Astron Multigrain IPO is a book-built issue worth ₹18.40 crore. The issue is a combination of fresh issue of 0.23 crore shares aggregating to ₹14.74 crores and offer for sale of 0.06 crore shares aggregating to ₹3.65 crore. The IPO will open for subscription on December 1, 2025, and close on December 3, 2025.
The basis of allotment is expected to be finalised on December 4, 2025, with tentative listing scheduled on BSE SME for December 8, 2025. The price band for the Astron Multigrain IPO has been fixed at ₹63 per share.
Investors can bid for Astron Multigrain IPO with a minimum of 2 lots of, each having 2,000 shares. For retail investors, the minimum investment required is ₹2,52,000. For high-net-worth investors (HNI), the lot size stands at 3 lots, equal to 6,000 shares, amounting to ₹3,78,000.
Finaax Capital Advisors Private Limited is the book running lead manager (BRLM), and Bigshare Services Pvt.Ltd is the registrar of the issue. Detailed information is available in the Astron Multigrain IPO RHP.
Astron Multigrain IPO Objectives
Astron Multigrain will use the funds raised from the public issue for the following:
- Funding capital expenditure towards the purchase of machinery
- Working capital requirements
- General corporate purposes
About Astron Multigrain Limited
Incorporated in 2018, Astron Multigrain Limited is engaged in the manufacturing of instant noodles. We operate primarily on a contract manufacturing basis for Gokul Snacks Private Limited, producing noodles that are marketed and sold under their brand name.
In addition to contract manufacturing, we also produce noodles under our own brand, “Astron’s Swagy Noodles.” At present, our instant noodles are available in one variant: Mast Masala (Classic Flavour). Beyond noodles, the company also manufactures noodle bhujiya and papad, broadening our presence in the snacks segment.
Instant noodles are pre-cooked, dehydrated noodle blocks accompanied by flavouring powder and/or seasoning oil. Their key appeal lies in the convenience they offer—requiring only hot water for quick rehydration and cooking, making them significantly faster to prepare than traditional noodles. With rising consumer demand for quick, tasty, and easy-to-prepare foods, ready-to-eat noodles continue to carve out a strong niche in the market.
Industry Outlook
- The global ready-to-eat (RTE) foods market is set for steady growth, rising from USD 425.39 billion in 2025 to USD 626.13 billion by 2032, supported by a 5.68% CAGR. This reflects sustained consumer demand for convenient and time-saving food options.
- Europe remains the leading region with a 33.41% market share in 2024, while the U.S. market is projected to reach USD 116.96 billion by 2032, driven by increasingly busy lifestyles and rising preference for ready-to-eat meal formats.
- Global RTE growth is supported by major established manufacturers such as Nissin Foods, Nestlé, Ajinomoto, General Mills, McCain Foods, and Conagra Brands, indicating a competitive and innovation-driven industry environment.
- In India, the instant noodles segment is expanding at a robust 13.39% CAGR, with the market expected to rise from USD 1.59 billion in 2025 to USD 2.98 billion by 2030. Factors such as urbanisation, quick-commerce delivery channels, and evolving consumer tastes are accelerating this growth.
How To Apply for the Astron Multigrain IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Astron Multigrain IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Astron Multigrain IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Astron Multigrain IPO
Plot No. 17 To 21, Near Ram Hotel, Chordi, Gondal, Rajkot, Gujarat-360311, India
Phone: +91 8849506534
E-mail:astromultigrain.co.in
Astron Multigrain IPO Reservation
| Investor Category | Shares Offered | % of Total |
| Market Maker Shares Offered | 1,48,000 | 5.07% |
| NII (HNI) Shares Offered | 13,84,000 | 47.40% |
| Retail Shares Offered | 13,88,000 | 47.53% |
| Total Shares Offered | 29,20,000 | 100.00% |
Astron Multigrain IPO Lot Size Details
| 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 |
Astron Multigrain IPO Promoter Holding
Mr. Jenish Parshottambhai Khunt and Ms. Poonam Jenish Khoont are the promoters of the company.
| Share Holding Pre-Issue | 98.99% |
| Share Holding Post Issue | - |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Astron Multigrain IPO
| KPI | Value |
| ROE (%) | 24.66 |
| ROCE (%) | 23.73 |
| RoNW (%) | 21.95 |
| PAT Margin (%) | 6.80 |
| EBITDA Margin (%) | 11.98 |
Astron Multigrain IPO Registrar and Lead Managers
Astron Multigrain IPO Lead Managers
- Finaax Capital Advisors Private Limited
Registrar for Astron Multigrain IPO
Bigshare Services Pvt.Ltd.
- Contact Number: 022 - 6263 820
- Email Address: ipo@bigshareonline.com
Financial Performance of Astron Multigrain Limited
| Particulars | Period Ended on Oct 31, 2025 | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
| Revenue from Operations (in ₹ lakhs) | 2,357.87 | 3,390.58 | 2,589.53 | 1,949.28 |
| EBITDA (in ₹ lakhs) | 334.80 | 406.25 | 310.55 | 261.40 |
| EBITDA Margin (%) | 14.20 | 11.98 | 11.99 | 13.41 |
| Profit/loss After Tax (in ₹ lakhs) | 211.42 | 230.71 | 198.38 | 123.96 |
| PAT Margin (%) | 8.97 | 6.80 | 7.66 | 6.36 |
| Debt to Equity Ratio (x) | 0.21 | 0.41 | 0.61 | 1.75 |
| Net Worth (in ₹ lakhs) | 1,262.38 | 1,050.96 | 820.25 | 381.88 |
Strengths and Opportunities of Astron Multigrain Limited
- Experienced promoters bring 5–7 years of industry expertise, ensuring strong strategic and operational leadership.
- Affordable pricing enables deep market penetration among middle- and lower-income consumers and students.
- Well-established “Astron Swagy” brand fosters trust, recognition, and repeat consumer loyalty.
- Stringent end-to-end quality compliance backed by in-house laboratory testing ensures product reliability.
- Wide sales and distribution network across multiple states supported by strong super-stockist relationships.
- Harmonious labour–management relations support a stable, efficient, and productive manufacturing environment.
- Plan to expand product portfolio by introducing new flavours like Manchurian and Peri Peri to meet evolving tastes.
- Focus on consistently adhering to ISO-certified quality standards to strengthen market credibility and consumer trust.
Risks and Threats of Astron Multigrain Limited
- Volatility in local and global economic conditions may directly impact business performance.
- Regulatory changes across our operating sectors could affect operations and compliance costs.
- Rising industry competition may pressure pricing, margins, and market share.
- Industry-specific challenges and external market factors may hinder growth prospects.
- Inability to meet capital expenditure needs could constrain expansion plans.
- Fluctuations in operating costs may impact profitability and financial stability.
- Difficulty in attracting and retaining qualified personnel may weaken operational efficiency.
- Political instability or unfavourable policy shifts could negatively influence business operations and demand.
