Executive Summary:
This is a public announcement for information purposes regarding the initial public offering of Anthem Biosciences Limited equity shares. It serves as a corrigendum to the Red Herring Prospectus (RHP) dated July 8, 2025, filed with the Registrar of Companies (RoC), Securities and Exchange Board of India (SEBI), and Stock Exchanges. The corrigendum clarifies allocation percentages for Qualified Institutional Buyers (QIBs), Non-Institutional Investors, and Retail Institutional Investors based on the Net Offer.
Key Points / Main Content:
* **Company Information:**
* Originally incorporated as Anthem Biosciences Private Limited on June 13, 2006.
* Converted to a public company on December 10, 2024, and renamed Anthem Biosciences Limited.
* Registered and Corporate Office located in Bangalore, Karnataka.
* Promoters: Ajay Bhardwaj, Ganesh Sambasivam, K Ravindra Chandrappa, and Ishaan Bhardwaj.
* **Initial Public Offering (IPO):**
* Initial public offer of equity shares with a face value of ₹2 each.
* Offer price includes a share premium.
* Offer for sale aggregating up to ₹33,950.00 million.
* Includes an employee reservation portion aggregating up to ₹82.50 million.
* Eligible employees may be offered a discount on the offer price.
* **Corrigendum to Red Herring Prospectus (RHP):**
* Modifies allocation percentages for different investor categories:
* QIBs: Not more than 50% of the Net Offer.
* Non-Institutional Investors: Not less than 15% of the Net Offer.
* Retail Institutional Investors: Not less than 35% of the Net Offer.
* All references to allocation in the RHP should be read as the Net Offer instead of the Offer.
* This corrigendum does not reflect changes occurring between the RHP filing date and the corrigendum date; these will be in the Prospectus.
* **Availability of Information:**
* Corrigendum available on the websites of SEBI, Stock Exchanges, the Company, and Book Running Lead Managers (BRLMs).
Impact Analysis:
* **Potential Investors:**
* Impact: Need to consider the modified allocation percentages and refer to the RHP and Corrigendum for investment decisions. Investment in equity shares involves a high degree of risk.
* Action Required: Review the RHP and this Corrigendum, specifically focusing on the revised allocation percentages and risk factors before making any investment decisions.
* **Qualified Institutional Buyers (QIBs), Non-Institutional Investors, and Retail Institutional Investors:**
* Impact: Subject to revised allocation percentages of the Net Offer.
* Action Required: Note the changes in allocation percentages for their respective categories.
* **Eligible Employees:**
* Impact: Potential opportunity to subscribe to reserved shares and avail of an employee discount, subject to approvals.
* Action Required: If interested, review the terms of the employee reservation portion and the potential discount, and follow the bidding process.
* **Book Running Lead Managers (BRLMs):**
* Impact: Responsible for making the corrigendum available on their websites and addressing investor queries.
* Action Required: Ensure the Corrigendum is prominently displayed on their websites and provide necessary support to investors.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body for the securities market in India.
Anthem Biosciences Limited: The company issuing the initial public offering (IPO).
BSE Limited: One of the stock exchanges in India, also known as Bombay Stock Exchange.
National Stock Exchange of India Limited: A stock exchange in India.
Registrar of Companies, Karnataka at Bengaluru: The office responsible for registering companies in the state of Karnataka, India, located in Bengaluru.
Bommasandra Industrial Area, Bangalore, Karnataka: Location of the registered and corporate office of Anthem Biosciences Limited.
Initial Public Offering: The public offering of Anthem Biosciences Limited's equity shares.
JM Financial Limited: One of the Book Running Lead Managers (BRLMs) for the IPO.
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THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY. THIS IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER
TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUTSIDE INDIA.
Initial public offer of equity shares on the main board of BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, and together with BSE, the “Stock Exchanges”) in compliance
with Chapter II of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (“SEBI ICDR Regulations”).
