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Anand Rathi Share & Stock Brokers

Anand Rathi Share and Stock Brokers Limited, incorporated in 1991, is a full-service broking company and part of the Anand Rathi Group, offering a wide range of financial services. Under the ‘Anand Rathi’ brand, it provides broking services across equity, derivatives, commodities, and currency markets, along with margin trading facilities and distribution of investment products like mutual funds, AIFs, bonds, fixed deposits, and PMS. As of March 31, 2025, the company operated through 90 branches, 1,125 authorized agents across 290 cities, and online platforms, serving retail, HNI, UHNI, and institutional clients nationwide, with 84.36% of its active clients aged over 30. Backed by over three decades of experience, it employed 2,082 people as of March 2025.

₹393 - ₹41415.77x sub
Listed Price₹432.00
Listing Gain+4.35%

IPO Schedule & Timeline

Bookbuilding IPO
Open23 Sep 2025
Close25 Sep 2025
Allotment26 Sep 2025
Listing30 Sep 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor53,26,086 shares
29.6%
QIB35,42,964 shares
19.69%
HNI26,60,715 shares
14.79%
Retail62,08,335 shares
34.5%
Employee2,57,069 shares
1.43%

Minimum Application Lots

Retail1 Lot (36 shares)
₹14,904
sHNI14 Lots (504 shares)
₹2,08,656
bHNI68 Lots (2,448 shares)
₹10,13,472

Company Promoters

Anand Nandkishore RathiPradeep Navratan GuptaPriti Pradeep GuptaAnand Rathi Financial Services Limited

Company Background

Anand Rathi Share and Stock Brokers Limited, incorporated in 1991, is a full-service broking company and part of the Anand Rathi Group, offering a wide range of financial services. Under the ‘Anand Rathi’ brand, it provides broking services across equity, derivatives, commodities, and currency markets, along with margin trading facilities and distribution of...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹847 Cr
Growth+80.7%
Revenue Trend (₹ in Crores)
0.0324.7649.4974.0Mar-23Mar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-25847103.613,365.00905.57
Mar-24683.2677.422,585.10879.24
Mar-23468.737.841,628.78423

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-25023.12%21.32%17.8725.06
Mar-24023.50%21.48%00
Mar-23015.32%16.72%00

Peer Comparison & Valuation

Financial Performance

Motilal Oswal Financial Services

NAV/Share (₹)185.73
RONW(%)25.21
EPS (Basic) (₹)41.83

Anand Rathi Share and Stock Brokers Limited

NAV/Share (₹)113.57
RONW(%)23.12
EPS (Basic) (₹)22.36

IIFL Capital Services Limited

NAV/Share (₹)80.98
RONW(%)33.17
EPS (Basic) (₹)23.06

Geojit Financial Services Limited

NAV/Share (₹)44.57
RONW(%)15.49
EPS (Basic) (₹)6.18

Angel One Limited

NAV/Share (₹)624.53
RONW(%)7.78
EPS (Basic) (₹)130.05

Valuation

Motilal Oswal Financial Services

P/E(X)20.91
CMP* (₹)857.35
Face value (₹)1

Anand Rathi Share and Stock Brokers Limited

P/E(X)NA
CMP* (₹)NA
Face value (₹)5

IIFL Capital Services Limited

P/E(X)13.49
CMP* (₹)295.35
Face value (₹)2

Geojit Financial Services Limited

P/E(X)11.53
CMP* (₹)71.11
Face value (₹)1

Angel One Limited

P/E(X)17.42
CMP* (₹)2,209.00
Face value (₹)10

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Ltd (MUFG)

Allotment Finalized
Allotment Date
26 Sep 2025
Official Status
Out / Finalized
Registrar
Link Intime India Private Ltd (MUFG)
Listing Date
30 Sep 2025

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Ltd (MUFG)

Direct allotment verification on the official registrar portal appointed for Anand Rathi Share & Stock Brokers. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization26 Sep 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date30 Sep 2025Trading commences on exchange

How to Check Anand Rathi Share & Stock Brokers Allotment Online

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Anand Rathi Share & Stock Brokers IPO

Complete issue overview for Anand Rathi Share & Stock Brokers (ARSSBL) IPO. The issue features an equity share price band of ₹393 – ₹414 per share with a minimum retail lot size of 36 Shares (minimum application amount of ₹14,904). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions