Astonea Labs Ltd. IPO

Our Company specializes in the manufacturing and marketing of a wide range of pharmaceutical and cosmetic products. These include antibiotic drugs, anticold medications, antihistamines, and drugs for diabetes, cardiovascular diseases, gynaecological concerns, analgesics, fungal infections, and ... multivitamins. We also offer products for skin, tooth, and hair care, available in various forms such as gels, ointments, creams, lotions, oils, and serums. All our products adhere to the rigorous standards of the pharmaceutical and cosmetics industries. Additionally, we are involved in the trading of certain packing materials and raw materials used in pharmaceutical and cosmetic products. We are engaged in contract manufacturing of pharmaceutical and cosmetic products for companies both within India and internationally. In addition to contract manufacturing, we manufacture and market our own products under the brands "Glow Up" and "Regero" in the domestic market, wherein the products under Glow Up are also available through e-commerce platforms like Amazon and Tata 1MG. Further, our Company is planning to launch a new line of skincare products under the brand name "Avicel" in the domestic market. We also export our products directly to countries such as Iraq and Yemen and to further advance our export business directly, we have recently undergone an audit by the USFDA for OTC products and have submitted the compliance report. The milestone of USFDA for OTC products is significant as it positions us to expand our presence in the United States market and several other countries. Read more

Our Company was originally incorporated as a private limited company in the name of “AHU Laboratories Private Limited” on April 11, 2017, pursuant to the provisions of the Companies Act, 2013, and was granted a certificate of incorporation dated April 11, 2017, by the Deputy Registrar ... of Companies, Chandigarh. Further, the name of the company was changed from “AHU Laboratories Private Limited” to “Astonea Labs Private Limited” pursuant to a special resolution passed in the EGM of our members held on February 14, 2019. A fresh certificate of incorporation dated February 26, 2019, was issued by the Registrar of Companies, Chandigarh to our Company bearing Corporation Identification Number “U24304CH2017PTC041482”. Our Company was converted from a private limited company to a public limited company, pursuant to a special resolution passed in the EGM of our members held on January 02, 2024, and consequently, the name of our Company was changed to “Astonea Labs Limited” by deletion of the word ‘private’. A fresh certificate of incorporation consequent upon conversion from a private company to a public company dated January 11, 2024, was issued by the Registrar of Companies, Chandigarh to our Company bearing Corporate Identification Number “U24304CH2017PLC041482”.

India is the largest provider of generic drugs globally and is known for its affordable vaccines and generic medications. The Indian Pharmaceutical industry is currently ranked third in pharmaceutical production by volume after evolving over time into a thriving industry growing at a CAGR of ... 9.43% since the past nine years. Generic drugs, over-the-counter medications, bulk drugs, vaccines, contract research & manufacturing, biosimilars, and biologics are some of the major segments of the Indian pharma industry. India has highest number of pharmaceutical manufacturing facilities that comply with the US Food and Drug Administration (USFDA) and has 500 API producers that make for around 8% of the worldwide API market. The Indian cosmetics sector is currently going through a phase of tremendous expansion. The market for cosmetics in India was estimated to be worth US$ 11.6 billion in 2017 and is projected to expand at a CAGR of 15-20% from 2017 to 2025. The Indian cosmetics sector is expanding for a variety of reasons. The rise of the cosmetic sector has been fuelled by rising purchasing power, rising image consciousness among Indians, and the embrace of Western culture and lifestyle. Since ancient times, India has had an extensive record and a rich tradition of cosmetics. It is currently a thriving sector, and in the upcoming years, it is anticipated to surpass all other countries in terms of cosmetic consumption. Read more