(Please scan this QR code ANTHEM BIOSCIENCES LIMITED
to view the Corrigendum)
Our Company was originally incorporated as “Anthem Biosciences Private Limited” under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated June 13, 2006, issued
by the Registrar of Companies, Karnataka at Bengaluru (“RoC”). Subsequently, our Company was converted from a private company to a public company, pursuant to a board resolution dated October
18, 2024 and a resolution passed in the extraordinary general meeting of our Shareholders held on October 18, 2024 following which the name of our Company was changed to "Anthem Biosciences
Limited" and a certificate of incorporation consequent upon conversion to public limited company was issued by the RoC on December 10, 2024. For further details in relation to the changes in the name
and registered office of our Company, see “History and Certain Corporate Matters – Changes in our Registered Office” on page 234 of the red herring prospectus dated July 8, 2025 (“RHP” or “Red
Herring Prospectus”) filed with the RoC.
Registered and Corporate Office: No. 49, F1 & F2, Canara Bank Road, Bommasandra Industrial Area, Phase 1, Bommasandra, Bangalore, Karnataka, India, 560 099;
Telephone: +91 080 6672 4000; Contact Person: Divya Prasad, Company Secretary and Compliance Officer;
E-mail: investors.abl@anthembio.com; Website: www.anthembio.com; Corporate Identity Number: U24233KA2006PLC039703.
OUR PROMOTERS: AJAY BHARDWAJ, GANESH SAMBASIVAM, K RAVINDRA CHANDRAPPA
AND ISHAAN BHARDWAJ
NOTICE TO INVESTORS
CORRIGENDUM TO THE RED HERRING PROSPECTUS DATED July 8, 2025 (THE “CORRIGENDUM”)
INITIAL PUBLIC OFFERING OF UP TO [●] EQUITY SHARES OF FACE VALUE OF `2 EACH (“EQUITY SHARES”) OF ANTHEM BIOSCIENCES LIMITED (“COMPANY” OR “ISSUER”)
FOR CASH AT A PRICE OF `[●] PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF `[●] PER EQUITY SHARE) (“OFFER PRICE”) AGGREGATING UP TO `33,950.00
MILLION (THE “OFFER”) THROUGH AN OFFER FOR SALE AGGREGATING UP TO ` 33,950.00 MILLION COMPRISING UP TO [●] EQUITY SHARES OF FACE VALUE OF ` 2 EACH
BY GANESH SAMBASIVAM AGGREGATING UP TO `3,500.00 MILLION, UP TO [●] EQUITY SHARES OF FACE VALUE OF `2 EACH BY K RAVINDRA CHANDRAPPA,
AGGREGATING UP TO `3,500.00 MILLION AND UP TO [●] EQUITY SHARES OF FACE VALUE OF `2 EACH BY VIRIDITY TONE LLP, AGGREGATING UP TO `13,250.00 MILLION
AND UP TO [●] EQUITY SHARES OF FACE VALUE OF `2 EACH BY PORTSMOUTH TECHNOLOGIES LLC, AGGREGATING UP TO `3,200.00 MILLION AND UP TO [●] EQUITY
SHARES OF FACE VALUE OF `2 EACH BY MALAY J BARUA, AGGREGATING UP TO `3,200.00 MILLION AND UP TO [●] EQUITY SHARES OF FACE VALUE OF `2 EACH BY
RUPESH N KINEKAR, AGGREGATING UP TO `3,200.00 MILLION AND UP TO [●] EQUITY SHARES OF FACE VALUE OF `2 EACH BY SATISH SHARMA, AGGREGATING UP TO
`3,200.00 MILLION AND UP TO [●] EQUITY SHARES OF FACE VALUE OF `2 EACH BY PRAKASH KARIABETTAN, AGGREGATING UP TO `800.00 MILLION AND UP TO [●]
EQUITY SHARES OF FACE VALUE OF `2 EACH BY K RAMAKRISHNAN, AGGREGATING UP TO `100.00 MILLION (COLLECTIVELY, “SELLING SHAREHOLDERS” AND SUCH
OFFER FOR SALE OF EQUITY SHARES BY THE SELLING SHAREHOLDERS, THE “OFFER FOR SALE”). THE OFFER SHALL CONSTITUTE [●] % OF THE POST-OFFER PAID-UP
EQUITY SHARE CAPITAL OF OUR COMPANY.
