Asston Pharmaceuticals IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 09 to Jul 11 2025
Price Band
₹123
Current GMP
₹119(-3.25%)
Subscription
186.55 times
IPO Details
| IPO Date | July 9, 2025 to July 11, 2025 |
| Listing Date | July 16, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹123 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,41,000 shares (aggregating up to ₹27.56 Cr) |
| Reserved for Market Maker | 1,13,000 shares (aggregating up to ₹1.39 Cr)JSK Securities and Services Private Limited |
| Net Offered to Public | 21,28,000 shares (aggregating up to ₹26.17 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 62,71,360 shares |
| Share Holding Post Issue | 85,12,360 shares |
IPO Date
July 9, 2025 to July 11, 2025
Listing Date
July 16, 2025
Face Value
₹10 per share
Issue Price
₹123 per share
Lot Size
1,000 Shares
Sale Type
Fresh Capital
Total Issue Size
22,41,000 shares (aggregating up to ₹27.56 Cr)
Reserved for Market Maker
1,13,000 shares (aggregating up to ₹1.39 Cr)JSK Securities and Services Private Limited
Net Offered to Public
21,28,000 shares (aggregating up to ₹26.17 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
62,71,360 shares
Share Holding Post Issue
85,12,360 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 85.76 |
| Non-Institutional Buyers*** | 353.14 |
| bNII (bids above ₹10L) | 424.47 |
| sNII (bids below ₹10L) | 210.85 |
| Individual Investors (IND category bidding for 2 Lots) | 172.06 |
| Total ** | 186.55 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
85.76
Non-Institutional Buyers***
353.14
bNII (bids above ₹10L)
424.47
sNII (bids below ₹10L)
210.85
Individual Investors (IND category bidding for 2 Lots)
172.06
Total **
186.55
Day Wise Sub
| Day | QIB | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Jul 9, 2025 | 3.51 | 0.66 | 0.00 | 0.00 | 1.22 | 1.75 |
| Day 2 Jul 10, 2025 | 4.47 | 19.67 | 19.29 | 21.50 | 16.66 | 13.84 |
| Day 3 Jul 11, 2025 | 85.76 | 353.14 | 424.47 | 210.85 | 172.06 | 186.55 |
DayDay 1
Jul 9, 2025
QIB3.51
NII*0.66
NII (> ₹10L)0.00
NII (< ₹10L)0.00
Individual Investors1.22
Total1.75
DayDay 2
Jul 10, 2025
QIB4.47
NII*19.67
NII (> ₹10L)19.29
NII (< ₹10L)21.50
Individual Investors16.66
Total13.84
DayDay 3
Jul 11, 2025
QIB85.76
NII*353.14
NII (> ₹10L)424.47
NII (< ₹10L)210.85
Individual Investors172.06
Total186.55
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 16-07-2025 | 123.00 | 26(21.14%) | 149 |
| 15-07-2025 | 123.00 | 26(21.14%) | 149 |
| 14-07-2025 | 123.00 | 25(20.33%) | 148 |
| 13-07-2025 | 123.00 | 30(24.39%) | 153 |
| 12-07-2025 | 123.00 | 30(24.39%) | 153 |
| 11-07-2025 | 123.00 | 30(24.39%) | 153 |
| 10-07-2025 | 123.00 | 30(24.39%) | 153 |
| 09-07-2025 | 123.00 | 25(20.33%) | 148 |
| 08-07-2025 | 123.00 | 15(12.20%) | 138 |
| 07-07-2025 | 123.00 | 10(8.13%) | 133 |
| 06-07-2025 | 123.00 | 10(8.13%) | 133 |
| 05-07-2025 | 123.00 | 10(8.13%) | 133 |
| 04-07-2025 | 123.00 | 10(8.13%) | 133 |
Date16-07-2025
Price123.00
GMP26(21.14%)
Estimate List Price149
Date15-07-2025
Price123.00
GMP26(21.14%)
Estimate List Price149
Date14-07-2025
Price123.00
GMP25(20.33%)
Estimate List Price148
Date13-07-2025
Price123.00
GMP30(24.39%)
Estimate List Price153
Date12-07-2025
Price123.00
GMP30(24.39%)
Estimate List Price153
