Anand Rathi Group arm’s Rs 745 cr IPO on Sept 23

New Delhi: Anand Rathi Group’s brokerage arm, Anand Rathi Share and Stock Brokers, on Thursday fixed a price band of Rs 393 to Rs 414 per share for its upcoming Rs 745-crore initial public offering (IPO).

The company’s maiden public offering is scheduled to open for subscription on September 23 and conclude on September 25.

The broking firm’s IPO is entirely a fresh issuance of shares worth Rs 745 crore with no offer-for-sale (OFS) component. Proceeds of the IPO to the tune of Rs 550 crore would be allocated to fund the company’s long-term working capital requirements, and a portion would be used for general corporate purposes.

Anand Rathi Share and Stock Brokers Ltd provides a wide range of financial services, including broking, margin trading, and distribution of financial products, under the brand name ‘Anand Rathi’. Catering to a diverse clientele, the company serves retail investors, high-net-worth individuals (HNIs), ultra-HNIs, and institutional clients.

As of March 2025, Anand Rathi Share and Stock Brokers operates through a robust network of 90 branches across 54 cities in India, supported by 1,125 authorised persons (agents approved by relevant stock exchanges) in 290 cities.

The company’s multi-channel presence through its pan-India branches and network of authorised persons, along with its online and digital platforms, enables it to service its clients across Tier-I, Tier-II, Tier-III and other cities.

The company’s revenue from operations rose to Rs 845.70 crore in FY 2025, up from Rs 467.83 crore in FY 2023, reflecting a CAGR (compound annual growth rate) of 34.45 per cent. During the same period, profit after tax increased from Rs 37.75 crore to Rs 103.61 crore, registering a CAGR of 65.68 per cent.