Anand Rathi Share & Stock Brokers, a full services broking firm, plans to raise ₹745 crore through fresh equity to fund long term working capital requirements. The IPO will dilute the promoter stake to 69.9% from 98%. Priced higher than peers, the IPO valuation seems to capture the company's expected growth. Given this and robust growth in revenue and customer acquisition, the issue appears to be suitable for long-term investors with higher risk appetite.