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News Details

( As on 04/07/2025 12:10)

Asston Pharma announces launch of initial public offering

Asston Pharmaceuticals Ltd. has announced public offering of 2241000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 113.00 per share. The gross proceeds of the issue are expected to be Rs 2,756.43 lakhs.

The company's initial public offer (IPO) will open on 09 July 2025 and is expected to close on 11 July 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 115.00-123.00 per share.

The IPO includes a fresh Issue of 2241000 Equity Shares of the Company at an price of Rs 123.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Asston Pharmaceuticals Ltd. anticipates using the proceeds of the issue for .

Sobhagya Capital Options Pvt. Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.