Anand Rathi IPO Kicks Off: Your Essential Guide Before Investing

The eagerly awaited initial public offering (IPO) of Anand Rathi Share and Stock Brokers has officially opened for subscription today, December 2, 2021, marking a significant event for investors looking to tap into the financial services sector. This public issue, exclusively an Offer For Sale (OFS), aims to raise a substantial Rs 660 crore, offering a compelling opportunity for market participants.

Investors can subscribe to shares within a price band set at Rs 530 to Rs 550 per equity share.

Each lot consists of 27 shares, meaning a minimum investment requires subscribing to one lot, equivalent to Rs 14,850 at the upper end of the price band. The IPO will remain open until December 6, 2021, giving potential investors a limited window to participate.

Anand Rathi Share and Stock Brokers stands as a prominent full-service broker, boasting a robust client base spread across various financial segments.

The company's comprehensive suite of services includes wealth management, brokerage and distribution, and investment banking, solidifying its position in the competitive Indian financial landscape. With a widespread presence across the country, it has established itself as a trusted name for both retail and institutional clients.

From a financial perspective, Anand Rathi has demonstrated consistent growth and profitability.

The company has showcased strong financial performance, which has garnered positive attention from market analysts. This performance underscores its operational efficiency and strategic market positioning, making it an attractive proposition for long-term investors.

The grey market premium (GMP) for Anand Rathi's IPO is currently hovering around Rs 100, according to market observers.

While GMP is an unofficial indicator and subject to fluctuations, it often provides an early glimpse into market sentiment and potential listing gains, signaling a healthy demand for the shares even before their official debut.

Market experts and brokerages have largely offered a 'subscribe' rating for the Anand Rathi IPO, particularly for long-term investment horizons.

Analysts highlight the company's strong brand, diversified business model, and attractive valuations in comparison to its peers as key reasons to consider investment. They believe the company is well-positioned to capitalize on the growth opportunities within India's burgeoning financial markets.

For those interested in the timeline, the basis of allotment is expected to be finalized around December 9.

Following this, refunds for non-allottees will be initiated by December 10, and shares will be credited to successful bidders' demat accounts by December 13. The much-anticipated listing of Anand Rathi Share and Stock Brokers on both the BSE and NSE is scheduled for December 14, 2021, where its market journey will officially begin.