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