• Other

    Anand Rathi Share mops up ₹220.50 crore from anchor investors

    AnyFans Posted on

    By Ks Badri Narayanan

    Copyright thehindubusinessline

    Anand Rathi Share mops up ₹220.50 crore from anchor investors

    Anand Rathi Share and Stock Brokers, whose IPO is set to open on Tuesday, has garnered ₹220.50 crore from anchor investors. The company informed the exchanges that it has allocated 53.26 lakh shares at ₹414 a share to anchor investors.

    The IPO is entirely a fresh issue worth ₹745 crore and comes out with a price band ₹393-414.

    The marquee institutions that participated in the anchor include HDFC Mutual Fund, Kotak Small Cap Fund, Quant Mutual Fund, Aditya Birla Sunlife Banking & Financial services Fund, SBI Life Insurance Co Ltd, Singularity Large Value Fund, Pinebridge India Equity Fund, Morgan Stanley India Investment Fund, Kotak Mahindra Life Insurance Co Ltd., 360 ONE Equity Opportunities Fund, Bandhan Balanced Advantage Fund, Sanshi Fund, BNP Paribas Financial Markets ODI, ITI Flexi Cap Fund, Rajasthan Global Securities Pvt Ltd.

    Investors can bid for a minimum of 36 equity shares and in multiples of 36 thereafter. The IPO, which opens on September 23, is designed to fund long-term working capital requirements and other general corporate purposes.

    Up to 50 per cent of the net offer is reserved for qualified institutional buyers, 15 per cent for to non-institutional investors, and up to 35 per cent for allocation to retail individual bidders. The offer also includes a subscription reservation by eligible employees.

    Company Information

    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, currency, Mutual funds, AIF, PMS etc.

    Nuvama Wealth Management Ltd, DAM Capital Advisors Ltd and Anand Rathi Advisors Ltd are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.

    During the FY25, the company’s revenue from operations was ₹845.70 crore and its net profit was ₹103.6 crore. The company’s revenue from operations was ₹681.7 crore during FY24 and its net profit was ₹77.29 crore during FY24.

    Published on September 22, 2025