Asston Pharma SME IPO booked over 32 times on Day 3. Check GMP and other details
(You can now subscribe to our
(You can now subscribe to our ETMarkets WhatsApp channel
The IPO of Asston Pharmaceuticals, a fast-growing exporter of healthcare and pharmaceutical products, has garnered strong investor interest across all categories, with the issue subscribed a massive 32.13 times ahead of its closing on July 11, 2025.Retail investors led the surge, subscribing 37.58 times their allotted quota, followed by high-net-worth individuals (HNIs) at 51.40 times. Qualified institutional buyers (QIBs) also showed strong interest, subscribing 7.98 times — underscoring broad-based confidence in the company's growth trajectory and global expansion plans.The book-built issue is priced in the range of Rs 115 to Rs 123 per share, with a fixed lot size of 1,000 shares. At the upper end of the price band, the IPO aims to raise Rs 27.56 crore entirely through a fresh issue of 22.41 lakh equity shares.The IPO has generated moderate interest in the grey market, where it is commanding a premium of Rs 30 over the upper issue price of Rs 123 — implying a 24% grey market premium (GMP). The stock is scheduled to list on the BSE SME platform on July 16.Retail investors are required to apply for a minimum of 2,000 shares.Sobhagya Capital Options is the lead manager to the issue, Maashitla Securities is acting as the registrar, and JSK Securities and Services will serve as the market maker.Founded in 2019, Asston Pharmaceuticals specializes in the formulation and export of a wide range of pharmaceutical products, including tablets, capsules, syrups, and sachets.The company operates across multiple therapeutic categories such as antibiotics, antifungals, analgesics, and nutritional supplements. Its manufacturing facilities are FDA-certified and adhere to stringent quality management protocols.The IPO proceeds will be used to fund capital expenditure for machinery acquisition (Rs 6 crore), meet incremental working capital requirements (Rs 13 crore), partially repay borrowings (Rs 1 crore), and cover general corporate expenses.Financially, the company has shown strong momentum. For the year ended March 2025, Asston posted a 62% rise in revenue and a 218% surge in profit after tax compared to the previous fiscal.The company reported a PAT of Rs 4.33 crore on revenue of Rs 25.61 crore.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
24 minutes ago
- Mint
Kotak Mahindra, Bharti Airtel, Dabur among key stocks to trade ex-dividend today
Dividend Stocks: Kotak Mahindra, Bharti Airtel, Dabur among key stocks to trade ex-dividend today These firms, along with many others, had decided that July 18, 2025, would be the record date for evaluating the list of eligible shareholders to receive dividends. To be included on the list of eligible shareholders to receive dividends under the T+1 settlement method, investors who wanted dividends had to purchase them at least one day before the record date. Kotak Mahindra Bank—Kotak Mahindra Bank had recommended a dividend of Rs. 2.50 per equity share with a face value of Rs. 5/- for the fiscal year ending March 31, 2025. The dividend is subject to approval by members at the upcoming Annual General Meeting. Bharti Airtel—Bharti's Board of Directors suggested a final dividend of Rs. 16/- per fully paid-up equity share and Rs. 4/- for every partly paid-up equity share for the fiscal year 2024-25, which must be approved by members at the 30th Annual General Meeting. Dabur India Ltd—On May 7, 2025, the Board of Directors of the Company proposed a Final Dividend of Rs. 5.25 per share (525%) for the fiscal year 2024-25. Blue Star Ltd., or BLUESTARCO, will trade ex dividend, as it had declared a final dividend of Rs. -9.00 per equity share Afcons Infrastructure Ltd, or AFCONS had declared a final dividend of ₹ - 2.5000 Bajaj Electricals Ltd, or BAJAJELEC had declared final Dividend of ₹ 3.00 per share Birlasoft Ltd, or BSOFT had declared final dividend of Rs. 4.00 Cummins India Ltd., or CUMMINSIND had declared final Dividend of Rs. 33.50 per equity share Dhanuka Agritech Ltd had declared a final dividend of Rs. 2.00 per share Exide Industries Ltd. (EXIDEIND) had declared a final dividend of Rs. - 2.00 per share Intellect Design Arena Ltd., or INTELLECT, had declared a final dividend of ₹ 4 per share and a special dividend of ₹ -3.00 per share. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
24 minutes ago
- Economic Times
HDFC AMC shares in focus after strong Q1 results. Should you invest?
