
Anand Rathi & Stock Brokers IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Fri Sep 19 2025

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Anand Rathi & Stock Brokers IPO is open for bidding from 23rd September 2025 to 25th September 2025. It is a bookbuilding IPO of ₹745.00 crore, comprising a fresh issue of 1.80 crore shares. The problem will be listed on NSE and BSE on its tentative listing date, 30th September 2025.
Anand Rathi & Stock Brokers IPO Details
The Anand Rathi & Stock Brokers IPO date is fixed between 23rd September 2025 and 25th September 2025. The face value of Anand Rathi & Stock Brokers IPO shares stands at ₹5 per share, and the IPO price is set at ₹393.00 to ₹414.00 per share.
MUFG Intime India Private Limited is the registrar of the Anand Rathi & Stock Brokers IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 23rd September 2025 |
IPO Close Date | 25th September 2025 |
IPO Allotment Date | 26th September 2025 |
Refund Initiation | 29th September 2025 |
Issue Size | 1,79,95,169 shares(aggregating up to ₹745.00 Cr) |
Face Value | ₹5 per share |
Lot Size | 36 shares |
Issue Price Band | ₹393.00 to ₹414.00 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & NSE |
Listing Date | 30th September 2025 |
Anand Rathi & Stock Brokers IPO Share Reservation
Anand Rathi & Stock Brokers IPO is a bookbuilding IPO of ₹745.00 crores, comprising a fresh issue of 1.80 crore shares of Anand Rathi & Stock Brokers, which will be listed on the BSE and NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Shares Offered |
QIB Shares Offered | Not more than 50% of the Net Offer |
Retail Shares Offered | Not less than 35% of the Net Offer |
NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Anand Rathi & Stock Brokers IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Anand Rathi & Stock Brokers IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
19-09-2025 | ₹414.00 | ₹70.00 | ₹484.00 | 16.91% |
18-09-2025 | ₹414.00 | ₹70.00 | ₹484.00 | 16.91% |
17-09-2025 | ₹0.00 | ₹60.00 | ₹60.00 | 0.00% |
16-09-2025 | ₹0.00 | ₹0.00 | ₹0.00 | 0.00% |
15-09-2025 | ₹0.00 | ₹0.00 | ₹0.00 | 0.00% |
As of 19th September 2025, Anand Rathi & Stock Brokers IPO GMP stands at ₹70 per share, which means the share will likely show a listing at ₹484 on its tentative listing date, 30th September 2025.
GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Anand Rathi & Stock Brokers IPO GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Anand Rathi & Stock Brokers IPO GMP Review

Check out the detailed Anand Rathi & Stock Brokers GMP IPO review for a thorough understanding of its potential to report listing gains on 30th September 2025. The Anand Rathi & Stock Brokers IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Anand Rathi & Stock Brokers IPO.
Anand Rathi & Stock Brokers Limited’s revenue increased by 24% from ₹683.26 crores in March 2024 to ₹847.00 crores in March 2025. Moreover, the company’s PAT rose by 34% from ₹77.29 crores to ₹103.61 crores.
Anand Rathi & Stock Brokers Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for the Anand Rathi & Stock Brokers IPO, with its tentative listing day set for 30th September 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Anand Rathi & Stock Brokers IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 17.87 |
EPS (Earnings Per Share) | 23.17 |
RoNW | 23.12% |
ROCE | 21.32% |
ROE | 23.12% |
EBITDA Margin | 36.81% |
Price to Book Value | 4.86 |
Market Capitalisation | ₹2,596.18 Cr |
The P/E ratio of Anand Rathi & Stock Brokers Limited’s share is 17.87, and its Earnings Per Share (EPS) stands at 23.17. Thus, the Anand Rathi & Stock Brokers Limited IPO is expected to deliver gains on its tentative listing date, 22nd September 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Anand Rathi & Stock Brokers Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Anand Rathi & Stock Brokers Limited IPO Peer Comparison
Company Name | EPS | P/E Ratio | RoNW | Face value | Revenue |
Anand Rathi & Stock Brokers Limited | 23.36 | 23.12 | ₹5 | 141.10 | |
Motilal Oswal Financial Services | 41.83 | 20.91 | 25.21 | ₹1 | 8,417.00 |
IIFL Capital Services Limited | 23.06 | 80.98 | 33.17 | ₹2 | 2,567.00 |
Geojit Financial Services Ltd | 6.18 | 44.57 | 15.49 | ₹1 | 749.00 |
Angel One Limited | 130.05 | 624.53 | 7.78 | ₹10 | 5,248.00 |
Anand Rathi & Stock Brokers IPO Subscription Status
The Anand Rathi & Stock Brokers IPO is to be opened for bidding on 23rd September 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Anand Rathi & Stock Brokers IPO subscription status.
Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
QIB Shares Offered | Not more than 50% of the Net Offer | Yet to be announced | Yet to be announced |
Retail Shares Offered | Not less than 35% of the Net Offer | Yet to be announced | Yet to be announced |
NII (HNI) Shares Offered | Not less than 15% of the Net Offer | Yet to be announced | Yet to be announced |
About Anand Rathi & Stock Brokers Limited

Prime Cable Industries Limited was established in 1991. Anand Rathi Share and Stock Brokers Limited is a full-service broking company. The company is a part of the Anand Rathi group, which carries out a diverse range of financial services. The company provides broking services, margin trading, and financial product distribution under the ‘Anand Rathi’ brand, offering investment options in equity, derivatives, commodities, and currency markets to various clients. As of 31 March 2025, 84.36% of the company’s active clients were over 30 years old. With three decades of experience and diverse offerings, the company is well-positioned for growth. As of March 31, 2025, the company offers broking services through 90 branches, 1,125 authorised agents across 290 cities, and online platforms, serving clients in Tier 1, Tier 2, and Tier 3 cities.
Anand Rathi & Stock Brokers Limited Financials
The company’s financial analysis is crucial before applying for the Anand Rathi & Stock Brokers IPO. Refer to the table to learn about Anand Rathi & Stock Brokers Limited’s financials.
Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
Assets | 3,365.00 | 2,585.10 | 1,628.78 |
Revenue | 847.00 | 683.26 | 468.70 |
Profit After Tax | 103.61 | 77.29 | 37.75 |
EBITDA | 311.27 | 230.58 | 115.07 |
Net Worth | 503.76 | 392.66 | 265.07 |
Reserve and surplus | 481.58 | 370.48 | 245.07 |
Total Borrowing | 905.57 | 879.24 | 423.00 |
Explanation
Anand Rathi & Stock Brokers Limited’s revenue increased by 24% from ₹683.26 crores in March 2024 to ₹847.00 crores in March 2025. Moreover, the company’s PAT rose by 34% from ₹77.29 crores to ₹103.61 crores.
Anand Rathi & Stock Brokers IPO Bidding Requirements
Investors can bid for a minimum of 36 shares and in multiples thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
Individual Investors (Retail) (Min) | 1 | 36 | ₹14,904 |
Individual Investors (Retail) (Max | 13 | 468 | ₹1,93,752 |
S-HNI (Min) | 14 | 504 | ₹2,08,656 |
S-HNI (Max) | 67 | 2,412 | ₹9,98,568 |
B-HNI (Min) | 68 | 2,448 | ₹10,13,472 |
Anand Rathi & Stock Brokers IPO has reserved lot sizes for different investor categories. Look at the table below to see the requirements for applying for this IPO.
Use the lot size calculator to find how many shares you should apply for!
Anand Rathi & Stock Brokers IPO Promoter Holding
Take a look at the table below to review the holdings of Anand Rathi & Stock Brokers Limited’s promoters: Rakesh Ashok Markhedkar, Avinash Markhedkar, and Nakul Markhedkar.
