Subscribe for Anand Rathi Share and Stock Brokers Ltd IPO; Ajcon Global

Ajcon Global, has come out with its report on Anand Rathi Share and Stock Brokers Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on September 22, 2025.

Broker Research

September 23, 2025 / 11:33 IST

IPO

Ajcon Global, Anand Rathi Share and Stock Brokers Ltd

Anand Rathi Share & Stock Brokers is a well-established full-service brokerage house with over three decades of experience, operating under the trusted Anand Rathi brand. The company provides a comprehensive suite of broking services, margin trading facilities, and distribution of financial products to a diverse client base, including retail investors, high-net-worth and ultra-high-net-worth individuals, as well as institutional clients. Its investment offerings cover a wide spectrum of asset classes such as equities, derivatives, commodities, and currencies. The firm’s client base is dominated by a mature demographic, with over 84% of active clients above the age of 30, which contributes to higher engagement levels and greater wallet share.

Valuation and Outlook

Anand Rathi Share & Stock Brokers (ARSSBL), a leading full-service brokerage with a strong brand and diversified business model, is well-positioned for sustained growth driven by rising retail participation and a robust client base. At the upper price band of ₹414, the issue is valued at a P/E of 25.06 on its FY25 post-issue EPS of Rs. 16.52. We recommend investors to SUBSCRIBE to this issue for the long term for the following reasons.

For all IPO report, click here