New Delhi, April 1 -- Anand Rathi Group's Brokerage Arm, Anand Rathi Share and Stock Brokers Ltd, has refiled its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) to raise over Rs.745 crore via Initial Public Offering (IPO).

The company had filed its DRHP in the month of December 2024.

The IPO with a face value of Rs.5 is entirely a fresh issue of shares up to Rs.745 crore.

The company, in consultation with the BRLMS, may explore a Pre-IPO placement of specified securities totaling up to Rs.149 crore. If this placement takes place, the amount raised will be deducted from the fresh issue.

The company will allocate up to Rs.550 crore from the fresh issue proceeds to suppor...