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flag Anand Rathi to launch IPO on Sept. 23, raising ₹745 crore with a 6% expected listing gain.

flag Anand Rathi Share and Stock Brokers is set to launch its IPO on September 23, 2025, raising ₹745 crore through a fresh issue with a price band of ₹393 to ₹414 per share. flag The company secured ₹220.50 crore from anchor investors, including major funds like HDFC Mutual Fund and SBI Life Insurance, ahead of the public offering. flag The IPO, which closes on September 25, reserves 50% for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors, with a lot size of 36 shares. flag The grey market premium indicates a potential 6% listing gain. flag Shares are expected to list on both BSE and NSE on September 26. flag The company reported strong financials, including a 23.10% return on equity and a price-to-book ratio of 4.70 as of March 31, 2025. flag Proceeds will fund long-term working capital and general corporate needs.

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