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Anand Rathi to launch IPO on Sept. 23, raising ₹745 crore with a 6% expected listing gain.
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.
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.
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.
The grey market premium indicates a potential 6% listing gain.
Shares are expected to list on both BSE and NSE on September 26.
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.
Proceeds will fund long-term working capital and general corporate needs.
Anand Rathi lanzará IPO el 23 de septiembre, recaudando ₹ 745 crore con una ganancia de listado esperada del 6%.