Astron Multigrain Ltd. is raising up to ₹18.40 crore via a fixed price issue comprising a fresh issue of 21,92,000 shares and an offer for sale of 5,80,000 shares (total 29,20,000 shares). The issue opens on Dec 1, 2025 and closes on Dec 3, 2025. Tentative allotment is Dec 4, 2025, refunds & demat credit on Dec 5, 2025 and tentative listing on Dec 8, 2025 on BSE SME.
Astron Multigrain Ltd. IPO
BSE SME — Fixed Price Issue (Food / Instant Noodles)
UPCOMING / LIVEAstron Multigrain Ltd. is raising up to ₹18.40 crore via a fixed price issue comprising a fresh issue of 21,92,000 shares and an offer for sale of 5,80,000 shares (total 29,20,000 shares). The issue opens on Dec 1, 2025 and closes on Dec 3, 2025. Tentative allotment is Dec 4, 2025, refunds & demat credit on Dec 5, 2025 and tentative listing on Dec 8, 2025 on BSE SME.
Fixed price: ₹63 per share. Lot size: 2,000 shares (retail minimum 2 lots = 4,000 shares = ₹2,52,000).
| Face Value | ₹10 per share |
|---|---|
| Issue Price | ₹63 per share (Fixed) |
| Lot Size | 2,000 shares |
| Total Issue Size | 29,20,000 shares (aggregating up to ₹18.40 Cr) |
| Reserved for Market Maker | 1,48,000 shares (₹0.93 Cr) — Prabhat Financial Services Ltd. |
| Fresh Issue (Ex MM) | 21,92,000 shares (₹13.81 Cr) |
| Offer for Sale | 5,80,000 shares (₹3.65 Cr) |
| Net Offered to Public | 27,72,000 shares (₹17.46 Cr) |
| Issue Type | Fixed Price IPO |
| Listing | BSE SME |
| Pre / Post Issue Shares | 62,60,000 / 86,00,000 |
| BRLM / Registrar | Finaax Capital Advisors Pvt. Ltd. / Bigshare Services Pvt. Ltd. |
| Investor Category | Shares Offered |
|---|---|
| Market Maker | 1,48,000 (5.07%) |
| NII (HNI) | 13,84,000 (47.40%) |
| Retail (RII) | 13,88,000 (47.53%) |
| Total | 29,20,000 (100.00%) |
| IPO Open | Mon, Dec 1, 2025 |
|---|---|
| IPO Close | Wed, Dec 3, 2025 |
| Tentative Allotment | Thu, Dec 4, 2025 |
| Initiation of Refunds | Fri, Dec 5, 2025 |
| Credit of Shares to Demat | Fri, Dec 5, 2025 |
| Tentative Listing | Mon, Dec 8, 2025 |
| UPI Mandate Cut-off | 5 PM on Wed, Dec 3, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,52,000 |
| Retail (Max) | 2 | 4,000 | ₹2,52,000 |
| HNI (Min) | 3 | 6,000 | ₹3,78,000 |
Minimum retail = 2 lots (4,000 shares). All amounts use the fixed price ₹63 unless stated otherwise.
Astron Multigrain manufactures instant noodles (contract manufacturing for clients such as Gokul Snacks Pvt. Ltd.) and sells under its own brand “Astron’s Swagy Noodles” (Mast Masala flavour). It also manufactures noodle bhujiya and papad. The manufacturing unit is located at Gondal, Rajkot, Gujarat with installed capacity of 5,110 MTA and holds FSSAI accreditation.
Geography & customers: Primarily B2B sales across Gujarat, Madhya Pradesh, Maharashtra and Bihar through super stockists supplying wholesalers and retailers. In FY25 ~79.82% revenue from own brand manufacturing and ~20.18% from contract manufacturing.
Selected financials (₹ Crore)
| Period Ended | Assets | Total Income | PAT | EBITDA | Net Worth | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Oct 2025 | 27.55 | 23.58 | 2.11 | 3.35 | 12.62 | 3.42 |
| 31 Mar 2025 | 21.79 | 33.92 | 2.31 | 4.06 | 10.51 | 4.28 |
| 31 Mar 2024 | 17.71 | 26.51 | 1.98 | 3.11 | 8.20 | 5.02 |
KPI (as of Mar 31, 2025): ROE 24.66% | ROCE 23.73% | Debt/Equity 0.41 | PAT Margin 6.80% | EBITDA Margin 11.98% | Price/Book 3.75 | Market Cap ~₹54.18 Cr.
| 1 | Funding capital expenditure towards purchase of machinery — ₹4.46 Cr |
|---|---|
| 2 | To meet working capital requirements — ₹5.65 Cr |
| 3 | General corporate purposes |
| Category | Subscription (times) | Shares Offered | Shares Bid |
|---|---|---|---|
| NII | 0.06 | 13,84,000 | 82,000 |
| Individual Investor | 0.40 | 13,88,000 | 5,56,000 |
| Total | 0.23 | 27,72,000 | 6,38,000 |
Total applications: 151 (Day 1 snapshot as provided). Subscription updates through the issue period may change; verify live exchange/broker feeds before applying.
Company Contact
- Astron Multigrain Ltd., Plot No. 17 To 21, Near Ram Hotel, Chordi, Gondal, Rajkot, Gujarat, 360311
- Phone: +91 88495 06534 | Email: cs@astronmultigrain.co.in
- Website: http://www.astronmultigrain.co.in/
Registrar
- Bigshare Services Pvt. Ltd. — Phone: +91-22-6263 8200 | Email: ipo@bigshareonline.com
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