Astron Multigrain IPO GMP, Date, Price Band & Review

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.