Upcoming IPO! Anand Rathi Group's brokerage arm refiles DRHP with Sebi

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Upcoming IPO! Anand Rathi Group's brokerage arm refiles DRHP with Sebi - Business Standard

Quick Summary:

The equity shares proposed through the DRHP are to be listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).

The proceeds from the fresh issue, to the extent of ₹550 crore, will be used to fund the company’s long-term working capital requirements and for general corporate purposes.IPO Alert!

For the six months ended September 30, 2024, revenue from operations stood at ₹441.72 crore, and profit after tax stood at ₹63.66 crore, as per the DRHP.