114  Total SME IPOs listed in 2025

5,174.44 Crs.  Total funds raised in 2025

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

114  Total SME IPOs listed in 2025

5,174.44 Crs.  Total funds raised in 2025

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

114  Total SME IPOs listed in 2025

5,174.44 Crs.  Total funds raised in 2025

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

114  Total SME IPOs listed in 2025

5174.44 Crs.  Total funds raised in 2,025.00

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

Asston Pharmaceuticals Limited IPO Analysis

Asston Pharmaceuticals IPO is a Book Building listing on BSE SME exchange, with an ipo size of ₹ 27.56 Cr. The company is based in Mumbai and caters to Pharmaceutical sector. Sobhagya Capital Options is the merchant banker of Asston Pharmaceuticals IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 16th January 2025.

Asston Pharmaceuticals IPO posted revenues of ₹ 37.08 Cr. and PAT of ₹ 7.92 Cr. in FY26 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 37.08 Cr.
            EBITDA: ₹ 11.64 Cr.
            PAT: ₹ 7.92 Cr.
  • EBITDA Margin: 31.39 %
            Pat Margin: 21.36 %
  • Net Worth: ₹ 12.04 Cr.
  • Market Capitalisation: ₹ 104.70 Cr.
  • P/E: 13.20 times
  • P/BV: 2.64 times
  • EV/EBITDA: 9.66 times
Nature of IPO : SME
Exchange : BSE SME
IPO Type : Book Building

Asston Pharmaceuticals IPO Financial Performance (Restated)

Financial results of Asston Pharmaceuticals IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials May-25 FY25 FY24 FY23
Balance Sheet
Assets 31.83 28.12 20.26 13.69
Net Worth 12.04 10.71 6.39 1.99
Total Debt 7.98 7.25 6.82 5.25
Profit & Loss
Revenue
Revenue on annualised basis
6.18
37.08
25.03 15.59 6.54
EBITDA
EBITDA on annualised basis
1.94
11.64
6.71 2.55 1.52
PAT
PAT on annualised basis
1.32
7.92
4.32 1.36 1.06
Financials
31-May-25
FY25
FY24
FY23
Balance Sheet
Assets
31.83
28.12
20.26
13.69

Net Worth
12.04
10.71
6.39
1.99

Total Debt
7.98
7.25
6.82
5.25

Profit & Loss
Revenue
Revenue on annualised basis
6.18
37.08
25.03
15.59
6.54

EBITDA
EBITDA on annualised basis
1.94
11.64
6.71
2.55
1.52

PAT
PAT on annualised basis
1.32
7.92
4.32
1.36
1.06

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Asston Pharmaceuticals IPO Key performance Indicators (KPI)

Asston Pharmaceuticals IPO PAT Margin is 21.36 % , ROCE (Return on Capital Employed) is 79.46 % as per latest financial. The below table shows Asston Pharmaceuticals IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars May-25 FY25 FY24 FY23
EBITDA Margin (%) 31.39 26.81 16.36 23.24
PAT Margin (%) 21.36 17.26 8.72 16.21
EPS (₹) 2.11 6.90 2.37 1.89
ROE (%) 10.96 40.34 21.28 53.27
ROCE (%) 79.46 51.25 34.29 56.08
ROA (%) 4.15 15.36 6.71 7.74
Debt to Equity 0.66 0.68 1.07 2.64
Particulars
31-May-25
FY25
FY24
FY23

EBITDA Margin (%)
31.39
26.81
16.36
23.24

PAT Margin (%)
21.36
17.26
8.72
16.21

EPS (₹)
2.11
6.90
2.37
1.89

ROE (%)
10.96
40.34
21.28
53.27

ROCE (%)
79.46
51.25
34.29
56.08

ROA (%)
4.15
15.36
6.71
7.74

Debt to Equity (x)  
0.66
0.68
1.07
2.64

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Asston Pharmaceuticals IPO Valuation Metrics

The market Capitalisation of Asston Pharmaceuticals IPO is ₹ 104.70 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
104.70

Enterprise Value (EV) (₹ Cr.):
112.47

EV/EBITDA (times) :
9.66

PE Multiple (times) :
13.20

P/B (times) :
2.64

NAV (₹) :
19.20

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Asston Pharmaceuticals prospectus?

The Asston Pharmaceuticals IPO prospectus highlights an Return on Equity (ROE) of 10.96 % , Return on Assets (ROA) of 4.15 %, and an EBITDA Margin of 31.39 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Asston Pharmaceuticals IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Asston Pharmaceuticals IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Asston Pharmaceuticals IPO ?

The post-IPO market capitalisation of Asston Pharmaceuticals IPO is ₹ 104.70 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Asston Pharmaceuticals IPO?

The Asston Pharmaceuticals IPO has a Price-to-Earnings (PE) ratio of 13.20 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Asston Pharmaceuticals IPO?

Asston Pharmaceuticals IPO reported revenue of ₹ 37.08 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Asston Pharmaceuticals IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Asston Pharmaceuticals IPO?

Asston Pharmaceuticals recorded an EBITDA of ₹ 11.64 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Asston Pharmaceuticals IPO?

Asston Pharmaceuticals Profit After Tax (PAT) is ₹ 7.92 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 37.08 Cr.
            EBITDA: ₹ 11.64 Cr.
            PAT: ₹ 7.92 Cr.
  • EBITDA Margin: 31.39 %
            Pat Margin: 21.36 %
  • Net Worth: ₹ 12.04 Cr.
  • Market Capitalisation: 104.70
  • P/E: 13.20 times
  • P/BV: 2.64 times
  • EV/EBITDA: 9.66

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Asston Pharmaceuticals operates in Pharmaceutical and Manufacturing And Export Of Both Pharmaceutical Formulations And Nutraceutical Products. The Issue is listed on BSE SME in Jul, 2025. Asston Pharmaceuticals IPO size was 27.56 with Issue price of 123.00 .

Asston Pharmaceuticals IPO subscription was 186.55 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Asston Pharmaceuticals IPO listed at a listing price of 119.00 against the offer price of 123.00.

The current market price of Asston Pharmaceuticals is 120.00.

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