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Feb 26 (Reuters) - Anand Rathi Share and Stock Brokers Ltd ANAH.NS:

• TO INVEST 20 MILLION RUPEES IN ANAND RATHI INTERNATIONAL VENTURES (IFSC)

Source text: ID:nBSE77Sp9D

Further company coverage: ANAH.NS

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Feb 6 (Reuters) - Anand Rathi Share and Stock Brokers Ltd ANAH.NS:

• COMMITTEE FORMED BY CO FOUND UNKNOWN INDIVIDUALS, WITH EMPLOYEES OF ANAND RATHI IT COMMITTED FRAUD

• COMMITTEE FOUND FRAUD INVOLVING OFF-MARKET TRANSFER OF SHARES AMOUNTING TO 130 MILLION RUPEES

Source text: ID:nNSE8kF9PB

Further company coverage: ANAH.NS

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** India's Anand Rathi Share and Stock Brokers ANAH.NS rise as much as 5.5% to 774 rupees; last up 1%

** Set for 10th straight session of gains, adding 52% in the period

** ANAH soars 87% since debut on September 30 vs 13% rise in Nifty Capital Markets .NIFTYCAPITALMKT index

** Analysts highlighted ANAH's steady growth in revenue, profit and client base as key strengths, but cautioned that it faced stiff competition in India's crowded broking industry

** More than 2 million shares change hands so far on the day, ~1.3x of 30-day avg daily volumes

(Reporting by Vivek Kumar M)

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Rewrites throughout to add details and update share move

By Vivek Kumar M

Sept 30 (Reuters) - Shares of Anand Rathi's broking arm ANAH.NS jumped 9% in their market debut on Tuesday, giving the Indian financial services firm a 20.2 billion-rupee ($227.5 million) valuation as strong investor demand marked a busy IPO season.

Anand Rathi Share and Stock Brokers opened at 442.6 rupees, above the 414-rupee issue price. The offering was subscribed 20.66 times, led by heavy demand from qualified institutional buyers, who subscribed 43.8 times and non-institutional investors, whose portions were booked 28.6 times.

The listing comes at a busy time for India's primary market, with companies tapping investors for funding even as India's benchmark equity indexes underperform their Asian peers amid headwinds from U.S. tariffs.

Big-ticket IPOs, such as Tata Capital’s $1.75 billion issue — the country’s largest this year — along with planned debuts by LG Electronics and investment platform Groww, underscore the breadth of companies looking to ride the wave.

Analysts highlighted Anand Rathi's steady growth in revenue, profit and client base as key strengths, but cautioned that the company faces stiff competition in India's crowded broking industry, which counts more than 4,800 registered players.

India's securities watchdog has tightened scrutiny of brokers in recent years, introducing rules such as peak margin requirements, tighter disclosure norms and enhanced surveillance to curb market risks.

"In the short term, regulatory headwinds mean investors shouldn't expect outsized gains right away," said independent market analyst Ambareesh Baliga.

"But over the longer run, the broking business stands to benefit from the surge in retail investors entering the market."

The firm's revenue rose 24% to 8.46 billion rupees and profit surged 34% to 1.04 billion rupees in the year to March 31, 2025, from a year earlier.

The broker raised 2.2 billion rupees from anchor investors including HDFC Mutual Fund and Kotak Small Cap Fund on September 22. The offering only comprised fresh shares.

($1 = 88.7740 Indian rupees)

(Reporting by Yagnoseni Das and Vivek Kumar in Bengaluru; Editing by Sonia Cheema)

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