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.

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”.