Anlon Healthcare IPO Details

Bookbuilding IPO | ₹121 Cr | Listed at BSE, NSE | Tue, Aug 26, 2025 - Fri, Aug 29, 2025

Anlon Healthcare IPO Logo

Anlon Healthcare IPO is a book build issue of ₹121.03 crores. The issue is entirely a fresh issue of 1.33 crore shares of ₹121.03 crore.

Anlon Healthcare IPO bidding started from Aug 26, 2025 and ended on Aug 29, 2025. The allotment for Anlon Healthcare IPO was finalized on Sep 1, 2025. The shares got listed on BSE, NSE on Sep 3, 2025.

Anlon Healthcare IPO price band is set at ₹91 per share. The lot size for an application is 164. The minimum amount of investment required by an retail is ₹14,924 (164 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,296 shares), amounting to ₹2,08,936, and for bNII, it is 68 lots (11,152 shares), amounting to ₹10,14,832.

Interactive Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

Refer to Anlon Healthcare IPO RHP for detailed Information.

IPO Open

Tue, Aug 26, 2025

IPO Close

Fri, Aug 29, 2025

Issue Price

₹91 per share

Market Cap (Pre-IPO)

₹483.68 Cr

IPO Details

IPO Date26 to 29 Aug, 2025
Listed onWed, Sep 3, 2025
Face Value10 per share
Price Band₹86 to ₹91
Issue Price₹91 per share
Lot Size164 Shares
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtBSE, NSE

Total Issue Size1,33,00,000 shares
(agg. up to ₹121 Cr)
Fresh Issue 1,33,00,000 shares
(agg. up to ₹121 Cr)
Share Holding Pre Issue3,98,51,500 shares
Share Holding Post Issue5,31,51,500 shares
BSE Script Code / NSE Symbol544497 / AHCL
ISININE0Y8W01017

IPO Timetable

IPO Reservation

Anlon Healthcare IPO offers total 1,33,00,000 shares. Out of which 99,75,000 (75.00%) allocated to QIB, 19,95,000 (15.00%) allocated to NII 13,30,000 (10.00%) allocated to RII.

Investor Category Shares Offered Max Allottees
QIB Shares Offered 99,75,000 (75.00%)NA
NII (HNI) Shares Offered 19,95,000 (15.00%)NA
  − bNII > ₹10L 13,30,000 (10.00%)579
  − sNII < ₹10L 6,65,000 (5.00%)289
Retail Shares Offered 13,30,000 (10.00%)8,109
Total Shares Offered1,33,00,000 (100.00%)

IPO Lot Size

Investors can bid for a minimum of 164 shares and in multiples thereof. 

Application Lots Shares Amount
Retail (Min) 1 164 ₹14,924
Retail (Max) 13 2,132 ₹1,94,012
S-HNI (Min) 14 2,296 ₹2,08,936
S-HNI (Max) 67 10,988 ₹9,99,908
B-HNI (Min) 68 11,152 ₹10,14,832
IPO Subscription Details

About Anlon Healthcare Ltd.

Incorporated in 2013, Anlon Healthcare Limited is a chemical manufacturing company engaged in manufacturing of Pharma Intermediates and active pharmaceutical ingredients (APIs).

The company manufactures high-purity pharmaceutical intermediates (for API production) and active pharmaceutical ingredients (used in formulations for medicines, nutraceuticals, personal care, and animal health products).

The company offers pharmaceutical intermediates, APIs for medicines, nutraceuticals, personal care, and veterinary products, all manufactured following Indian and international pharmacopeia standards like IP, BP, EP, JP, and USP.

In addition to manufacturing Pharma Intermediates and APIs to global standards, the company now offers custom manufacturing for complex chemicals, exceeding purity standards and reducing impurities to meet specific customer needs.

The company has received Drug Master File (DMF) approval from ANVISA, NMPA, and PMDA for loxoprofen sodium dihydrate and loxoprofen acid APIs. The company has filed 21 DMFs with global authorities and is in the process of filing for Ketoprofen and Dexketoprofen Trometamol approvals.

The company ensures product quality through rigorous testing, analysis, and process improvements. Supported by four labs, the 34-member team, including 24 science graduates, ensures products meet customer and industry standards.

The company's product portfolio consists of sixty-five (65) commercialised products and twenty-eight (28) products at pilot stage and forty-nine (49) products at laboratory testing stage/ laboratory scale stage.

Products:

  • Pharma Intermediates:Cyanoethylbe nzoic acid, Ketonitrile and Methyldeslor atadine, these serve as a key starting material or as an advance intermediate for manufacturing of APIs.
  • Active Pharmaceutical Ingredients: The company’s APIs are key components in pharmaceutical products, delivering therapeutic effects. They are used in formulations like tablets, capsules, ointments, syrups, and in nutraceuticals, personal care, and veterinary products.

