&w=3840&q=100)
Anthem Biosciences lists at 27% premium; should you book profit or hold?
On the National Stock Exchange (NSE), Anthem Biosciences shares listed at a mildly lower premium of ₹153.05 or 26.85 per cent at ₹723.05 per share over the issue price.
Anthem Biosciences IPO listing came below the grey market estimate. Ahead of their debut on the bourses, the unlisted shares of Anthem Biosciences were exchanging hands at around ₹749 per share, reflecting a grey market premium (GMP) of ₹179 per share or nearly 31.40 per cent over the issue price of ₹570 per share, showed the sources that track unofficial market activities.
Should you book profit or hold?
The listing of the company's shares, Prashanth Tapse, senior VP (research), Mehta Equities, said was broadly in line with expectations. While post-listing valuations may appear premium, Tapse believes these are justified by the company's strong fundamentals, differentiated capabilities, and the sector's long-term growth visibility.
"The ability to consistently deliver earnings growth, in line with street expectations, further supports its valuation," said Tapse, and recommended investors to 'hold' Anthem Biosciences for a long-term perspective.
"For long-term investors, Anthem offers a strong structural story in a booming Indian CRDMO segment, justifying the listing. Short term, we foresee ₹900 as a target, while long-term investors can hold it for ₹1,000 and above. Non-allottees should wait for some volatility to settle in price, and in any case, if the stock is available around ₹650–680, it can be considered a good range to accumulate with a long-term vision," said Tapse.
Shivani Nyati, head of wealth at Swastika Investmart, on the other hand, recommended investors to secure partial profits. "The company is one of the leading global players in the CRDMO segment and enjoys a niche position, leading the pack of players. The company has shown steady growth in its top line during the reported periods," said Nyati.
She further recommended the investors to retain the remaining stake with a stop-loss set at ₹650.
Anthem Biosciences IPO details
Anthem Biosciences IPO comprised entirely an offer-for-sale (OFS) with promoters and shareholders divesting up to 59.6 million equity shares estimated to be worth ₹3,395 crore. The public issue was offered at a price band of ₹540–570 with a lot size of 26 shares, and was open for subscription from July 14, 2025, till July 16, 2025.
Anthem Biosciences received strong demand from investors for its public issue as it got oversubscribed by 63.86 times. The demand was led by the qualified institutional buyers (QIBs), who bid for 182.65 times the category reserved for them, showed the NSE data.
Anthem Biosciences, as outlined in its red herring prospectus (RHP), 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
Incorporated in 2006, Anthem Biosciences is a contract research, development, and manufacturing organisation (CRDMO) serving global customers. The company manufactures specialised fermentation-based APIs, including probiotics and enzymes. Anthem Biosciences has a diverse customer base, including biotech firms and large pharmaceutical companies, spanning over 44 countries. As of September 2024, the company had 196 projects and over 425 customers in its CRDMO business. The company holds one patent in India and seven overseas, with 24 pending global patent applications.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
2 minutes ago
- Economic Times
Centre wants ‘country of origin' filter on shopping apps
The Indian government is proposing that e-commerce platforms include a "country of origin" filter to enhance consumer decision-making, especially before the festive season. A virtual consultation was held with e-commerce players to explore amending the Legal Metrology Rules. While companies generally agreed, some raised concerns about technical challenges and mobile app constraints, but experts believe the change is manageable. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Centre has floated a proposal asking e-commerce platforms to add a 'country of origin' filter to their websites and apps, a move aimed at helping consumers make quicker and more informed choices, especially ahead of the festive shopping rush, as reported by Department of Consumer Affairs on Friday held a virtual consultation with e-commerce players and industry stakeholders to explore amending the Legal Metrology (Packaged Commodities) Rules to introduce such a filter. The idea: enable users to sort products by country, much like how filters for price, brand, or size already work.'Many e-commerce platforms already have filters such as price range, brand, and product type. Adding one for country of origin is very much feasible and will help consumers find items based on their preference quickly. This will bring customer satisfaction,' a government official most platforms only mention the country of origin in the product description section — something shoppers must manually scroll through, one item at a there was broad consensus among companies on the viability of the proposal, some flagged potential tech challenges, especially around tweaking existing algorithms and mobile UI constraints.'There was almost a consensus among the participants, including from major e-commerce firms, and they said this would need change in the algorithm to create this new filter feature. We will hold more deliberations with the stakeholders,' said another sources said the meeting was exploratory in nature. 'For marketplaces like Amazon, Flipkart, and Myntra, it would be more of a tech issue, which can be solved. But for companies that hold inventory, there may be an added compliance burden,' said one executive from a leading platform added that screen space on mobile apps is already tight. 'It could be quite draining for the industry. And the expectation of the ministry is to get it done before the festive season if it gets implemented,' he Meena, adviser at market research firm Datum Intelligence, said that while the change could affect product visibility for some international brands, it may not have a major operational impact.'If this is implemented, customers will be able to filter out products based on their country of origin, which means that some brands on these platforms could lose visibility. Until now, not many consumers paid so much attention to a product's country of origin. But overall, it shouldn't be a very big challenge for platforms,' Meena added that for quick-commerce platforms, where food and groceries dominate, the change is unlikely to have much of an impact, as most of their goods are domestically sourced.
