Astron Multigrain SME: Check IPO Date, Live Subscription and Key Details
Astron Multigrain Private Limited, incorporated in 2018, is engaged in the manufacturing of instant noodles (Mast Masala flavor), noodle bhujiya, and papad. The company focuses on ready-to-cook and easy-to-prepare food products sold through a network of super stockists, wholesalers, and retailers. Astron Multigrain holds an FSSAI license and ISO 22000:2018 certification, underscoring its commitment to food safety and quality compliance.
Price Range
₹63.00
Issue Size
₹17.46 Cr
Lot Size
2,000 shares
IPO Type
BSE SME
GMP
-
Est. Listing Price
₹63
Estimate Profit
-
Retail Portion
47.53%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
4.21
P/E Ratio
14.95
RoNW
21.95%
ROE
24.66%
Debt to Equity
0.41
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Timeline
IPO Opens
1 Dec
IPO Closes
3 Dec
Allotment
4 Dec
Listing
8 Dec
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 1 December 2025 | Subscription starts |
| IPO Close Date | 3 December 2025 | Subscription ends |
| Allotment Date | 4 December 2025 | Allotment |
| Listing Date | 8 December 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,52,000 |
SHNI (Min) | 3 | ₹3,78,000 |
SHNI (Max) | 7 | ₹8,82,000 |
BHNIAbove ₹10,00,000 | 8 | ₹10,08,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| NII (Non-Institutional Investor) | 47.40% |
| Retail | 47.53% |
| Market Maker | 5.07% |
| Total | 100.00% |
IPO Objectives
- Funding Capital Expenditure towards purchase of machinery (₹4.46 Cr).
- To Meet Working Capital Requirements (₹5.65 Cr).
- General Corporate Purposes.
Strengths
- The company benefits from an Experienced Promoters and Management Team with an established history in the food products sector.
- It employs an Affordable Pricing strategy for its instant noodles and packaged products, effectively targeting mass market segments.
- The business maintains Strong Quality Compliance, evidenced by key food safety certifications (FSSAI and ISO 22000:2018).
- It has a Widespread Sales and Distribution Network, utilizing super stockists and wholesalers to reach retailers efficiently.
- The company shows Consistent financial growth, with revenue up 28% and profit after tax (PAT) up 16% (FY24-FY25), and healthy profitability metrics.
Weaknesses
- The company faces High competition in the highly concentrated instant noodles market from giants like Nestlé ('Maggi') and ITC ('Yippee!').
- It is vulnerable to raw material price volatility (wheat, flour, spices), which can impact profit margins, given the commodity nature of the input.
- There is dependence on a single core product line (instant noodles), exposing the business to risks specific to consumer trends in that segment.
- The business has High working capital requirements, as indicated by the allocation of IPO funds to this objective, which can strain liquidity.
- The IPO includes an Offer for Sale (OFS) component, which reduces the net fresh capital available for the company's direct growth.
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Financial Performance
| Period Ended | 31 Oct 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 27.55 | 21.79 | 17.71 | 14.83 |
| Revenue (₹ Cr.) | 23.58 | 33.92 | 26.51 | 19.5 |
| PAT (₹ Cr.) | 2.11 | 2.31 | 1.98 | 1.24 |
| Net Worth (₹ Cr.) | 12.62 | 10.51 | 8.2 | 3.82 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Astron Multigrain | 3.75 | 14.95 | 24.66% | 12.62 |
| Hindustan Unilever | 11.9 | 53.05 | 22.35% | 49,609 |
| Patanjali Foods | 5.11 | 43.43 | 11.78% | 11,371 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.32x | 0.28x | 0.5x |
| RII | 1.1x | 1.53x | 1.94x |
| Total | 0.71x | 0.91x | 1.22x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| NII | 13,84,000 | 6,90,000 | 4.35 |
| RII | 13,88,000 | 26,96,000 | 16.98 |
| Total | 27,72,000 | 33,86,000 | 21.33 |
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Company Details
- Astron Multigrain Ltd.
- Plot No. 17 To 21, Near Ram Hotel, Chordi, Gondal, Rajkot, -360311
- +91 8849506534
- cs@astronmultigrain.co.in
- http://www.astronmultigrain.co.in/
Registrar Details
- Bigshare Services Pvt.Ltd.
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html
Frequently Asked Questions
What are the main products manufactured by Astron Multigrain?
Astron Multigrain primarily manufactures instant noodles (Mast Masala flavor), noodle bhujiya, and papad, focusing on ready-to-eat and easy-to-prepare food products.
When does the Astron Multigrain IPO open for subscription?
The Astron Multigrain SME IPO is currently open for subscription from December 1, 2025, and will close on December 3, 2025.
What is the IPO price and market lot for retail investors?
The IPO is a Fixed Price Issue at ₹63.00 per share. The minimum application for retail investors is 2,000 shares per lot.
What certifications does Astron Multigrain hold for food safety?
The company holds an FSSAI license and is ISO 22000:2018 certified for its food safety management system, demonstrating its commitment to quality compliance.
What are the main objectives of the ₹17.46 Cr Fresh Issue?
The net proceeds will be used for funding Capital Expenditure towards purchasing machinery (₹4.46 Cr), meeting Working Capital Requirements (₹5.65 Cr), and General Corporate Purposes.
Which stock exchange will list the Astron Multigrain IPO?
The Astron Multigrain IPO is scheduled to list on the BSE SME exchange, with the tentative listing date being December 8, 2025.
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