Anand Rathi share brokers IPO opens on September 23

Anand Rathi Share and Stock Brokers offers services such as brokerage, margin trading, and financial products under the Anand Rathi brand.

Its clients include retail investors, high-net-worth individuals (HNIs), and institutional investors.

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As of March 2025, the company’s network included 90 branches in 54 cities and 1,125 authorized representatives across 290 cities.

This allows the firm to serve customers in Tier-I, Tier-II, Tier-III cities, and even rural areas.

Strong Financial Growth

The company has shown consistent financial growth in recent years.

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Its operating income rose from ₹467.83 crore in FY2023 to ₹845.70 crore in FY2025, reflecting a CAGR of 34.45%.

Meanwhile, net profit jumped from ₹37.75 crore to ₹103.61 crore during the same period, with a CAGR of 65.68%.

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IPO Allotment and Lot Size

The IPO shares are divided among investor categories:

50% for Qualified Institutional Buyers (QIBs)

35% for Retail Investors

15% for Non-Institutional Investors

For retail investors, the minimum application is one lot of 36 shares, and investments can be made in multiples of this lot size.

The Book Running Lead Managers (BRLMs) for the issue are Nuvama Wealth Management, DAM Capital Advisors, and Anand Rathi Advisors.

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