Asston Pharmaceuticals IPO
Open SmeCurrent GMP
₹26 (+21.14%)
Price Band
₹ 115 – 123
Lot Size
1000
Issue Size
₹27.56 Cr
Minimum Investment
₹246000 (2000 Shares)
Listing Date
16 July 2025
Subscription
130.96x
About the Company
Asston Pharmaceuticals Limited is an Indian pharmaceutical and nutraceutical manufacturer and exporter operating under the brand name “Asston”. The company primarily caters to domestic and African markets, focusing on affordable, high-quality formulations.
Core Operations:
- Product Categories: Tablets, Capsules, Syrups, Oral Powders (Sachets, Dry Syrups), External Preparations (Ointments, Creams, Gels, Lotions), Injectables (LVP & SVP).
- Business Model:
- Direct manufacturing and marketing.
- Contract manufacturing and loan licensing for corporate clients.
- Production Facility: Located in Ambernath, Maharashtra, with separate floors for:
- Pharmaceuticals (FDA-governed)
- Nutraceuticals (FSSAI-governed)
Manufacturing Capabilities:
- Tablets: Capacity of 8–9 crore tablets/month; average production 5–6 crore/month.
- Syrups (Nutraceuticals): ~37.5 kiloliters/month.
- Sachets: 30–40 lakh/month (depending on weight).
- Facility includes QA/QC labs, warehouse, and is FDA-certified (Central and State) and NQA-accredited.
Quality and Regulatory Compliance:
- WHO-GMP certified contract manufacturers.
- Own regulatory department and tie-ups with NABL-accredited labs.
- Complies with Quality Management System (QMS) standards.
- Operations fall under green and orange environmental zones.
- Over 150 registered trademarks for formulations.
Products and Markets:
- Broad range includes generic medicines, pediatric drugs, eye drops, NTTB (New to the Basket) treatments.
- Distributed across more than 10 countries, including South Africa and West Africa.
- Focus on price-sensitive markets with low-cost, quality formulations.
Growth and Development:
- Founded: April 16, 2019, as a private limited company.
- Acquired Ferron Lifecare’s nutraceutical plant in Ambernath in April 2024.
- Converted to a public limited company on August 29, 2024.
- FDA approval for pharmaceutical manufacturing received on December 2, 2024.
- Leadership Team: Dr. Ashish Sakalkar, Mrs. Saili More, and Mr. Sachin Badakh.
- Team Size: 50+ employees and expanding.
Strategic Initiatives:
- 5-year contracts with WHO-GMP-certified manufacturers for various formulations.
- Ongoing expansion with a new loan license deal in Gujarat for ointment production.
- In-house regulatory team supports dossier preparation and global compliance for exports.
Promoters
- Dr. Ashish Narayan Sakalkar
- Saili Jayaram More
- Sachin Chandrakant Badakh
Promoters Holding
Holding Pre Issue
68.76%
Holding Post Issue
50.66%
Objects of the Issue
The Company Asston Pharmaceuticals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding capital expenditure requirements towards acquiring machinery in the manufacturing unit
- Funding the incremental working capital requirements of the Company
- Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company
- General Corporate Purposes
Address / Contact Info
Asston Pharmaceuticals Limited
4th Floor, Office No. A-431 Balaji Bhavan,
Plot No 42A Sector-11 CBD Belapur,
Navi Mumbai, Thane
Navi Mumbai, Maharashtra, 400614
Phone: +91 22 49731411
Email: info@asstonpharmaceuticals.com
Website: http://www.asstonpharmaceuticals.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 09 July 2025
IPO Close Date
Friday, 11 July 2025
Basis of Allotment
Monday, 14 July 2025
Initiation of Refunds
Tuesday, 15 July 2025
Credit of Shares to Demat
Tuesday, 15 July 2025
Listing Date
Wednesday, 16 July 2025 — NSE & BSE
Important Dates
Open Date
09 July 2025
Close Date
11 July 2025
Basis Of Allotment
14 July 2025
Listing Date
16 July 2025
Financial Performance (₹ in Crores)
| Particular | 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 |
| Net Worth | 12.04 | 10.72 | 6.39 | 1.99 |
| Reserve & Surplus | 5.77 | 4.45 | 5.61 | 1.29 |
| Total Borrowings | 7.83 | 7.26 | 6.82 | 5.25 |
EPS Pre
6.90%
EPS Post
9.32%
P/E Pre
17.83
P/E (Post Issue)
13.20x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 50.56 |
| ROCE % | 51.25 |
| Debt / Equity | 0.68 |
| RoNW % | 40.36 |
| PbW | 0 |
| Pat Margin % | 17.27 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1060000 | 49.81 | 0 |
| Non-Institutional | 322000 | 15.13 | 0 |
| Retail Investors | 746000 | 35.06 | 0 |
| Total | 2128000 | 100 | 0 |
Subscription Status ( Fri, 11 Jul 25 01:27 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1060000 | 36449000 | 34.39x |
| Non-Institutional | 322000 | 113826000 | 353.5x |
| Retail Investors | 746000 | 128416000 | 172.14x |
| Total | 2128000 | 278691000 | 130.96x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 246,000.00 |
| Retail (Max) | 2 | 2,000 | 246,000.00 |
| S-HNI (Min) | 3 | 3,000 | 369,000.00 |
| S-HNI (Max) | 8 | 8,000 | 984,000.00 |
| B-HNI (Min) | 9 | 9,000 | 1,107,000.00 |
Registrar
Maashitla Securities Pvt. Limited
011-45121795-96
investor.ipo@maashitla.com
https://www.maashitla.com
Book Running Lead Managers
- Sobhagya Capital Options Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Asston Pharmaceuticals IPO is a Book-building IPO worth ₹27.56 crores. The price band is ₹115 to 123 per share. The IPO opens on Wed, Jul 9, 2025 and closes on Fri, Jul 11, 2025. It will be listed on BSE and NSE. Maashitla Securities Pvt. Limited is the registrar.
The Asston Pharmaceuticals IPO opens on Wed, Jul 9, 2025 and closes on Fri, Jul 11, 2025
Asston Pharmaceuticals IPO Price Band is ₹115 to 123.
Asston Pharmaceuticals IPO lot size is 1000, and the minimum amount required for application is ₹246000.
The minimum investment for Asston Pharmaceuticals IPO is approximately ₹246000 based on the upper price band.
To apply for the Asston Pharmaceuticals IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Jul 11, 2025. After submission, funds are blocked until the basis of allotment of Asston Pharmaceuticals IPO is finalised.
Asston Pharmaceuticals IPO issue size is ₹27.56 crores.
Asston Pharmaceuticals IPO allotment date is Sat, Jun 27, 2026.
The registrar for Asston Pharmaceuticals IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website for IPO allotment status, refund processing, and other queries related to Asston Pharmaceuticals IPO through their official website or helpline.
The Asston Pharmaceuticals IPO GMP (Grey Market Premium) is ₹26 as of Wed, Jul 16, 2025. Based on the upper price band of ₹123 per share, the estimated Asston Pharmaceuticals IPO listing price is ₹149, indicating a potential listing gain of approximately 31% over the issue price.