Anthem Biosciences IPO Details

Bookbuilding IPO | ₹3,395 Cr | Listed at BSE, NSE | Mon, Jul 14, 2025 - Wed, Jul 16, 2025

Anthem Biosciences IPO Logo

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 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.

JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

Refer to Anthem Biosciences IPO RHP for detailed Information.

IPO Open

Mon, Jul 14, 2025

IPO Close

Wed, Jul 16, 2025

Issue Price

₹570 per share

Market Cap (Pre-IPO)

₹31,867.39 Cr

IPO Details

IPO Date14 to 16 Jul, 2025
Listed onMon, Jul 21, 2025
Face Value2 per share
Price Band₹540 to ₹570
Issue Price₹570 per share
Lot Size26 Shares
Sale TypeOFS only
Issue TypeBookbuilding IPO
Listing AtBSE, NSE
Employee Discount50.00

Total Issue Size5,95,75,319 shares
(agg. up to ₹3,395 Cr)
Offer for Sale5,95,75,319 shares of ₹2
(agg. up to ₹3,395 Cr)
Share Holding Pre Issue56,16,10,051 shares
Share Holding Post Issue56,16,10,051 shares
BSE Script Code / NSE Symbol544449 / ANTHEM
ISININE0CZ201020

IPO Timetable

IPO Reservation

Anthem Biosciences IPO offers total 5,95,75,319 shares. Out of which 2,97,08,332 (49.87%) allocated to QIB, 1,18,83,333 (19.95%) allocated to QIB (Ex- Anchor), 89,12,500 (14.96%) allocated to NII 2,07,95,834 (34.91%) allocated to RII and 1,78,24,999 (29.92%) allocated to Anchor investors.

Investor Category Shares Offered Max Allottees
QIB Shares Offered 2,97,08,332 (49.87%)NA
  − Anchor Investor Shares Offered 1,78,24,999 (29.92%)NA
  − QIB (Ex. Anchor) Shares Offered 1,18,83,333 (19.95%)NA
NII (HNI) Shares Offered 89,12,500 (14.96%)NA
  − bNII > ₹10L 59,41,667 (9.97%)16,323
  − sNII < ₹10L 29,70,833 (4.99%)8,161
Retail Shares Offered 2,07,95,834 (34.91%)7,99,839
Employee Shares Offered 1,58,653 (0.27%)NA
Total Shares Offered5,95,75,319 (100.00%)

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 ₹1,92,660
S-HNI (Min) 14 364 ₹2,07,480
S-HNI (Max) 67 1,742 ₹9,92,940
B-HNI (Min) 68 1,768 ₹10,07,760
IPO Subscription Details

IPO Anchor Investors

Anthem Biosciences IPO raises ₹1,016.02 crore from anchor investors. Anthem Biosciences IPO Anchor bid date is July 11, 2025.
📝 Anchor Investors Letter (PDF)

Bid DateFri, Jul 11, 2025
Shares Offered1,78,24,999
Anchor Portion (₹ Cr.)1,016.02
Anchor lock-in period end date for 50% shares (30 Days)Fri, Aug 15, 2025
Anchor lock-in period end date for remaining shares (90 Days)Tue, Oct 14, 2025

Investor Category Reservations

Application CategoryMaximum Bidding LimitsBidding at Cut-off Price Allowed
Only RII Up to Rs 2 Lakhs Yes
Only sNII Rs 2 Lakhs to Rs 10 Lakhs No
Only bNII Rs 10 Lakhs to NII Reservation Portion No
Only employee Yes
Employee + RII/NII
  • Employee limit: (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)
  • If applying as RII: Upto Rs. 2 lakhs
  • If applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs
Yes for Employee and RII/NII

About Anthem Biosciences Ltd.

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.

Competitive Strength

  • 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.

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

Key Performance Indicator (KPI)

Pre IPOPost IPO
EPS (₹)8.078.07
P/E (x)70.6270.62
Promoter Holding76.87%74.68%
Market Cap31,867.39 Cr.
The promoters of the company are Ajay Bhardwaj, Ganesh Sambasivam, K Ravindra Chandrappa and Ishaan Bhardwaj.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Review

[Dilip Davda]
ABL is one of the leading global players in innovation driven, technology focused CRDMO segment. It enjoys niche place in the segment and leads the pack of players. The company marked steady growth in its top lines for the reported periods. Higher net for FY23 is attributed to exceptional income adjustment for the said year. Though prima-facie the issue appears aggressively priced, investors may park funds for long term.
Read detail review...

Anthem Biosciences IPO Recommendations

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Brokers12010
Members8100

Anthem Biosciences IPO Subscription Status (Bidding Detail)

The Anthem Biosciences IPO is subscribed 67.42 times on July 16, 2025 4:59:33 PM (Day 3). The public issue subscribed 5.98 times in the retail category, 192.80 times in the QIB category, and 44.70 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)Shares OfferedShares bid for
QIB192.801,18,83,3342,29,10,95,976
NII44.7089,12,50039,84,26,912
    bNII (bids above ₹10L)51.6659,41,66730,69,18,534
    sNII (bids below ₹10L)30.8029,70,8339,15,08,378
Retail5.982,07,95,83312,42,99,214
Employee6.991,58,65411,08,692
Total67.424,17,50,3212,81,49,30,794

Total Application : 37,94,038

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Fees and commissions payable to the BRLMs (including any underwriting commission, brokerage and selling commission) 81.30
2 Advertising and marketing expenses 9.38
3 Fees payable to the Registrar to the Offer 9.42
4 Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs 8.26
5 Printing and distribution of Offer stationery 1.62
6 Regulatory filing fees, book building software fees, listing fees etc. 4.15
7 Fee payable to statutory auditor, namely K.P. Rao & Co., Chartered Accountants 0.53
8 Fees payable to other intermediaries 2.23
9 Fee payable to legal counsels 9.80
10 Miscellaneous 1.18

Listing Day Trading Information

Price DetailsBSENSE
Final Issue Price570.00570.00
Open723.10723.05
Low723.05723.05
High746.70747.00
Last Trade730.35730.35

Check IPO Performance…

IPO Registrar

Kfin Technologies Ltd.

Contact Details

Anthem Biosciences Ltd. Address
No. 49, F1 & F2, Canara Bank Road
Bommasandra Industrial Area, Phase 1,
Bommasandra,
Bengaluru, Karnataka, 560099
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IPO FAQs

Anthem Biosciences IPO is a main-board IPO of 5,95,75,319 equity shares of the face value of ₹2 aggregating up to ₹3,395 Crores. The issue is priced at ₹570 per share. The minimum order quantity is 26.

The IPO opens on Mon, Jul 14, 2025, and closes on Wed, Jul 16, 2025.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Anthem Biosciences IPO using UPI as a payment gateway. Zerodha customers can apply in Anthem Biosciences IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Anthem Biosciences IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Anthem Biosciences IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Anthem Biosciences IPO opens on Mon, Jul 14, 2025 and closes on Wed, Jul 16, 2025.

Anthem Biosciences IPO lot size is 26, and the minimum amount required for application is ₹14,820.

You can apply in Anthem Biosciences IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Anthem Biosciences IPO will be done on Thursday, July 17, 2025, and the allotted shares will be credited to your demat account by Fri, Jul 18, 2025. Check the Anthem Biosciences IPO allotment status.

The Anthem Biosciences IPO listing date is on Mon, Jul 21, 2025.

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