Anand Rathi Share IPO: Check IPO Date, Live Subscription and Key Details
Anand Rathi is a full-service brokerage house in India with over 30 years of experience. The company provides a wide range of financial services, including broking, margin trading facilities, and the distribution of financial products to a diverse clientele of retail, high net worth individuals, and institutions. The company's services cover multiple asset classes such as equity, derivatives, commodities, and currency markets. Anand Rathi operates through a multi-channel presence, including 90 branches in 54 cities, a network of 1,123 authorized persons in 333 cities, and robust online and digital platforms, enabling it to serve clients across Tier 1, Tier 2, and Tier 3 cities.
Price Range
₹393.0 - ₹414.0
Issue Size
₹745 Cr
Lot Size
36 shares
IPO Type
Mainboard
GMP
₹31(+7.49%)
Est. Listing Price
₹445
Estimate Profit
₹1,116
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹5
EPS
16.52
P/E Ratio
25.06
RoNW
23.12%
ROE
20.57%
Debt to Equity
1.8
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Timeline
IPO Opens
23 Sept
IPO Closes
25 Sept
Allotment
26 Sept
Listing
30 Sept
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 23 September 2025 | Subscription starts |
| IPO Close Date | 25 September 2025 | Subscription ends |
| Allotment Date | 26 September 2025 | Allotment |
| Listing Date | 30 September 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,904 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,93,752 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,08,656 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,98,568 |
BHNIAbove ₹10,00,000 | 68 | ₹10,13,472 |
IPO Objectives
- Funding long-term working capital requirements of the Company.
- General corporate purposes.
Strengths
- The company offers a wide product range and customized solutions for transformers, catering to a diverse range of customers and applications.
- It has a strong order book and a well-diversified customer base that includes big names like GETCO, Adani Green Energy, and TATA Power.
- The business is backed by experienced management, a skilled workforce, and advanced manufacturing facilities that focus on quality and compliance.
- The company has a consistent financial track record of profitability and is a key player in a high-entry-barrier industry.
- It has a broad market presence across 19 states and 3 union territories in India and a growing export footprint, with IPO proceeds planned to improve financial health and support growth.
Weaknesses
- The company has a high debt-to-equity ratio of 0.40, which indicates a significant reliance on borrowings and may impact its financial flexibility.
- It is vulnerable to the volatility of raw material prices, particularly for components like copper and steel, which can affect profitability.
- The business faces intense competition in the electrical equipment and transformer manufacturing sector from both domestic and international players.
- The company's P/E ratio is significantly different from what is provided in the peer table, which may be a point of confusion for investors.
- The IPO includes a significant Offer for Sale (OFS) component, meaning a large portion of the proceeds will not be directly invested in the company's growth.
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Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 3,365 | 2,585.1 | 1,628.78 |
| Revenue (₹ Cr.) | 847 | 683.26 | 468.7 |
| PAT (₹ Cr.) | 103.61 | 77.29 | 37.75 |
| Net Worth (₹ Cr.) | 503.76 | 392.66 | 265.23 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Anand Rathi Share | 4.68 | 25.06 | 21.32% | 503.76 |
| Motilal Oswal Financial. | 5.12 | 20.39 | 22.58% | 11,131 |
| IIFL Capital Services | 3.55 | 12.63 | 28.41% | 2,510 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.01x | 0.02x | 46.25x |
| NII | 0.56x | 1.98x | 30.16x |
| S-HNI | 0.91x | 3.1x | 26.45x |
| B-HNI | 0.39x | 1.43x | 32.01x |
| RII | 0.61x | 1.51x | 5.11x |
| EMP | 1.51x | 1.93x | 2.7x |
| Total | 0.45x | 1.2x | 21.83x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 35,42,964 | 16,38,48,024 | 6,783.31 |
| NII | 26,60,715 | 8,02,39,356 | 3,321.91 |
| Small NII | 8,86,905 | 2,34,55,944 | 971.08 |
| Big NII | 17,73,810 | 5,67,83,412 | 2,350.83 |
| RII | 62,08,335 | 3,17,43,828 | 1,314.19 |
| EMP | 2,57,069 | 6,94,512 | 28.75 |
| Total | 1,26,69,083 | 27,65,25,720 | 11,448.16 |
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Company Details
- Anand Rathi Share & Stock Brokers Ltd.
- Express Zone, A Wing, 10th Foor, Western Express Highway, Goregaon (E), Mumbai - Goregaon, Maharashtra-400063
- +91 22 - 6281 70
- secretarial@rathi.com
- https://www.anandrathi.com/
Registrar Details
- MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- anandrathibrokers.ipo@in.mpms.mufg.com
- https://linkintime.co.in/Initial_Offer/public-issues.html
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