Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Anthem puts spotlight on a red hot mkt
Mint Chennai
|July 16, 2025
In the grey market, Anthem shares were quoting at ₹679—about 19% above the issue price
The initial public offering of Bengaluru-based Anthem Biosciences, a contract research and innovation provider, has thrown the spotlight on India's contract development and manufacturing organization (CDMO) space.
On Day 1, the IPO was subscribed 0.7x overall. Among non-institutional investors, bids above ₹10 lakh were subscribed 1.37x, and those between ₹2 lakh and ₹10 lakh saw nearly 2x subscription, NSE data showed.
In the grey market, Anthem shares were quoting at ₹679—about 19% above the issue price, according to IPO data platform Investor Gain.
The excitement isn't limited to Anthem. Shares of CDMO players have been surging. From July 2023 to mid-July 2024, Divi's Laboratories gained 49%, Aarti Pharmalabs rose 53%, Piramal Pharma climbed 38%, and Cohance Lifesciences advanced 22%.
In contrast, generic pharma majors underwhelmed. Sun Pharma is up just 7%, Cipla and Dr. Reddy's have slipped 2% and 7% respectively, while Torrent Pharma posted a modest 15.5% rise and Aurobindo Pharma fell 14%.
This story is from the July 16, 2025 edition of Mint Chennai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Chennai
Mint Chennai
HC to hear Apple's plea on fine in Dec
Apple is challenging the new penalty math formula in India's competition law.
1 min
November 27, 2025
Mint Chennai
India’s labour reforms promote inclusion as well as productivity
The codes are designed to work in the interests of our workforce while supporting economic growth
3 mins
November 27, 2025
Mint Chennai
Flexi-cap funds in focus as smids falter
A silent pivot
3 mins
November 27, 2025
Mint Chennai
States to raise more debt from market
State borrowing through state development loans (SDLs), which had briefly eased in October after a surge earlier in the year, rose again in November as several major states returned to the market with large auctions, according to the latest Reserve Bank of India (RBI) data.
1 mins
November 27, 2025
Mint Chennai
Sebi eases adviser, analyst's norms
Markets regulator Sebi has relaxed the educational qualification criteria for Investment Advisers (IAs) and Research Analysts (RAs), allowing graduates from any discipline to apply for registration.
1 min
November 27, 2025
Mint Chennai
Fintechs turn fund magnets with cross-border licensing
Funders see growth prospects in central bank's payment aggregator-cross border licensing
3 mins
November 27, 2025
Mint Chennai
Uber India valuation surges amid battle with Ola, Rapido
November funding values shares 41% higher than the previous round in May 2023
2 mins
November 27, 2025
Mint Chennai
MO Alternates launches its maiden private credit fund
The %3,000 crore fund has drawn capital from family offices, ultra-HNIs and institutions
3 mins
November 27, 2025
Mint Chennai
Taxpayer base soars, but return filings lag sharply: CBDT data
India’s income tax base is growing faster than the number of those conscientiously filing returns, driven by the expanding reach of the tax deducted at source (TDS) system, according to latest data from the central board of direct taxes (CBDT).
1 min
November 27, 2025
Mint Chennai
A new wave of FDI could help the country stare down uncertainty
India-bound investments in future-focused sectors could favour faster economic growth amid shifting geopolitical dynamics
4 mins
November 27, 2025
Listen
Translate
Change font size