
| Total Issue Size – Number of Shares | 17995169 |
| Minimum Bid Price | 393 |
| Maximum Bid Price | 414 |
| Lot Size | 36 |
| Basis of Allotment | 26 September 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 29 September 2025 |
| Listing Date | 30 September 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Anand Rathi Share & Stock Brokers:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 36 | 14904 |
| Retail – Maximum | 13 | 468 | 193752 |
| sHNI – Minimum | 14 | 504 | 208656 |
| sHNI – Maximum | 67 | 2412 | 998568 |
| bHNI – Minimum | 68 | 2448 | 1013472 |
Objective of the IPO of Anand Rathi Share & Stock Brokers:
Objects of the Issue:
-
Funding long-term working capital requirements of our Company
-
General corporate purposes
Financials of Anand Rathi Share & Stock Brokers:
| Particulars | Fiscal 2025 | Fiscal 2024 | Fiscal 2023 |
|---|---|---|---|
| Equity Share Capital (₹ in million) | 221.78 | 221.78 | 201.62 |
| Net Worth (₹ in million) (1) | 5,037.57 | 3,926.58 | 2,652.34 |
| Return on Net Worth (RoNW) (%) (2) | 23.12% | 23.50% | 15.32% |
| Revenue from Operations (₹ in million) | 8,456.98 | 6,817.88 | 4,678.26 |
| Profit / (Loss) After Tax (₹ in million) | 1,036.06 | 772.90 | 377.45 |
| Earnings / (Loss) per Equity Share - Basic (₹) (3) | 23.36 | 19.03 | 9.36 |
| Earnings / (Loss) per Equity Share - Diluted (₹) (4) | 22.46 | 18.20 | 9.36 |
| Net Asset Value per Equity Share (₹) (5) | 113.57 | 88.53 | 65.78 |
| Total Borrowings (₹ in million) (6) | 9,055.65 | 8,792.43 | 4,229.97 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Anand Rathi Share & Stock Brokers. You will receive a UPI mandate after 10:00 AM on 23 September 2025.
###1. How to apply for the IPO of Anand Rathi Share & Stock Brokers on Dhan?
You can apply for the IPO of Anand Rathi Share & Stock Brokers from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Anand Rathi Share & Stock Brokers be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 29 September 2025. However, you will be able to see the shares of Anand Rathi Share & Stock Brokers on Dhan before the market starts on the listing date which is 30 September 2025.