Anand Rathi Share & Stock Brokers
September 23, 2025 – September 25, 2025
| Price | ₹0 - ₹0 |
| GMP Rumors * | ₹60 |
|---|---|
| Lot size | 0 |
| Allotment | Sep 26, 2025 |
| Listing | Sep 30, 2025 |
Anand Rathi Share & Stock Brokers About
IPO Details
| Total Issue Size | [.] shares (aggregating up to ?745.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,43,55,408 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicator
Adding detail soon.Financial Details In Crores
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 3,460.04 | 2,585.10 | 1,628.78 | 1,340.58 |
| Total Income | 442.39 | 683.26 | 468.7 | 423.78 |
| Profit After Tax | 62.79 | 77.42 | 37.84 | 50.39 |
| EBITDA | 161.5 | 230.58 | 115.07 | 113.61 |
| NET Worth | 460.38 | 392.66 | 265.23 | 227.4 |
| Reserves and Surplus | 438.2 | 370.48 | 245.07 | 213.95 |
| Total Borrowing | 1,064.89 | 879.24 | 423 | 275.52 |
Company Overview
Incorporated: 1991; part of the Anand Rathi Group.
Business: Full-service brokerage house offering broking services, margin trading facilities (MTF), and distribution of financial products (mutual funds, AIFs, FDs, bonds, PMS).
Client Base: 84.86% of active clients are over 30 years old (as of Sept 30, 2024).
Network: 90 branches + 1,123 authorized agents across 333 cities; strong presence in Tier 1–3 cities and digital platforms.
Strength
High ARPC advantage – The company enjoys the highest Average Revenue Per Client (ARPC) among peers, ensuring superior monetization per customer.
Strong MTF-led growth – Strategic use of the Margin Trading Facility (MTF) business helps drive higher ARPC and enhances overall profitability.
Diversified full-service model – As a full-service brokerage house, the company benefits from multiple revenue streams across broking, MTF, and financial product distribution.
Weakness
Revenue concentration risk – A substantial portion of revenues comes from broking and MTF business; slowdown in either could materially impact financial performance.
Market dependency – Business is highly sensitive to economic cycles and securities market volatility in India and globally, which may disrupt revenues and cash flows.
Regulatory compliance risk – The company has received a SEBI notice regarding “fit and proper” criteria under SEBI (Intermediaries) Regulations, 2008; any adverse order may significantly affect operations and reputation.
Anand Rathi Share & Stock Brokers Lead Manager(s)
Anand Rathi Share & Stock Brokers Address
Express Zone, A Wing,
10th Foor, Western Express Highway,
Goregaon (E), Mumbai -
Goregaon, Maharashtra, 400063
Phone: +91 22 - 6281 70
Email: secretarial@rathi.com
Website: https://www.anandrathi.com/
Anand Rathi Share & Stock Brokers Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083
Anand Rathi Share & Stock Brokers Reviewers
| Reviewer | Recommendation | File |
|---|