Anthem Biosciences IPO Opens: 'Subscribe' Says DRChoksey — 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. launched today 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. .Deven Choksey Report.Anthem Biosciences Ltd. launched its IPO today 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.Since the Anthem Biosciences IPO is entirely an OFS, proceeds from the offer will go directly to the selling shareholders..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.The allotment for the Anthem Biosciences IPO is expected to be finalized on July 17.The shares will be listed on both the National Stock Exchange and the BSE on July 21..Outlook: Anthem Biosciences, is one of the India’s largest tech-driven CRDMO company with end-to-end capabilities across drug discovery, development, and manufacturing, uniquely offering both NCE and NBE solutions. Its founders have rich industry knowledge and experience, with two of them being instrumental in growth journey of Biocon and Syngene International. Driven by its industry leading facility, it has built extended capability in manufacturing complex drug substance. Its revenue and EBITDA has witnessed robust growth of 32.1% and 25.1% CAGR over FY23-25, led by commercialization of large-scale manufacturing, much ahead of the peer average of 8.5% and 13.8% CAGR, respectively. Moreover, it commands industry leading Ebitda margin of 36.4% compared to peer average of 28.8%, driven by its lean employee base engaged in manufacturing. The company has presence in all fast-growing segments including ADC’s, peptides (semi-glutides / GLP-1), oligonucleotides, and RNA based therapies, which we believe will support’s its drug discovery pipeline and help in commercialize key drugs for its partners and customers. Anthem Bioscience’s initial issue is priced at 47.4x trailing twelve months EV/Ebitda compared to peer average of 42.7x trailing twelve TTM EV/Ebitda. Even though, the issue seems to be priced higher than the peer average, we believe it demands a premium led by stronger growth, industry leading margins, steady profitability and deep capability to produce complex products. We assign a “Subscribe” rating to the issue..Click on the attachment to read the full report:.Anthem Biosciences IPO Opens For Subscription On Monday: Price Band To GMP—10 Things To Know.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' Says DRChoksey — Check Issue Details

Anthem Biosciences' Rs 3,395-crore IPO's three day subscription launched today and the company has fixed the price band in the range of Rs 540 to Rs 570 per share.

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Anthem Biosciences IPO Opens: 'Subscribe' Says DRChoksey — Check Issue Details

Anthem Biosciences' Rs 3,395-crore IPO's three day subscription launched today and the company has fixed the price band in the range of Rs 540 to Rs 570 per share.

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