Astron Multigrain Limited – IPO
Astron Multigrain Limited – IPO Details
| IPO Date | December 1, 2025 to December 3, 2025 |
| Listing Date | December 8, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 63 to ₹ -- / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | 29,20,000 shares (Aggregating up to ₹18.40 Cr) |
| Fresh Issue | 21,92,000 shares (Aggregating up to ₹13.81 Cr) |
| Offer for Sale | 5,80,000 shares of ₹10 (Aggregating up to ₹3.65 Cr) |
| Employee Discount | |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share holding pre issue | 62,60,000 shares |
| Share holding post issue | 86,00,000 shares |
| Market Maker portion |
Astron Multigrain Limited Timeline (Tentative Schedule)
Astron Multigrain Limited IPO opens on December 1, 2025, and closes on December 3, 2025.
| IPO Open Date | December 1, 2025 |
| IPO Close Date | December 3, 2025 |
| Basis of Allotment | December 4, 2025 |
| Initiation of Refunds | December 5, 2025 |
| Credit of Shares to Demat | December 5, 2025 |
| Listing Date | December 8, 2025 |
| Cut-off time for UPI mandate confirmation | December 3, 2025 |
Astron Multigrain Limited IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | |
| Retail (Max) | 2 | 4,000 | |
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) | 3 | 6,000 |
Astron Multigrain Limited IPO Promoter Holding
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 66.05% |
Astron Multigrain Limited IPO Reservation
Astron Multigrain IPO offers a total of 29,20,000 shares. Out of which 13,84,000 (47.40%) allocated to NII, 13,88,000 (47.53%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | 1,48,000 (5.07%) |
|
| Other Shares Offered | |
|
| QIB Shares Offered | |
|
| NII (HNI) Shares Offered | 13,84,000 (47.40%) |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 13,88,000 (47.53%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 29,20,000 (100.00%) |
Astron Multigrain Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Astron Multigrain Limited
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
- Contract Manufacturing: In this vertical, everything from ingredients and raw material procurement, handling, and packaging is done by the company but the client sells products under own brand.
- Own Brand Manufacturing: In this vertical, it manufactures and sells products under the own brand name.
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
- Experienced Promoters and Management Team
- Affordable Pricing
- Well-established trade name
- Quality Compliance
- Widespread Sales and Distribution Network
Key Performance Indicator
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 24.66% |
| ROCE | 23.73% |
| Debt/Equity | 0.41 |
| RoNW | 21.95% |
| P/BV | 3.75 |
| PAT Margin (%) | 6.80% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.69 | 4.21 |
| P/E (x) | 17.09 | 14.95 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, which is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of October 31, 2025, which is available in RHP.
Objects of the Issue (Astron Multigrain Limited IPO Objectives)
Astron Multigrain Limited Contact Details
Astron Multigrain Ltd. Plot No. 17 to 21, Near Ram Hotel, Chordi, Gondal Rajkot, Gujarat, 360311 Phone: +91 8849506534 Email: [email protected] Website: http://www.astronmultigrain.co.in/ |
Astron Multigrain Limited IPO Registrar
Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: [email protected] |