
🧪 What’s the Anthem Biosciences IPO about?
- Issue Type & Size
– A pure Offer For Sale (OFS) worth ₹3,395 crore (no fresh capital raised)—existing shareholders cashing out.
– Promoters (Ganesh Sambasivam, K Ravindra Chandrappa) selling ₹350 crore each; PE investor True North’s Viridity Tone LLP offloading ~₹1,325 crore. - Dates & Listing
– Bidding: 14–16 July 2025; allotment on 17 July; listing expected 21 July on BSE & NSE. - Price & Lots
– Price band: ₹540–₹570 per share; minimum lot: 26 shares (≈₹14,820).
– The IPO allocation is divided as follows: 50% reserved for Qualified Institutional Buyers (QIBs), 35% for retail individual investors, and the remaining 15% earmarked for Non-Institutional Investors (NIIs).
Why the market is keen
- Strong subscription momentum
– By midday Day 2, overall subscription stood at 2.08×.
– Day 1 saw full retail quota nearly subscribed, NIIs at 1.04×, QIBs at 0.36×; mixed but improving. - Grey Market Premium (GMP)
– Reports peg GMP around ₹105–130, suggesting ~20% listing gains
🏭 Business Overview: CRDMO with edge
- What they do
– A Bengaluru-based Contract Research, Development & Manufacturing Organization (CRDMO) offering end-to-end services—from discovery through to manufacturing—for APIs, peptides, enzymes, biosimilars, probiotics, vitamins, etc. - Facilities & Compliance
– Two cGMP‑compliant plants operating in Karnataka; a third (Unit III) now active, and Unit IV (spread over 30 acres) in development.
– Facilities approved by US FDA, ANVISA, TGA, PMDA with no FDA observations. - Global Reach
– Serving over 550 clients across 44+ countries, with >80% revenues from the US, EU & China.
– Strategic US partner: DavosPharma (Portsmouth Technologies affiliate). - Innovation & Supply Chain
– Strong in fermentation-based APIs (probiotics, peptides) and green chemistry through automation and process controls.
– <20% raw‑material dependency on China vs. 60–70% by peers—key advantage.

🔢 Anthem Biosciences IPO : Financial Highlights (FY25 vs FY24)
Metric | FY25 | FY24 | YoY Growth |
---|---|---|---|
Revenue | ₹1,930 cr | ₹1,483 cr | +30% |
PAT | ₹451 cr | ₹367 cr | +23% |
EBITDA Margin | ~37% | — | Based on ₹683 cr EBITDA |
Net Worth | ₹2,410 cr | ₹1,925 cr | +25% |
Debt | ₹109 cr | ₹233 cr | Lower leverage |
Patents & Projects: 196 ongoing projects; 8 patents granted; 24 pending
✅ Strengths
- Fully integrated CRDMO covering small molecules and biologics—rare among Indian peers .
- Advanced fermentation capabilities; Unit III expands capacity; Unit IV under construction.
- Quality compliance (cGMP + ISO + regulatory approvals) with automation and robust audit performance .
- Global reach with diversified client base and strategic partnerships.
- Healthy financials: strong profit margins, low debt, rapid revenue growth.
⚠️ Anthem Biosciences IPO : Risks & Considerations
- OFS-only nature: Company gains no fresh capital—OFS benefits shareholders, not expansion .
- Regulatory & geopolitical risk: Biotech sector faces government scrutiny, regulatory approvals, and global tensions.
- Valuation premium: P/E ~70× is rich; margin for error if growth slows.
- Market & execution: Success depends on converting API project pipeline and global demand retention.
📈 Outlook
- Listing gains likely: With GMP showing ~₹110, there’s potential for a 20%+ upside.
- Long-term play: If Anthem continues growth, expands Unit IV, and wins more global contracts, it could validate the premium valuation.
- Timing caution: Global and India IPO trends show sensitivity—any adverse market phase may impact listing performance.

🔍 Should you subscribe Anthem Biosciences IPO?
- Short‑term listing gain: The GMP suggests potential listing upside.
- Long‑term investor: Promising CRDMO play—but be mindful of valuation and lack of fresh capital inflows.
- Risk appetite: Good for investors comfortable with biotech exposure, global regulatory complexities, and richly priced assets.
🔚 Final Word
The Anthem Biosciences IPO offers a compelling blend of strong fundamentals and attractive listing prospects. However, its fully OFS nature, elevated valuation, and biotech sector risks require careful evaluation. If you believe in India’s rise as a global CRDMO hub—and trust Anthem’s integrated capabilities and growth roadmap—it presents a well-rounded opportunity.
Here’s a 100% unique and AdSense-safe FAQ section for the Anthem Biosciences Ltd. IPO, fully optimized for SEO and human readability:
📌 Frequently Asked Questions (FAQs) about Anthem Biosciences Ltd. IPO
❓ What is the Anthem Biosciences IPO date?
📅 The IPO opens on July 14, 2025, and closes on July 16, 2025. The shares are likely to be listed on July 21, 2025 on both NSE and BSE.
❓ What is the price band for Anthem Biosciences IPO?
💸 The IPO is priced in the range of ₹540 to ₹570 per share.
❓ What is the lot size for Anthem Biosciences IPO?
📦 A single lot consists of 26 equity shares. Investors need a minimum investment of around ₹14,820 to participate.
❓ Is this a fresh issue or Offer for Sale?
📝 It is a 100% Offer for Sale (OFS). No new shares are being issued—existing shareholders are selling part of their holdings.
❓ How are shares allocated in this IPO?
📊 The shares are distributed as follows:
- 50% for Qualified Institutional Buyers (QIBs)
- 35% for Retail Individual Investors (RIIs)
- 15% for Non-Institutional Investors (NIIs)
❓ What is the GMP (Grey Market Premium) of Anthem Biosciences IPO?
📈 The GMP has been reported in the range of ₹105 to ₹130, suggesting a potential listing gain of around 18–22% over the issue price.
❓ What does Anthem Biosciences Ltd. do?
🔬 Anthem Biosciences is a Contract Research, Development, and Manufacturing Organization (CRDMO). It offers end-to-end services for APIs, biologics, enzymes, peptides, and more. The company serves over 550 clients in 44+ countries.
❓ Is Anthem Biosciences IPO good for listing gains?
🚀 Based on current GMP trends and financial performance, listing gains are expected, but investors should evaluate market sentiment and risk appetite before subscribing.
❓ Does Anthem Biosciences follow regulatory and quality compliance?
✅ Yes, its facilities are cGMP-compliant and approved by US FDA, TGA, ANVISA, and other global regulators. This adds credibility to its global manufacturing standards.
❓ How has the company performed financially?
💰 Anthem Biosciences posted a 30% revenue growth in FY25, with profit after tax reaching ₹451 crore. It has low debt and strong margins, making it financially sound.
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