Asston Pharmaceuticals Limited
- Minimum Investment₹2,30,000
- Price Range₹115 - ₹123
- Issue Size₹27.56 Cr
- Lot Size2000 shares
This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Proceeds of this IPO to be used for
Funding capital expenditure requirements towards acquiring machinery in the manufacturing unit
Funding the incremental working capital requirements
Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the company
General corporate purposes
Strengths & Weaknesses of Asston Pharmaceuticals Limited
Diverse product portfolio
The company offers a broad range of over 100 registered trademarks, including pediatric drugs, anti-tuberculosis treatments, and eye drops. With formulations like tablets, syrups, sachets, and injectables, the company caters to a wide spectrum of healthcare needs, making it a preferred partner for diverse markets
Strong formulation capability
The company has built deep expertise in formulation development across multiple therapeutic areas. Its in-house quality assurance and control facilities further enhance product quality. This capability has helped establish the company as a reliable player, especially in export markets
Reliable manufacturing network
The company works with five WHO-GMP certified contract manufacturers and also owns a unit at Ambernath with FDA approval for pharmaceutical production. These partnerships ensure industry-compliant output and operational flexibility. The company has developed strong ties with these manufacturers and is actively looking to expand its network further
Third-party dependency
The company operates its own manufacturing facility in Ambernath, Maharashtra, but relies on third-party manufacturers for certain products beyond tablets. While this contract manufacturing arrangement enhances production capacity, the company does not have exclusive or long-term agreements with these partners
Low entry barrier
The contract manufacturing space has low entry barriers, requiring no special certifications, making it easy for competitors to access the same manufacturers. The company currently has five tie-ups for medicine production, primarily for export. These manufacturers contribute significantly to overall revenue
Regional concentration
All of the company’s own and contract manufacturing facilities are located in Maharashtra, exposing it to geographic concentration risk. Any disruption—such as political unrest, labor issues, pandemics, regulatory challenges, or natural disasters in or around Maharashtra—could severely impact production and operations
Financials
Earnings Per Share
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About Asston Pharmaceuticals Limited
- PromoterAshish Narayan Sakalkar
- PromoterSaili Jayaram More
- PromoterSachin Chandrakant Badakh