Economic Times
2 minutes ago
- Economic Times
Greening India's smart cities: From budgetary intent to scalable impact
TIL Creatives Urban India already drives over 60% of the country's GDP, despite occupying just 3% of its land. By 2036, nearly 600 million Indians—close to 40% of population—will call cities home. The recent announcement of the Urban Challenge Fund in the Union Budget marks a pivotal shift in India's urban development strategy. By positioning 'Cities as Growth Hubs' and enabling 'Creative Redevelopment', the initiative reflects growing recognition that India's economic future, climate resilience, and overall livability will be shaped by our cities. Urban India already drives over 60% of the country's GDP, despite occupying just 3% of its land. By 2036, nearly 600 million Indians—close to 40% of population—will call cities home. The pace of urbanisation is not just rapid; it is transformative. In six years, annual housing completions in the top seven cities more than doubled, from 2.5 lakh units in 2018 to 5.3 lakh in 2024. Yet, demand for homes and infrastructure continues to rise, reflected in steep housing prices that have jumped from ₹5,500 to over ₹7,000 per square foot. But beneath this growth story lies a more sobering reality. As our cities expand to meet economic needs, they are also becoming fragile. Indian cities are warming 37% faster than the national average and are increasingly vulnerable to climate stress. The question is no longer how much we build—but how well. The future of India's urban transformation depends on how we plan, construct, and operate cities sustainably and inclusively. Early wins hint at India's green city potential Encouragingly, green urbanism is no longer peripheral. A combination of progressive state policies and shifting consumer preferences is beginning to reshape the development landscape. States have long offered supply-side incentives to developers—such as additional Floor Area Ratio (FAR) for green projects or fast-track approvals that shorten timelines by up to 20%. What's newer—and critical—is the emergence of demand-side measures. States like Maharashtra now incentivise homeowners directly, offering graded property tax rebates of up to 10% for buyers of platinum-rated green homes, with smaller rebates for gold and silver-rated buildings. This nudge is timely, as less than 10% of India's residential stock is green certified. Developers are also stepping up. Leading players are aligning with net-zero goals, not just in principle but through action. Lodha Group, for instance, has cut Scope 1 and 2 carbon emissions by over 80%. Yet, green urbanism is still the exception, not the norm For all the progress, India's urban form still reflects legacy models—car-centric layouts, unplanned sprawl, and reactive infrastructure. Many indicators remain below global benchmarks. In Delhi, India's largest public transit network serves only 18% of residents within a 500-metre radius of a station. Nationwide, over two-thirds of urban settlements lack formal master plans. Where plans exist, they often overlook peri-urban growth and climate risks. 40% of sanctioned urban planning posts remain unfilled. A few cities are breaking this mold. Surat, for instance, has adopted a regional plan, linking surrounding towns into a cohesive spatial and economic framework. But such examples remain cities like Paris and Shanghai are embracing 15-minute city models—where daily needs are within walking distance. These approaches integrate nature-based planning and efficient infrastructure to boost livability and reduce emissions. Indian cities can adapt such models, especially in fast-growing construction phase also needs attention. On-site emissions are largely unmonitored. Prefabricated and modular construction can reduce material waste by up to 50%. Electrifying on-site machinery, deploying low-cost sensors to monitor emissions, and shifting to renewable power sources are practical steps. Procurement norms can be updated to favor low-embodied-carbon materials. However, systemic barriers remain—such as fragmented value chains, limited awareness. Addressing these requires coordination—from updating contracting models to enabling innovation and improving transparency. Globally, cities are moving: Amsterdam will mandate 20% biobased homes by 2025, cutting emissions by 220,000 tonnes but most importantly, is the operations phase of buildings. Operational energy use contributes nearly 70% of total emissions over a building's lifetime. Addressing this segment is critical. Smart systems can significantly improve performance. From self-regulating HVAC and lighting to IoT-enabled energy tracking, these tools are already available. Passive features—natural ventilation, optimal insulation, and daylighting—can reduce reliance on mechanical systems. Upgrading to energy-efficient appliances and pumps offers both emissions and lifecycle cost savings. 'The Edge' in Amsterdam, often called the world's greenest office, uses 28,000 sensors, solar energy, and smart controls to generate more energy than it consumes. From pilots to playbooks: what needs to change The solutions are known. What's needed now is scale. India must move from pilot projects to a playbook for systemic transformation. That shift requires action across three fronts. Governments must adopt a whole-systems lens—aligning policies, funding, and institutional capacity toward green urbanism. Proven interventions should be scaled, and urban planning recruitment must be prioritised. Secondly, real estate developers also have a critical role to play in shaping climate-resilient, people-centric assets. This includes moving beyond isolated projects to building integrated, mixed-use communities—such as 15-minute neighbourhoods. Green development should be viewed not as a compliance requirement or CSR initiative, but as a strategic business opportunity like rental premium and operational cost savings. Lastly, citizens, too, have a role. By demanding access to public transit, green spaces, and efficient homes, they can influence policy and market behavior. The bottom line: India's urban shift is rapid, with growing focus on climate-smart planning and green construction. Scaling impact now needs strong policy, institutional capacity, and real implementation across the real estate value chain. The writers are Neetu Vasanta, India Leader - Travel, Cities & Infrastructure, BCG and Yashi Tandon, Lead Knowledge Analyst, BCG.