THE OFFER INCLUDES A RESERVATION OF UP TO [●] EQUITY SHARES OF FACE VALUE OF ` 2 EACH, AGGREGATING UP TO `82.50 MILLION (CONSTITUTING UP TO [●]% OF
THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL) FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (“EMPLOYEE RESERVATION PORTION”). OUR COMPANY, IN
CONSULTATION WITH THE BRLMS MAY OFFER A DISCOUNT OF UP TO [●] OF THE OFFER PRICE TO ELIGIBLE EMPLOYEES BIDDING IN THE EMPLOYEE RESERVATION
PORTION (“EMPLOYEE DISCOUNT”), SUBJECT TO NECESSARY APPROVALS AS MAY BE REQUIRED. THE OFFER LESS THE EMPLOYEE RESERVATION PORTION IS
HEREINAFTER REFERRED TO AS THE “NET OFFER”. THE OFFER AND THE NET OFFER SHALL CONSTITUTE [●]% AND [●]% OF THE POST-OFFER PAID-UP EQUITY SHARE
CAPITAL OF OUR COMPANY, RESPECTIVELY.
This Corrigendum is in reference to the Red Herring Prospectus filed with the Registrar of Companies, Karnataka at Bengaluru (“RoC”) and thereafter with the Securities and Exchange Board
of India (“SEBI”), BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”) on July 8, 2025. In this regard, potential
Bidders should note that the percentage available for (i) allocation for QIBs on a proportionate basis is not more than 50% of the “Net Offer”, (ii) Non Institutional Investors is not less than 15%
of the “Net Offer”, and (iii) Retail Institutional Investors is not less than 35% of the “Net Offer”, in each case instead of “the Offer”, on the inside cover page, and pages 7, 8, 80, 395, 396, 398, 400
and 416 of the RHP. Accordingly, all references to allocation in the RHP, to the extent they relate to the context of the foregoing, should be read as “the Net Offer” instead of “the Offer”.
The information above modifies and updates the information (as applicable) in the RHP. The RHP accordingly stands amended to the extent stated hereinabove and the above changes are to
be read in conjunction with the RHP. Please note that this Corrigendum does not reflect any other changes that have occurred between the date of filing of the RHP and the date of the
Corrigendum, and the relevant changes shall be reflected in the Prospectus as and when filed with the RoC, SEBI and the Stock Exchanges.
This Corrigendum shall be available on the website of SEBI at www.sebi.gov.in, the website of Stock Exchanges at www.nseindia.com and www.bseindia.com, the website of our Company at
www.anthembio.com and the websites of the Book Running Lead Managers, namely, JM Financial Limited at www.jmfl.com, Citigroup Global Markets India Private Limited at
https://www.citigroup.com/global/about-us/global-presence/india/disclaimer, J.P. Morgan India Private Limited at www.jpmipl.com and Nomura Financial Advisory and Securities (India) Private
Limited at https://www.nomuraholdings.com/company/group/asia/nfaspl.html. All capitalized terms used in this Corrigendum shall, unless the context otherwise requires, have the meanings
ascribed to them in the RHP.
