Anthem Biosciences IPO Subscribed 67.42 Times; QIB Category Leads Bidding on Final Day

Mumbai, 16 July 2025: Anthem Biosciences Limited’s ₹3,395 crore Initial Public Offering (IPO) closed on 16 July 2025, recording a total subscription of 67.42 times. The three-day bidding window saw participation from a wide range of investor categories, including institutional, non-institutional, retail, and employees. The IPO is entirely an offer for sale of 5.96 crore equity shares, with no fresh issue component.

Qualified Institutional Buyers Submit Maximum Bids on Final Day

The Qualified Institutional Buyer (QIB) segment recorded the highest participation, with a subscription of 192.80 times. Bids for over 229 crore shares were received against the available 1.18 crore shares in this category. The total value of bids from institutional investors amounted to approximately ₹1,30,592 crore.

On Day 1, QIBs had placed bids amounting to 0.39 times their quota, which rose to 0.62 times by Day 2, before surging on the final day. The high volume of bids from QIBs on Day 3 contributed significantly to the overall subscription figures.

Non-Institutional Investors Show High Demand in Upper Investment Bracket

The Non-Institutional Investor (NII) segment subscribed 44.70 times, with most demand coming from investors placing bids above ₹10 lakh. The bNII portion accounted for 51.66 times subscription, while sNII (below ₹10 lakh) stood at 30.80 times.

In total, NIIs submitted bids for more than 39.84 crore shares against the allocation of 89.12 lakh shares, with the value of these bids crossing ₹22,710 crore.

Retail Investor Subscription at 5.98 Times

The retail category received bids for over 12.42 crore shares against the reserved 2.07 crore shares, resulting in a subscription of 5.98 times. The total value of bids in this segment was approximately ₹7,085 crore.

Retail applications remained steady through the three days, moving from 0.62 times on Day 1 to 2.21 times on Day 2, before increasing on the final day.

Employee Quota Also Subscribed Nearly 7 Times

The employee reservation category, offering 1.58 lakh shares at a ₹50 discount to the issue price, was subscribed 6.99 times, with bids received for over 11 lakh shares. The bid amount in this category stood at ₹63.20 crore.

Issue Details and Timelines Ahead

The IPO was open for bidding between 14 and 16 July 2025. The allotment is expected to be finalised on 17 July 2025, with refunds and credit of shares to demat accounts planned for 22 July 2025. The tentative listing date on both BSE and NSE is set for 21 July 2025.

The IPO comprised 7.74 crore equity shares, with 2.97 crore shares (38.38%) allocated to QIBs, 2.07 crore shares (26.87%) to retail investors, and 89.12 lakh shares (11.51%) to NIIs. Anchor investors had subscribed to 1.78 crore shares worth ₹1,016 crore on 15 July 2025, ahead of the IPO launch.

Application and Investment Details

The price band for the issue was fixed at ₹570 per share. The minimum application size was 26 shares, requiring a retail investment of ₹14,040. The lot size for sNII investors was 14 lots (₹2,07,480) and for bNII investors 68 lots (₹10,07,760).

The total number of applications received across all categories stood at 37.94 lakh. As the IPO proceeds toward allotment, investors await listing outcomes amid significant subscription across institutional and non-institutional categories.

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