India.com
2 minutes ago
- India.com
How much did the Kargil war cost India and Pakistan? Find out who suffered greater losses both financially and militarily
How much did the Kargil war cost India and Pakistan? Find out who suffered greater losses both financially and militarily The Kargil War was not just a military fight, but it was a test of India's strength, smart planning, and the incredible courage of our soldiers. In May 1999, Pakistani soldiers and militants secretly occupied high mountain peaks in the Kargil region, which is part of India which led to a war. To drive them out, India launched Operation Vijay, which went on for more than two months. On 26 July 1999, India won the battle and proudly raised the national flag on every peak. But this victory came at a heavy cost. Hundreds of Indian soldiers lost their lives, the country spent billions of rupees, and a lot of military equipment was used up. On Kargil Vijay Diwas, let's take a closer look at which country, India or Pakistan, suffered the most losses during the war, and who had to bear the higher cost of the conflict. India faced huge expenses, yet the economy stayed strong The Kargil War was not just a military challenge for India, it also tested the country's economy. According to estimates, India spent around Rs. 5,000 to Rs. 10,000 crore on the war. The Indian Air Force alone carried out over 300 airstrikes, costing nearly Rs. 2,000 crore. On the ground, the Army's daily operations cost about Rs. 10 to Rs. 15 crore per day. Some reports suggest that during the peak days of the war, India was spending nearly Rs. 1,460 crore each day. Even with such massive expenses, India's economy didn't break down. At the time, the country had a strong financial base, with USD 33.5 billion in foreign exchange reserves and a USD 10 billion defence budget. This solid economic support helped India manage the war costs without letting its economy fall under pressure. The biggest loss: The sacrifice of our brave soldiers More than the financial cost, India paid the highest price by losing 527 brave soldiers during the Kargil War. Over 1,363 soldiers were injured in the fierce battles. This sacrifice is something that can never be measured in money. In the final phase of the war, Indian Army units fought for every inch of land on the steep mountain peaks, putting their lives on the line to protect the country. Pakistan suffered more losses but kept denying the truth If we compare, Pakistan faced much heavier military losses than India in the Kargil War. According to some reports, nearly 3,000 Pakistani soldiers were killed. But officially, Pakistan only admitted to 357 deaths. After Indian forces recaptured the high-altitude positions, they found hundreds of bodies of Pakistani soldiers. Shockingly, Pakistan even refused to take back many of those bodies. Not only did Pakistan suffer on the battlefield, but the war also damaged its reputation worldwide. Just a few months after signing the Lahore Declaration (a peace agreement with India), the Kargil intrusion was seen globally as a betrayal and a planned act of war. This badly hurt Pakistan's image in the international community. Weak military planning and economic pressure forced Pakistan to back down While India had a strong economy during the Kargil War, with USD 33.5 billion in foreign exchange reserves and a USD 10 billion defence budget, Pakistan was not in a position to continue the war for long. Reports suggest that Pakistan's daily war expense was around Rs. 370 crore, which was less than India's. But the impact on Pakistan's economy was much greater. India's solid financial base and stable political leadership gave it the strength to handle a long and intense conflict. On the other hand, Pakistan struggled under international pressure, weaker military resources, and growing economic problems, which eventually forced it to step back from the war. Lessons learned from the war The Kargil War also exposed several weaknesses in India's military systems. One major issue was the lack of weapon-locating radars, which led to the loss of many soldiers. Realizing this gap, India later introduced the Swathi Radar System, which can accurately detect enemy artillery positions. There were also shortages of bulletproof jackets, night vision devices, and even basic supplies — all of which were addressed after the war.
