31 Mar 2023
Assets1,628.78
Total Income468.70
EBITDA115.07
Profit After Tax37.75
NET Worth265.23
Reserves and Surplus245.07
Total Borrowing423.00
At a glance
Updated 2026-09-10The shares listed at ₹432.00, a 4.35% move from the issue price. Anand Rathi Share is a Mainboard IPO with an issue size of ₹745.64 crore, proposed for listing on BSE, NSE. The offer opens on 23rd Sep 2025 and closes on 25th Sep 2025. The issue structure includes a fresh issue of ₹745.64 crore. The current listing schedule points to 30th Sep 2025.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹745.64 Cr
Fresh issue₹745.64 Cr
Face value₹5
Price band₹393.00–₹414.00
Allotment26th Sep 2025
Listing30th Sep 2025
Listing performance
Full performance ↗Issue price₹414.00
Listing price₹432.00
Current price—
Listing gain4.35%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹29.00
GMP / upper price7.00%
Est. listing₹443.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens23rd Sep 2025
Closes25th Sep 2025
Allotment26th Sep 2025
Refund29th Sep 2025
Demat29th Sep 2025
Listing30th Sep 2025
Subscription demand
Full bidding ↗Total21.80×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 36 | ₹14,904 |
Company
Incorporated1991
Use of proceeds
| Object | Amount |
|---|---|
| Funding long-term working capital requirements of the Company | ₹550.00 Cr |
| General Corporate Purposes | ₹153.50 Cr |
| Issue Expenses | ₹41.50 Cr |
| Total | ₹745.00 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue847.00₹ Cr · +24.0% vs prior year
EBITDA311.27₹ Cr · +35.0% vs prior year
PAT103.61₹ Cr · +34.1% vs prior year
Assets3,365.00₹ Cr · +30.2% vs prior year
Net Worth503.76₹ Cr · +28.3% vs prior year
Borrowing905.57₹ Cr · +3.0% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets2,585.10
Total Income683.26
EBITDA230.58
Profit After Tax77.29
NET Worth392.66
Reserves and Surplus370.48
Total Borrowing879.24
31 Mar 2025
Assets3,365.00
Total Income847.00
EBITDA311.27
Profit After Tax103.61
NET Worth503.76
Reserves and Surplus481.58
Total Borrowing905.57
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 23.12% |
| ROCE | 21.32% |
| Debt / Equity | 1.80% |
| RoNW | 23.12% |
| PAT Margin | 12.23% |
| EBITDA Margin | 36.81% |
| Price to Book Value | 4.68 |
Valuation & shareholding
Pre-IPO EPS23.17
Post-IPO EPS16.52
Pre-IPO P/E17.87
Post-IPO P/E25.06
Promoter holding pre98.06%
Promoter holding post69.9%
Market cap₹2596.18 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Anand Rathi Wealth IPO | — | 18.67 x | — | — |
| Gaja Alternative IPO | — | 27.54 x | — | — |
| Turtlemint Fintech IPO | — | - | — | — |
| Onemi Technology IPO | — | 10.84 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding long-term working capital requirements of the Company | ₹550.00 Cr |
| General Corporate Purposes | ₹153.50 Cr |
| Issue Expenses | ₹41.50 Cr |
| Total | ₹745.00 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Dam Capital Advisors Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-10.
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