Anand Rathi Share IPO vs Anthem Biosciences IPO

Comparison between Anand Rathi Share IPO and Anthem Biosciences IPO.

IPO Details

Anand Rathi Share IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Anthem Biosciences IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Anand Rathi Share IPO is up to ₹745.64 Cr whereas the issue size of the Anthem Biosciences IPO is up to ₹3,395.00 Cr. The final issue price of Anand Rathi Share IPO is ₹414.00 per share and of Anthem Biosciences IPO is ₹570.00 per share.

 Anand Rathi Share IPOAnthem Biosciences IPO
Face Value₹5 per share₹2 per share
Issue Price (Lower)₹393.00 per share₹540.00 per share
Issue Price (Upper)₹414.00 per share₹570.00 per share
Issue Price (Final)₹414.00 per share₹570.00 per share
Discount (Retail)
Discount (Employee)₹25.00 per share₹50.00 per share
Market Lot Size36 shares26 shares
Fresh Issue Size1,80,10,692 shares0 shares
Fresh Issue Size (Amount)up to ₹745.64 Crup to ₹0.00 Cr
OFS Issue Size0 shares5,95,75,319 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹3,395.00 Cr
Issue Size Total1,80,10,692 shares5,95,75,319 shares
Issue Size Total (Amount)up to ₹745.64 Crup to ₹3,395.00 Cr

IPO Timetable

Anand Rathi Share IPO opens on Sep 23, 2025, while Anthem Biosciences IPO opens on Jul 14, 2025. The closing date of Anand Rathi Share IPO and Anthem Biosciences IPO is Sep 25, 2025, and Jul 16, 2025, respectively.

 Anand Rathi Share IPOAnthem Biosciences IPO
Anchor Bid DateSep 22, 2025Jul 11, 2025
Issue OpenSep 23, 2025Jul 14, 2025
Issue CloseSep 25, 2025Jul 16, 2025
Basis Of Allotment (Tentative)Sep 26, 2025Jul 17, 2025
Initiation of Refunds (Tentative)Sep 29, 2025Jul 18, 2025
Credit of Share (Tentative)Sep 29, 2025Jul 18, 2025
Listing date (Tentative)Sep 30, 2025Jul 21, 2025
Anchor Lockin End date 1Oct 25, 2025Aug 15, 2025
Anchor Lockin End date 2Dec 24, 2025Oct 14, 2025

Financials & KPIs

Anand Rathi Share IPO P/E ratio is 17.87, as compared to Anthem Biosciences IPO P/E ratio of 70.62.

 Anand Rathi Share IPOAnthem Biosciences IPO
Financials

Company Financials (Restated Consolidated)

Anand Rathi Share & Stock Brokers Ltd.'s revenue increased by 24% and profit after tax (PAT) rose by 34% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets3,365.002,585.101,628.78
Total Income847.00683.26468.70
Profit After Tax103.6177.2937.75
EBITDA311.27230.58115.07
NET Worth503.76392.66265.23
Reserves and Surplus481.58370.48245.07
Total Borrowing905.57879.24423.00
Amount in ₹ Crore

Company Financials (Restated)

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 Ended31 Mar 202531 Mar 202431 Mar 2023
Assets2,807.582,398.112,014.46
Total Income1,930.291,483.071,133.99
Profit After Tax451.26367.31385.19
EBITDA683.78519.96446.05
NET Worth2,409.861,924.661,740.67
Reserves and Surplus2,298.051,815.391,628.88
Total Borrowing108.95232.53125.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.0676.87
Promoter Shareholding (Post-Issue)69.974.68
P/E Ratio17.8770.62
Market Cap₹2596.18 Cr.₹31867.39 Cr.
ROE23.12%20.82%
ROCE21.32%26.88%
Debt/Equity1.800.05
EPS₹23.17₹8.07
RoNW23.12%20.82%

Shares Offered

In the Anand Rathi Share IPO Retail Individual Investors (RII) are offered 62,13,769 shares while in Anthem Biosciences IPO retail investors are offered 62,13,769 shares. Qualified Institutional Buyers (QIB) are offered 35,50,724 shares in Anand Rathi Share IPO and 1,18,83,333 shares in Anthem Biosciences IPO.

 Anand Rathi Share IPOAnthem Biosciences IPO
Anchor Investor Reservation53,26,086 shares1,78,24,999 shares
Market Maker Reservation0 shares0 shares
QIB35,50,724 shares1,18,83,333 shares
NII26,63,044 shares89,12,500 shares
RII62,13,769 shares2,07,95,834 shares
Employee2,57,069 shares1,58,653 shares
Others
Total1,80,10,692 shares5,95,75,319 shares

Bids Received (Subscription)

Anand Rathi Share IPO subscribed 21.83x in total, whereas Anthem Biosciences IPO subscribed 67.42x.

 Anand Rathi Share IPOAnthem Biosciences IPO
QIB (times)46.25x192.80x
NII (times)30.16x44.70x
Big NII (times)32.01x51.66x
Small NII (times)26.45x30.80x
RII (times)5.11x5.98x
Employee (times)2.70x6.99x
Other (times)
Total (times)21.83x67.42x

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Anand Rathi Share IPO Vs Anthem Biosciences IPO