Anand Rathi Share & Stock Brokers IPO

Anand Rathi Share IPO is a book-built issue with a fresh issue of ₹745.85 crore and the objective is to use the proceeds for long-term working capital requirements and general corporate purposes. Investors can bid for a minimum lot of 36 shares and in multiples. Book running lead managers to the IPO are Nuvama Wealth Management Limited, DAM Capital Advisors Limited and Anand Rathi Advisors Limited and the registrar is MUFG Intime India Private Limited. The IPO is opening on September 23, 2025 and will close on September 25, 2025. The IPO will be listed on NSE and BSE by September 30, 2025.

Company Background

Anand Rathi Group was founded in 1994 by Anand Rathi and Pradeep Kumar Gupta. The Anand Rathi Group has grown rapidly into a specialist financial services group. The company offers a broad range of financial solutions, including stock broking, wealth management, institutional equities, investment banking, insurance broking, commodities broking and capital market lending through a network of over 90 branches and more than 1,100 authorised persons. Anand Rathi believes in integrity and innovation and caters to a vast number of clients with the intention of meeting investment and financial needs across various asset classes.

Operations & Product Range

Facility & Production

Anand Rathi Share & Stock Brokers Limited offers share and stock broking services with over 90 branches and more than 1,100 authorised persons spread across the country. They are engaged in equity, commodity and currency broking as well as margin financing. The company use state-of-the-art back-end to trade in online and offline modes and is supported by a separate research & advisory team for providing insights and execution. This scalable business model serves a range of customer segments, including retail, institutional and high-net-worth clients.

Brands & Market Presence

The Group’s operating entity is marketed under the “Anand Rathi” brand, which enjoys strong visibility in the Indian financial services space. The full-service bank is present across Tier-1 and Tier-2 cities through its network of branches and digital offerings. The brand of Anand Rathi is known for its transparency, customer service and innovative financial products. For over three decades, the firm has earned and maintained trust serving a diverse investor base, from individual retail clients to large institutional investors throughout the country.

Revenue Channels

Revenue channels of Anand Rathi Share IPO include:

• ⦁ Its sources of revenue involve brokerage fees for equity, commodity and currency transactions carried out on its platforms.
• ⦁ Income from margin trading facilities is contributed through interest and financing charges.
• ⦁ Recurring fee income is made in wealth management and portfolio advisory services.
• ⦁ Investment banking and institutional equities bring in underwriting and advisory fees.
• ⦁ Insurance broking and commodities trading add complementary revenue layers.

Management & Shareholding

Promoters & Shareholding

Before the Anand Rathi Share IPO, promoters Anand Rathi and Pradeep Kumar Gupta held a significant majority stake. Post-IPO, the holding of promoters will fall as a result of the fresh issue; however, they will retain control. Control and strategic direction still rest with the promoters and top management of the company (or founders’ group), while opening up ownership to public investors.

Board Members

The Board of Anand Rathi Share IPO brings together seasoned professionals with valuable experience in finance, compliance and strategic management to oversee the company’s operations as it moves towards being a public entity. The merchant bankers orchestrating the IPO process are Nuvama Wealth Management, DAM Capital Advisors, Anand Rathi Advisors and MUFG Intime India.