Astron Multigrain Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,384,000 (47%) | — | ₹872 Cr |
| Retail | — | 1,388,000 (48%) | — | ₹874 Cr |
| Market Maker | — | 148,000 (5%) | — | ₹9 Cr |
| Σ Total | — | 2,920,000 (100%) | — | ₹18,396 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹126,000 |
| Retail (Max) | 13 | 26,000 | ₹1,638,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,764,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,442,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Oct 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 24 | 34 | 27 |
| EBITDA | 3 | 4 | 3 |
| Profit After Tax | 2 | 2 | 2 |
| Net Worth | 13 | 11 | 8 |
| Total Assets | 28 | 22 | 18 |
| Reserves & Surplus | 6 | 4 | 2 |
| Total Borrowing | 3 | 4 | 5 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding Capital Expenditure towards purchase of machinery – 4.46
- To Meet Working Capital Requirements – 5.65
- General Corporate Purposes –
Company Overview
Incorporated in , Astron Multigrain manufactures instant noodles. It produces noodles on a contract basis for Gokul Snacks Pvt. Ltd., who sells them under their own brand. The company also sell under own brand “Astron’s Swagy Noodles”, currently available in Mast Masala (Classic Flavour).
Business Model
- Contract Manufacturing: In this vertical, everything from ingredients and raw material procurement, handling, and packaging is done by the company but the client sells products under own brand.
- Own Brand Manufacturing: In this vertical, it manufactures and sells products under the own brand name.
Apart from noodles, it also make noodle bhujiya and papad.
Manufacturing Facility: Gondal, Rajkot, Gujarat, with an installed capacity of 5110 MTA. The facility is accredited with FSSAI license under Food Safety and Standards Act, 2006.
Customers and market presence: The company markets and sells products in teh B2B segment, majorly in the states of Gujarat, Madhya Pradesh, Maharashtra and Bihar. The products are sold to Super Stockiest who supplies to the wholesalers and further distributed among retailers.
Segment-wise revenue: In FY 25, 79.82% of total revenue was derived from own brand manufacturing and 20.18% derived from contract manufacturing.
Competitive strengths
- Experienced Promoters and Management Team
- Affordable Pricing
- Well-established trade name
- Quality Compliance
- Widespread Sales and Distribution Network