• Price band of Rs 393 – Rs 414 per Equity Share bearing face value of Rs 5 each (“Equity Shares”)
  • Bid/Issue Opening Date – Tuesday, September 23, 2025 and Bid/Issue Closing Date – Thursday, September 25, 2025.
  • Minimum Bid Lot is 36 Equity Shares and in multiples of 36 Equity Shares thereafter

Mumbai : Anand Rathi Share and Stock Broker (“Company”) has fixed the price band of ₹ 393/- to ₹414/- per Equity Share of face value ₹ 5/- each for its Initial Public Offer of Equity Shares (“IPO” or “Issue”).

The IPO will open on Tuesday, September 23, 2025, for subscription and close on Thursday, September 25, 2025.

Investors can bid for a minimum of 36Equity Shares and in multiples of 36Equity Shares thereafter.

Equity shares outstanding as on date 44,714,558Equity Shares of Rs 5 each.

The IPO is a fresh issue aggregating up to Rs 7,450.00 million.

The proceeds from the fresh issue to the extent of Rs 5,500.00 million will be utilised for funding the working capital requirements of the Company.

The Company is an established full-service brokerage house in India with over 30 years of experience. The Company provides 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. Its investment offerings span across a wide array of asset classes like equity, derivatives, commodities, and currency markets.

While the Company’s client base is spread across various age demographics, 1,86,859 of its active clients, representing 84.36% of its active clients were above 30 years of age as on March 31, 2025. The Company’s three decades of track record, comprehensive product offerings, and focus on serving this key demographic, positions it for continued growth.

The Company is a part of the Anand Rathi group, which carries out a diverse range of financial services business through its group companies. As of March 31, 2025, the Company offers its broking and other financial services through its network of 90 branches spread across 54 cities in India, network of 1,125 authorized persons (agents appointed by the Company after approval from the relevant stock exchange) spread across 290 cities in India, and online and digital platforms.

The Company’s multi-channel presence through its pan India branches and network of authorised persons and its online and digital platforms enables it to service its clients across tier-1, tier-2, tier-3 and other cities.

The Company’s revenue from operations increased to ₹ 8,456.98 million in Fiscal 2025 from ₹ 4,678.26 million in Fiscal 2023 with a CAGR of 34.45%, and it’s profit after tax increased from ₹ 377.45 million in Fiscal 2023 to ₹ 1,036.06 million in Fiscal 2025 at a CAGR of 65.68%.

Nuvama Wealth Management Limited, DAM Capital Advisors Limited and Anand Rathi Advisors Limited are the Book-Running Lead Managers; and MUFG Intime India Private Limited (Formerly Link intime India Private Limited) is the Registrar to the Issue.

**In compliance with the proviso to Regulation 21A(1) of the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992, as amended, read with proviso to Regulation

23(3) of the SEBI ICDR Regulations, Anand Rathi Advisors Limited will be involved only in marketing of the Issue.

The Issue is being made through the book-building process, wherein not more than 50% of the Net Issue shall be available for allocation to qualified institutional buyers, and not less than 15% and 35% of the Net Issue shall be available for allocation to Non-Institutional Bidders and Retail Individual Bidders, respectively. The Issue also includes an Employee Reservation Portion for Eligible Employees aggregating up to ₹ 100.00 million.