Astron Multigrain IPO Shows Modest Response, Subscribed 1.22x on Day 3

Astron Multigrain Limited's initial public offering (IPO) has demonstrated modest investor interest through its third day of subscription. The issue price is ₹63 per share. The ₹18.40 crore IPO reached 1.22 times by 5:09:39 PM on day three. This indicates modest investor interest in this instant noodles manufacturer.

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Astron Multigrain IPO individual investors segment leads with moderate 1.94 times subscription. Non-institutional investors show weak interest at 0.50 times. Astron Multigrain IPO subscription reached modest 1.22 times on day three. It was led by Individual Investors (1.94x) and Non-Institutional Investors (0.50x). 

Subscription Status of Astron Multigrain IPO:

Here are the subscription details for Astron Multigrain IPO as of Day 3 (December 3, 2025, 5:09:39 PM):

Key Highlights - Day 3:

• Overall subscription reached modest 1.22 times, showing modest improvement from day two's 0.91 times
• Individual investors displaying moderate confidence at 1.94 times, building from day two's 1.53 times, indicating improved retail interest for this SME IPO
• Non-institutional investors showing weak performance at 0.50 times, improving from day two's 0.28 times but still indicating subdued HNI appetite for this instant noodles manufacturer
• Total applications reached 773, showing very limited investor participation for this SME IPO
• Cumulative bid amount reached ₹21.33 crores, exceeding the net offer size of ₹17.46 crores (excluding market maker portion) by approximately 1.2 times
• Market makers fully subscribed their allocation of ₹0.93 crores

Astron Multigrain IPO - Day 2 Subscription at 0.91 Times

Key Highlights - Day 2:

• Overall subscription reached limited 0.91 times, showing modest improvement from day one's 0.71 times
• Individual investors displaying moderate confidence at 1.53 times, building from day one's 1.10 times
• Non-institutional investors showing weak performance at 0.28 times, declining from day one's 0.32 times

Astron Multigrain IPO - Day 1 Subscription at 0.71 Times

Key Highlights - Day 1:

• Overall subscription reached weak 0.71 times, showing cautious initial investor interest
• Individual investors displaying moderate confidence at 1.10 times, showing measured retail interest
• Non-institutional investors showing weak performance at 0.32 times, indicating very weak HNI appetite

About Astron Multigrain Limited

Astron Multigrain Limited manufactures instant noodles, producing noodles on a contract basis for Gokul Snacks Private Limited, who sells them under their own brand. The company also sells under its own brand "Astron's Swagy Noodles", currently available in Mast Masala (Classic Flavour). Business model includes contract manufacturing (where everything from ingredients and raw material procurement, handling, and packaging is done by the company but clients sell products under their own brand) and own brand manufacturing (manufacturing and selling products under the company's own brand name). Apart from noodles, the company also makes noodle bhujiya and papad.