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The initial share sale of Anand Rathi Group's brokerage arm, Anand Rathi Share and Stock Brokers Ltd, got subscribed 1.11 times on the second day of bidding on Wednesday. The three-day Initial Public Offer (IPO) received bids for 1,48,34,376 shares against 1,33,63,342 shares on offer, according to NSE data. The quota for non-institutional investors fetched 1.88 times subscription and that of Retail Individual Investors (RIIs) received 1.37 times subscription. The Qualified Institutional Buyers (QIBs) portion got subscribed 2 per cent. Anand Rathi Share and Stock Brokers on Monday announced raising a little over Rs 220 crore from anchor investors. The shares are available for subscription at a price band of Rs 393-414 per share for the company's Rs 745-crore IPO. The broking firm's IPO is entirely a fresh issuance of shares with no offer for sale (OFS) component. Proceeds of the IPO to the tune of Rs 550 crore would be allocated to fund the company's long-term working capital ...
Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, on Thursday reported a 28 per cent jump in profit after tax (PAT) to Rs 94 crore for the three months ended June 2025. The company had posted a PAT of Rs 73.4 crore in the same quarter of the preceding fiscal, Anand Rathi Wealth said in a statement. The total revenue rose 16 per cent to Rs 284.3 crore in the April-June quarter of FY26 from Rs 245.4 crore in the year-ago period. Anand Rathi Wealth's assets under management (AUM) climbed by 27 per cent year-on-year to Rs 87,797 crore in the quarter under review. "We achieved our highest-ever quarterly net inflows of Rs 3,825 crore and onboarded 598 new client families (net) in Q1 FY26, taking the total families served to 12,330. Client attrition, measured by AUM lost, remained at a low 0.11 per cent, underscoring the strength of our client-centric, uncomplicated approach," the company management said. Anand Rathi Wealth is a leading wealth firm catering
Anand Rathi Wealth Ltd on Monday reported a 33 per cent year-on-year surge in consolidated net profit at Rs 77.3 crore in the December quarter. The company had posted a profit of Rs 58 crore in the year-ago period. In a statement, the company said its total revenue for the quarter under review stood at Rs 244.2 crore, a 30 per cent year-on-year (YoY) growth from Rs 187.3 crore in the same period last year. The leading wealth management firm, specialising in serving high and ultra-high-net-worth individuals, said its board of directors decided to allot bonus shares in the ratio of 1:1, which is one bonus equity share for every one equity share held presently. This is subject to shareholders' approval. During the nine-month (April-December) period of FY25, the company's total revenue was at Rs 739 crore, registering a growth of 33 per cent year-on-year, while profit after tax increased 34 per cent to Rs 227 crore. "India's economy continues to grow steadily, driven by rising income