Astron Multigrain Limited IPO
Astron Multigrain Limited IPO
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Astron Multigrain Limited's completed its IPO journey with a successful listing on BSE on 08-12-2025. 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 01-12-2025 to 03-12-2025 subscription window determined the final allocation pattern.
The basis of allotment was announced on 04-12-2025, 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 IPO About Company
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."
Astron Multigrain IPO Strength Factors
- 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.
Astron Multigrain IPO Risk Factors
- 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.
Astron Multigrain IPO Lead Manager(s)
- Finaax Capital Advisors Private Limited
Astron Multigrain IPO Promoter(s)
- Mr. Jenish Parshottambhai Khunt
- Ms. Poonam Jenish Khoont
Astron Multigrain IPO FAQs
Astron Multigrain Limited IPO subscribed 1.27 times. The public issue subscribed 1.94 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 8, 2025 4:15:00 AM (Day 8).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Astron Multigrain IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Astron Multigrain IPO FAQs
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