Anand Rathi Share and Stock Brokers files draft papers with Sebi for Rs 745-cr IPO

Anand Rathi Share and Stock Brokers has filed for an IPO. The company aims to raise Rs 745 crore. The IPO comprises fresh shares. Proceeds will fund working capital and corporate needs. The firm offers broking and financial product distribution. Its revenue and profit increased in fiscal 2024. The company plans to list on NSE and BSE.