Share Holding Pre-Issue | 98.06% |
Share Holding Post-Issue | 69.90% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of the Anand Rathi & Stock Brokers IPO
The primary aim of the Anand Rathi & Stock Brokers IPO is to raise ₹745.00 crores. On the other hand, Anand Rathi & Stock Brokers has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Anand Rathi & Stock Brokers IPO.
- To fund long-term working capital requirements of the company
- For general corporate purposes
Should I Invest in the Anand Rathi & Stock Brokers IPO?
Explore the pros and cons of Anand Rathi & Stock Brokers to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of Anand Rathi & Stock Brokers IPO
- Anand Rathi & Stock Brokers has substantial and strong financial growth.
- The company has a good market position & client base.
- The company is listed on the NSE & BSE. It helps with liquidity and visibility.
Cons of Anand Rathi & Stock Brokers IPO
- The company has a competition in brokerage and financial services.
- The company has a dependence on the market conditions.
- They may pre IPO placement could reduce the fresh issue size.
How to Apply for the Anand Rathi & Stock Brokers IPO?

Check the steps mentioned below to apply for Anand Rathi & Stock Brokers Limited.
- Step 1: Conduct thorough research on the Anand Rathi & Stock Brokers IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for two lots of 36 shares worth ₹14,904.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Anand Rathi & Stock Brokers IPO from more than one demat account to increase your chances of allotment.
How to Check Anand Rathi & Stock Brokers IPO Allotment Status?
You can check whether the Anand Rathi & Stock Brokers IPO allotment has been completed in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On NSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Anand Rathi & Stock Brokers IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Anand Rathi & Stock Brokers IPO allotment status.
Let’s Wrap
Anand Rathi & Stock Brokers IPO is a bookbuilding issue of shares worth ₹745.00 crores. The shares of Anand Rathi & Stock Brokers Limited will be listed on NSE and BSE on its tentative listing date of 30th September 2025. Researching the Anand Rathi & Stock Brokers IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Anand Rathi & Stock Brokers IPO
How is the Anand Rathi & Stock Brokers IPO?
Ans. Currently, on 19th September 2025, the Anand Rathi & Stock Brokers IPO GMP (Grey Market Premium) stands at ₹83. It indicates that the estimated listing price could be ₹83 per share. It is a bookbuilding IPO of ₹40.01 crores, comprising a fresh issue of 0.42 crore shares. The face value of each share of Anand Rathi & Stock Brokers Limited is ₹5 per share.
What is the Anand Rathi & Stock Brokers IPO price?
Ans. The Anand Rathi & Stock Brokers IPO price is set at ₹78.00 to ₹83.00 per share. Retail investors can apply for a minimum of 1 lot consisting of 36 shares worth ₹14,904. Moreover, HNIs are required to bid for a minimum of 14 lots (504 shares) worth ₹2,08,656.
Is the Anand Rathi & Stock Brokers IPO good?
Ans. Anand Rathi & Stock Brokers Limited’s revenue increased by 24% from ₹683.26 crores in March 2024 to ₹847.00 crores in March 2025. Moreover, the company’s PAT rose by 34% from ₹77.29 crores to ₹103.61 crores.
Who is the registrar of the Anand Rathi & Stock Brokers IPO?
Ans. MUFG Intime India Private Limited is the registrar of the Anand Rathi & Stock Brokers IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Anand Rathi & Stock Brokers allotment and refund, you can contact MUFG Intime India Private Limited at ipo.helpdesk@linkintime.co.in or +91-22-4918 6270.
What is the issue size of the Anand Rathi & Stock Brokers IPO?
Ans. Anand Rathi & Stock Brokers IPO is a bookbuilding IPO for 1.80 crore shares worth ₹745.00 crores. Moreover, the IPO is set to open on 23rd September 2025 and will be closed on 25th September 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Anand Rathi & Stock Brokers IPO, download the Anand Rathi & Stock Brokers IPO RHP and Anand Rathi & Stock Brokers IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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