&w=3840&q=100)
Anthem Biosciences IPO to list on July 21: Here's what latest GMP hints at
Ahead of the listing, the unlisted shares of Anthem Biosciences were exchanging hands at around ₹713 per share, reflecting a grey market premium (GMP) of ₹143 per share or nearly 25.09 per cent over the issue price of ₹570 per share, showed the sources that track unofficial market activities.
Should the current grey market trends sustain, Anthem Biosciences shares may list on the BSE and NSE at around ₹713 (issue price + GMP). Thus, investors who have been allotted Anthem Biosciences shares can expect a gain of over 25 per cent per share upon listing. That said, since the GMP is an unregulated and unofficial indicator, investors should not consider it a reliable measure of the company's actual market performance.
Anthem Biosciences IPO details
The public offering of Anthem Biosciences, estimated at ₹3,395 crore, comprised entirely an offer-for-sale (OFS) with promoters and shareholders divesting up to 59.6 million equity shares. Anthem Biosciences IPO was available for subscription from July 14, 2025 till July 16, 2025.
Offered at a price band of ₹540–570 with a lot size of 26 shares, it received strong demand from investors, getting oversubscribed by 63.86 times, riding on the back of qualified institutional buyers (QIBs), who bid for 182.65 times the category reserved for them, showed the NSE data.
In its RHP papers, Anthem Biosciences mentioned that it will not use any proceeds from the public issue, and it will be given to the promoters and shareholders selling their stakes through the OFS.
About Anthem Biosciences
Anthem Biosciences (ABL) is an innovation-driven and technology-focused Contract Research, Development and Manufacturing Organization (CRDMO). With fully integrated operations spanning drug discovery, development, and manufacturing, the company helps drug companies develop and produce medicines.
It works with a wide range of global clients, from small biotech firms to big pharma companies, across 44 countries including the US., Europe, and Japan.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
27 minutes ago
- The Hindu
Cyient Q1 net up 7% to ₹158 cr
Intelligent engineering solutions company Cyient's consolidated net profit for the quarter ended June rose 7% to ₹157.4 crore from the ₹147.6 crore a year earlier. The higher net profit came on a nearly 5% increase in total income to ₹1,781.5 crore (₹1,696.8 crore). 'At a group level, our cash position and profitability gives me immense confidence that we are well-positioned to drive growth across our balanced and diversified portfolio of DET, DLM, and semiconductors,' Executive Vice Chairman and Managing Director Krishna Bodanapu said. Cyient Group cash position stood ₹1,894 crore. The carve-out process initiated for Cyient Semiconductors is complete as per plan. Cyient Semiconductors will address high-growth opportunities in cutting-edge semiconductor technologies with capabilities in high-performance analog and mixed-signal ASIC across industries. It will play a pivotal role in shaping the future growth, he said. Cyient shares closed 2.95% lower at ₹1,242.25 each on the BSE.
The Hindu
an hour ago
- The Hindu
Canara Bank reports a 22% increase in Q1 net profit
Canara Bank on Thursday (July 24, 2025) reported a 21.69% year-on-year increase in first quarter (FY26) net profit at ₹4,752 crore, up from ₹3,905 crore in the corresponding quarter a year ago. The bank stated that a significant increase in non-interest income drove the growth. Bank's Q1 net interest income fell 1.7% to ₹9,009 crore from ₹9,166 crore a year ago, however, other income jumped 32.7% to ₹7,060.48 crore from ₹5,318.88 crore in the same period last year. In the quarter, the bank's operating profit stood at ₹ 8,554 crore, up 12.32%. Bank's global business stood at ₹25,63,984 crore, a 10.98% growth YoY. Global deposits at ₹ 14,67,655 crore grew by 9.92% annually, while gross advances at ₹10,96,329 crore increased by 12.42%. Domestic deposit at ₹13,38,742 crore grew at 8.74%. The quarter saw its RAM credit growing by 14.90% YoY. Retail credit grew by 33.92% with Housing loan growth at 13.92% and vehicle loan at 22.09%. Fee-based income stood at ₹ 2,223 crore, a 16.39% growth. Gross NPA ratio stood at 2.69%, improved by 145 bps and Net NPA ratio at 0.63%, improved by 61 bps. On asset quality, the bank said, its gross non-performing assets (GNPA) ratio improved to 2.69% as at June 2025, down from 2.94% as at March 2025,and 4.14% as at June 2024. Net non-performing assets (NNPA) ratio improved to 0.63% as at June 2025, down from 0.70% as at March 2025, and 1.24% as at June 2024. Canara Bank MD & CEO K Satyanarayana Raju, during a media briefing, said the bank's board has approved to raise ₹3,500 crore via additional Tier-I bonds and ₹6,000 crore via Tier-II bonds in FY26. ``We will tap the market when pricing becomes favourable,'' he said. Mr. Raju further said, the bank was planning to list two of its subsidiaries: Canara Robeco Mutual Fund and Canara HSBC Life Insurance, during the current quarter. ``We are waiting for SEBI approval for both the IPOs. These firms will be listed on BSE and NSE, in the next two to three months,'' he added. On digital transformation, he said the bank has made significant progress in this regard and several of its services were already digitalised.
Time of India
an hour ago
- Time of India
Economy to grow slower unless more women join workforce: MeitY secretary
Unless more women join the workforce, the pace of economic growth in India will remain slower than it optimally can be, ministry of electronics and information technology (MeitY) secretary S Krishnan said on Thursday. It also won't be possible to realise the government's aim of raising the share of the manufacturing sector in gross domestic product (GDP) to 25 percent, he at an event here, Krishnan argued that for states with an ageing population, such as Tamil Nadu, higher female participation in the labour force will be crucial in order to balance the demand and supply of jobs and worker availability."There has been a preference for women as employees in certain sectors for a long time. In the electronics sector, safety and conditions of work and stay are prime concerns for women employees," Krishnan component manufacturer Foxconn had faced major protests back in 2021 from about 3,000 women employees over unsuitable living conditions, Krishnan reminded. "This drove us, and recently, the state entity (in Tamil Nadu) built accommodations for 20,000 women employees close to the electronics cluster in Chennai under the PM Awas Yojana," he said. Many private investors have stepped in now to create dormitory-style accommodations for female employees in the electronics manufacturing sector as part of shelter funds where corporates can invest in housing, the secretary emergence of factories with up to 40,000 workers has been possible in India due to the large number of women working in them, he female labour force participation rate (FLFPR) in India has risen to 41.7 percent in 2023-24, up from 23.3 percent in 2017-18, according to the Economic Survey 2024-25. However, the figure is much lower considering women as by business services provider Quess Corp and not-for-profit Udaiti Foundation, the event focussed on ways to unlock women's potential in India's fast-growing blue-grey collar economy. Among sectors, information technology (IT) has the second-highest participation rate for women as employees, at 34 percent, an assessment by the Foundation shows. Based on the analysis of annual reports of 115 NSE-listed IT companies, the Foundation's 'Close the Gender Gap' data hub showed that the percentage of women in key managerial positions and board of directors was at 22%.
