Astron Multigrain IPO
Astron Multigrain IPO Details
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Open Date
01 Dec 2025
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Close Date
03 Dec 2025
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Listing Date
08 Dec 2025
- IPO Price Range
₹ 63
- IPO Size
₹ 18.40 Cr
- Listing Exchange
BSE SME
Astron Multigrain IPO Timeline
Astron Multigrain IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 1-Dec-2025 | 0.32 | 1.10 | 0.71 | |
| 2-Dec-2025 | 0.28 | 1.53 | 0.91 | |
| 3-Dec-2025 | 0.50 | 1.94 | 1.22 |
Last Updated: 03 December 2025 6:15 PM by 5paisa
Astron Multigrain is positioned as a wholesome blend crafted for everyday nutrition, bringing together a mix of grains chosen for balance, taste, and versatility. It’s made to suit modern households looking for healthier meal options without complicating their routine. Whether used for traditional dishes or quick daily recipes, it offers steady energy and a fuller, more satisfying texture. With its focus on quality and consistency, Astron Multigrain aims to support better eating habits while keeping flavours familiar and comforting.
Established in: 2018
Managing Director: Jenish Parshottambhai Khunt
Astron Multigrain Objectives
1. Funding Capital Expenditure towards purchase of machinery (₹4.46 Cr)
2. To Meet Working Capital Requirements (₹5.65 Cr)
3. General Corporate Purposes
Astron Multigrain IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹18.4 Cr |
| Offer For Sale | ₹133.81 Cr |
| Fresh Issue | ₹3.65 Cr |
Astron Multigrain IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
| Retail (Min) | 2 | 4,000 | 2,52,000 |
| Retail (Max) | 2 | 4,000 | 2,52,000 |
| S - HNI (Min) | 3 | 6,000 | 18,000 |
Astron Multigrain IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| Non-Institutional Buyers | 0.50 | 13,84,000 | 6,90,000 | 4.35 |
| Individual Investors (IND category bidding for 2 Lots) | 1.94 | 13,88,000 | 26,96,000 | 16.98 |
| Total** | 1.22 | 27,72,000 | 33,86,000 | 21.33 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 19.45 | 25.90 | 33.9 |
| EBITDA | 2.61 | 3.10 | 4.06 |
| Profit After Tax (PAT) | 1.24 | 1.98 | 2.31 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 14.83 | 17.71 | 21.79 |
| Share Capital | 2.65 | 6.26 | 6.26 |
| Total Liabilities | 14.83 | 17.71 | 21.79 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 2.73 | 0.68 | 0.85 |
| Net Cash Generated From / (used in) Investing Activities | -1.25 | -0.67 | -0.02 |
| Net Cash Generated From / (used in) Financing Activities | -1.18 | 0.002 | -1.14 |
| Net Increase / (Decrease) In Cash And Cash Equivalents | 0.30 | 0.01 | -0.31 |
Strengths
1. Dual business model: contract + own brands.
2. Diversified products: noodles, papad, snacks.
3. Growing revenue and profitability.
4. IPO funds to boost capacity and working capital.
Weaknesses
1. Low capacity utilisation (~43%).
2. High promoter shareholding; low float.
3. Heavy reliance on noodles for revenue.
4. Small scale vs larger FMCG players.
Opportunities
1. Rising demand for instant foods in India.
2. Scope to scale by improving utilization.
3. Ability to launch more snack categories.
4. Listing increases brand visibility.
Threats
1. Intense competition from big FMCG brands.
2. Consumer preference shifts may impact sales.
3. SME listing may face low liquidity.
4. Execution risks in scaling operations.
1. Exposure to growing FMCG instant noodles segment with B2B distribution across multiple states.
2. Consistent revenue and profit growth with improving margins (FY23–FY25).
3. IPO proceeds fund machinery purchase and working capital to boost capacity.
4. FSSAI and ISO certifications with rising own-brand manufacturing share strengthen positioning.
Astron Multigrain’s SME IPO offers exposure to a small but growing FMCG player focused on instant noodles and multigrain products, with proceeds aimed at capacity expansion and working capital, which supports near‑term growth. Operating mainly in B2B channels across states like Gujarat, Madhya Pradesh, Maharashtra and Bihar, it has shown consistent growth in revenue and profit over FY2023–FY2025, indicating execution capability. However, modest scale, geographic concentration and typical SME liquidity and governance risks mean the issue suits investors with high risk appetite and a longer holding view rather than conservative income‑seeking investors.
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FAQs
Astron Multigrain IPO opens from December 26, 2025 to December 28, 2025.
The size of Astron Multigrain IPO is ₹18.4 Cr.
The price band of Astron Multigrain IPO is fixed at ₹63 per share.
To apply for Astron Multigrain IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Astron Multigrain IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Astron Multigrain IPO is of 4000 shares and the investment required is ₹2,52,000.
The share allotment date of Astron Multigrain IPO is December 04, 2025
The Astron Multigrain IPO will likely be listed on December 08, 2025.
The book running lead manager for Astron Multigrain IPO is Finaax Capital Advisors Private Limited.
Astron Multigrain IPO plans to utilise the raised capital from the IPO for:
1. Funding Capital Expenditure towards purchase of machinery (₹4.46 Cr)
2. To Meet Working Capital Requirements (₹5.65 Cr)
3. General Corporate Purposes