Anand Rathi Share and Stock Brokers IPO: Things Smart Investors Need to Know

    The Anand Rathi Group's Anand Rathi Wealth Limited went public in December 2021 and entered the capital market. The company is a non-bank wealth management firm, and it works with people who have a lot of money and people who have a lot of money. The Private Wealth vertical is its main business, and it manages a lot of money for thousands of households around the country.

    The company runs technology-based platforms including Digital Wealth and Omni Financial Advisors in addition to its main business. These efforts are meant to help the company become more important in the changing world of wealth management. When looking at the Anand Rathi Share and Stock Brokers IPO, investors may want to think about the company's position in the market, its client base, and the range of services it offers.

    Anand Rathi Share and Stock Brokers IPO Details and Objectives

    The IPO was a book build issue aggregating ₹659.38 crores, consisting entirely of an Offer for Sale (OFS). No fresh issue of shares was made, and the proceeds were directed toward providing an exit opportunity to existing shareholders.

    Purpose of the IPO:

    • To achieve listing benefits on BSE and NSE.

    • To provide liquidity to existing shareholders through the sale of shares.

    • To enhance visibility and brand recognition in the financial services sector.

    Particulars

    Details

    IPO Type

    Book Build Issue

    Sale Type

    Offer for Sale

    Total Issue Size

    1.20 crore shares (₹659.38 crore)

    Employee Reservation

    2,50,000 shares at a ₹25 discount

    Face Value

    ₹5 per share

    Timeline of Anand Rathi Share and Stock Brokers IPO

    Event

    Date

    IPO Open Date

    December 2, 2021

    IPO Close Date

    December 6, 2021

    Allotment Finalization

    December 9, 2021

    Refund Initiation

    December 10, 2021

    Shares Credited

    December 13, 2021

    Listing Date

    December 14, 2021

    Pricing & Lot Size of Anand Rathi Share and Stock Brokers IPO

    • Price Band for the IPO: ₹530 – ₹550 per share.

    • Minimum Lot Size and Application Details:

    • Retail: 1 lot (27 shares), ₹14,850 (based on upper price).

    • Small HNI (sNII): 14 lots (378 shares), ₹2,07,900.

    • Big HNI (bNII): 68 lots (1,836 shares), ₹10,09,800.

    Steps to Apply for the Anand Rathi Share and Stock Brokers IPO

    Online Application Process

    • Login to your trading platform or net banking account (ASBA-enabled).

    • Navigate to the IPO section and select the issue.

    • Enter the bid details, including quantity and price within the price band.

    • Confirm UPI mandate (if applicable) before the cut-off time.

    • Monitor application status through your broker or registrar’s website.

    Additional Read: How to Apply for the Anand Rathi Share and Stock Brokers IPO?

    Shares Offered in Anand Rathi Share and Stock Brokers IPO

    The IPO offered a total of 1.20 crore shares, with allocations across investor categories.

    Investor Category

    Shares Offered

    Percentage of Issue

    QIB

    58,75,000

    48.96%

    NII (HNI)

    17,62,500

    14.69%

    Retail

    41,12,500

    34.27%

    Employee

    2,50,000

    2.08%

    Total

    1,20,00,000

    100%

    Financial Health and Performance

    Key Financial Metrics:

    • Total Assets (Mar 2021): ₹3,394.42 million

    • Total Revenue (FY21): ₹2,792.48 million

    • Profit After Tax (FY21): ₹450.95 million

    Recent Performance and Growth Prospects:

    • As of August 2021, assets under management stood at ₹294.72 billion.

    • The Private Wealth vertical served over 6,500 active client families.

    • Revenue fluctuations were observed across FY19–FY21, though profitability was maintained.

    Investment Risks and Opportunities

    Potential Risks of Investing in the IPO:

    • Revenue is highly correlated with capital market performance.

    • Competitive intensity from banks and established wealth managers.

    • Dependency on retaining relationship managers for client continuity.

    Opportunities and Growth Potential:

    • The expanding HNI population in India supports long-term demand for wealth management.

    • Growing preference for market-linked products over traditional savings avenues.

    • Early adoption of digital platforms positions the company for scalable growth.

    Key Performance Indicator (KPI)

    KPI

    Value (FY21)

    AuM (Aug 2021)

    ₹294.72 billion

    Active Client Families

    6,564

    Relationship Managers

    233

    Promoter Holding (Pre)

    74.73%

    Promoter Holding (Post)

    48.82%

    Anand Rathi Share and Stock Brokers IPO Registrar & Lead Managers

    Role

    Details

    Registrar

    MUFG Intime India Pvt. Ltd.

    Lead Managers

    Anand Rathi Advisors Ltd., BNP Paribas, Equirus Capital, IIFL Capital

    Company Address of Anand Rathi Share and Stock Brokers Ltd

    • Address: Express Zone, A Wing, 10th Floor, Western Express Highway, Goregaon (E), Mumbai 400063, Maharashtra, India.

    • Phone: +91 (22) 6281 7000

    • Email: csarwsl@rathi.com

    • Website: rathi.com/Wealth

    Conclusion

    The Anand Rathi Share and Stock Brokers IPO provided an exit route for existing shareholders and marked the company’s listing on NSE and BSE. The issue size, pricing, and allocation reflected market demand across investor categories.

    Looking at the company’s business mix, financials, and the evolving wealth management industry in India, the IPO represented a significant milestone in its growth journey.

    Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Anand Rathi Share and Stock Brokers IPO.

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    Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



    This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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    Publish Date: 20 Sep 2025

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