Anand Rathi Share & Stock Brokers Ltd IPO

LISTED
MAINBOARD

BSE • Lot Size: 36 • Finance

Issue414
Listed432+4%
Now627+51.4%
51.4%

*Last updated on 11 Jan 2026

Price Band

₹393 - ₹414

Lot Size

36

Issue Size

₹745.64 Cr

GMP

N/A

Subscription

21.83x

Analyzing...

IPO Schedule

1

Open

23 Sept 2025

2

Close

25 Sept 2025

3

Allotment

26 Sept 2025

4

Listing

30 Sept 2025

About Anand Rathi Share & Stock Brokers Ltd

Anand Rathi Share and Stock Brokers Ltd. is a well-established financial services group in India, providing a range of services including wealth management, investment banking, and brokerage services. The company caters to a diverse client base, including retail investors, high-net-worth individuals, and institutional clients.

Key Strengths

  • Established brand reputation and strong client relationships built over decades.
  • Diversified revenue streams across wealth management, investment banking, and brokerage services.
  • Experienced management team with a proven track record in the financial services industry.
  • Robust technology platform for efficient service delivery and client engagement.
  • Strong ROE of 23.12% indicates efficient utilization of shareholder equity.

Risk Factors

  • Dependence on market conditions; downturns in the equity market can negatively impact revenue and profitability.
  • Intense competition from other brokerage firms and financial institutions.
  • Regulatory changes and compliance requirements in the financial services industry can increase operational costs.

Valuation Analysis

The IPO appears reasonably valued at a P/E of 17.87, considering the company's strong ROE and established position; however, investors should carefully assess market risks and competitive landscape before investing.

IPO Details

ExchangeBSE
SegmentMAINBOARD
ISININE549H01021
NSE SymbolARSSBL
Face Value5
Lot Size36
Issue Size₹745.64 Cr

Key Metrics

ROE23.12%
ROCE21.32%
P/E Ratio17.87
Industry P/E20
EPS23.17
PAT Margin12.23%
Debt/Equity1.80

Growth & Quality

Revenue Growth (YoY)18.7%
ProfitableYes ✓
Anchor Investors38

Subscription

Total0.45x
Imbalance Ratio10.0x

Documents

Key Dates

Open Date23 Sept 2025
Close Date25 Sept 2025
Allotment26 Sept 2025
Listing30 Sept 2025