Aptus Pharma IPO Details

Bookbuilding IPO | ₹13 Cr | Listed at BSE SME | Tue, Sep 23, 2025 - Thu, Sep 25, 2025

Aptus Pharma IPO Logo

Aptus Pharma IPO is a book build issue of ₹13.02 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹13.02 crore.

Aptus Pharma IPO bidding started from Sep 23, 2025 and ended on Sep 25, 2025. The allotment for Aptus Pharma IPO was finalized on Sep 26, 2025. The shares got listed on BSE SME on Sep 30, 2025.

Aptus Pharma IPO price band is set at ₹70 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,80,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹4,20,000.

Interactive Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Market-Hub Stock Broking Pvt.Ltd..

Refer to Aptus Pharma IPO RHP for detailed Information.

IPO Open

Tue, Sep 23, 2025

IPO Close

Thu, Sep 25, 2025

Issue Price

₹70 per share

Market Cap (Pre-IPO)

₹48.02 Cr

IPO Details

IPO Date23 to 25 Sep, 2025
Listed onTue, Sep 30, 2025
Face Value10 per share
Price Band₹65 to ₹70
Issue Price₹70 per share
Lot Size2,000 Shares
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtBSE SME

Total Issue Size18,60,000 shares
(agg. up to ₹13 Cr)
Reserved for Market Maker
94,000 shares
(agg. up to ₹0.6580 Cr)
Market-Hub Stock Broking Pvt.Ltd.
Fresh Issue
(Ex Market Maker)
17,66,000 shares
(agg. up to ₹12 Cr)
Net Offered to Public17,66,000 shares
(agg. up to ₹12 Cr)
Share Holding Pre Issue50,00,000 shares
Share Holding Post Issue68,60,000 shares
BSE Script Code 544529
ISININE15XJ01010

IPO Timetable

Issue Reservation

Aptus Pharma IPO comprises a total issue size of 18,60,000 shares. The net offer to the public is 17,66,000 shares, after excluding 94,000 shares allotted on a firm basis. Of the Net offer 8,80,000 (49.83%) are allocated to QIB, 2,66,000 (15.06%) allocated to NII 6,20,000 (35.11%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
QIB Shares Offered 8,80,00049.83%47.31%
  − Anchor Investor Shares Offered 5,28,00028.39%
  − QIB (Ex. Anchor) Shares Offered 3,52,00018.92%
NII (HNI) Shares Offered 2,66,00015.06%14.30%
  − bNII > ₹10L 1,78,0009.57%
  − sNII < ₹10L 88,0004.73%
Retail Shares Offered 6,20,00035.11%33.33%
Firm Reservations
Market Maker Shares Offered 94,0005.05%
Total Shares Offered 18,60,000100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof. 

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 4,000 ₹2,80,000
Individual investors (Retail) (Max) 2 4,000 ₹2,80,000
S-HNI (Min) 3 6,000 ₹4,20,000
S-HNI (Max) 7 14,000 ₹9,80,000
B-HNI (Min) 8 16,000 ₹11,20,000
IPO Subscription Details

IPO Anchor Investors

Aptus Pharma IPO raises ₹3.70 crore from anchor investors. Aptus Pharma IPO Anchor bid date is September 22, 2025.
📝 Anchor Investors Letter (PDF)

Bid DateMon, Sep 22, 2025
Shares Offered5,28,000
Anchor Portion (₹ Cr.)3.70
Anchor lock-in period end date for 50% shares (30 Days)Sun, Oct 26, 2025
Anchor lock-in period end date for remaining shares (90 Days)Thu, Dec 25, 2025

About Aptus Pharma Ltd.

Incorporated in 2010, Aptus Pharma Ltd is engaged in the business of marketing, and distribution of finished pharmaceutical formulations

The company manufactures and distributors of a broad range of pharmaceutical formulations covering multiple therapeutic areas: antacids & PPIs, pain management, anti-inflammatories, antibiotics, cardiology & antidiabetics, neuropsychiatry, dental, injectable parenterals, syrups, nutraceuticals, sachets, and more.

Products:

  • Aptus Pharma: Focuses on acute therapies i.e, anti-infectives, pain management, etc.
  • Aptus CD care: Focused on chronic therapies
  • Aptus Wellcare: Offers wellness and nutraceutical products
  • Aptus Global: Export in overseas market

As of March 31, 2025, the company has 194 pharmaceutical formulations in more than eleven therapeutic segments.

Its warehouse is located over 15,732 sq. Feet and 1989 sq. feet in Ahmedabad, Gujarat. Its distribution model includes 125 direct and sub distributors and a sales team of 54 field personnel.

