Astron Multigrain IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 63 – 63
Lot Size
2000
Issue Size
₹18.4 Cr
Minimum Investment
₹252000 (4000 Shares)
Listing Date
08 December 2025
Subscription
1.28x
About the Company
Incorporated in [year missing], Astron Multigrain is engaged in the manufacturing of instant noodles. The company operates both as a contract manufacturer and under its own consumer brand. For contract manufacturing, it produces noodles for Gokul Snacks Pvt. Ltd., which markets the products under its own label. Astron Multigrain also sells products under its in-house brand “Astron’s Swagy Noodles”, currently available in the Mast Masala (Classic Flavour) variant.
Business Model
1. Contract Manufacturing
Under this vertical, the company undertakes the complete process—from procurement of ingredients and raw materials to production, handling, and packaging. The finished products are supplied to clients, who then sell them under their own brand names.
2. Own Brand Manufacturing
In this segment, Astron Multigrain manufactures and markets products under its proprietary brand. Apart from instant noodles, the company also produces noodle bhujiya and papad.
Manufacturing Facility
The company operates a manufacturing plant located in Gondal, Rajkot, Gujarat, with an installed capacity of 5,110 MTA. The facility holds an FSSAI license and complies with the standards prescribed under the Food Safety and Standards Act, 2006.
Customers & Market Presence
Astron Multigrain primarily caters to the B2B market, with a distribution footprint across Gujarat, Madhya Pradesh, Maharashtra, and Bihar. Products are sold to super stockists, who further supply wholesalers, and ultimately channel goods to retailers.
Segment-wise Revenue (FY 2024–25)
- Own Brand Manufacturing: 79.82% of total revenue
- Contract Manufacturing: 20.18% of total revenue
Promoters
- Mr. Jenish Parshottambhai Khunt
- Ms. Poonam Jenish Khoont
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
66.05%
Objects of the Issue
The Company Astron Multigrain IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding Capital Expenditure towards purchase of machinery
- To Meet Working Capital Requirements
- General Corporate Purposes
Address / Contact Info
Astron Multigrain Ltd.
Plot No. 17 To 21, Near Ram Hotel,
Chordi, Gondal
Rajkot, Gujarat, 360311
Phone: +91 8849506534
Email: cs@astronmultigrain.co.in
Website: http://www.astronmultigrain.co.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 01 December 2025
IPO Close Date
Wednesday, 03 December 2025
Basis of Allotment
Thursday, 04 December 2025
Initiation of Refunds
Friday, 05 December 2025
Credit of Shares to Demat
Friday, 05 December 2025
Listing Date
Monday, 08 December 2025 — NSE & BSE
Important Dates
Open Date
01 December 2025
Close Date
03 December 2025
Basis Of Allotment
04 December 2025
Listing Date
08 December 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | |
|---|---|---|---|---|
| Assets | 0 | 21.79 | 17.71 | 14.83 |
| Revenue | 0 | 33.92 | 26.51 | 19.5 |
| Profit After Tax | 0 | 2.31 | 1.98 | 1.24 |
| Net Worth | 0 | 10.51 | 8.2 | 3.82 |
| Reserve & Surplus | 0 | 4.25 | 1.94 | 1.17 |
| Total Borrowings | 0 | 4.28 | 5.02 | 6.7 |
EPS Pre
3.69%
EPS Post
2.68%
P/E Pre
17.09
P/E (Post Issue)
23.48x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 24.66 | 33 | 38.75 |
| ROCE % | 23.73 | 19.36 | 20.32 |
| Debt / Equity | 0.41 | 0.61 | 1.75 |
| RoNW % | 21.95 | 24.18 | 32.46 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 6.8 | 7.66 | 6.36 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 1384000 | 50 | 0 |
| Retail Investors | 1384000 | 50 | 0 |
| Total | 2772000 | 100 | 0 |
Subscription Status ( Wed, 03 Dec 25 01:49 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 1384000 | 838000 | 0.61x |
| Retail Investors | 1384000 | 2696000 | 1.95x |
| Total | 2768000 | 3534000 | 1.28x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Astron Multigrain Ltd | 10 | 0.00 | 3.69 | 3.69 | 21.95 | 16.79 |
| Hindustan Unilever Ltd | 1 | 55.96 | 45.30 | 45.30 | 21.20 | 209.16 |
| Patanjali Foods Ltd | 2 | 52.92 | 35.96 | 35.96 | 12.06 | 314.04 |
| Marico Limited | 1 | 56.18 | 11.91 | 11.88 | 32.35 | 36.92 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 252,000.00 |
| Retail (Max) | 2 | 4,000 | 252,000.00 |
| S-HNI (Min) | 3 | 6,000 | 378,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Finaax Capital Advisors Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Astron Multigrain IPO is a Fixed price IPO worth ₹18.4 crores. The price band is ₹63 to 63 per share. The IPO opens on Mon, Dec 1, 2025 and closes on Wed, Dec 3, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Astron Multigrain IPO opens on Mon, Dec 1, 2025 and closes on Wed, Dec 3, 2025
Astron Multigrain IPO Price Band is ₹63 to 63.
Astron Multigrain IPO lot size is 2000, and the minimum amount required for application is ₹252000.
The minimum investment for Astron Multigrain IPO is approximately ₹252000 based on the upper price band.
To apply for the Astron Multigrain IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Dec 3, 2025. After submission, funds are blocked until the basis of allotment of Astron Multigrain IPO is finalised.
Astron Multigrain IPO issue size is ₹18.4 crores.
Astron Multigrain IPO allotment date is Sat, Jun 27, 2026.
The registrar for Astron Multigrain IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Astron Multigrain IPO through their official website or helpline.