
Astonea Labs Ltd plans to raise up to Rs. 37.67 crore from Public Issue; IPO opens on May 27
New Delhi [India], May 26: Haryana based pharmaceutical and cosmetic products manufacturer, Astonea Labs Ltd is planning to raise Rs. 37.67 crore from its SME public issue. The company has received approval to launch its public issue on BSE SME Platform. The public issue open for subscription on May 27 and closes on May 29. Oneview Corporate Advisors Private Limited is the lead manager of the issue.
Company plans to issue 27.90 lakh Equity shares of Rs. 10 face value at a price band of Rs. 128- Rs. 135 per share; Shares to list on BSE SME
Highlights:-
* Fresh Public issue of Rs. 37.67 crore opens for subscription from May 27 to May 29
* Minimum lot size for application is 1000 shares; Minimum IPO application amount at the higher side of this issue is Rs. 1.35 lakh
* Funds raised through the issue will be used for Expenses, Business & Capacity Expansion, Advertising & Marketing, Investment in procuring hardware and software and Funding Capital Expenditure
* For FY23-24 company reported revenue of Rs. 80.29 crore and Net Profit of Rs. 3.81 crore
* As on 31 March 2024, ROE at 37.86%, ROCE at 22.95% and RoNW at 31.83%.
* Oneview Corporate Advisors Private Limited is the lead manager of the issue.
The initial public offering of Rs. 37.67 crore comprises of a fresh issue of 27.90 lakh equity shares of face value Rs. 10 each with a price band of Rs. 128 to Rs. 135 per share. Out of the fresh issue of Rs. 37.67 crore, company plans to utilize Rs. 1.29 crore towards funding of expenses proposed to be incurred towards registration in Bolivia, South America while Rs. 5.2 crore will be used towards purchase and installation of plant and machineries for ointment production for the purpose of export in accordance with the international standards and protocols. Company also plans to utilize Rs 4.95 crore for advertising, marketing and brand building, Rs. 68 lakh for investment in procuring hardware and software and Rs. 19.75 crore for working capital requirements. Minimum lot size for the application is 1000 shares which translates in to minimum investment of Rs. 1.35 lakh per application on higher side of issue. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Incorporated in 2017, Astonea Labs Ltd. is engaged in contract manufacturing of pharmaceutical and cosmetic products for companies both within India and internationally. The company manufactures and markets a variety of pharmaceutical and cosmetic products, including antibiotics, anti-cold medicines, antihistamines, and treatments for diabetes, heart, gynecological issues, infections, and more.
The company offers skin, tooth, and hair care products in forms like gels, creams, and serums, and also trades packaging and raw materials for pharmaceutical and cosmetic industries, meeting industry standards. The company engages in contract manufacturing of pharmaceutical and cosmetic products, markets its own brands "Glow Up" and "Regero," plans to launch "Avicel," and exports to countries like Iraq and Yemen.
For FY23-24 ended March 2024, the company reported revenue of Rs80.29 crores in 2024 against Rs67.26 crore in 2023. The company reported profit of Rs3.81 crores in 2024 against profit of Rs0.67 crores in 2023, with a healthy EBITA margin of 14.60% and PAT margin of 4.75%. For the nine months ended December 2024, company reported total revenue of Rs. 69.55 crore and Net Profit of Rs. 4.10 crore. As on 31st March 2024, ROE of the company was at 37.86%, ROCE at 22.95% and RONW at 31.83%.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Deccan Herald
16 minutes ago
- Deccan Herald
Air India plane crash: Kin of 166 victims receive compensation
Over a month ago, Air India started releasing interim payments of Rs 25 lakh to the affected families, to help them meet their immediate financial needs.


India Today
16 minutes ago
- India Today
Air India releases Rs 25 lakh interim aid to families of 166 crash victims
Air India releases interim compensation of Rs 25 lakh to families of 166 victimsThis is a developing story. It will be updated.- Ends


News18
26 minutes ago
- News18
Himachal govt to auction securities worth Rs1,000 crore
Agency: PTI Shimla, Jul 26 (PTI) Reeling under an acute financial crunch, the Himachal Pradesh government has notified Government Stock (securities) of a 22-year tenure to raise Rs 1,000 crore, and the proceeds would be utilised for development programmes, officials said on Saturday. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, on July 29, 2025. Bids for the auction would be submitted in electronic format, on E-Kuber Core Banking Solution of the RBI, and the consent of the central government has been obtained for floating the loan as required by Article 293(3) of the Constitution. As per the notification, the securities will be of 22-year tenure commencing on July 30, 2025, and the loan will be repaid at par on July 30, 2047, and the interest will be paid on a half-yearly basis on January 30 and July 30 every year. The competitive bids will be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system, while the non-competitive bids will also be submitted electronically on the E-Kuber system. The result of the auction will be displayed by the RBI on its website on the same day, and the payment by successful bidders will be made on July 30, 2025, before the close of banking hours. The state government had been procuring loans through the sale of government securities in the past, and such loans were procured in 2020, 2023, 2024 and now in 2025 also. PTI BPL BAL BAL (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 26, 2025, 21:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.