
Introduction
Anthem Biosciences, a prominent Contract Research, Development, and Manufacturing Organisation (CRDMO), has recently made a strong debut on the Indian stock markets. The IPO and subsequent price performance have garnered considerable interest from investors, analysts, and the broader pharmaceutical sector.
Stock Market Debut and Price Performance

Anthem Biosciences was listed on the BSE and NSE on July 21, 2025. The company’s shares debuted at ₹723.10 on the BSE and ₹723.05 on the NSE, marking a significant 26.85% premium over its initial public offer (IPO) price of ₹570 per share. Soon after listing, the stock surged further to reach an intraday high of ₹746.70, reflecting robust investor enthusiasm.
The market capitalization post-listing reached approximately ₹40,700 crore, underscoring the scale and confidence around the company’s market entry.
Share Price Details (As of July 21, 2025)
Metric | Value |
---|---|
Listing Price (NSE) | ₹723.05 |
Issue Price (IPO) | ₹570 |
Day’s High | ₹747 |
Day’s Low | ₹723.05 |
Closing Price | ₹726.35 |
Market Cap | ~₹40,700 crore |
52 Week High/Low | ₹747/₹570 |
IPO Highlights
The IPO, open for subscription from July 14–16, 2025, was valued at ₹3,395 crore and structured entirely as an offer for sale (OFS). The price band was fixed between ₹540 and ₹570 per share. Anthem Biosciences attracted significant investor interest:
- Overall Subscription: 63.86–67.42 times
- QIB Segment Subscription: 182–192.8 times
- NII Segment Subscription: 42.35–44.7 times
- Retail Subscription: 5.64–5.98 times
Anchor investors had already contributed ₹1,016 crore ahead of the IPO opening.
Fundamental Strengths
Anthem Biosciences is recognized for its:
- Near debt-free balance sheet.
- High return on equity: Recent fiscal ROE at 26.2% and a three-year average of 23%.
- 30% year-over-year revenue growth in FY25, reaching ₹1,930 crore.
- Net profit growth of 23%, reaching ₹451 crore in FY25.
- Market-leading operating margins and profitability.
The company serves more than 550 clients across 44 countries, with significant revenue from North America and Europe. About 81.65% of its revenue stems from CRDMO operations.
Analyst Views and Recommendations
Market analysts have highlighted Anthem Biosciences’ strong sectoral fundamentals, consistent profitability, and efficient business model. The company’s valuations, though considered premium at listing, are deemed justified given its steady growth and dominant position in the CRDMO space.
- Short-Term View: Target price seen near ₹900, with some advising partial profit booking and holding the balance with a stop-loss at ₹650.
- Long-Term View: Long-term investors are encouraged to hold, as the company offers significant potential in the expanding Indian pharmaceutical services landscape. Accumulation is suggested if prices dip to the ₹650–₹680 range.
Risks and Considerations
- The IPO did not include a fresh issue; all proceeds went to the selling shareholders.
- Future price performance may depend on the company maintaining its margin profile, continued innovation, and client base expansion.
- Some analysts urge caution given post-listing volatility and sectoral headwinds.
Conclusion
Anthem Biosciences’ share price performance underscores robust market and investor faith in the company’s integrated business model and its leadership in the contract research and manufacturing segment. With strong financials, global reach, and a history of profitability, Anthem stands as a significant new entrant on the Indian bourses—well-positioned for future growth, though potential investors should remain mindful of sector-specific risks and price fluctuations.
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