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29 Nov, 2025
Astron Multigrain IPO
The Astron Multigrain IPO opens to the general public for subscription on December 1, 2025. It will close on December 3, 2025. The fixed price issue of ₹18.40 crores is a combination of fresh issue of 0.23 crore shares aggregating to ₹14.74 crores and offer for sale of 0.06 crore shares aggregating to ₹3.65 crores. The Astron Multigrain IPO price is ₹63.00 per share.
Bigshare Services Pvt. Ltd. is the registrar of the issue and Finaax Capital Advisors Private Limited is the book-running lead manager.
Company Background
Incorporated as Astron Multigrain Private Limited in 2018, Astron Multigrain Limited is a public limited company engaged in the FMCG sector with a focus on food manufacturing.
Headquartered in Rajkot, the company has built a reputation for quality and innovation in the instant noodles and snacks segment; it operates a state-of-the-art manufacturing facility and has expanded its business footprint, serving both contract manufacturing clients and retail markets with its own branded products and is recognized for its consistent financial growth and compliance with stringent food safety standards.
Operations And Product Range
Astron Multigrain manufactures noodle bhujiya, instant noodles, and padpad, also called papadum or poppadom. It is both B2B and retail-based. Located in Gondal, Rajkot, the company manufactures 5,110 MTA with FSSAI, HACCP and ISO 22000:2018 certifications.
Astron Multigrain products carry instant noodles, with Astron’s Swagy Noodles in the naming. On top of that, the company also contracts manufacturing for leading FMCG brands to supply the products to a wide range of super stockists, retailers and wholesalers across Gujarat, Madhya Pradesh, Maharashtra and Bihar.
Revenue Channels
Astron Multigrain produces its revenue through contract manufacturing and own-brand manufacturing. In FY 2025, approximately 79.82% of the company‘s revenue was generated from its own product owned by the company; about 20.18% came from contract manufacturing for other brands. Astron Multigrain sells its products to super stockists that sell them at wholesalers and retailers, who make the product available nationwide and maintain good sales.
Management And Shareholding
The management team at Astron Multigrain is led by Jenish Parshottambhai Khunt, who serves as both Chairman and Managing Director. Poonam Jenish Khoont is another company promoter.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Astron Multigrain IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Astron Multigrain IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 1, 2025 to December 3, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹63 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 29,20,000 shares (aggregating up to ₹18.40 Cr) |
| Reserved for Market Maker | 1,48,000 shares (aggregating up to ₹0.9324 Cr) |
| Fresh Issue(Ex Market Maker) | 21,92,000 shares (aggregating up to ₹13.81 Cr) |
| Offer for Sale | 5,80,000 shares of ₹10 (aggregating up to ₹3.65 Cr) |
| Net Offered to Public | 27,72,000 shares (aggregating up to ₹17.46 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 62,60,000 shares |
| Share Holding Post Issue | 86,00,000 shares |
Astron Multigrain IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | December 1, 2025 |
| IPO Close Date | December 3, 2025 |
| Tentative Allotment | December 4, 2025 |
| Initiation of Refunds | December 5, 2025 |
| Credit of Shares to Demat | December 5, 2025 |
| Tentative Listing Date | December 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wednesday, December 3, 2025 |
Astron Multigrain IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,52,000 |
| HNI (Min) | 3 | 6,000 | ₹3,78,000 |
Astron Multigrain IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 99.99% |
| Promoter Holding Post Issue | 66.05% |
Competitive Strength:
- • Diversified product portfolio in noodles and snacks
- • Dual business model combining contract and own-brand manufacturing
- • Consistent financial growth and profitability
- • Established distribution network across key Indian states
- • Strong manufacturing infrastructure and capacity
Astron Multigrain IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 21.79 | 33.92 | 2.31 | 10.51 | 4.28 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 17.71 | 26.51 | 1.98 | 8.20 | 5.02 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 14.83 | 19.50 | 1.24 | 3.82 | 6.70 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.66% |
| ROCE | 23.73% |
| Debt/Equity | 0.41 |
| RoNW | 21.95% |
| PAT Margin | 6.80% |
| EBITDA Margin | 11.98% |
| Price to Book Value | 3.75 |
| Market Capitalization | ₹54.18 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.69 | 2.68 |
| P/E (x) | 17.09 | 23.48 |
Astron Multigrain IPO Objectives
The Astron Multigrain IPO proposes to utilize ₹4.46 crores for funding Capital Expenditure towards the purchase of machinery and ₹5.65 crores for working capital requirements and general corporate purposes.
Conclusion
The Astron Multigrain IPO will be open for the general public for subscription on December 1, 2025 and it will close on December 3, 2025.
Astron Multigrain specializes in manufacturing noodle bhujiya, instant noodles and papad, catering to both B2B and retail segments. The product range of Astron Multigrain includes instant noodles under the “Astron’s Swagy Noodles” brand, available in popular flavors such as Mast Masala and various types of papad and bhujiya.
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Frequently asked Questions (FAQs )
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Q1: When does the Astron Multigrain IPO open and close?
The Astron Multigrain IPO will be open for the general public for subscription on December 1, 2025 and it will close on December 3, 2025.
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Q2: What is the total size of the Astron Multigrain IPO?
The fixed price issue of ₹18.40 crores is a combination of fresh issue of 0.23 crore shares aggregating to ₹14.74 crores and offer for sale of 0.06 crore shares aggregating to ₹3.65 crores.
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Q3: Where will the Astron Multigrain IPO be listed?
The Astron Multigrain IPO would get listed on the BSE SME.
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Q4: What are the primary objectives for Astron Multigrain IPO proceeds?
The Astron Multigrain IPO proposes to utilize ₹4.46 crores for funding Capital Expenditure towards the purchase of machinery and ₹5.65 crores for working capital requirements and general corporate purposes.
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