Asston Pharmaceuticals IPO vs Blue Water Logistics IPO

Comparison between Asston Pharmaceuticals IPO and Blue Water Logistics IPO.

IPO Details

Asston Pharmaceuticals IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Blue Water Logistics IPO is a SME Bookbuilding proposed to list at NSE SME.

	Asston Pharmaceuticals IPO	Blue Water Logistics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Sobhagya Capital Options Pvt.Ltd.	Smart Horizon Capital Advisors Pvt.Ltd.
Registrar	Maashitla Securities Pvt.Ltd.	Maashitla Securities Pvt.Ltd.
Market Maker	JSK Securities & Services Pvt.Ltd.	Shreni Shares Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Asston Pharmaceuticals IPO is up to ₹26.17 Cr whereas the issue size of the Blue Water Logistics IPO is up to ₹38.39 Cr. The final issue price of Asston Pharmaceuticals IPO is ₹123.00 per share and of Blue Water Logistics IPO is ₹135.00 per share.

	Asston Pharmaceuticals IPO	Blue Water Logistics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹115.00 per share	₹132.00 per share
Issue Price (Upper)	₹123.00 per share	₹135.00 per share
Issue Price (Final)	₹123.00 per share	₹135.00 per share
Discount (Retail)		₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	1000 shares
Fresh Issue Size	21,28,000 shares	28,44,000 shares
Fresh Issue Size (Amount)	up to ₹26.17 Cr	up to ₹38.39 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	21,28,000 shares	28,44,000 shares
Issue Size Total (Amount)	up to ₹26.17 Cr	up to ₹38.39 Cr

IPO Timetable

Asston Pharmaceuticals IPO opens on Jul 09, 2025, while Blue Water Logistics IPO opens on May 27, 2025. The closing date of Asston Pharmaceuticals IPO and Blue Water Logistics IPO is Jul 11, 2025, and May 29, 2025, respectively.

	Asston Pharmaceuticals IPO	Blue Water Logistics IPO
Anchor Bid Date	Jul 08, 2025	May 26, 2025
Issue Open	Jul 09, 2025	May 27, 2025
Issue Close	Jul 11, 2025	May 29, 2025
Basis Of Allotment (Tentative)	Jul 14, 2025	May 30, 2025
Initiation of Refunds (Tentative)	Jul 15, 2025	Jun 02, 2025
Credit of Share (Tentative)	Jul 15, 2025	Jun 02, 2025
Listing date (Tentative)	Jul 16, 2025	Jun 03, 2025
Anchor Lockin End date 1	Aug 13, 2025	Jun 29, 2025
Anchor Lockin End date 2	Oct 12, 2025	Aug 29, 2025

Financials & KPIs

Asston Pharmaceuticals IPO P/E ratio is 17.83, as compared to Blue Water Logistics IPO P/E ratio of 10.12.

Asston Pharmaceuticals IPO

Blue Water Logistics IPO

Financials

Asston Pharmaceuticals Limited Financial Information (Restated)

Asston Pharmaceuticals Limited's revenue increased by 62% and profit after tax (PAT) rose by 218% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	31 May 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	31.83	28.12	20.26	13.69
Total Income	6.21	25.61	15.84	7.19
Profit After Tax	1.32	4.33	1.36	1.06
EBITDA	1.93	6.16	2.55	1.52
Net Worth	12.04	10.72	6.39	1.99
Reserves and Surplus	5.77	4.45	5.61	1.29
Total Borrowing	7.83	7.26	6.82	5.25
Amount in ₹ Crore

Blue Water Logistics Limited Financial Information (Restated Consolidated)

Blue Water Logistics Limited's revenue increased by 41% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	76.34	42.12	29.28	38.80
Total Income	196.29	138.74	98.07	84.72
Profit After Tax	10.67	5.94	1.54	1.04
EBITDA	18.75	10.50	3.83	2.35
Net Worth	20.15	9.48	3.54
Reserves and Surplus	12.15	7.48	1.54
Total Borrowing	36.73	17.22	18.81
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

68.76

95.62

Promoter Shareholding (Post-Issue)

50.66

69.55

P/E Ratio

17.83

10.12

Market Cap

₹104.70 Cr.

₹148.50 Cr.

ROE

50.56%

72.02%

ROCE

51.25%

0.30

Debt/Equity

0.68

1.82

EPS

₹6.90

₹13.34

RoNW

40.36%

52.95%

Shares Offered

In the Asston Pharmaceuticals IPO Retail Individual Investors (RII) are offered 7,46,000 shares while in Blue Water Logistics IPO retail investors are offered 7,46,000 shares. Qualified Institutional Buyers (QIB) are offered 4,25,000 shares in Asston Pharmaceuticals IPO and 5,59,000 shares in Blue Water Logistics IPO.

	Asston Pharmaceuticals IPO	Blue Water Logistics IPO
Anchor Investor Reserveration	6,35,000 shares	8,35,000 shares
Market Maker Reserveration	1,13,000 shares	1,56,000 shares
QIB	4,25,000 shares	5,59,000 shares
NII	3,22,000 shares	4,40,000 shares
RII	7,46,000 shares	10,10,000 shares
Employee	0 shares	0 shares
Others
Total	21,28,000 shares	28,44,000 shares

Bids Received (Subscription)

Asston Pharmaceuticals IPO subscribed 186.55x in total, whereas Blue Water Logistics IPO subscribed 9.36x.

	Asston Pharmaceuticals IPO	Blue Water Logistics IPO
QIB (times)	85.76x	14.04x
NII (times)	353.14x	9.87x
Big NII (times)	424.47x
Small NII (times)	210.85x
RII (times)	172.06x	6.55x
Employee (times)
Other (times)
Total (times)	186.55x	9.36x

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