Anand Rathi Share and Stock Brokers IPO: Co raises Rs 220 crore from anchor investors

Anand Rathi Share and Stock Brokers on Monday raised Rs 220.49 crore from anchor investors ahead of its initial public offering (IPO) that opens for public subscription on Tuesday, September 23. The company today informed the exchanges that it has allocated over 53.26 lakh equity shares at Rs 414 per share to anchor investors.

Some of the marquee institutions that participated in the anchor include HDFC Mutual Fund, Kotak Mutual Fund, BNP Paribas Financial Markets, Quant Mutual Fund, Aditya Birla Sun Life Mutual Fund, SBI Life Insurance, Pinebridge Global Funds, Singularity Mutual Fund, Morgan Stanley India Investment Fund, Kotak Mahindra Life Insurance, Bandhan Mutual Fund, 360 One Equity Mutual Fund, ITI Mutual Fund and Rajasthan Global Securities.

Anand Rathi Share and Stock Brokers IPO GMP

Shares of Anand Rathi Share and Stock Brokers were commanding a grey market premium of Rs 31 or 7.5% over the issue price of Rs 414. Its shares are estimated to get listed at Rs 445.

Also Read: Jaro Institute IPO: Edtech company raises Rs 135 crore from anchor investors ahead of Tuesday launch

About Anand Rathi Share IPO

Anand Rathi Share and Stock Brokers is the brokerage arm of the Anand Rathi Group and it has announced the price band at Rs 393 to Rs 414 per equity share. The issue size is pegged at Rs 745 crore and comprises a 100% fresh issue with no offer-for-sale (OFS) component, meaning all proceeds will go to the company.

The public issue will close on Thursday, September 25, 2025.The IPO will be conducted through the book-building route, and the equity shares, each having a face value of Rs 5, will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), with NSE designated as the primary stock exchange for this issue.Notably, the IPO does not include any shares offered by existing shareholders, confirming that there is no offer-for-sale portion.

Anand Rathi Share and Stock Brokers IPO proceeds

According to the company’s offer documents, Rs 550 crore from the net proceeds of the IPO will be utilised to meet long-term working capital requirements. The remaining funds will be used for general corporate purposes.

Book running lead managers and registrar

The book-running lead managers (BRLMs) for the IPO are Nuvama Wealth Management Limited, DAM Capital Advisors Limited, and Anand Rathi Advisors Limited, while the registrar to the issue is MUFG Investor Services India Private Limited.

Also Read: Jaro Institute IPO: Rs 450 cr issue opens Tuesday but ed-tech peers show mixed 1-yr returns

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