Anand Rathi IPO: Anand Rathi Share and Stock Brokers Limited, a company of Anand Rathi Brokerage Group, will soon conduct its Initial Public Offering (IPO). The company re-filed the IPO papers with the Securities Exchange Board of India (SEBI) on Tuesday.
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Anand Rathi IPO ₹745 Crore
Let us tell you that earlier in December 2024, the Draft Red Herring Prospectus (DRHP) was filed with SEBI. The company will issue new equity shares worth Rs 745 crore in the Anand Rathi IPO. The face value of the issue is Rs 5 per share. The company provides brokerage services to retail, HNI and institutional investors.
What About the Reservation of IPO?
35% of the issue is reserved for retail investors. The company has reserved 50% of the IPO for qualified institutional buyers (QIB). Apart from this, 35% is reserved for retail investors, and the remaining 15% is reserved for non-institutional investors (NII).
About the Anand Rathi IPO
- Nuvama Wealth Management Limited, DAM Capital Advisors Limited and Anand Rathi Advisors Limited have been appointed.
- As book-running lead managers for the Anand Rathi IPO, while MUFG Intime India Private Limited has been named as the registrar.
- The company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Company Considering Raising Money Through Pre-IPO
The company is considering raising Rs 149 crore through pre-IPO placement before the Anand Rathi IPO. In this case, the amount raised in the pre-IPO will be reduced by the portion of the new issue or OFS included in the IPO. Out of the funds raised from the IPO, Rs 550 crore will be used for the company’s long-term working capital requirements and general corporate purposes.
About the Company
- Anand Rathi Shares and Stock Brokers Limited offers broking, margin trading, and supply of financial products under the ‘Anand Rathi’ brand.
- These services are offered to retail investors, HNIs, ultra-HNIs and institutional investors.
- The company has a network of 90 branches in 54 cities
- The company has 1,123 agents in 333 cities.
- Apart from this, it provides services through online platforms in tier-1, tier-2, and tier-3 cities.
The company is constantly using digital technologies and advanced platforms to improve its customer experience. Seamless trading and investment experience is provided to investors through its proprietary mobile and web platforms—‘Trade Mobi,’ ‘AR Invest,’ ‘MF Client,’ and ‘Trade Express.’
Anand Rathi Share and Stock Brokers re-files its preliminary papers with #SEBI to raise funds via an #IPO.
— NDTV Profit (@NDTVProfitIndia) April 1, 2025
Read more ⬇️https://t.co/wZr98IgdLO
Financial Performance of the Company
The company earned a net profit (PAT) of Rs 77.29 crore in FY24. This was Rs 37.74 crore in FY23. The company’s profit has increased by 104.77%. The company’s operational revenue has been Rs 681.79 crore so far in FY24. This was Rs 467.83 crore in FY23. It has increased by 45.74%.
The company’s investment portfolio covers various asset classes, including equity, derivatives, commodity and currency markets. As of September 30, 2024, out of its total 1,72,173 active clients, 84.86%, i.e. 1,46,029 clients, were above 30 years of age.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