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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Anand Rathi Share & Stock Brokers Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹414
Per ShareLot Size
36 Shares
Minimum Investment
₹14,904
Issue Size
₹745 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
98.06%
Promoter Holding (Post-Issue)
69.92%
Issue Type
Book Building
ISIN
INE549H01021
We are an established full-service brokerage house in India with over 30 years of experience. We provide 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. Our 3 decades of track record, comprehensive product offerings, and focus on serving this key demographic, positions us for continued growth. We categorise our offerings and services as (i) broking services; (ii) margin trading facility; and (iii) distribution of investment products.
As per CARE Report, broking industry in India is estimated to be valued at ~ Rs. 520 billion as of FY25 and expected to grow at a CAGR of 16-18% over the next 2-3 years. In Q1FY26, NSE active clients witnessed rise in active clients supported by influx of retail investors with active clients reaching 47.9 million. The number of NSE registered active clients increased at a CAGR of 32.8% between FY20-Q1FY26. In June 2025, the MTF market grew significantly, reaching Rs. 879 billion, a 23.7% increase over March 2025, with a CAGR of 87% from trading day of March 2020 to last trading day of June 2025. This growth is driven by rising investor awareness of MTF's benefits in boosting buying power and potential returns, along with a bullish stock market.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of up to 17,995,169 equity shares of face value of Rs. 5 each (Equity Shares) of Anand Rathi Share and Stock Brokers Limited (the Company) for cash at a price of Rs. 414 per equity share (including a share premium of Rs. 409 per equity share) (Issue Price) aggregating up to Rs. 745.00 crores (Issue). The issue included a reservation of 257,069 equity shares aggregating up to Rs. 10.00 crores (Constituting 0.41% of the Post-Issue Equity Share Capital), for subscription by eligible employees (Employee Reservation Portion). The company in consultation with the brlms, offer a discount of 6.04% of the issue price (Equivalent of Rs. 25 per Equity Share) to the eligible employees bidding in the employee reservation portion (Employee Discount). The issue less the employee reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue shall constitute 28.71% and 28.3% of the post-issue paid-up equity share capital of the company, respectively. A discount of Rs. 25 per equity share is being offered to eligible employees bidding in the employee reservation portion
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Our Company was originally incorporated as `Navratan Capital and Securities Private Limited', at Mumbai as a private limited company under the provisions of Companies Act, 1956 and received a certificate of incorporation issued by the RoC on November 22, 1991. Our Company got converted into a public limited company pursuant to a Board resolution dated January 10, 2007 and a special resolution passed by the Shareholders on February 05, 2007, and the name of our Company was changed to, `Navratan Capital and Securities Limited'. A fresh certificate of incorporation was issued by the RoC on March 21, 2007. Subsequently, the name of our Company was changed from `Navratan Capital and Securities Limited' to `Anand Rathi Share and Stock Brokers Limited', pursuant to a Board resolution dated August 26, 2007 and a special resolution passed by our Shareholders on October 26, 2007. A fresh certificate of incorporation dated January 29, 2008, was issued by the RoC to our Company.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.