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Anthem Biosciences IPO Subscribed 73% On Day 1, GMP Rises

  • Anthem Biosciences Ltd.'s IPO was subscribed 73% on day 1 with a price band of Rs 540 to Rs 570 per share.
  • The IPO is a book-building issue of Rs 3,395 crore and consists of an offer for sale of 5.96 crore shares.
  • The funds from the IPO will go to the selling shareholders as it is entirely an offer for sale.
  • The grey market premium (GMP) for Anthem Biosciences IPO was Rs 112, indicating a potential listing at a premium of 19.65%.

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