Comparison between Astron Multigrain IPO and Avana Electrosystems IPO.
Astron Multigrain IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Avana Electrosystems IPO is a SME Bookbuilding proposed to list at NSE SME.
| Astron Multigrain IPO | Avana Electrosystems IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Finaax Capital Advisors Pvt.Ltd. | Indcap Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Market Maker | Prabhat Financial Services Ltd. | Asnani Stock Broker Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Astron Multigrain IPO is up to ₹17.46 Cr whereas the issue size of the Avana Electrosystems IPO is up to ₹33.45 Cr. The final issue price of Astron Multigrain IPO is ₹63.00 per share and of Avana Electrosystems IPO is ₹59.00 per share.
| Astron Multigrain IPO | Avana Electrosystems IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹56.00 per share | |
| Issue Price (Upper) | ₹59.00 per share | |
| Issue Price (Final) | ₹63.00 per share | ₹59.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 21,92,000 shares | 48,76,000 shares |
| Fresh Issue Size (Amount) | up to ₹13.81 Cr | up to ₹28.77 Cr |
| OFS Issue Size | 5,80,000 shares | 7,94,000 shares |
| OFS Issue Size (Amount) | up to ₹3.65 Cr | up to ₹4.68 Cr |
| Issue Size Total | 27,72,000 shares | 56,70,000 shares |
| Issue Size Total (Amount) | up to ₹17.46 Cr | up to ₹33.45 Cr |
Astron Multigrain IPO opens on Dec 01, 2025, while Avana Electrosystems IPO opens on Jan 12, 2026. The closing date of Astron Multigrain IPO and Avana Electrosystems IPO is Dec 03, 2025, and Jan 14, 2026, respectively.
| Astron Multigrain IPO | Avana Electrosystems IPO | |
|---|---|---|
| Anchor Bid Date | Jan 09, 2026 | |
| Issue Open | Dec 01, 2025 | Jan 12, 2026 |
| Issue Close | Dec 03, 2025 | Jan 14, 2026 |
| Basis Of Allotment (Tentative) | Dec 04, 2025 | Jan 15, 2026 |
| Initiation of Refunds (Tentative) | Dec 05, 2025 | Jan 16, 2026 |
| Credit of Share (Tentative) | Dec 05, 2025 | Jan 16, 2026 |
| Listing date (Tentative) | Dec 08, 2025 | Jan 20, 2026 |
| Anchor Lockin End date 1 | Feb 14, 2026 | |
| Anchor Lockin End date 2 | Apr 15, 2026 |
Astron Multigrain IPO P/E ratio is 17.09, as compared to Avana Electrosystems IPO P/E ratio of 12.4.
| Astron Multigrain IPO | Avana Electrosystems IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | 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.
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.99 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 66.05 | 73.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.09 | 12.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹54.18 Cr. | ₹133.61 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 24.66 | 47.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 23.73 | 53.71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.41 | 0.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.69 | ₹4.76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 21.95 | 38.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Astron Multigrain IPO Retail Individual Investors (RII) are offered 13,88,000 shares while in Avana Electrosystems IPO retail investors are offered 13,88,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Astron Multigrain IPO and 11,28,000 shares in Avana Electrosystems IPO.
| Astron Multigrain IPO | Avana Electrosystems IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 16,90,000 shares |
| Market Maker Reservation | 1,48,000 shares | 3,00,000 shares |
| QIB | 0 shares | 11,28,000 shares |
| NII | 13,84,000 shares | 8,64,000 shares |
| RII | 13,88,000 shares | 19,88,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 27,72,000 shares | 56,70,000 shares |
Astron Multigrain IPO subscribed 1.22x in total, whereas Avana Electrosystems IPO subscribed 92.53x.
| Astron Multigrain IPO | Avana Electrosystems IPO | |
|---|---|---|
| QIB (times) | 54.97x | |
| NII (times) | 0.50x | 219.02x |
| Big NII (times) | 258.08x | |
| Small NII (times) | 140.90x | |
| RII (times) | 1.94x | 137.52x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.22x | 92.53x |
