New Delhi, July 9 -- Anthem Biosciences is set to launch its initial public offering (IPO) next week to raise Rs.3,395 crore.

Anthem Biosciences IPO is scheduled to run from July 14 to July 16, with the anchor book slated to open on July 11. Anthem Biosciences IPO price band has been fixed at Rs.540 to Rs.570 per share of face value of Rs.2 each.

The issue is entirely an offer for sale of 5.96 crore shares, meaning no proceeds will go to the company, but the shareholders are offloading their stake.

In Anthem Biosciences IPO, 50% of the offer is reserved for qualified institutional buyers (QIB), 15% for non-institutional investors (NII) and 35% for retail investors. Equity shares aggregating up to Rs.8.25 crore have been reserved for el...