Anand Rathi Share & Stock Brokers IPO is a book-built issue aiming to raise ₹745 crore. It comprises a fresh issue of 1.80 crore equity shares. The bidding window was open from September 23, 2025, to September 25, 2025, with the IPO allotment to be finalised on September 26, 2025. Anand Rathi Share & Stock Brokers is scheduled to list on BSE and NSE on September 30, 2025.The IPO was priced at ₹392–₹414 per share with a lot size of 36 shares.
Anand Rathi Share & Stock Brokers’s ₹745 crore IPO, priced at ₹392–₹414 per share, was subscribed 8.22 times overall. The IPO consists entirely a fresh issue of 1.80 crore shares of ₹745.00 crore. Bidding took place from September 23 to September 25, 2025.
The table below breaks down the Anand Rathi Share & Stock Brokers share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 88,69,050 (49.29%) |
| − Anchor Investor Shares Offered | 53,26,086 (29.60%) |
| − QIB (Ex. Anchor) Shares Offered | 35,42,964 (19.69%) |
| NII (HNI) Shares Offered | 26,60,715 (14.79%) |
| − bNII > ₹10L | 17,73,810 (9.86%) |
| − sNII < ₹10L | 8,86,905 (4.93%) |
| Retail Shares Offered | 62,08,335 (34.50%) |
| Employee Shares Offered | 2,57,069 (1.43%) |
| Total Shares Offered | 1,79,95,169 (100.00%) |
Data Source: NSE
Anand Rathi is an established full-service brokerage house in India with over three decades of experience in the financial services sector.
The company provides a comprehensive range of offerings including broking services, margin trading facilities, and distribution of financial products under the brand name Anand Rathi.
Its services cater to a diverse client base comprising retail investors, high net worth individuals (HNIs), ultra-high net worth individuals (UHNIs), and institutional clients.
The firm’s investment solutions cover multiple asset classes such as equities, derivatives, commodities, and currency markets. While its clientele spans different age groups, as of September 30, 2024, a significant portion of its active clients—146,029 individuals representing 84.86%—were above 30 years of age.
This strong demographic base, combined with its proven track record and broad product suite, positions the company well for sustained growth.
A part of the Anand Rathi Group, which operates across various segments of financial services through its group companies, the brokerage house benefits from a diversified presence and strong brand recognition.
As of September 30, 2024, it operated through a network of 90 branches across 54 cities, supported by 1,123 Authorised Persons covering 333 cities in India. In addition, its digital and online platforms further enhance accessibility, allowing the firm to reach clients across Tier 1, Tier 2, Tier 3, and other cities nationwide.
The company’s service portfolio is structured into distinct categories, with Broking Services as a core offering. Through branches, Authorised Persons, and online platforms, it enables clients to trade across equities in cash-delivery, cash-intraday, futures and options, commodities, and currency segments.
A particular focus remains on cash-delivery and intraday trading, ensuring a balanced approach to meet diverse investor needs.
By leveraging its multi-channel presence, strong brand, and deep understanding of client preferences, Anand Rathi continues to strengthen its position in the financial services industry.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 25, 2025, 11:37 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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