Anand Rathi Share and Stock Brokers IPO opens September 23: A look at price band, lot size, key dates and more

Anand Rathi Share and Stock Brokers IPO: The initial public offering of Anand Rathi Share and Stock Brokers will open for public subscription on September 23. The issue will end on September 25. The price band has been fixed at ₹393-₹414 per share.

The initial share sale is completely a fresh issuance of new equity shares aggregating to ₹745 crore without an offer for sale (OFS) component.

The objectives of the offer include working capital needs of the company and corporate general purposes.

Anand Rathi Share and Stock Brokers IPO: Lot size

A lot consists of 36 shares and in multiples thereafter. The company has reserved 50% of the offer for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.

Anand Rathi Share and Stock Brokers IPO: Allotment and listing dates

The basis of allotment of the Anand Rathi Share and Stock Brokers IPO is expected to be finalised on September 26. Refunds for non-allottees and credit of shares to the Demat account of successful investors will take place on September 29.

The company's shares will start trading on the stock exchanges on September 30.

Nuvama Wealth Management, Anand Rathi Advisors and DAM Capital Advisors are the IPO's book-running lead managers, while MUFG Intime India is the registrar.

About the company

Anand Rathi Share and Stock Brokers offers broking services, margin trading facility and distribution of financial products under the ‘Anand Rathi’ brand to an array of clients across retail, high net worth individuals (HNIs), ultra-high net worth individuals (UHNIs) and institutions.

Its investment offerings span across asset classes like equity, derivatives, commodities, and currency markets. The company's client base is spread across several age demographics, 1.86 lakh of its active clients, representing 84.36% of its active clients, were above 30 years of age as of March 2025. It operates through 90 branches and 1,125 authorised persons in India.