Anthem Biosciences' IPO, entirely an offer-for-sale, is in its second day of trading with a 75% subscription rate at a price band of ₹540-570.
The IPO has a 35% reservation for retail investors, 50% for QIBs, and 15% for HNIs, with bids received for 3.21 crore shares against an offer of 4.40 crore, making it oversubscribed by 0.73 times.
Anthem Biosciences, an innovation-driven CRDMO with integrated drug discovery, development, and manufacturing operations, raised ₹1,016 crore from anchor investors prior to public subscription.
The company's anchor book saw participation from various investors, including Abu Dhabi Investment Authority, Government Pension Fund Global, and HDFC MF, with 1.78 crore equity shares allocated at ₹570 per share.
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