Shares of HDFC Asset Management Company (AMC) will be in focus on Friday after the firm reported a 24% year-on-year rise in profit after tax to Rs 748 crore for the quarter ended June 2025. In the same quarter last year, the company had reported a PAT of Rs 604 crore. ADVERTISEMENT Revenue from operations rose 25% to Rs 968 crore from Rs 775.2 crore a year ago, according to the company's filing with the stock exchanges. The average assets under management (AAUM) for the quarter stood at Rs 8.3 lakh crore, up from Rs 6.71 lakh crore in the corresponding quarter of the previous fiscal. Motilal Oswal has maintained a Buy rating on HDFC AMC with a target price of Rs 6, brokerage noted that revenue at Rs 970 crore was up 25% YoY and 7% QoQ, in line with estimates. EBITDA rose 30% YoY to Rs 770 crore, with margins expanding to 80% from 77% a year ago. ADVERTISEMENT PAT stood at Rs 750 crore, up 24% YoY and 17% QoQ, beating estimates by 9.5%. Other income also contributed positively to the bottom line. The company has also applied to Sebi to launch Specialised Investment Funds (SIFs). Motilal Oswal raised its EPS estimates for FY26 and FY27 by 3% each. ADVERTISEMENT Nuvama has retained its Buy rating and raised the target price from Rs 5,840 to Rs 6,530, citing strong fund flows, a positive market outlook, and robust execution. The brokerage revised its FY26, FY27, and FY28 NOPLAT estimates upward by 6.7%, 7.1%, and 5.5%, noted that HDFC AMC continues to outperform on flow share relative to AUM share. The stock is now valued at 47.5x FY26E and 41.6x FY27E price-to-earnings. ADVERTISEMENT Antique has also maintained a Buy rating with a target price of Rs 6, pointed out a yield surprise despite rising AUM and credited the company's consistent delivery, high equity mix, and strong brand positioning for supporting premium valuations. ADVERTISEMENT The brokerage expects an 18% CAGR in AAUM and a 16–17% CAGR in PAT over FY25–28. It also estimates that PAT for FY26–28 could be around 10% ahead of consensus. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
24 minutes ago
- Economic Times
Bank stocks drag Sensex 100 pts lower, Nifty below 25,100
Live Events Expert Views Global Markets FII/DII Tracker (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Indian benchmark equity indices Sensex and Nifty opened marginally lower on Friday, weighed down by losses in Axis Bank Bharti Airtel , and Kotak Bank . This came even as global cues remained positive, with better-than-expected U.S. labour and retail sales data easing some concerns over economic around 9:20 am, the BSE Sensex was down 100 points, or 0.12%, at 82,159, while the Nifty50 slipped 24 points, or 0.10%, to trade at 25, stocks rose on Friday, with MSCI's broadest index of Asia-Pacific shares outside Japan gaining 0.7%, following record closing highs in the S&P 500 and Nasdaq Thursday, data showed that U.S. retail sales rebounded in June after two months of decline, while jobless claims came in lower than expected. The data signalled resilience in the U.S. economy and lifted investor sentiment Sensex constituents, Axis Bank, Bharti Airtel, Kotak Mahindra Bank Eternal , and Sun Pharma opened in the red, while M&M, Tata Steel Power Grid , L&T, and Infosys saw early Bank shares fell 6.4% at the open after the private lender reported a 4% year-on-year decline in standalone net profit to Rs 5,806 crore for Q1FY26, compared to Rs 6,035 crore in the same quarter last the sectoral front, Nifty Financial Services, FMCG, Pharma, and Private Bank indices declined between 0.2% and 1.1%. In the broader markets, the Nifty Midcap 100 edged up 0.1%, while the Nifty Smallcap 100 posted marginal gains."In July, so far, India has been underperforming most markets, with a dip of 1.6% in Nifty. A significant contributor to the decline is the selling by FIIs. There is a clear pattern in FII activity this year so far. They were sellers in the first three months. For the next three months, they turned buyers. And in the seventh month, the trends so far indicate further selling unless some positive news reverse the downtrend in the market," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited."Along with selling in the cash market FIIs have been increasing short positions in the derivatives market too, which reflect a bearish outlook. Elevated valuations in India and cheaper valuations in other markets will continue to influence FII activity," Vijayakumar Tapse, Senior VP (Research) at Mehta Equities, said, "Technically, Nifty remains bullish above 25,470, with support at 25,000 and resistance at 26,000; options data suggests a 24,500–26,500 range."Asian shares tracked Wall Street higher on Friday as still-strong U.S. economic data and robust corporate earnings offset tariff worries, while the yen headed toward a second successive week of loss ahead of Japan's upper house the S&P 500 and the Nasdaq again closed at record highs as U.S. data, including retail sales and jobless claims, beat forecasts, indicating a modest improvement in the economy that should give the Federal Reserve time to gauge the inflation impact from higher U.S. Friday, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8% to its highest since late 2021, bringing the weekly gain to 1.7%. Chinese blue-chips rose 0.3% while Hong Kong's Hang Seng index gained 1.2%.Foreign Institutional Investors (FIIs) remained net sellers for the second consecutive session on July 17, offloading equities worth Rs 3,694 crore. Meanwhile, Domestic Institutional Investors (DIIs) continued their buying spree for the ninth straight session, purchasing equities worth Rs 2,820 crore.
