Anthem Biosciences IPO Opens: Subscribe On A Long-Term Basis, Says Geojit — Check Issue Details

The Rs 3,395 crore IPO, comprises entirely of an offer-for-sale component of 5.96 crore shares. Anthem Biosciences Ltd. opened on July 14 and the offer closes for subscription on July 16..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Geojit Report.Anthem Biosciences Ltd. launched its IPO on July 14 and the offer closes for subscription on July 16.Anthem Biosciences is a fully integrated, innovation-led and technology-driven CRDMO offering end-to-end solutions across the drug discovery, development, and manufacturing value chain.The company has fixed the price band in the range of Rs 540 to Rs 570 per share.The Rs 3,395 crore IPO, comprises entirely of an offer-for-sale component of 5.96 crore shares.Investors can place bids starting from a minimum of 26 shares and in multiples thereafter. .JM Financial Ltd., Citigroup Global Markets India Pvt Ltd, J.P. Morgan India Pvt Ltd, Nomura Financial Advisory and Securities (India) Pvt Ltd. are the book-running lead managers for the public issue..Purpose of IPO The issue consists of an offer-for-sale of Rs 3,395 crore. The object of the offer is to achieve the benefits of listing the equity shares on the stock exchanges..At the upper price band of Rs 570, Anthem Biosciences is valued at a P/E of 71x (FY25), which is fair compared to industry peers. The company is well positioned to benefit from the growth of the Indian CRDMO industry, cost advantages, and global supply chain shifts. Its focus on emerging biotech clients, expanding manufacturing capacity, and long-standing customer relationships further support its growth prospects. Hence, we recommend a ‘Subscribe’ rating on a long-term basis..Key RisksRevenue depends on success of molecules; clinical failures can impact earnings. High export dependence, with ~83% of revenue derived in FY25, expected to moderate in the long term..Click on the attachment to read the full report:.Anthem Biosciences IPO Opens: 'Subscribe' Says DRChoksey — Check Issue Details.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Anthem Biosciences IPO Opens: Subscribe On A Long-Term Basis, Says Geojit — Check Issue Details

Anthem Biosciences' Rs 3,395-crore IPO opened on July 14 and the company has fixed the price band in the range of Rs 540 to Rs 570 per share.

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