Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Capital expenditure for the proposed expansion
Funding the expansion of manufacturing capacity at the existing facility, which adds a further 700 tonnes per annum on top of the current 400 tonnes per annum.
Repayment of borrowings
Repaying or prepaying, in full or in part, certain of the company's outstanding secured term loan borrowings.
Funding working capital requirements
Meeting the incremental working capital needs of the business as production volumes rise.
Inorganic acquisitions and general corporate purposes
The balance of the net proceeds is earmarked for as yet unidentified inorganic acquisitions together with general corporate purposes, at the discretion of the board.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
Anlon Healthcare Limited is a Rajkot based chemical manufacturer that makes active pharmaceutical ingredients, pharmaceutical intermediates and nutraceutical compounds. Incorporated in 2013, it began commercial manufacturing in 2017 and supplies drug makers in India while also exporting to a number of overseas markets. Its output is made to the standards of the major pharmacopoeias, including the Indian, British, European, Japanese and United States compendia. The company runs a single manufacturing facility in Gujarat, certified to ISO 9001:2015 as well as GMP and WHO-GMP standards, with in house testing laboratories that handle quality control across the process. Its catalogue spans roughly 65 products already in commercial production, alongside a development pipeline of about 28 products at pilot scale and 49 at laboratory scale. It has filed 21 drug master files with regulators in various countries, and holds approvals from Brazil's ANVISA, China's NMPA and Japan's PMDA for its loxoprofen sodium dihydrate and loxoprofen acid ingredients. The promoters are Punitkumar R. Rasadia, Meet Atulkumar Vachhani and Mamata Punitkumar Rasadia. Revenue was about Rs 120 crore in FY2025, up from roughly Rs 67 crore in FY2024, while profit after tax roughly doubled to about Rs 21 crore. Growth rests on adding capacity at the existing plant and on converting the pilot and laboratory pipeline into commercial products, in a business where regulatory approvals and customer qualification cycles act as the main barriers to entry.
No anchor investors added yet.
Source: RHP • Analysis provided for informational purposes
Last Updated: 13 July 2026, 5:30 AM
Broad product range with room to scale
The company already sells around 65 commercial products and holds a pipeline of roughly 77 more at pilot and laboratory stage. A wide catalogue spreads demand across customers and gives it headroom to grow volumes without starting from scratch.
Regulatory approvals act as a moat
Its ingredients carry clearances from Brazilian, Chinese and Japanese regulators, and it has filed 21 drug master files. Winning these approvals takes years, so they are a genuine barrier against new entrants.
Quality control kept in house
Testing laboratories sit inside the plant rather than being outsourced, which lets the company hold consistent quality across batches and respond faster when a customer or regulator raises a query.
Experienced promoter group
The founding promoters have run the business since incorporation in 2013 and took it from a standing start to commercial production, supported by a management team familiar with pharmaceutical manufacturing.
Strong recent profitability
Profit after tax roughly doubled in FY2025 while margins expanded, and the balance sheet strengthened as net worth grew several times over across the three reported years.
Everything runs on one plant
All manufacturing happens at a single site in Rajkot, Gujarat. A fire, regulatory shutdown, environmental action or extended breakdown there would stop essentially all revenue with nowhere to shift production.
Customer concentration
A large share of sales comes from a small number of pharmaceutical customers. Losing one of them, or a change in their sourcing, would leave a visible hole in revenue.
Supplier concentration in one region
Raw material sourcing leans heavily on suppliers in western India, so a regional disruption or a squeeze in input availability would feed straight into production.
Anlon Healthcare Limited
101/102, Silver Coin Complex, Opp. Crystal Mall, Kalawad Road, Rajkot, Gujarat 360005
View on Maps →KFin Technologies Limited
No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.
Regulatory approvals can slip
Products cannot be sold into a market until the relevant authority clears them. Delays in approvals or in renewing existing ones would push out revenue the company is counting on.
Limited track record in complex chemistry
The company has comparatively little experience manufacturing the more complex pharmaceutical intermediates it is moving toward, and execution there is harder than in its established products.
Volatile revenue history
Revenue fell sharply in FY2024 before rebounding in FY2025, so the growth record is uneven rather than steadily compounding, and a single year's swing can change the picture.