Date11-07-2025
Price123.00
GMP30(24.39%)
Estimate List Price153
Date10-07-2025
Price123.00
GMP30(24.39%)
Estimate List Price153
Date09-07-2025
Price123.00
GMP25(20.33%)
Estimate List Price148
Date08-07-2025
Price123.00
GMP15(12.20%)
Estimate List Price138
Date07-07-2025
Price123.00
GMP10(8.13%)
Estimate List Price133
Date06-07-2025
Price123.00
GMP10(8.13%)
Estimate List Price133
Date05-07-2025
Price123.00
GMP10(8.13%)
Estimate List Price133
Date04-07-2025
Price123.00
GMP10(8.13%)
Estimate List Price133
IPO Important Dates
| IPO Open Date | Wed, Jul 9, 2025 |
| IPO Close Date | Fri, Jul 11, 2025 |
| Tentative Allotment | Mon, Jul 14, 2025 |
| Initiation of Refunds | Tue, Jul 15, 2025 |
| Credit of Shares to Demat | Tue, Jul 15, 2025 |
| Tentative Listing Date | Wed, Jul 16, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 11, 2025 |
IPO Open Date
Wed, Jul 9, 2025
IPO Close Date
Fri, Jul 11, 2025
Tentative Allotment
Mon, Jul 14, 2025
Initiation of Refunds
Tue, Jul 15, 2025
Credit of Shares to Demat
Tue, Jul 15, 2025
Tentative Listing Date
Wed, Jul 16, 2025
Cut-off time for UPI mandate confirmation
5 PM on July 11, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,46,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,46,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,69,000 |
| S-HNI (Max) | 8 | 8,000 | ₹9,84,000 |
| B-HNI (Min) | 9 | 9,000 | ₹11,07,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,000
Amount₹2,46,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,000
Amount₹2,46,000
ApplicationS-HNI (Min)
Lots3
Shares3,000
Amount₹3,69,000
ApplicationS-HNI (Max)
Lots8
Shares8,000
Amount₹9,84,000
ApplicationB-HNI (Min)
Lots9
Shares9,000
Amount₹11,07,000
Financial Information
| Period Ended | 31 May 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Period Ended | 31 May 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 31.83 | 28.12 | 20.26 |
| Revenue | 6.21 | 25.61 | 15.84 |
| Profit After Tax | 1.32 | 4.33 | 1.36 |
| EBITDA | 1.93 | 6.16 | 2.55 |
| Net Worth | 12.04 | 10.72 | 6.39 |
| Reserves and Surplus | 5.77 | 4.45 | 5.61 |
| Total Borrowing | 7.83 | 7.26 | 6.82 |
Period EndedPeriod Ended
31 May 202531 May 2025
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
Period EndedAssets
31 May 202531.83
31 Mar 202528.12
31 Mar 202420.26
Period EndedRevenue
31 May 20256.21
31 Mar 202525.61
31 Mar 202415.84
Period EndedProfit After Tax
31 May 20251.32
31 Mar 20254.33
31 Mar 20241.36
Period EndedEBITDA
31 May 20251.93
31 Mar 20256.16
31 Mar 20242.55
Period EndedNet Worth
31 May 202512.04
31 Mar 202510.72
31 Mar 20246.39
Period EndedReserves and Surplus
31 May 20255.77
31 Mar 20254.45
31 Mar 20245.61
Period EndedTotal Borrowing
31 May 20257.83
31 Mar 20257.26
31 Mar 20246.82
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Asston Pharmaceuticals Limited | 6.90 | 6.90 | 17.09 | 40.36 | ||
| Shelter Pharma Ltd | 6.26 | 6.26 | 36.96 | 6.70 | 16.94 | 1.14 |
| BAFNA PHARMACEUTICALS Limited | 1.76 | 1.76 | 35.86 | 51.38 | 4.89 | 2.57 |
| Trident Lifeline Ltd | 11.35 | 11.35 | 57.16 | 25.29 | 19.85 | 5.04 |
Company NameAsston Pharmaceuticals Limited
EPS (Basic)6.90
EPS (Diluted)6.90
NAV (per share) (Rs)17.09
P/E (x)
RoNW (%)40.36
P/BV Ratio
Company NameShelter Pharma Ltd
EPS (Basic)6.26