BOOK RUNNING LEAD MANAGERS
JM Financial Limited Citigroup Global Markets India Private Limited J.P. Morgan India Private Limited Nomura Financial Advisory and
7th Floor, Cnergy, Appasaheb Marathe Marg, 1202, 12th Floor, First International Financial Centre J.P. Morgan Tower, Off CST Road, Securities (India) Private Limited
Prabhadevi, Mumbai - 400 025, G-Block, Bandra Kurla Complex, Bandra (East), Kalina, Santacruz East, Ceejay House, Level 11, Plot F,
Maharashtra, India Mumbai - 400 098, Maharashtra, India Mumbai - 400 098, Maharashtra, India Shivsagar Estate, Dr. Annie Besant Road,
Telephone: +91 22 6630 3030 Telephone: +91 22 6175 9999 Telephone: +91 22 6157 3000 Worli, Mumbai - 400 018,
E-mail: Anthem.ipo@jmfl.com E-mail: anthem.ipo@citi.com E-mail: anthem_ipo@jpmorgan.com Maharashtra, India
Investor grievance E-mail: grievance.ibd@jmfl.com Investor grievance E-mail: investors.cgmib@citi.com Investor grievance e-mail: Telephone: +91 22 4037 4037
Website: www.jmfl.com Website: https://www.citigroup.com/global/about- investorsmb.jpmipl@jpmorgan.com E-mail: anthembioipo@nomura.com
Contact person: Prachee Dhuri us/global-presence/india/disclaimer Website: www.jpmipl.com Investor Grievance E-mail:
SEBI registration number: INM000010361 Contact person: Abhishek Mawandiya Contact person: investorgrievances-in@nomura.com
SEBI registration number: INM000010718 Tarang Shah/ Rishank Chheda Website: www.nomuraholdings.com/
SEBI registration no.: INM000002970 company/group/asia/ india/index.html
Contact person: Vishal Kanjani/ Chirag Shah
SEBI Registration No.: INM000011419
REGISTRAR TO THE OFFER COMPANY SECRETARY AND COMPLIANCE OFFICER
Divya Prasad
No. 49, F1 & F2, Canara Bank Road, Bommasandra Industrial Area, Phase 1, Bommasandra, Bangalore,
KFin Technologies Limited Karnataka, India, 560 099; Telephone: +91 080 6672 4051, E-mail: compliance.abl@anthembio.com
Selenium, Tower B, Plot No- 31 and 32, Financial District, Nanakramguda,
Serilingampally, Hyderabad, Rangareddy - 500 032, Telangana, India Investors may contact the Company Secretary and Compliance Officer or the Registrar to the Offer in case of any
Telephone: +91 40 6716 2222, E-mail: anthem.ipo@kfintech.com pre-Offer or post-Offer related grievances including non-receipt of letters of Allotment, non-credit of Allotted Equity
Shares in the respective beneficiary account, non-receipt of refund orders or non-receipt of funds by electronic
Investor grievance E-mail: einward.ris@kfintech.com, Website: www.kfintech.com
mode, etc. For all Issue related queries and for redressal of complaints, Investors may also write to the BRLMs.
Contact person: M. Murali Krishna, SEBI registration number: INR000000221
For ANTHEM BIOSCIENCES LIMITED
On behalf of the Board of Directors
Sd/-
Place: Bengaluru Divya Prasad
Date: July 11, 2025 Company Secretary and Compliance Officer
ANTHEM BIOSCIENCES LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public
offering of its Equity Shares and has filed the RHP with RoC and the Stock Exchanges on July 8, 2025. The RHP is available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock
Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.anthembio.com; and on the websites of the BRLMs, i.e. JM Financial Limited,
Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited and Nomura Financial Advisory and Securities (India) Private Limited at www.jmfl.com, https://www.citigroup.com/global/about-
us/global-presence/india/disclaimer, www.jpmipl.com and www.nomuraholdings.com/company/group/asia/india/index.html, respectively. Any potential investors should note that investment in equity shares involves
a high degree of risk and for details relating to such risk, see ‘Risk Factors’ on page 34 of the RHP filed with SEBI and the Stock Exchanges, when filed. Potential Bidders should not rely on the DRHP filed with SEBI
and the Stock Exchanges for making any investment decision and should instead rely on the RHP, for making investment decision.
This announcement is not an offer of securities for sale in the United States or elsewhere. This announcement has been prepared for publication in India only and is not for publication or distribution, directly or
indirectly, in or into the United States. The Equity Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or
sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the
Equity Shares are only being offered and sold (a) within the United States solely to persons who are reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act) in
transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act, and (b) outside the United States in “offshore transactions”as defined in and in reliance on Regulation S under the
U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur. There will be no public offering in the United States.