
Investing Mantra
February 2, 2025 at 07:29 PM
Biocon Biologics Limited Eyes IPO In Next 12 Months
Biocon Limited Plans To List It's Biosimilars Business By March 2026, Says Shreehas Tambe, MD & CEO Biocon Biologics Limited
The Company is Set To Launch 5 New Biosimilars in the US, In Early FY26 In The Segments Of Diabetes, Oncology And Immunotherapy
Biosimilars Are Similar And Affordable Versions Of High-Priced And Complex Biologics Drugs Used To Treat Illnesses Like Cancer And Auto-Immune Diseases
Biocon Biologics Had Aquired Viatris Inc.'s Global Biosimilars Business For $3.35 Bn Which Included Cash Consideration Of $2 Bn And $ 1 Bn in Stock At Upper Cap Valuation Of $7.6 Bn Of BBL And Rest $335 Mn In Deferred Consideration
The Combined Entity Is India's Largest Biopharma Firm And One Of The Largest Standalone Biosimilars Business And As Per Few Unverified Reports, One Of The Top Three Biosimilars Business Globally
In 2023, Poonawala Group's Serum Institute Had Invested $300 Mn At $6 Bn Valuation, Making The Investment One Of The Largest Deals In The Space
FY24
Revenue : 8,824 Cr
EBITDA : 2,190 Cr
Till Q3 FY25
Revenue : 6,554 Cr
EBITDA : ~1800 Cr
Biocon Biologics' IPO Size Should Ideally Be Upwards Of $1 Bn And Might Range Upto $2 Bn, Making It One Of The Largest Public Offerings in India
The Company Is One Of A Kind, It Has Significant Market Share Globally And Operations In 120+ Countries,
This IPO Should Attract Significant Investor Interest Not Only in India But Globally
Excited For This IPO !!