Indian Markets
Anthem Biosciences

Anthem Biosciences IPO

Bookbuilding IPO | ₹3,395.00 Cr | Listing at BSE, NSE

Closed ANTHEM GMP: 0.00
IPO Open

Mon, Jul 14, 2025

IPO Close

Wed, Jul 16, 2025

Price Band

₹540.00 to ₹570.00

Market Cap (Pre-IPO)

₹31,867.39 Cr

IPO Details
IPO Date Jul 14, 2025 to Jul 16, 2025
Listing Date Tentative: Jul 21, 2025
Face Value ₹2.00 per share
Price Band ₹540.00 to ₹570.00
Lot Size 26 Shares (Minimum: ₹14,820.00)
Sale Type Offer For Sale
Issue Type Bookbuilding IPO
Listing At BSE, NSE
Issue Size ₹3,395.00 Crores
Total Shares Offered 59,575,319 shares
Offer For Sale 59,575,319 shares
Subscription Data
Category Times Subscribed
QIB 192.80x
NII 44.70x
RII 5.98x
Total 67.42x
Anthem Biosciences IPO Reservation
Investor Category Shares Offered
QIB Shares Offered 2,97,08,332 (49.87%)
Retail Shares Offered 2,07,95,834 (34.91%)
NII Shares Offered 89,12,500 (14.96%)
Anthem Biosciences IPO Lot Size

Investors can bid for a minimum of 26 shares and in multiples thereof. 

Application Lots Shares Amount
Retail (Min) 1 26 ₹14,820
Retail (Max) 13 338 ₹192,660
S-HNI (Min) 14 364 ₹207,480
S-HNI (Max) 67 1,742 ₹992,940
B-HNI (Min) 68 1,768 ₹1,007,760
Anthem Biosciences Financial Information (Restated Consolidated)

Anthem Biosciences Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 23% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 2,807.58 2,398.11 2,014.46
Total Income 1,930.29 1,483.07 1,133.99
Profit After Tax 451.26 367.31 385.19
EBITDA 683.78 519.96 446.05
NET Worth 2,409.86 1,924.66 1,740.67
Reserves and Surplus 2,298.05 1,815.39 1,628.88
Total Borrowing 108.95 232.53 125.06

Amount in ₹ Cr

Key Performance Indicators
As of Monday, March 31, 2025
KPI Values
ROE (Return on Equity) 20.82%
ROCE (Return on Capital Employed) 26.88%
Debt/Equity 0.05
RoNW (Return on Net Worth) 20.82%
PAT Margin (Profit After Tax Margin) 23.38%
EBITDA Margin 36.81%
Price to Book Value 13.23
Pre IPO Post IPO
EPS Rs 8.07 8.07
P/E (x) 70.62 70.62
Promoter Holding 76.87% 74.68%
Company Promoters
  • The promoters of the company are Ajay Bhardwaj
  • Ganesh Sambasivam
  • K Ravindra Chandrappa and Ishaan Bhardwaj.
Company Overview

Incorporated in 2006, Anthem Biosciences Limited is an innovation-driven and technology-focused Contract Research, Development, and Manufacturing Organization (“CRDMO”) with fully integrated operations encompassing drug discovery, development, and manufacturing processes.

The company serves diverse customers, including innovative, emerging biotech firms and large pharmaceutical companies on a global scale.

The company manufactures specialized fermentation-based APIs, including probiotics, enzymes, peptides, nutritional actives, vitamin analogues, and biosimilars.

For the six months concluding on September 30, 2024, the company engaged in the manufacture of active pharmaceutical ingredients (API) and intermediates for ten commercial molecules, all of which have been supported since their discovery.

As of September 30 2024, the company had 196 projects: 170 discovery projects (284 synthesized molecules), 132 early phase projects, 16 late phase projects (10 late phase molecules), and 13 commercial manufacturing projects (API and intermediates for 10 commercialized molecules).

As of September 30 and March 31, 2024, the company had over 425 and 550 customers in our CRDMO and specialty ingredients businesses, spanning more than 44 countries, including the U.S., Europe, and Japan.

As of March 31, 2024, the company served over 150 customers, from small biotech to large pharmaceutical companies.

As of September 30, 2024, the company holds one patent in India, seven overseas, and has 24 pending global patent applications, including process patents for glycolipid synthesis and GLP-1 analogues.

As of September 30 2024, the company's team consists of 600 employees, including medicinal chemists, microbiologists, molecular biologists, biochemists, experts in various in-vivo non-clinical research and chemical engineers.

Company Strengths
  • One-stop service across the drug life cycle (discovery, development, manufacturing) for small molecules and biologics; we are India's fastest growing CRDMO.
  • Innovation-focused approach has enabled us to offer a spectrum of technologically advanced solutions across modalities and manufacturing practices.
  • Specialized business model for small pharmaceutical and biotech companies, from discovery to manufacturing.
  • Long-standing relationships with a large, diversified and loyal customer base.
  • Professional and experienced leadership team supported by a qualified scientific talent pool.
Anthem Biosciences IPO Peer Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Anthem Biosciences Limited 8.07 8.07 43.10 - 20.82 - Consolidated
Syngene International Ltd 12.35 12.34 117.42 51.54 11.05 6.21 Consolidated
Sai Life Sciences Limited 8.83 8.61 102.12 92.18 10.96 7.45 Consolidated
Cohance Lifesciences Limited 10.52 10.45 72.31 97.29 13.61 14.11 Consolidated
DIVI'S LABORATORIES Limited 82.53 82.53 564.87 83.22 15.35 10.24 Consolidated
Quick Info
Sector Pharmaceuticals and Biotechnology
Exchange BSE, NSE
Market Cap (Pre-IPO) ₹31,867.39 Cr
GMP 0.00
Important Dates
IPO Open Jul 14, 2025
IPO Close Jul 16, 2025
Allotment Date Jul 17, 2025
Credit to Demat Jul 18, 2025
Listing Date Tentative: Jul 21, 2025
Lead Manager(s)

JM Financial Ltd.

Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

anthem.ipo@kfintech.com

https://ipostatus.kfintech.com/

Description
  • Anthem Biosciences IPO is a book build issue of ₹3,395.00 crores. The issue is entirely an offer for sale of 5.96 crore shares of ₹3,395.00 crore.
  • Anthem Biosciences IPO bidding started from Jul 14, 2025 and ended on Jul 16, 2025. The allotment for Anthem Biosciences IPO was finalized on Jul 17, 2025. The shares got listed on BSE, NSE on Jul 21, 2025.
  • Anthem Biosciences IPO price band is set at ₹570.00 per share . The lot size for an application is 26. The minimum amount of investment required by an retail is ₹14,820 (26 shares) (based on upper price). The lot size investment for sNII is 14 lots (364 shares), amounting to ₹2,07,480, and for bNII, it is 68 lots (1,768 shares), amounting to ₹10,07,760.
  • The issue includes a reservation of up to 1,58,653 shares for employees offered at a discount of ₹50.00 to the issue price
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