EPS (Diluted)6.26
NAV (per share) (Rs)36.96
P/E (x)6.70
RoNW (%)16.94
P/BV Ratio1.14
Company NameBAFNA PHARMACEUTICALS Limited
EPS (Basic)1.76
EPS (Diluted)1.76
NAV (per share) (Rs)35.86
P/E (x)51.38
RoNW (%)4.89
P/BV Ratio2.57
Company NameTrident Lifeline Ltd
EPS (Basic)11.35
EPS (Diluted)11.35
NAV (per share) (Rs)57.16
P/E (x)25.29
RoNW (%)19.85
P/BV Ratio5.04
IPO Reservation
| Market Maker Shares Offered | 1,13,000 (7.04%) |
| QIB Shares Offered | 10,60,000 (66.00%) |
| − Anchor Investor Shares Offered | 6,35,000 (39.54%) |
| − QIB (Ex. Anchor) Shares Offered | 4,25,000 (26.46%) |
| NII (HNI) Shares Offered | 3,22,000 (20.05%) |
| − bNII > ₹10L | 2,15,000 (13.39%) |
| − sNII < ₹10L | 1,07,000 (6.66%) |
| Retail Shares Offered | 7,46,000 (46.45%) |
| Total Shares Offered | 16,06,000 (100.00%) |
Market Maker Shares Offered
1,13,000 (7.04%)
QIB Shares Offered
10,60,000 (66.00%)
− Anchor Investor Shares Offered
6,35,000 (39.54%)
− QIB (Ex. Anchor) Shares Offered
4,25,000 (26.46%)
NII (HNI) Shares Offered
3,22,000 (20.05%)
− bNII > ₹10L
2,15,000 (13.39%)
− sNII < ₹10L
1,07,000 (6.66%)
Retail Shares Offered
7,46,000 (46.45%)
Total Shares Offered
16,06,000 (100.00%)
Information about company
Incorporated in 2019, Asston Pharmaceuticals Limited is engaged in the business of pharmaceuticals, specializing in exporting healthcare products globally.
The company offers a diverse range of products, including tablets, capsules, sachets, and syrups. Its product portfolio encompasses various therapeutic categories, such as analgesics, antibiotics, antifungals, vitamins, and more.
The company manufactures pharmaceutical products for direct sales and also on a contract manufacturing or loan license basis, primarily working on a principle-to-principle approach with various marketers.
The company is FDA certified by both Central and State FDA, accredited by NQA (Nuclear Quality Assurance), and complies with Quality Management System (QMS) standards, ensuring high-quality manufacturing.
Products:
Albendazole USP 400 mg: Albendazole USP 400 mg refers to a higher dosage of Albendazole, a broad-spectrum anthelmintic (anti-worm) medication that is used to treat various parasitic worm infections.
Diclofenac 100 mg: Diclofenac 100 mg refers to a specific dosage of Diclofenac, a widely used nonsteroidal anti-inflammatory drug (NSAID).
Ibuprofen, paracetamol: Ibuprofen and Paracetamol (Acetaminophen) are two commonly used over-the-counter medications, often used to relieve pain and reduce fever.
Ferrovit Syrup: To treat vitamin and mineral deficiencies.
As of 3 July 2025, the company has 46 Permanent employees and 6 contractual employees in various departments.
Competitive Strengths:
Formulation Expertise
Experienced Promoters
Wide range of Products
Strategic Location
Skilled Workforce
Objectives of IPO
The Company Asston Pharmaceuticals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (in Million)
1
Funding capital expenditure requirements towards acquiring machinery in the manufacturing unit
60
2
Funding the incremental working capital requirements of the Company
130
3
Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company
10
4
General Corporate Purposes
Disclaimer
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