- Issue price
- ₹63per share
- Issue size
- ₹18.4 Cr29,20,000 shares
- Face value
- ₹10per equity share
- Lot size
- 2,000 sharesMin. ₹1.26 L at the upper price
- OpensMon, 2025
- ClosesWed, 2025
- AllotmentFri, 2025Demat credit and Refunds same day
- ListingMon, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 23,40,000 shares (₹14.74 Cr)
- Offer for sale
- 5,80,000 shares (₹3.65 Cr)
- Total issue
- 29,20,000 shares (₹18.4 Cr)
- Market maker portion
- 1,48,000 shares
- Face value
- ₹10
- Listing at
- BSE SME
- Promoter holding
- 99.99% → 66.05%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail47.5%
- NII47.4%
- Market maker5.1%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 13,88,000 | 50.07% | 50% |
| Non-institutional investors (NII) | 13,84,000 | 49.93% | — |
| Market maker | 1,48,000 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹63 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 2 | 4,000 | ₹2.52 L |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25- EPS (basic)
- ₹3.69
- P/E
- 17.07×
- RoNW
- 21.95%
- NAV per share
- ₹16.79
- Debt to equity
- 0.41
- ROCE
- 23.73%
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Oct 20257 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 23.58 | 33.91 | 25.90 | 19.49 |
| Total income | 23.58 | 33.92 | 26.51 | 19.50 |
| EBITDA | 3.35 | 4.06 | 3.11 | 2.61 |
| Profit after tax | 2.11 | 2.31 | 1.98 | 1.24 |
| Net worth | 12.62 | 10.51 | 8.20 | 3.82 |
| Reserves and surplus | 6.36 | 4.25 | 1.94 | 1.17 |
| Total assets | 27.55 | 21.79 | 17.71 | 14.83 |
| Total borrowing | 3.42 | 4.28 | 5.02 | 6.70 |
FY 2024-25 vs FY 2023-24: revenue +30.9%, profit after tax +16.3%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: ProspectusUpdated
About the company
The company manufactures instant noodles, noodle bhujiya and papad from its facility in Rajkot, Gujarat. It produces on contract for a marketer and also sells its own brand, Astron's Swagy Noodles, mainly in a few western and central Indian states.
- Incorporated
- 2018
- Industry
- Food Processing
- CIN
- U15549GJ2018PLC103488
- Website
- astronmultigrain.co.in
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue | Shares offered |
|---|---|---|---|
| Jenish Parshottambhai Khunt | 96.00% | 63.14% | 5,80,000 |
| Poonam Jenish Khoont | 3.99% | 2.91% | 0 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Purchase of machinery through capital expenditure | 4.46 |
| Working capital requirements | 5.65 |
| General corporate purposes | 2.14 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Astron Multigrain LimitedIssuer | ₹3.69 | 17.07× | 21.95% | ₹16.79 |
| Hindustan Unilever Limited | ₹45.3 | 55.96× | 21.20% | ₹209.16 |
| Patanjali Foods Limited | ₹35.96 | 52.92× | 12.06% | ₹314.04 |
| Marico Limited | ₹11.91 | 56.18× | 32.35% | ₹36.92 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Operates its own manufacturing unit with FSSAI licence and ISO 22000 certification.
- Serves both contract manufacturing clients and its own brand.
- Revenue has grown strongly over recent years.
- Promoters have several years of experience in the ready-to-eat food industry.
Risks
- Revenue and purchases are concentrated in a small number of customers and suppliers.
- Business depends heavily on a few super stockists for distribution.
- Company and its promoters and directors face pending litigation.
- Sales are concentrated geographically, mainly in Gujarat.
- Object-of-issue estimates are not appraised by any bank or agency and quotations may lapse.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹63) appear here after the shares list on BSE SME.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Astron Multigrain IPO open and close?
According to the Prospectus, the issue opens on Monday, 1 December 2025 and closes on Wednesday, 3 December 2025.
What is the Astron Multigrain IPO price band?
The final issue price is ₹63 per share.
What is the lot size of the Astron Multigrain IPO?
One lot is 2,000 shares, which is ₹1.26 L at ₹63 per share.
Where will Astron Multigrain shares list?
On BSE SME. The tentative listing date is Monday, 8 December 2025.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Astron Multigrain IPO allotment status?
The basis of allotment is expected to be finalised on Friday, 5 December 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹4.46 Cr for purchase of machinery through capital expenditure, ₹5.65 Cr for working capital requirements, ₹2.14 Cr for general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.