Anand Rathi Group’s brokerage arm, Anand Rathi Share and Stock Brokers Limited, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO) worth ₹745 crore.
Key IPO Details:
- Issue Size: ₹745 crore (entirely fresh issue of shares).
- Face Value: ₹5 per share.
- Employee Reservation: Includes reservations for eligible employees.
- Pre-IPO Placement: Up to ₹149 crore may be raised. If successful, the fresh issue size will be reduced accordingly.
- Utilization of Funds:
- ₹550 crore for long-term working capital.
- Balance for general corporate purposes.
The IPO will follow the book-building process:
- QIBs: Not more than 50% of the net issue.
- Non-institutional Investors: Not less than 15%.
- Retail Investors: Not less than 35%.
Company Overview:
Anand Rathi Share and Stock Brokers, with over 30 years of experience, offers a comprehensive suite of financial services, including broking, margin trading, and distribution of financial products. Operating under the ‘Anand Rathi’ brand, the company serves retail investors, HNIs, ultra-HNIs, and institutional clients.
Business Highlights:
- Strong Growth:
- FY24 revenue surged by 45.74% to ₹681.79 crore (from ₹467.83 crore in FY23).
- Profit after tax (PAT) grew 104.77% to ₹77.29 crore (₹37.74 crore in FY23).
- H1 FY25 Performance:
- Revenue: ₹441.72 crore.
- PAT: ₹63.66 crore.
- Client Demographics:
- 84.86% of 146,029 Active Clients are over 30 years old.
- Network:
- 90 branches across 54 cities.
- 1,123 authorized agents across 333 cities.
- Digital Focus: Proprietary platforms like ‘Trade Mobi,’ ‘AR Invest,’ ‘MF Client,’ and ‘Trade Xpress’ offer seamless trading experiences.
- Subsidiary Presence: Anand Rathi International Ventures serves NRIs and family offices via GIFT-IFSC, providing access to international investments.
Lead Managers & Listing:
- Book-Running Lead Managers:
- Nuvama Wealth Management Limited
- DAM Capital Advisors Limited
- Anand Rathi Advisors Limited
- Registrar: Link Intime India Private Limited.
- Proposed Listings: NSE and BSE.
With its 30-year legacy, robust financial performance, and a strong focus on technology and client engagement, Anand Rathi Share and Stock Brokers is positioned for sustained growth and expansion.
