211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9659.65 Crs.  Total funds raised in 2,025.00

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

Aptus Pharma IPO Review

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Aptus Pharma IPO Date
  • IPO Open Date:
    23 Sep 2025
  • IPO Close Date:
    25 Sep 2025
  • IPO Allotment Date:
    26 Sep 2025
  • Tentative Refund Date:
    29 Sep 2025
  • IPO Listing:
    30 Sep 2025
Check Aptus Pharma IPO GMP

Aptus Pharma IPO Overview

Sector Update

Aptus Pharma caters to the Pharmaceutical sector, the Indian pharmaceutical industry logged a compound annual growth rate (CAGR) of 6- 8%, primarily driven by an 8% increase in exports and a 6% rise in the domestic market. Exports of drugs and pharmaceuticals recorded a strong y-o-y growth of 9.7% during April-March FY24.

Growth drivers

India has emerged as the medial tourism hub of the world providing cost-effective treatments with the latest technology enabled by several pathbreaking reforms and provisions in healthcare sector. Indian pharmaceutical industry is known for its generic medicines and low-cost vaccines globally. Indian drugs are exported to more than 200 countries in the world, with the US as the key market.

Financial Update:
(comparison of FY24 FY25 )
Revenue ₹17.85 cr ₹24.55 cr (+37.54%)
PAT ₹0.79 cr ₹3.09 cr (+291.14%)
PAT Margin 4.43 % 12.59 % (+184.20%)
EBITDA ₹1.49 cr ₹4.75 cr (+218.79%)
EBITDA Margin 8.35 % 19.35 % (+131.74%)
ROE 44.63 % 44.40 % (-0.52%)
ROCE 21.70 % 45.66 % (+110.41%)
D/E 3.00 1.49 (-50.33%)
Business Diversification

The product portfolio is structured across four distinct divisions to ensure focused marketing and efficient coverage of therapeutic segments: Aptus Pharma (Pioneer Division), Aptus CD Care (Cardiac Diabetic Division), Aptus Wellcare (Wellcare Division) and Aptus Global (Export Division). As on March 31, 2025, the product basket comprises of 194 pharmaceutical formulations in more than eleven (11) therapeutic segments. The company has established presence across two states in India—Gujarat and West Bengal.

IPO Valuation

PE Ratio: 15.49x Average Sector PE Ratio: 20.39x

Aptus Pharma IPO Reservation

Aptus Pharma IPO Share Allocation
QIB Shares Offered: 880000
- Anchor Investor Shares Offered: 528000
− QIB (Ex. Anchor) Shares Offered : 352000
NII (HNI) Shares Offered: 266000
- bNII > ₹10L: 178000
- sNII < ₹10L: 88000
Retail Shares Offered: 620000
Total Shares Offered: 1766000
Aptus Pharma IPO Lot Size
Application Lot Shares Amount
Individual investors (Retail) (Max) 2 4000 ₹280000
S-HNI (Min) 3 6000 ₹420000
S-HNI (Max) 7 14000 ₹980000
B-HNI (Min) 8 16000 ₹1120000

Interesting facts about IPO

IPO Size: ₹ 13.02 Cr.

Avg IPO Size (Sector Based):

₹ 21.71 cr.


SME IPO so far in this sector:

42

Merchant Banker: Interactive Financial

SME IPO by BRLM so far:

25


SME IPO so far in this city:

189

PE Ratio: 15.49

Average Sector PE Ratio:

20.39 X

Price Band (Upper): ₹ 70.00

Listing Price:

₹ 80.80

Business Profile

Aptus Pharma is engaged in the business of marketing, and distribution of finished pharmaceutical formulations. While the Company does not own any manufacturing facilities, it operates through a contract manufacturing model. They do not own any manufacturing plants but has entered into contract manufacturing agreement with seven manufacturing units. under various arrangements. Of these, they have formal loan and license agreements in place with two manufacturing units. The remaining production is carried out through informal arrangements with Other manufacturers, based on purchase orders (PO). They provide a diverse range of pharmaceutical products catering to various therapeutic categories including anti-infectives, gastrointestinal, antacids, anti-allergic and respiratory, nutritional supplements, pain management, neuro-psychiatric, cardiovascular, anti-diabetic, lipidlowering, and general wellness products. These are offered across a variety of dosage forms, such as tablets, capsules, softgels, syrups, suspensions, injections, ointments, creams, balms, drops, lotions, vials, powders, gels, and sachets.

Strengths and Challenges as per DRHP

Strengths Image

Diversified Product Portfolio

Robust and Responsive Distribution Network

Strategic Manufacturing Alliance

Competitive and Cost-Effective Pricing

Strengths Image
WEAKNESSES Image

Exposed to regulatory permits and approvals

 

Strengths Image
S
W

Comparison of Aptus Pharma IPO with some Listed peers/Listing Gains in the Similar sector

Select Listed IPO for Comparison:
Basis
Aptus Pharma IPO
vs
vs
vs

IPO Date
30th Sep 2025


IPO Size
₹ 13.02 Cr.

Total Assets
₹ 21.91 Cr.

Revenue
₹ 24.55 Cr.

PAT
₹ 3.09 Cr.

PAT Margin
12.59 %

Leverage Ratio
1.49 x

PE Multiple
15.49 x

EV/EBITDA
11.19 x

Notes:
1) All the above data is at the time of IPO
2) Revenue and Pat is taken on annualised basis

Aptus Pharma IPO Objectives (Objects of Offer) and expected Utilisation

Capital Expenditure for Office Premises with furniture and Industrial Racks
1

Working Capital
8

General corporate purposes
[●]

Track Record of (Merchant Banker)/merchant Banker Report

Interactive Financial Services Limited, based in Ahmedabad is the Lead Manager (BRLM) of Aptus Pharma IPO. Interactive Financial Services Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Interactive Financial Services Limited .

Read more details of this IPO

Peer Companies Of This Sector

FAQs

Aptus Pharma IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Aptus Pharma Financial Review Page

Aptus Pharma IPO subscription was 22.27 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Aptus Pharma IPO listed at a listing price of 80.80 against the offer price of 70.00.

The current market price of Aptus Pharma is 88.32.

Services

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