Astron Multigrain Limited
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Astron Multigrain Limited's completed its IPO journey with a successful listing on BSE on Dec 08, 2025. The public offering mobilized 29,20,000 Shares in total capital, comprising 23,40,000 Shares in fresh equity and ₹3.65 Cr in Offer for Sale shares from existing stakeholders.
The offering was conducted within the price band of ₹63 to ₹63, with minimum application lots of 2000 shares. Investor participation during the Dec 01, 2025 to Dec 03, 2025 subscription window determined the final allocation pattern.
The basis of allotment was announced on Dec 04, 2025, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Astron Multigrain is engaged in manufacturing instant noodles, operating both as a contract manufacturer for Gokul Snacks Pvt. Ltd.—which sells the products under its own brand—and as a producer of its in-house brand “Astron’s Swagy Noodles,” currently available in the Mast Masala (Classic) flavor. The company also manufactures noodle bhujiya and papad. Its manufacturing facility, located in Gondal, Rajkot, Gujarat, has an installed capacity of 5,110 MTA and holds an FSSAI license under the Food Safety and Standards Act, 2006. Astron Multigrain sells primarily in the B2B segment across Gujarat, Madhya Pradesh, Maharashtra, and Bihar through super stockists, wholesalers, and retailers. In FY 2025, 79.82% of its revenue came from its own brand manufacturing, while 20.18% was generated through contract manufacturing.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Leadership & Industry Experience : An expert promoter group with deep sector understanding drives efficient operations, supports continuous improvement, and guides smart business expansion.
- Competitive & Value-Based Pricing : A budget-friendly pricing model helps attract wider consumer groups, strengthen demand in regional markets, and stay competitive against other affordable brands.
- Recognized Brand & Reliable Market Presence : The established identity of “Astron’s Swagy Noodles” along with trusted B2B partnerships ensures recurring sales, better visibility, and a stable position in the market.
- Over-Reliance on Few Customers : Revenue is heavily dependent on a small client base, and losing or reducing business from any major buyer could sharply impact financial performance.
- Limited Supplier Base Dependency : Procurement relies on only a few key suppliers, making the company exposed to potential supply chain delays, pricing volatility, and raw material shortages.
- Active Legal Matters & Compliance Risk : Ongoing litigations involving the company and its key personnel could result in penalties or financial burdens that may disrupt operations and damage credibility.
- Mr. Jenish Parshottambhai Khunt
- Ms. Poonam Jenish Khoont
Astron Multigrain Limited
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