logo
IPO Listing on July 21: Anthem Biosciences to debut on NSE, BSE

IPO Listing on July 21: Anthem Biosciences to debut on NSE, BSE

Indian Express4 days ago
IPO Listing on July 21: Anthem Biosciences Limited will make its debut on NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) on Monday, July 21. Anthem Biosciences IPO allotment finalised last week. The three-day subscription for Anthem Biosciences IPO was opened on July 14 (Monday) and closed on July 16 (Wednesday). On the closing day of the bidding, the initial public offer of Anthem Biosciences Ltd subscribed 63.86 times.
The initial share sale received bids for 2,81,44,34,740 shares against 4,40,70,682 shares on offer, according to NSE data. The portion for qualified institutional buyers (QIBs) fetched a whopping 182.65 times subscription. The non-institutional investors part got subscribed 42.35 times, and retail individual investors (RIIs) received a 5.64 times subscription.
Anthem Biosciences IPO has fixed the price band at Rs 540 to Rs 570 per equity share.
KFin Technologies Limited is the registrar of Anthem Biosciences IPO.
The face value and tick size of Anthem Biosciences IPO is Rs 2 and Re 1, respectively.
Anthem Biosciences Limited's shares are proposed to be listed on NSE, and BSE. The listing will likely take place on July 21.
JM Financial Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited and Nomura Financial Advisory and Securities (India) Private Limited are the book running lead managers for the Anthem Biosciences IPO.
HDFC Bank Limited and ICICI Bank Limited are the sponsor banks for the Anthem Biosciences IPO.
Anthem is into innovation-driven and technology-focused Contract Research, Development and Manufacturing Organization (CRDMO) with fully integrated operations spanning across drug discovery, development and manufacturing. It also manufactures and sells complex, specialised fermentation-based Active Pharmaceutical Ingredients (APIs), including probiotics, enzymes, peptides, nutritional actives, vitamin analogues and biosimilars.
(With inputs from PTI)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Canara Bank reports a 22% increase in Q1 net profit
Canara Bank reports a 22% increase in Q1 net profit

The Hindu

time3 hours 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.

Economy to grow slower unless more women join workforce: MeitY secretary
Economy to grow slower unless more women join workforce: MeitY secretary

Time of India

time3 hours 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%.

Rupee moves slightly up, USD/INR futures see good gains in intraday moves
Rupee moves slightly up, USD/INR futures see good gains in intraday moves

Business Standard

time4 hours ago

  • Business Standard

Rupee moves slightly up, USD/INR futures see good gains in intraday moves

Indian Rupee stabilized around one-month low against the US dollar amid weak equities. INR added 2 paise at 86.42 per US dollar right amid an overall choppy movement. The US dollar index added mild gains, maintaining above 97 mark. Local stocks saw considerable selling pressure today as earnings stayed in focus and the benchmark NIFTY50 index slipped around 0.60% on the day. Economic cues were steady for the INR. At 60.7 in July, the HSBC Flash India Composite Output Index was little-changed from June's final print of 61.0 and therefore signalled another substantial rate of growth. Moreover, the headline figure remained well above its long-run average of 54.8. Meanwhile, Reserve Bank of India (RBI) stated in its latest monthly bulletin that high-frequency indicators for overall economic activity showed mixed signals in June but signalled steady demand conditions. On the NSE, USD/INR futures shed 0.02% at 86.55 but saw good recovery after falling near 86.30 mark in intraday moves.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store