Anand Rathi Group's IPO to Raise Rs 745 Crore for Expansion!

Anand Rathi Share and Stock Brokers, part of the Anand Rathi Group, has set the price band for its upcoming Initial Public Offering (IPO) at Rs 393 to Rs 414 per share. The IPO, valued at Rs 745 crore, is scheduled to open for subscription from September 23 to September 25.

The IPO is a fresh issuance aimed at raising funds to address long-term working capital requirements and general corporate purposes, with Rs 550 crore allocated for the former. The company provides an array of financial services and operates a comprehensive network across India, with 90 branches in 54 cities.

The company's financial performance has been robust, with revenue climbing to Rs 845.70 crore in FY 2025, representing a 34.45% CAGR. Profits have surged, highlighting the company's growth potential. The IPO issue has designated 50% for institutional buyers, 35% for retail investors, with a minimum lot size of 36 shares.

(With inputs from agencies.)