Astron Multigrain IPO Details

SME

Astron Multigrain IPO opens for subscription on 01 Dec 2025 and closes on 03 Dec 2025. The IPO will be listed on BSE with the tentative listing date set for 08 Dec 2025.

Astron Multigrain IPO price band has been fixed at ₹63 – ₹63 per share.The face value is ₹10 per share with a lot size of 2000.

Astron Multigrain IPO total issue size comprises 29,20,000 shares (aggregating up to ₹18.40 Cr.). This includes a fresh issue of 23,40,000 shares (aggregating up to ₹14.74 Cr.). Offer for Sale consists of 5,80,000 shares (aggregating up to ₹3.65 Cr.). Pre-issue shareholding stands at 62,60,000, which will increase to 86,00,000 post-issue.

Astron Multigrain IPO Lot Size : Individual Minimum is 2 lots (4,000 shares) amounting to ₹252,000. Individual Maximum is 2 lots (4,000 shares) amounting to ₹252,000. HNI Minimum is 3 lots (6,000 shares) amounting to ₹378,000.

The Lead Managers for Astron Multigrain IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Finaax Capital Advisors Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Prabhat Financial Services. You can analyze their track record by checking the Market Maker Performance Summary report.

For detailed information, Refer to the Astron Multigrain Limited RHP.

Astron Multigrain IPO Details

Listing Price : ₹50.4 at a Discount of 20%

Open Date

01 Dec 2025

Close Date

03 Dec 2025

Listing Date

08 Dec 2025

Issue Price

₹63 - ₹63

Face Value

₹10 per share

Lot Size

2000

GMP

₹0

Issue Type

IPO

Listing On

BSE

Type

Fixed Price Issue

Share holding pre issue

6260000

Share holding post issue

8600000

Total Issue Size

29,20,000 shares (aggregating up to ₹18.40 Cr.)

Fresh Issue

23,40,000 shares (aggregating up to ₹14.74 Cr.)

Offer for Sale

5,80,000 shares (aggregating up to ₹3.65 Cr.)

Astron Multigrain IPO Subscription

Astron Multigrain IPO Application Wise Breakup

Astron Multigrain IPO Dates

01 Dec 2025
Opening dateOpen
03 Dec 2025
Closing dateClose
04 Dec 2025
Allotment Date Allotment
05 Dec 2025
Initiation of RefundsRefund
05 Dec 2025
Credit of SharesCredit
08 Dec 2025
Listing dateListing

Astron Multigrain IPO Lot Size

Application	Lots	Shares	Amount
Individual Minimum	2	4000	₹252,000
Individual Maximum	2	4000	₹252,000
HNI Minimum	3	6000	₹378,000

Astron Multigrain IPO Reservation

Promoter Holding

Pre Issue:99.99%

Post Issue:66.05%

Promoter Names:

Mr. Jenish Parshottambhai Khunt, Ms. Poonam Jenish Khoont

Documents

› Astron Multigrain IPO DRHP

› Astron Multigrain IPO RHP

› Astron Multigrain IPO BOA

Astron Multigrain IPO Valuations

ROE:24.66%

ROCE:23.73%

DEBT/EQUITY:0.41

RONW:21.95%

PAT MARGIN:6.80%

PRICE TO BOOK VALUE:3.75

P/E Pre IPO:17.09

P/E Post IPO:23.48

Astron Multigrain Financial Information

Period Ended	31 Oct 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	27.55	21.79	17.71	14.83
Total Income	23.58	33.92	26.51	19.50
Profit After Tax	2.11	2.31	1.98	1.24
EBITDA	3.35	4.06	3.11	2.61
NET Worth	12.62	10.51	8.20	3.82
Reserves and Surplus	6.36	4.25	1.94	1.17
Total Borrowing	3.42	4.28	5.02	6.70
Amount in ₹ Crore

About Astron Multigrain IPO

Incorporated in , Astron Multigrain manufactures instant noodles. It produces noodles on a contract basis for Gokul Snacks Pvt. Ltd., who sells them under their own brand. The company also sell under own brand “Astron’s Swagy Noodles”, currently available in Mast Masala (Classic Flavour).

Business Model

Contract Manufacturing: In this vertical, everything from ingredients and raw material procurement, handling, and packaging is done by the company but the client sells products under own brand.
Own Brand Manufacturing: In this vertical, it manufactures and sells products under the own brand name.

Apart from noodles, it also make noodle bhujiya and papad.

Manufacturing Facility: Gondal, Rajkot, Gujarat, with an installed capacity of 5110 MTA. The facility is accredited with FSSAI license under Food Safety and Standards Act, 2006.

Customers and market presence: The company markets and sells products in teh B2B segment, majorly in the states of Gujarat, Madhya Pradesh, Maharashtra and Bihar. The products are sold to Super Stockiest who supplies to the wholesalers and further distributed among retailers.

Segment-wise revenue: In FY 25, 79.82% of total revenue were derrived from own brand manufacturing and 20.18% derived from contract manufacturing.

Strength Of Astron Multigrain IPO

Experienced Promoters and Management Team.
Affordable Pricing.
Well established Brand Name.
Quality Compliance.
Widespread Sales and Distribution Network.
Cordial Relationship between Management and Labour.

Risk Of Astron Multigrain IPO

The Company, Promoter, Directors, KMP, SMP and Group Company are involved in certain legal proceedings. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business and results of operations.
Its business is primarily dependent upon a continuing relationship with super stockist for sales of the company products. Any reduction or interruption in the business of these super stockists or a substantial decrease in orders placed by these super stockists may have an adverse impact on the revenues and operations of the Company.
The inappropriate handling, processing or storage of its raw materials or products, or spoilage of and damage to such raw materials and products, or any real or perceived contamination in its products, could subject the company to regulatory action, damage its reputation and have an adverse effect on the company business, results of operations and financial condition.
Failures to maintain stringent quality and safety standards may result in regulatory action, product recalls, or reputational damage.
The company depends on a limited number of States for a significant portion of its revenue from operations. The loss of any of its major customer in these States due to any adverse development or significant reduction in business from the company major customer may adversely affect its business, financial condition, results of operations and future prospects.
If the Company is unable to protect its intellectual property, or if the Company infringes on the intellectual property rights of others, its business may be adversely affected.
The Company has reported certain negative cash flows from its investing activity and financing activity, details of which are given below. Sustained negative cash flows could impact its growth and business.
Its Registered Office and Manufacturing Unit from where the company operate is not owned by it but taken on Lease basis. the company inability to renew the lease agreement or any adverse impact on the title or ownership rights of its owner/landlord in relation to these premises may impede its operations.
The Instant Noodle Industry is dominated by large established brands with significant financial and marketing resources, and its may face difficulty in capturing or maintaining market share.
Its Manufacturing facility relies on specialized machinery and any significant breakdown or delay in maintenance could disrupt the company production.