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Anthem Biosciences IPO GMP: The IPO attracted strong interest, receiving bids for 17.66 crore shares against 4.4 crore shares on offer. Non-institutional investors (NIIs) led the demand, subscribing 12.37 times their allotted quota. The retail segment saw 2.38 times subscription, while qualified institutional buyers (QIBs) subscribed to 60% of their portion.
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It comes as official figures show food and drink prices rose by 4.5% in the 12 months to June.
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Raymond James Investment's Matt Orton discusses the US macro backdrop, noting healthy consumers and declining inflation, though tariffs pose a risk. He anticipates potential Fed rate cuts by fall and sees trade deals, particularly with India, as beneficial for market stability.
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