Anand Rathi Share and Stock Brokers raises Rs 220.50 crore from anchor investors

Anand Rathi Share and Stock Brokers has garnered Rs 220.50 crore from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, September 23. The company informed the exchanges that it has allocated 53, 26, 086 equity shares at Rs 414 per share to anchor investors.

The marquee institutions that participated in the anchor include HDFC Mutual Fund, Kotak Small Cap Fund, Quant Mutual Fund, Aditya Birla Sunlife Banking & Financial services Fund, SBI Life Insurance Co. Ltd., Singularity Large Value Fund, Pinebridge India Equity Fund, Morgan Stanley India Investment Fund, Kotak Mahindra Life Insurance Co. Ltd., 360 ONE Equity Opportunities Fund, Bandhan Balanced Advantage Fund, Sanshi Fund, BNP Paribas Financial Markets ODI, ITI Flexi Cap Fund, Rajasthan Global Securities Pvt. Ltd.

Out of the total allocation of 5,326,086 Equity Shares to the Anchor Investors, 2,302,596 Equity Shares (i.e. 43.23% of the total allocation to Anchor Investors) were allocated to 6 domestic mutual funds, which have applied through a total of 6 schemes.

Nuvama Wealth Management Limited, DAM Capital Advisors Limited and Anand Rathi Advisors Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.

IPO Details

The IPO comprises a fresh issue aggregating up to Rs 745 crore.

The offer also includes a subscription reservation by eligible employees in the employee reservation portion.

The Company is proposing to open its initial public offering of Equity Shares (the "Offer") on Tuesday, September 23, 2025, for subscription and close on Thursday, September 25, 2025. The price band for the Offer has been determined at Rs 393 - Rs 414 per equity share.

The IPO will fetch Rs 745 crore at the upper end of the price band.

Investors can bid for a minimum of 36 Equity Shares and in multiples of 36 Equity Shares thereafter.

The Offer is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the net offer shall be available for allocation to non-institutional bidders, and not less than 35% of the net offer shall be available for allocation to retail individual bidders.

Company Information

The company is an established full-service brokerage house in India with over 30 years of experience. The company provides broking services, margin trading facility and distribution of financial products under the brand 'Anand Rathi' to a diverse set of clients across retail, high net worth individuals, ultra-high net worth individuals and institutions. Its investment offerings span across a wide array of asset classes like equity, derivatives, commodities, currency, Mutual funds, AIF, PMS etc.

And while the company's client base is spread across various age demographics, 221,510 of its active clients, representing 84.36% of its active clients were above 30 years of age as on March 31, 2025. The company has three decades of track record, comprehensive product offerings, and focus on serving this key demographic, and it is positioned for continued growth.

The company is a part of the Anand Rathi group, which carries out a diverse range of financial services business through its group companies. As of March 31, 2025, the offers its broking and other financial services through its network of 90 branches spread across 54 cities in India, network of 1,125 authorised persons (agents appointed by the company after approval from the relevant stock exchange) spread across 290 cities in India, and online and digital platforms.

The company's multi-channel presence through its pan India branches and network of authorised persons and its online and digital platforms enables it to service its clients across tier-1, tier-2, tier-3 and other cities.

During the FY 25, the company's revenue from operations was Rs 845.70 crore and its net profit was Rs 103.6 crore.

The company's revenue from operations was Rs 681.7 crore during FY 24 and its net profit was Rs 77.29 crore during FY 24.

Source : Equity Bulls

Keywords

AnandRathiShareandStockBrokers FundRaising IPO AnchorInvestors