About
Astron Multigrain IPO is a fixed price issue of ₹18.40 crores. The issue 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.
Astron Multigrain IPO bidding started from Dec 1, 2025 and ended on Dec 3, 2025. The allotment for Astron Multigrain IPO was finalized on Dec 4, 2025. The shares got listed on BSE SME on Dec 8, 2025.
Astron Multigrain IPO price is ₹63 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,52,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,78,000.
Finaax Capital Advisors Private Limited is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Prabhat Financial Services Ltd..
Refer to Astron Multigrain IPO DRHP for detailed Information.
IPO Stock Quote & Charts
IPO Open
Mon, Dec 1, 2025
IPO Close
Wed, Dec 3, 2025
Issue Price
₹63 per share
Market Cap (Pre-IPO)
₹54.18 Cr
IPO Details
| IPO Date | 1 to 3 Dec, 2025 |
| Listed on | Mon, Dec 8, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹63 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 29,20,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 1,48,000 shares (agg. up to ₹0.9324 Cr) Prabhat Financial Services Ltd. |
| Fresh Issue | (Ex Market Maker)21,92,000 shares (agg. up to ₹14 Cr) |
| Offer for Sale | 5,80,000 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 27,72,000 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 62,60,000 shares |
| Share Holding Post Issue | 86,00,000 shares |
| BSE Script Code | 544628 |
| ISIN | INE0RUY01012 |
IPO Timetable (Tentative)
- IPO OpenMon, Dec 1, 2025
- IPO CloseWed, Dec 3, 2025
- AllotmentThu, Dec 4, 2025
- RefundFri, Dec 5, 2025
- Credit of SharesFri, Dec 5, 2025
- ListingMon, Dec 8, 2025
IPO Reservation
Astron Multigrain IPO offers total 29,20,000 shares. Out of which 13,84,000 (47.40%) allocated to
NII
13,88,000 (47.53%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,48,000 (5.07%) |
| NII (HNI) Shares Offered | 13,84,000 (47.40%) |
| Retail Shares Offered | 13,88,000 (47.53%) |
| Total Shares Offered | 29,20,000 (100.00%) |
IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| 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 |
About Astron Multigrain Ltd.
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 was derived from own brand manufacturing and 20.18% derived from contract manufacturing.
Competitive strengths
- Experienced Promoters and Management Team
- Affordable Pricing
- Well-established trade name
- Quality Compliance
- Widespread Sales and Distribution Network
Company Financials (Restated Consolidated)
Astron Multigrain Ltd.’s revenue increased by 28% and profit after tax (PAT) rose by 16% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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 | ||||
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards purchase of machinery | 4.46 |
| 2 | To Meet Working Capital Requirements | 5.65 |
| 3 | General Corporate Purposes |
Key Performance Indicator (KPI)
KPI as of Mon, Mar 31, 2025.
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.69 | 4.21 |
| P/E (x) | 17.09 | 14.95 |
| Promoter Holding | 99.99% | 66.05% |
- The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of October 31, 2025 available in RHP.
IPO Review
Astron Multigrain IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 4 | 0 |
Astron Multigrain IPO Subscription Status (Bidding Detail)
The Astron Multigrain IPO is subscribed 1.22 times on December 3, 2025 6:19:38 PM (Day 3). The public issue subscribed 1.94 times in the individual investors category, [.] times in the QIB category, and 0.50 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category |
Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.50 | 13,84,000 | 6,90,000 | 0 |
| Individual Investor | 1.94 | 13,88,000 | 26,96,000 | 0 |
| Total | 1.22 | 27,72,000 | 33,86,000 | 773 |
Total Application : 773
*Market Maker portion is not included to NII/HNI.
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | |
| 2 | Fees Payable to Registrar to the Offer | |
| 3 | Fees Payable for Advertising and Publishing Expenses | |
| 4 | Fees Payable to Regulators including Stock Exchanges | |
| 5 | Payment for Printing & Stationery, Postage, etc | |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees, Underwriting fees and Miscellaneous Expenses) |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹63.00 |
| Open | ₹50.40 |
| Low | ₹47.88 |
| High | ₹50.40 |
| Last Trade | ₹47.88 |
Check IPO Performance…
IPO Registrar
Bigshare Services Pvt.Ltd.
- +91-22-6263 8200
- ipo@bigshareonline.com
- Visit Website
IPO Lead Manager(s)
- Finaax Capital Advisors Private Limited (Past IPO Performance)
Lead Manager Reports
- Lead Manager Performance Summary
- Lead Manager Performance Tracker
Contact Details
- +91 8849506534
- cs@astronmultigrain.co.in
- Visit Website
IPO FAQs
What is the Astron Multigrain IPO?
Astron Multigrain IPO is a SME IPO of 29,20,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Dec 1, 2025, and closes on Wed, Dec 3, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
How to apply in Astron Multigrain IPO through Zerodha?
Zerodha customers can apply online in Astron Multigrain IPO using UPI as a payment gateway. Zerodha customers can apply in Astron Multigrain IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Astron Multigrain IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Astron Multigrain IPO‘ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
When Astron Multigrain IPO will open?
The Astron Multigrain IPO opens on Mon, Dec 1, 2025 and closes on Wed, Dec 3, 2025.
What is the lot size of Astron Multigrain IPO?
Astron Multigrain IPO lot size is 2000, and the minimum amount required for application is ₹2,52,000, with 2 lots being the minimum application size.
How to apply for Astron Multigrain IPO?
You can apply in Astron Multigrain IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
When is Astron Multigrain IPO allotment?
The finalization of Basis of Allotment for Astron Multigrain IPO will be done on Thursday, December 4, 2025, and the allotted shares will be credited to your demat account by Fri, Dec 5, 2025. Check the Astron Multigrain IPO allotment status.
When is Astron Multigrain IPO listing date ?
The Astron Multigrain IPO listing date is on Mon, Dec 8, 2025.
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