Astonea Labs IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 128 – 135
Lot Size
1000
Issue Size
₹37.67 Cr
Minimum Investment
₹270000 (2000 Shares)
Listing Date
03 June 2025
Subscription
1.84x
About the Company
Astonea Labs Ltd., originally incorporated in April 2017 as “AHU Laboratories Private Limited,” is a pharmaceutical and cosmetics company based in Haryana, India. It transitioned to a public limited company in January 2024 and operates under the Corporate Identification Number U24304CH2017PLC041482. The company specializes in the manufacturing, marketing, and contract manufacturing of a broad portfolio of pharmaceutical and cosmetic products. Its offerings span across therapeutic areas including antibiotics, anti-cold medications, antihistamines, and treatments for diabetes, cardiovascular diseases, gynecological conditions, fungal infections, and general wellness through multivitamins. In the cosmetics space, it produces skincare, dental, and hair care products in various formats like creams, gels, ointments, lotions, and serums.
Astonea Labs operates through two primary verticals—pharmaceuticals and cosmetics—and has developed its own brands, “Glow Up” (cosmetics) and “Regero” (pharmaceuticals), both of which are marketed domestically, with “Glow Up” also available on platforms like Amazon and Tata 1MG. A new skincare line, “Avicel,” is in the pipeline. The company also provides contract manufacturing services for domestic and international clients, offering end-to-end solutions from design and procurement to testing and production. Its 7,500 square meter ISO-compliant manufacturing facility is designed to support scalable, high-quality production standards.
The company has already established an international presence through exports to countries like Iraq and Yemen and is now targeting further global expansion. It recently underwent a USFDA audit for OTC products and submitted the compliance report, positioning it for entry into the U.S. and other regulated markets. With a strong sales and marketing network, Astonea Labs promotes its pharmaceutical products directly to healthcare professionals and builds distribution channels through chemists, wholesalers, and regional distributors across states such as Haryana, Punjab, Maharashtra, and Rajasthan.
As of August 16, 2024, the company employed 217 personnel, supported by an experienced leadership team led by Promoter and Managing Director Mr. Ashish Gulati, who has over six years of experience in the sector. Astonea Labs leverages its scalable business model, diversified product portfolio, experienced management, and commitment to quality as key competitive strengths. With a strategic focus on expanding its market reach through e-commerce, domestic distribution, and international exports, the company is poised for continued growth in both the pharmaceutical and cosmetic sectors.
Promoters
- Ashish Gulati
Promoters Holding
Holding Pre Issue
98.42%
Holding Post Issue
0.00%
Objects of the Issue
The Company Astonea Labs IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding of expenses proposed to be incurred towards Product registration in Bolivia, South America;
- Purchase and installation of plant and machineries for ointment production for the purpose of export in accordance with the international standards and protocols, on the 2nd floor of the Existing Premises (factory at Haripur, Tehsil - Raipur Rani, District Panchkula, Haryana to be referred to as the “Existing Premises”);
- Advertising, marketing and brand building;
- Investment in procuring hardware and software;
- Funding of working capital requirements; and
- General corporate purposes
Address / Contact Info
Astonea Labs Ltd
SCO 186-187, 2nd
Floor, Cabin No.
206, SECTOR 8 C,
Sector 8, Chandigarh
160009
Phone: +91 9888302323
Email: cs@astonea.org
Website: https://www.astonea.org/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 27 May 2025
IPO Close Date
Thursday, 29 May 2025
Basis of Allotment
Friday, 30 May 2025
Initiation of Refunds
Monday, 02 June 2025
Credit of Shares to Demat
Monday, 02 June 2025
Listing Date
Tuesday, 03 June 2025 — NSE & BSE
Important Dates
Open Date
27 May 2025
Close Date
29 May 2025
Basis Of Allotment
30 May 2025
Listing Date
03 June 2025
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 96.52 | 80.89 | 64.28 | 52.91 |
| Revenue | 69.69 | 80.29 | 67.26 | 30.17 |
| Profit After Tax | 4.1 | 3.81 | 0.67 | 0.25 |
| Net Worth | 17.28 | 11.97 | 8.16 | 7.49 |
| Reserve & Surplus | 9.56 | 4.37 | 4.16 | 3.49 |
| Total Borrowings | 49.48 | 42.4 | 35.99 | 29.52 |
EPS Pre
4.93%
EPS Post
5.20%
P/E Pre
27.36
P/E (Post Issue)
25.94x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 37.86 |
| ROCE % | 22.95 |
| Debt / Equity | 2.16 |
| RoNW % | 31.83 |
| PbW | 0 |
| Pat Margin % | 4.75 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 144000 | 5.16 | 0 |
| Qualified Institutions | 1320000 | 47.31 | 0 |
| Non-Institutional | 399000 | 14.3 | 0 |
| Retail Investors | 927000 | 33.23 | 0 |
| Total | 2790000 | 100 | 0 |
Subscription Status ( Thu, 29 May 25 01:15 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1320000 | 927000 | 0.7x |
| Non-Institutional | 399000 | 2377000 | 5.96x |
| Retail Investors | 927000 | 1567000 | 1.69x |
| Total | 2646000 | 4871000 | 1.84x |
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) | 1 | 1,000 | 135,000.00 |
| Retail (Max) | 1 | 1,000 | 135,000.00 |
| S-HNI (Min) | 2 | 2,000 | 270,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Oneview Corporate Advisors Private Limited
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.
Astonea Labs IPO is a Book-building IPO worth ₹37.67 crores. The price band is ₹128 to 135 per share. The IPO opens on Tue, May 27, 2025 and closes on Thu, May 29, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Astonea Labs IPO opens on Tue, May 27, 2025 and closes on Thu, May 29, 2025
Astonea Labs IPO Price Band is ₹128 to 135.
Astonea Labs IPO lot size is 1000, and the minimum amount required for application is ₹270000.
The minimum investment for Astonea Labs IPO is approximately ₹270000 based on the upper price band.
To apply for the Astonea Labs 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 Thu, May 29, 2025. After submission, funds are blocked until the basis of allotment of Astonea Labs IPO is finalised.
Astonea Labs IPO issue size is ₹37.67 crores.
Astonea Labs IPO allotment date is Sat, Jun 27, 2026.
The registrar for Astonea Labs IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Astonea Labs IPO through their official website or helpline.