Fixed Price IPO | ₹18 Cr | Listed at BSE SME | Mon, Dec 1, 2025 - Wed, Dec 3, 2025
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 Open
Mon, Dec 1, 2025
IPO Close
Wed, Dec 3, 2025
Issue Price
₹63 per share
Market Cap (Pre-IPO)
₹54.18 Cr
| 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 cum 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 Prabhat Financial Services Ltd. (agg. up to ₹0.9324 Cr) |
| 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 |
Astron Multigrain IPO comprises a total issue size of 29,20,000 shares. The net offer to the public is 27,72,000 shares, after excluding 1,48,000 shares allotted on a firm basis. Of the Net offer 13,84,000 (49.93%) allocated to NII 13,88,000 (50.07%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,84,000 | 49.93% | 47.40% |
| Retail Shares Offered | 13,88,000 | 50.07% | 47.53% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,48,000 | 5.07% | |
| Total Shares Offered | 29,20,000 | 100.00% | 100.00% |
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 |
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
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
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 | ||||
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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 3.69 | 4.21 |
| P/E (x) | 17.09 | 14.95 |
| Promoter Holding | 99.99% | 66.05% |
| Market Cap | ₹54.18 Cr. |
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.
| # | 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) |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹63.00 |
| Open | ₹50.40 |
| Low | ₹47.88 |
| High | ₹50.40 |
| Last Trade | ₹47.88 |
Lead Manager Reports
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.
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 Zerodha IPO Application Process Review for more detail.
The Astron Multigrain IPO opens on Mon, Dec 1, 2025 and closes on Wed, Dec 3, 2025.
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.
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.
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.
The Astron Multigrain IPO listing date is on Mon, Dec 8, 2025.
