IPO Details
Issue Date
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Investment/lot
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Price Range
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Lot Size
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IPO Size
N/A
Schedule of Anand Rathi Share & Stock Brokers IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
Objective of Anand Rathi Share and Stock Brokers Limited IPO
Funding long-term capital requirements of the company
General corporate purposes
Anand Rathi Share and Stock Brokers Limited IPO Valuation
Anand Rathi Share and Stock Brokers Limited IPO Share offer and Subscription Details
Industry Outlook
Financial literacy, structural and regulatory reforms and rising per capita income have contributed to a boom in capital market investment. The broking industry in India is estimated to be valued at ~ ₹450 billion as of FY24 and expected to grow at a CAGR of 16-18% over the next 3-4 years.
Company Information
Anand Rathi is an established Indian brokerage house with 30 years of experience. The company provides broking services, margin trading facility, and distributed financial products under the brand ‘Anand Rathi’.
Strengths of Anand Rathi Share & Stock Brokers IPO
Highest ARPC among peer set during FY24: Anand Rathi’s ARPC during FY24, FY23 and FY22 was ₹30,922, ₹26,012 and ₹26,386 respectively. The company believes it’s high ARPC is a combination of their 1) client vintage, average age profile of their clients, and personalised client management approach combined with a wide array of investment solutions offered to their clients.
Strategic use of MTF Business to drive higher ARPC: The company’s margin trading facility book was ₹3, 04.662 crores, ₹3, 76.638 crores, ₹6, 17.293 crores and ₹7, 71.466 crores, as on March 31, 2022, March 31, 2023, March 31, 2024 and September 30, 2024, respectively, and has grown at a CAGR of a 42.34% from March 31, 2022 to March 31, 2024.
Full service brokerage house with diversified revenue streams: Their revenue from operations primarily comprises of broking and related services (Broking Segment) and non-broking services (i.e. margin trading facility and distribution of investment products) (Non-Broking Segment). Their focus has been on diversifying their offerings by increasing income from distribution of financial products such as mutual funds as part of the Non-Broking Segment.
Risks of IPO
Their broking segment and MTF business contribute a substantial share of their revenue. Any reduction in their revenue from the broking segment or from their MTF business could hurt their business.
All Financial Information about Anand Rathi Share & Stock Brokers
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| Parameter | ARSSBL | Geojit Financial | IIFL Capital Services | Motilal Oswal | ICICI Securities | Angel One |
|---|---|---|---|---|---|---|
Revenue from operations | 4678 | 4393 | 13,521 | 41,771 | 34,158 | 30,016 |
Total Income | 4,687 | 4,476 | 13,704 | 41,971 | 34,255 | 30,211 |
EBITDA | 1,151 | 1,475 | 4,650 | 18,765 | 21,028 | 12,928 |
PAT | 377 | 1,010 | 2,498 | 9,328 | 11,176 | 8,900 |
Return on capital Employed | 17% | 14% | 22% | 13% | 18% | 44% |
Anchor Investor Information
Anchor Investor bidding date has not been announced yet. Once it is announced, we will update this page.
IPO Registrar and Book Running Lead Managers
Link Intime India Private Limited
Nuvama Wealth Management Limited
Dam Capital Advisors Limited
Anand Rathi Advisors Limited
Registrar for the IPO is Link Intime India Private Limited
Business Model
Anand Rathi Share and Stock Brokers Limited earns its revenues through the following sources:
The company provides broking services, margin trading facility, and distribution of financial services. Their investment offerings span a wide array of asset classes like equity, derivatives, and commodity and currency markets.
Company Growth Trajectory
The company’s revenue from operations has increased from ₹92.960 crores in FY22 to ₹215.082 crores in FY24, a whopping 131% increase. At the same time, the company’s Profit after tax increased from ₹50.799 crores in FY22 to ₹77.290 crores in FY24.
Company Market Position
Anand Rathi is one of the well-known stock brokers and wealth managers in India. They
Anand Rathi share and stock brokers Company Profit & Loss
| Parameter/Year | FY22 | FY23 | FY24 |
|---|---|---|---|
Total Income | 4,23.782 | 4,68.703 | 6,83.256 |
Profit before tax | 63.589 | 50.991 | 115.399 |
Profit after tax | 50.799 | 37.745 | 77.290 |
EBITDA | 1136.07 | 1150.67 | 2,305.84 |
EPS | 15.05 | 9.36 | 19.03 |
Cash Flow Statement:
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Net Profit before tax | 63.589 | 50.991 | 115.399 |
Cash generated from operating activities | (16.664) | 15.148 | 1,86.912 |
Cash generated from investing activities | (78.919) | (13.6663) | (59.9250) |
Cash generated from financing activities | 111.606 | 108.096 | 418.569 |
Cash and cash equivalents | 422.51 | 288.58 | 353.90 |
How To Check Allotment Status of Anand Rathi Share and Stock Services IPO?
You can check the allotment status of the Anand Rathi Share and Stock Services IPO on the BSE website and on the website of the registrar – Link Intime India Private Ltd. Follow these steps to check the status on the BSE website:
- Visit the BSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is Anand Rathi Share and Stock Services Ltd
- Enter your application number or PAN number
- Check the box that says “I’m not a Robot” and click on “Search” to know the allotment status
To check the status on the website of Anand Rathi Share and Stock Services:
- Visit the website of Lin Intime India Private Ltd
- Select any one server among the three
- Select the company’s name, Anand Rathi Share and Stock Services, in this case from ‘Company Selection’ dropdown
- Enter either the ‘Application Number’, ‘Beneficiary ID’ or ‘PAN Number’
- Enter the captcha and click on ‘Search’
How to Apply for Anand Rathi Share & Stock Brokers IPO?
To apply for Anand Rathi Share & Stock Brokers IPO:
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Anand Rathi Share & Stock Brokers IPO FAQs
What is the Anand Rathi Share and Stock Services Ltd IPO?
A 100% book-built offer, Anand Rathi Share and Stock Services Ltd consists of a fresh issue of ₹7500 crores.
When will the Anand Rathi Share and Stock Services IPO hit markets?
The exact dates of this IPO are yet to be known. However, it’s expected to hit anytime soon.
What is the lot size of shares of the Anand Rathi Share and Stock Services IPO?
The company hasn’t given any information on the lot size yet.
