Anthem Biosciences Ltd.

ANTHEM

Equity

BSE,NSE

Min. Investment

5,40,000.00

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IPO Details

Bidding Dates

14 Jul 25 - 16 Jul 25

Lot Size

26

Price Range ₹

540 - 570

Exchange Status

BSE,NSE

Total Equity

3584.50Cr

IPO Doc

IPO Timeline

Offer start

14 Jul 2025

Offer end

16 Jul 2025

Allotment

17 Jul 2025

Refund initiation

18 Jul 2025

Demat transfer

18 Jul 2025

Listing

21 Jul 2025

About Company

Anthem Biosciences Limited, incorporated in 2006, is a leading innovation-driven Contract Research, Development, and Manufacturing Organization (CRDMO) based in India. The company offers fully integrated services across the drug lifecycle—including discovery, development, and commercial manufacturing—for both small molecules and biologics. It specializes in fermentation-based APIs, probiotics, enzymes, peptides, biosimilars, and advanced specialty ingredients. With a client base spanning over 44 countries—including the U.S., Europe, and Japan—Anthem serves biotech startups as well as large global pharmaceutical firms. As of September 30, 2024, it managed 196 active R&D and manufacturing projects, supported by a scientific team of 600+ professionals and multiple global patents and applications. The company operates state-of-the-art GMP-compliant facilities with the largest fermentation capacity among Indian CRDMOs and has shown strong revenue growth, driven by its technology-led, end-to-end service model and long-term customer partnerships.

Year Founded

13-06-2006

Promotor Details

Ajay Bhardwaj

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage77.230
Share Capital4317479490

Offer to Public

6,28,85,959.00 Cr

Project Details

  • None - Nonecr

Highlights

  • Offers end-to-end CRDMO services across the drug lifecycle for both small molecules and biologics.
  • Strong global presence with a diversified client base across 44+ countries, including major pharma markets like the U.S. and Europe.
  • Advanced manufacturing infrastructure with India's largest fermentation capacity and cGMP-compliant facilities.
  • Rapid revenue growth driven by a success-based model and high-margin specialty ingredients like GLP-1 and probiotics.
  • Experienced scientific and leadership team with deep expertise and multiple patent holdings in India and abroad.

Challenges

  • High revenue concentration from a few top customers makes the business vulnerable to client loss.
  • Significant reliance on overseas suppliers exposes the company to supply chain disruptions and forex risks.
  • Heavy dependence on the CRDMO segment makes the company susceptible to downturns in biotech and pharma R&D spending.
  • Large and recurring capital expenditure may pressure cash flows and require external financing.
  • Seasonal business cycles, with peak shipments in the last quarter, may affect revenue predictability.
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