As of March 31, 2025, the company had 70 employees.

Competitive Strengths

  • Diversified product portfolio
  • Robust distribution network
  • Strategic manufacturing alliances across Gujarat, Uttarakhand and Himachal Pradesh
  • Competitive and cost-effective pricing
  • Experienced management team

Company Financials (Restated)

Aptus Pharma Ltd.'s revenue increased by 38% and profit after tax (PAT) rose by 288% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets21.9210.036.22
Total Income24.6417.8813.90
Profit After Tax3.100.800.19
EBITDA4.761.490.57
NET Worth6.971.770.97
Reserves and Surplus1.971.470.67
Total Borrowing10.365.312.21
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 Capital Expenditure for Office Premises with furniture and Industrial Racks 1.63
2 Working Capital 8.00
3 General corporate purposes 1.91

Key Performance Indicator (KPI)

Pre IPOPost IPO
EPS (₹)6.204.52
P/E (x)11.2915.49
Promoter Holding100%72.89%
Market Cap48.02 Cr.
The company promoters are Tejash Maheshchandra Hathi, Chatrabhuj Vallabhbhai Butani, Kapilbhai Hasmukhbhai Chandarana, Ghanshyam Vinubhai Pansuriya, Milly Chetan Lalseta, Riddhish Natwarlal Tanna, Gaurang Rameshchandra Thakker, Kripaliben Mayank Thakker And Kunjal Piyushbhai Unadkat
  • 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]
APL is engaged in the business of marketing and distribution of finished pharma formulations. It does not have its own manufacturing unit, but does the business on third party contract. The company posted growth in its top and bottom lines for the reported period, however, sudden boost in bottom line for FY25 raise eyebrows and concern over its sustainability. Based on its recent financial data, the issue appears aggressively priced. Small paid-up equity capital post-IPO indicates longer gestation period for migration. Only well-informed/risk seekers/cash surplus investors may park moderate funds for long term
Read detail review...

Aptus Pharma IPO Recommendations

Review BySubscribeMay ApplyNeutralAvoid
Brokers0000
Members0000

Aptus Pharma IPO Subscription Status (Bidding Detail)

The Aptus Pharma IPO is subscribed 22.27 times on September 25, 2025 5:04:42 PM (Day 3). The public issue subscribed 31.43 times in the individual investors category, 1.24 times in the QIB category, and 28.75 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category Subscription (times) Shares Offered Shares bid for Total Application
QIB (Ex Anchor)1.243,52,0004,36,0000
NII*28.752,66,00076,48,0000
    bNII (bids above ₹10L)30.641,78,00054,54,000
    sNII (bids below ₹10L)24.9388,00021,94,000
Individual Investors31.436,20,0001,94,88,0000
Total22.2712,38,0002,75,72,0005,590

Total Application : 5,590

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Lead Manager Fees including Underwriting Commission 0.93
2 Brokerage, selling commission and Marketing 0.21
3 Registrar to the Issue 0.01
4 Legal Advisors 0.02
5 Advertising and marketing expenses 0.07
6 Regulators including stock exchanges 0.08
7 Printing and distribution of issue stationary 0.04
8 Others (Market Making fees etc.) 0.12

Listing Day Trading Information

Price DetailsBSE SME
Final Issue Price70.00
Open80.80
Low80.80
High84.84
Last Trade84.84

Check IPO Performance…

IPO Registrar

Bigshare Services Pvt.Ltd.

Contact Details

Aptus Pharma Ltd. Address
Ashutosh Buildcon, Opp. Slok - 2,
Nr. Harikrupa Logistic Park,
Aslali, Ahmedabad, Daskroi,
Ahmedabad, Gujarat, 382427
Open an Instant Account with Zerodha

IPO FAQs

Aptus Pharma IPO is a SME IPO of 18,60,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.

The IPO opens on Tue, Sep 23, 2025, and closes on Thu, Sep 25, 2025.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

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

Steps to apply in Aptus Pharma 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 'Aptus Pharma 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 Aptus Pharma IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025.

Aptus Pharma IPO lot size is 2000, and the minimum amount required for application is ₹2,80,000, with 2 lots being the minimum application size.

You can apply in Aptus Pharma 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 Aptus Pharma IPO will be done on Friday, September 26, 2025, and the allotted shares will be credited to your demat account by Mon, Sep 29, 2025. Check the Aptus Pharma IPO allotment status.

The Aptus Pharma IPO listing date is on Tue, Sep 30, 2025.

Compare: