The Anand Rathi Group is back with its second IPO after delivering extraordinary returns through its wealth management business, which rewarded investors with a staggering 1000% gain. This time, Anand Rathi Share and Stock Brokers Limited is aiming to raise ₹745 crore via a fresh issue, with a price band of ₹393–₹414 per share. On Day 1, the IPO witnessed a muted 0.45x subscription, but the market buzz and a grey market premium of ₹31 per share keep investor interest alive. In this exclusive conversation, we are joined by Pradeep Gupta, Chairman & Managing Director, and Roop Bhootra, Whole-time Director, as they discuss the company’s financial performance, growth strategy, and whether the goodwill of Anand Rathi’s wealth success can translate into another blockbuster listing.

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