Astron Multigrain SME IPO
ListedBSE SMEOpens 1 December 2025Closes 3 December 2025
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…
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.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
1 Dec 2025
IPO Closes
3 Dec 2025
Allotment
4 Dec 2025
Listing
8 Dec 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 1 December 2025 |
| IPO Close Date | 3 December 2025 |
| Allotment Date | 4 December 2025 |
| Listing Date | 8 December 2025 |
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.
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 |
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?
When does the Astron Multigrain IPO open for subscription?
What is the IPO price and market lot for retail investors?
What certifications does Astron Multigrain hold for food safety?
What are the main objectives of the ₹17.46 Cr Fresh Issue?
Which stock exchange will list the Astron Multigrain IPO?
Astron Multigrain SME IPO News & Updates
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Sources
We match Astron Multigrain SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Bigshare Services Pvt.Ltd.Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.