Avience Biomedicals Ltd. IPO

Incorporated in June 2024, Avience Biomedicals Limited is an ISO certified company specializing in manufacturing, supplying, and exporting molecular diagnostic solutions, focusing on biotechnology, genomics, and the IVD industry.

Avience Biomedicals Limited has expanded its product range from IVD rapid test kits to a comprehensive line of medical devices, including serology products and biochemistry analyzers. This demonstrates a commitment to diverse healthcare needs, focusing exclusively on the B2B and B2G markets.

The company’s products cater to Pathology Labs, Microbiology Labs, Hospitals, and Research Centers nationwide as well as overseas.

In addition to manufacturing, the Company also act as distributors and traders of medical equipment.

The company’s manufacturing unit is situated in Noida, Uttar Pradesh.

The company offers a comprehensive range of diagnostic solutions, including:

  • Rapid Test Kits: Products like AVISURE Dengue Combo Test, Malaria Rapid Test (Pf/Pv), and AVISURE Syphilis Rapid Test.
  • Biochemistry Analyzers and Reagents: Devices like the BS-240 Fully Auto Analyzer and reagents like AVIENBIO Albumin Kit.
  • Molecular Diagnostics: COVID-19 detection kits, including the COVID-19 Hid RTqPCR ASSAY.
  • Hematology Analyzers: Models like the BC-20s 3-Part Hematology Analyzer.
  • Medical Devices: Oxygen concentrators (Oxy-5 and Oxy-10) and viral transport solutions (VTM).

As of January 31, 2026, the company had 75 permanent employees and 33 contractual employees

Competitive Strength

  • Strong Industry Experience and Expertise.
  • Avience provides various diagnostic products, including rapid test kits, analyzers, hematology devices, and molecular kits.
  • Strong distribution network across India and is growing its international footprint.
  • Cost-Effective and Affordable Solutions.
  • Stringent quality control processes and complies with ISO standards and regulatory approvals.
 

Company Financials (Restated Consolidated)

Period Ended31 Jan 202631 Mar 202531 Mar 2024
Assets66.0756.5234.65
Total Income41.9445.9724.37
Profit After Tax5.747.232.14
EBITDA10.3411.414.08
NET Worth28.5222.786.21
Reserves and Surplus24.4918.752.93
Total Borrowing26.7322.1615.13
Amount in ₹ Crore

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Anthem Biosciences Ltd.Mainboard₹3,395.00 Cr₹570₹730.35+28.13%₹773.45 (-1.97%)

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

#Issue ObjectsEst Amt (₹ Cr.)
1Part finances the capital expenditure towards setting up of a new manufacturing unit at industrial plot no. 70, Sector 28 in the Medical Device Park under the Yamuna Expressway Industrial Development Authority (YEIDA), Gautam Buddha Nagar, Uttar Pradesh15.96
2Funding the working capital requirements of the Company8.25
3General Corporate Purposes 
 Total24.21

Key Performance Indicator (KPI)

KPIJan 31, 206Mar 31, 2025
ROE22.38%50.14%
ROCE16.99%24.84%
Debt/Equity0.940.97
RoNW22.38%49.89%
PAT Margin 15.86%
EBITDA Margin24.70%25.22%
Price to Book Value2.943.68
 Pre IPOPost IPO
EPS (₹)17.9412.56
P/E (x)11.5916.56

Avience Biomedicals IPO Details

IPO Date18 to 22 Jun, 2026
Listing DateThu, Jun 25, 2026
Face Value₹10 per share
Price Band₹196 to ₹208
Lot Size600 Shares
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtNSE SME
Total Issue Size14,53,800 shares
(agg. up to ₹30 Cr)
Reserved for Market Maker
82,200 shares
(agg. up to ₹2 Cr)
Fresh Issue
(Ex Market Maker)
13,71,600 shares
(agg. up to ₹29 Cr)
Net Offered to Public13,71,600 shares
(agg. up to ₹29 Cr)
Share Holding Pre Issue40,31,256 shares
Share Holding Post Issue54,85,056 shares

Avience Biomedicals IPO Promoter Holding

Mr. Dharam Deo Choudhary, Mr. Ram Nagina Choudhary, Mr. Janardan Pal and Ms. Deepa Choudhary.

Share Holding Pre Issue87.89%
Share Holding Post Issue64.59%

SHARIAH SCREENING for - Avience Biomedicals Ltd. IPO

BUSINESS SCREEN

FINANCIAL RATIOS

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