Anthem Biosciences Sets IPO Price Band as Expansion Plans Unfold
Anthem Biosciences announces an IPO price range of Rs 540-570, aiming to raise Rs 3,395 crore solely through an offer-for-sale. Revenue grew 30%, reaching Rs 1,844 crore. Anthem focuses on innovation-driven CRDMO activities and plans substantial capacity expansion. Listed peers include Sai Life Sciences and Divi's Laboratories.
- Country:
- India
Anthem Biosciences has announced a price band of Rs 540-570 per share for its forthcoming Rs 3,395-crore initial public offering (IPO), planned to open for public subscription from July 14-16. This move values the company at over Rs 31,800 crore at the upper end of the spectrum.
The IPO, scheduled entirely as an offer-for-sale, implies that the proceeds will benefit existing shareholders without adding any direct funds to the company's coffers. Anthem specializes in contract research and manufacturing operations, producing complex, fermentation-based pharmaceutical ingredients.
The company is aggressively expanding its manufacturing capacities in India, with new facilities expected to be operational by F26. Anthem's financial performance saw a 30% revenue growth in FY25, while its shares are set to debut on the BSE and NSE by July 21.
(With inputs from agencies.)
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