Competitive Strengths:

  • Strong product portfolio and scalable business.
  • Strong Promoters and Experienced Management Team.
  • High entry and exit barriers due to long customer approval cycles and strict product standards.
  • In-house Testing, Quality Control and Quality Assurance for quality control.
  • Focus on Quality, Environment, Health and Safety.

Company Financials (Restated)

Anlon Healthcare Ltd.'s revenue increased by 81% and profit after tax (PAT) rose by 112% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets181.30128.00111.55
Total Income120.4666.69113.12
Profit After Tax20.529.665.82
EBITDA32.3815.5712.66
NET Worth80.4221.037.37
Reserves and Surplus40.575.03-4.63
Total Borrowing58.3574.5666.39
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding capital expenditure requirements for Proposed Expansion 30.72
2 Full or part repayment and/or prepayment of certain outstanding secured borrowingssecured borrowing (term loan)availed by the Company 5.00
3 Funding the working capital requirements of the Company 43.15
4 General corporate purposes 27.03
Total 105.90

Key Performance Indicator (KPI)

Pre IPOPost IPO
EPS (₹)5.153.86
P/E (x)17.6723.57
Promoter Holding70.26%52.68%
Market Cap483.68 Cr.
Punitkumar R. rasadia, Meet Atulkumar Vachhani and Mamata punitkumar Rasadia are the promoters of the company.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Review

[Dilip Davda]
AHL is engaged in the manufacture and marketing of specialized APIs as per global standards. It claims to be the first one to manufacture Loxoprofen and related products. The company marked set back in its top line for FY24 following its registration process with Brazil. Based on its recent financial data, the IPO appears aggressively priced. Only well-informed/cash surplus investors may park moderate funds for long term.
Read detail review...

Anlon Healthcare IPO Recommendations

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Anlon Healthcare IPO Subscription Status (Bidding Detail)

The Anlon Healthcare IPO is subscribed 7.12 times on August 29, 2025 5:04:36 PM (Day 3). The public issue subscribed 47.26 times in the retail category, 1.07 times in the QIB category, and 10.61 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)Shares OfferedShares bid for
QIB (Ex Anchor)1.0799,75,0001,06,89,028
NII10.6119,95,0002,11,61,412
    bNII (bids above ₹10L)7.5613,30,0001,00,59,924
    sNII (bids below ₹10L)16.696,65,0001,11,01,488
Retail47.2613,30,0006,28,57,920
Total7.121,33,00,0009,47,08,360

Total Application : 3,34,669

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Fees payable to the BRLM and commissions (including underwriting commission, brokerage and selling commission) 7.85
2 Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Issue and fee payable to the Sponsor Bank for Bids made by RIBs. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDP 1.21
3 Advertising and marketing expenses 0.48
4 Fee payable to auditors, consultants and market research firms 0.85
5 Listing fees, SEBI, BSE and NSE processing fees, book building software fees and other regulatory expenses 2.41
6 Printing and distribution of stationary 0.59
7 Fees payable to Registrar to the Issue 0.59
8 Fees payable to Legal Counsel 0.71
9 Fees payable to Monitoring Agency 0.12
10 Miscellaneous 0.32

Listing Day Trading Information

Price DetailsBSENSE
Final Issue Price91.0091.00
Open91.0092.00
Low89.0090.78
High92.0092.50
Last Trade91.6691.73

Check IPO Performance…

IPO Registrar

Kfin Technologies Ltd.

Contact Details

Anlon Healthcare Ltd. Address
101/102, Silvercoin Complex,
Opp.Crystal Mall,
Kalawad Road,
Rajkot, Gujarat, 360005
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IPO FAQs

Anlon Healthcare IPO is a main-board IPO of 1,33,00,000 equity shares of the face value of ₹10 aggregating up to ₹121 Crores. The issue is priced at ₹91 per share. The minimum order quantity is 164.

The IPO opens on Tue, Aug 26, 2025, and closes on Fri, Aug 29, 2025.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Anlon Healthcare IPO using UPI as a payment gateway. Zerodha customers can apply in Anlon Healthcare IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Anlon Healthcare IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Anlon Healthcare IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Anlon Healthcare IPO opens on Tue, Aug 26, 2025 and closes on Fri, Aug 29, 2025.

Anlon Healthcare IPO lot size is 164, and the minimum amount required for application is ₹14,924.

You can apply in Anlon Healthcare IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Anlon Healthcare IPO will be done on Monday, September 1, 2025, and the allotted shares will be credited to your demat account by Tue, Sep 2, 2025. Check the Anlon Healthcare IPO allotment status.

The Anlon Healthcare IPO listing date is on Wed, Sep 3, 2025.

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