The Anand Rathi Share IPO is a mainboard IPO by Anand Rathi Share and Stock Brokers Limited, a full-service brokerage firm incorporated in 1991. The IPO is a bookbuilt issue of Rs. 745 Cr (~1.8 Cr shares), offering investors an opportunity to participate in a company with a wide range of financial services, including broking, margin trading, and investment product distribution.
Anand Rathi Share IPO Details
-
IPO Opening Date: Sep 23, 2025
-
IPO Closing Date: Sep 25, 2025
-
IPO Allotment Date: Sep 26, 2025
-
Refund Initiation: Sep 29, 2025
-
Tentative Listing Date: Sep 30, 2025
-
Issue Size: Rs. 745 Cr (1,79,95,169 Shares – wholly fresh issue)
-
Price Band: Rs. 393 – Rs. 414 per share
-
Lot Size: 36 Shares
-
Listing: BSE & NSE
-
Registrar: MUFG Intime India Pvt. Ltd.
Company Analysis
Anand Rathi Share Ltd. offers a variety of financial services under its brand:
-
Broking Services – Equity, derivatives, commodities, and currency markets.
-
Margin Trading Facility – Enables clients to leverage their investments.
-
Investment Product Distribution – Mutual funds, insurance, and other financial products.
The company has maintained steady financial growth with increasing assets, revenue, and profits over the past three fiscal years.
Company Financials (in Cr)
Cash Flows
Objectives of the Issue
-
Financing long-term operating capital needs (~Rs. 550 Cr).
-
General corporate purposes.
Listed Peers
Valuation Metrics
-
ROE: 23.12%
-
ROCE: 21.32%
-
Debt/Equity: 1.80
-
RoNW: 23.12%
-
PAT Margin: 12.23%
-
EBITDA Margin: 36.81%
-
Price to Book Value: 4.68
P/E Evaluation:
Based on FY25 EPS of Rs. 23.36, the P/E ratio is 17.72x, slightly higher than the industry average of 15.84x, suggesting an aggressive pricing strategy.
IPO Strengths
-
Peer set’s highest ARPC.
Comments
0 comment