The IPO opens on September 23, 2025 and closes on September 25, 2025. Shares are planned to be listed on BSE and NSE.
Key IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | September 23, 2025 |
| IPO Close Date | September 25, 2025 |
| Listing Date | September 30, 2025 |
| Face Value | ₹5 per equity share |
| Price Band | ₹393 to ₹414 per share |
| Issue Size | Approx. ₹745 Crores |
| Fresh Issue | Approx. ₹745 Crores |
| Offer for Sale | – |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| Employee Discount | ₹25.00 |
| Retail Quota | Up to 35% |
| QIB Quota | Up to 50% |
| NII (HNI) Quota | Up to 15% |
Market Lot Information
| Category | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 36 | 14,904 |
| Retail Maximum | 13 | 468 | 1,93,752 |
| S-HNI Minimum | 14 | 504 | 2,08,656 |
| S-HNI Maximum | 67 | 2,412 | 9,98,568 |
| B-HNI Minimum | 68 | 2,448 | 10,13,472 |
Important IPO Dates
| Event | Date |
|---|---|
| IPO Opening | September 23, 2025 |
| IPO Closing | September 25, 2025 |
| Basis of Allotment | September 26, 2025 |
| Refund Initiation | September 29, 2025 |
| Demat Credit | September 29, 2025 |
| Listing Date | September 30, 2025 |
Promoters
- Anand Nandkishore Rathi
- Pradeep Navratan Gupta
- Priti Pradeep Gupta
- Anand Rathi Financial Services Limited
About the Company
To be updated soon.
Financial Performance
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2022 | 423.78 | 360.19 | 50.39 | 1,340.58 |
| 2023 | 468.70 | 417.71 | 37.84 | 1,628.78 |
| 2024 | 683.26 | 567.86 | 77.42 | 2,585.10 |
| 2025 | 847.00 | 706.63 | 103.61 | 3,365.00 |
Key Financial Ratios (FY2025)
| KPI | Value |
|---|---|
| ROE | 23.12% |
| ROCE | 21.32% |
| EBITDA Margin | 36.81% |
| PAT Margin | 12.23% |
| Debt to Equity Ratio | 1.8 |
| EPS (Basic) | ₹23.36 |
| P/E Ratio | N/A |
| RoNW | 23.12% |
| Net Asset Value (NAV) | ₹113.57 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Motilal Oswal Financial Services | 41.83 | 20.91 | 25.21% | 185.73 | 8,417.22 Cr. |
| IIFL Capital Services Limited | 23.06 | 13.49 | 33.17% | 80.98 | 2,567.43 Cr. |
| Geojit Financial Services | 6.18 | 11.53 | 15.49% | 44.57 | 749.32 Cr. |
| Angel One Limited | 130.05 | 17.42 | 7.78% | 624.53 | 5,247.67 Cr. |
Purpose of the IPO
- Funding long-term working capital requirements
- General Corporate Purpose
Registrar & Contact Details
Registrar:
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: anandrathibrokers.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Lead Managers:
Nuvama Wealth Management Ltd.
Dam Capital Advisors Ltd.
Anand Rathi Advisors Ltd.
Company Address:
Anand Rathi Share & Stock Brokers Ltd.
Express Zone, A Wing, 10th Floor, Western Express Highway, Goregaon (E), Mumbai – Goregaon, Maharashtra, 400063
Phone: +91 22 – 6281 70
Email: secretarial@rathi.com
Website: https://www.anandrathi.com/
Reviews
The company has shown strong financial results and growth in profitability. Investors may consider for long-term investment, but are advised to research further and consult financial advisors before investing.