Anand Rathi Share and Stock Brokers Ltd, the brokerage arm of Anand Rathi Group, has refiled its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) worth ₹745 crore. The IPO will be an entirely fresh issue, with shares carrying a face value of ₹5 each.
Key Details of the IPO:
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The company first filed its DRHP in December 2024.
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It may conduct a pre-IPO placement of up to ₹149 crore; any amount raised will be deducted from the fresh issue.
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₹550 crore from the IPO proceeds will be allocated to long-term working capital needs and general corporate purposes.
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The issue will be conducted via the book-building process, with:
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50% reserved for Qualified Institutional Buyers (QIBs)
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15% for Non-Institutional Investors (NIIs)
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35% for Retail Investors
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A reserved portion for eligible employees
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Lead Managers & Listing Details:
Nuvama Wealth Management Limited, DAM Capital Advisors Limited, and Anand Rathi Advisors Limited are the book-running lead managers (BRLMs), while MUFG Intime India Private Limited is the issue registrar. The company’s equity shares are proposed to be listed on the National Stock Exchange (NSE) and BSE.
A key player in India’s financial services sector, Anand Rathi Share and Stock Brokers Ltd offers a diverse range of services, including stockbroking, margin trading, and financial product distribution. The company serves a wide clientele, ranging from retail investors and high-net-worth individuals (HNIs) to institutional clients.
With this IPO, Anand Rathi Share and Stock Brokers aims to strengthen its financial position and expand its market presence in India’s rapidly evolving brokerage industry.
