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Anthem Biosciences' $395 million IPO fully subscribed on day two

  • Anthem Biosciences' $395 million IPO was fully subscribed on day two, receiving bids worth ₹2,638 crore ($307 million) as of 10:24 a.m. IST.
  • Shares are expected to begin trading on July 21, with the IPO priced at ₹540-570.
  • Anthem Biosciences, a drugmaker established in 2007 with facilities in Bengaluru, specializes in drug discovery, drug efficacy testing, active pharmaceutical ingredients, dietary supplements, and probiotics.
  • Indian firms are anticipated to raise $2.4 billion through public issues in July, indicating a potential rebound in primary offerings following earlier disruptions.

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