Anlon Healthcare Ltd.

AHCL

Equity

NSE,BSE

Min. Investment

86,000.00

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IPO Details

Bidding Dates

26 Aug 25 - 29 Aug 25

Price Range ₹

86 - 91

Total Equity

127.40Cr

Lot Size

164

Exchange Status

NSE,BSE

IPO Doc

Subscription Rate

Non-Institutional Investor

47.30×

Qualified Institutional Buyers

1.07×

Employees

0.00×

Retail Investors

47.30×

Total subscription Rate

7.13×

IPO Timeline

Offer start

26 Aug 2025

Offer end

29 Aug 2025

Allotment

01 Sept 2025

Refund initiation

02 Sept 2025

Demat transfer

02 Sept 2025

Listing

03 Sept 2025

About Company

Anlon Healthcare Limited, incorporated in 2013, is a pharmaceutical chemical manufacturer specializing in pharma intermediates and active pharmaceutical ingredients (APIs). The company produces high-purity intermediates (used in API production) and APIs (used in medicines, nutraceuticals, personal care, and animal health). Its products comply with major pharmacopeia standards including IP, BP, EP, JP, and USP. In addition to its standard portfolio, Anlon also offers custom manufacturing for complex chemicals, meeting stringent purity requirements tailored to customer needs. The company has received Drug Master File (DMF) approvals from international authorities like ANVISA, NMPA, and PMDA, and has filed 21 DMFs globally, with more in the pipeline for products like Ketoprofen and Dexketoprofen Trometamol. Its product portfolio covers 65 commercialized APIs, 28 in the pilot stage, and 49 in laboratory testing. Major offerings include Pharma Intermediates (Cyanoethylbenzoic acid, Ketonitrile, Methyldesloratadine) and APIs that are used across formulations such as tablets, capsules, ointments, syrups, nutraceuticals, veterinary medicines, and personal care products. The company employs 105 staff and 8 contract workers (as of Jan 31, 2025) and maintains rigorous quality assurance, in-house testing, and process improvement systems across four laboratories. With a 34-member technical team (24 science graduates), it ensures compliance with global standards.

Year Founded

19-11-2013

Promotor Details

Punitkumar R Rasadia

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage70.260
Share Capital280000000

Offer to Public

1,40,00,000.00 Cr

Highlights

  • 65 commercialized APIs, pipeline of 77 more (pilot + lab stage), ensuring future growth.
  • DMFs filed and approvals from ANVISA, NMPA, and PMDA give credibility in international markets.
  • Rising revenues, strong profit margins (EBITDA ~27%, PAT ~17%), and improving net worth.
  • Long customer approval cycles, strict compliance, and quality standards protect against new competitors.
  • Strong promoter background and robust quality assurance infrastructure.

Challenges

  • FY23 income (₹113.12 Cr) dropped sharply to ₹66.69 Cr in FY24, showing dependence on product cycles and orders.
  • Although improved, borrowings remain significant (₹62.39 Cr as of Jan 2025).
  • Heavy reliance on international approvals; delays or rejections could impact growth.
  • Business heavily tilted toward APIs and intermediates; limited diversification outside pharma.
  • Faces competition from established Indian and global API manufacturers with larger scale.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
202311,154.791,200.00582.00582.004.85
202412,800.071,600.002,051.792,051.795.1486
202518,129.993,985.15582.00582.004.85
20228,497.221,200.002,051.792,051.795.1486
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