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Asston Pharmaceuticals IPO

₹1,15,000/1000 shares

Minimum Investment

IPO Details

Open Date

09 Jul 25

Close Date

11 Jul 25

Minimum Investment

1,15,000

Lot Size

1000

Price Range

115 to ₹123

Listing Exchange

BSE

Issue Size

27.56 Cr

Listing Date

16 Jul 25

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Asston Pharmaceuticals IPO Timeline

Bidding Start

09 Jul 25

Bidding Ends

11 Jul 25

Allotment Finalisation

14 Jul 25

Refund Initiation

15 Jul 25

Demat Transfer

15 Jul 25

Listing

16 Jul 25

Asston Pharmaceuticals Limited

Incorporated in 2019, Asston Pharmaceuticals Limited is a pharmaceutical company specialising in the global export of healthcare products. It offers a wide range of formulations, including tablets, capsules, sachets, and syrups, across therapeutic segments like antibiotics, analgesics, antifungals, and vitamins. The company engages in direct sales and also manufactures on a contract or loan licence basis through a principle-to-principle model. Certified by both Central and State FDA and accredited by NQA, it ensures QMS-compliant production. As of 3 July 2025, it employs 52 personnel.

Asston Pharmaceuticals Limited IPO Overview

Asston Pharmaceuticals Limited is launching a book-built IPO worth ₹27.56 crores, consisting entirely of a fresh issue of 22.41 lakh equity shares. The IPO will open for public subscription on July 9, 2025, and close on July 11, 2025. The basis of allotment is expected to be finalised on Monday, July 14, 2025. The shares are proposed to be listed on the BSE SME platform, with a tentative listing date set for Wednesday, July 16, 2025.

The price band for the IPO has been fixed between ₹115 and ₹123 per share. Investors can apply in lots of 1,000 shares, with a minimum investment of ₹1,23,000 required from retail investors. The minimum lot size investment for HNIs has not been specified. Sobhagya Capital Options Ltd is acting as the book-running lead manager for the issue, while Maashitla Securities Private Limited is the registrar. JSK Securities and Services Private Limited is the designated market maker for the IPO.

Asston Pharmaceuticals Limited IPO Details

Particulars Details
IPO Date 9 July 2025 to 11 July 2025
Listing Date 16 July 2025
Face Value ₹10 per share
Issue Price Band ₹115 to ₹123 per share
Lot Size 1,000 Shares
Total Issue Size 22,41,000 shares (aggregating up to ₹27.56 Cr)
Fresh Issue 22,41,000 shares (aggregating up to ₹27.56 Cr)
Offer for Sale NA
Issue Type Bookbuilding IPO
Listing At BSE SME
Share Holding Pre Issue 62,71,360 shares
Share Holding Post Issue 85,12,360 shares
Market Maker Portion 1,13,000 shares

Asston Pharmaceuticals Limited IPO Reservation

Investor Category Shares Offered
Market Maker 1,13,000 (5.04%)
QIB 10,60,000 (47.30%)
NII (HNI) 3,22,000 (14.37%)
Retail 7,46,000 (33.29%)
Anchor Investors 6,35,000 (28.34%)

Asston Pharmaceuticals Limited IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1,000 ₹1,23,000
Retail (Max) 1 1,000 ₹1,23,000
HNI (Min) 2 2,000 ₹2,46,000

Asston Pharmaceuticals Limited IPO Promoter Holding

Shareholding Status Percentage
Pre-Issue 68.76%
Post-Issue 50.66%

Asston Pharmaceuticals Limited IPO Valuation Overview

KPI Value
Earnings Per Share (EPS) ₹6.90 (Pre IPO), ₹9.32 (Post IPO)
Price/Earnings (P/E) Ratio 17.83 (Pre), 13.2 (Post)
Return on Net Worth (RoNW) 40.36%
Net Asset Value (NAV) ₹17.09
Return on Equity (ROE) 50.56%
Return on Capital Employed (ROCE) 51.25%
EBITDA Margin 24.60%
PAT Margin 17.27%
Debt to Equity Ratio 0.68

Objectives of the Proceeds

  • Acquire new machinery for expansion – ₹6 Crores
  • Increase working capital for daily operations – ₹13 Crores
  • Repay certain outstanding borrowings – ₹1 Crore
  • General corporate purposes – unspecified amount

Key Financials (in ₹ Crore)

Particulars 31 May 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 31.83 28.12 20.26 13.69
Revenue 6.21 25.61 15.84 7.19
Profit After Tax 1.32 4.33 1.36 1.06
Reserves and Surplus 5.77 4.45 5.61 1.29
Total Borrowings 7.83 7.26 6.82 5.25

SWOT Analysis of Asston Pharmaceuticals IPO

Strength and Opportunities

  • Certified by Central and State FDA and NQA standards.
  • Rapid growth in revenue and PAT in recent years.
  • Export-oriented operations open access to global markets.
  • Diverse product portfolio across major therapeutic segments.

Risks and Threats

  • Operates in a highly regulated and competitive pharmaceutical industry.
  • Limited employee base may restrict scalability.
  • Fluctuations in global pharma regulations can impact exports.
  • Relatively new company with limited operating history.

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About Asston Pharmaceuticals Limited

Asston Pharmaceuticals Limited IPO Strengths

  • Strong formulation expertise enables the company to develop quality products across therapeutic categories.
  • Promoters bring significant experience in pharmaceutical manufacturing and international market operations.
  • Offers a broad portfolio including tablets, syrups, capsules, and sachets for various treatments.
  • Strategically located manufacturing facility supports smooth logistics and efficient export operations.
  • Skilled workforce ensures high-quality production and adherence to global regulatory standards.

Peer Group Comparison 

Asston Pharmaceuticals IPO Peer Comparison

Company Name EPS (Basic) NAV (₹/share) P/E (x) RoNW (%) P/BV Ratio
Asston Pharmaceuticals Ltd 6.90 17.09 40.36
Peer Groups
Shelter Pharma Ltd 6.26 36.96 6.70 16.94 1.14
BAFNA Pharmaceuticals Ltd 1.76 35.86 51.38 4.89 2.57
Trident Lifeline Ltd 11.35 57.16 25.29 19.85 5.04

How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App

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