Astron Multigrain IPO: Full Details, Dates, Price, Strengths, Risks, Financials & FAQs

- November 28, 2025

The Astron Multigrain IPO has officially opened for investors, and it has quickly attracted attention due to its presence in the fast-moving food products segment—particularly instant noodles and multigrain-based items. If you’re planning to apply, this detailed guide will help you understand everything about the company, its financial health, risks, strengths, price band, IPO dates, and expert-style analysis.

🔍 Astron Multigrain IPO Overview

Particular	Details
IPO Type	SME IPO
Industry	Instant noodles & related food products
Founded	2018
Promoter	Mr. Janish Parshottambhai Khunt
Exchange Proposed	BSE – SME
Face Value	₹10

📅 Astron Multigrain IPO Dates

Event	Date
IPO Opening Date	1 December 2025
IPO Closing Date	3 December 2025
Allotment Date (Tentative)	4 December 2025
IPO Listing Date (Tentative)	8 December 2025

These dates are crucial for investors planning to apply or track allotment and listing.

💰 Astron Multigrain IPO Details

Particular	Details
IPO Price Band	₹63 – ₹63 (fixed price)
Lot Size	2,000 shares
Minimum Investment	₹2,52,000
Issue Size	₹18.40 Crore
Apply Range for Retail Investors	₹2 – 5 Lakh

This is a high-ticket SME IPO, suitable for investors who are comfortable with larger minimum amounts.

🏢 About Astron Multigrain

Astron Multigrain is a manufacturer of instant noodles and related instant food products.
The company produces instant noodles under a contract manufacturing model for Go4U Snacks Private Limited.

The products are sold under different brand names and have a strong presence across:

Gujarat
Madhya Pradesh
Maharashtra
Bihar
Semi-urban and rural regions through kirana stores and local shops.

The company focuses on:

✔ Large-scale manufacturing
✔ Automation to reduce labor cost
✔ Long-term supplier relationships
✔ Strong branding in the instant food segment

🌟 Strengths of Astron Multigrain

1. Large-Scale Manufacturing Advantage

The company benefits from automation and efficient production processes that reduce per-unit cost, optimize raw material usage, and ensure better supply chain performance.

2. Strong Brand Recognition

Astron enjoys good market acceptance, especially for its “Astron Swad” products, which have helped build consumer trust in regional markets.

3. Strong Distributor & Retail Network

The company supplies major stockists across multiple states, helping it reach deep-tier markets that many brands struggle to access.

4. Industry Certifications

The company is ISO 22000:2018 certified, ensuring high standards in food safety and quality control.

5. Consistent Revenue & Profit Growth

Revenue increased from:

FY23: ₹19.49 crore
FY24: ₹25.48 crore
FY25: ₹29.30 crore

PAT increased from:

FY23: ₹1.24 crore
FY24: ₹1.58 crore
FY25: ₹2.31 crore

This shows a healthy upward trend.

⚠️ Risks of Astron Multigrain IPO

SME IPOs inherently carry higher risks. Key concerns include:

1. Heavy Dependence on Top Customers

One major customer contributed:

18.97% in FY25
18.12% in FY24
24.32% in FY23

Losing this customer could impact revenues significantly.

2. Dependence on a Single Supplier

One supplier accounted for:

20.54% of raw materials in FY25
13.31% in FY24

Supplier disruption could affect production.

3. Legal Proceedings

The company, directors, and management are involved in certain legal cases. Any negative judgment can impact brand value and financial stability.

4. Geographic Revenue Concentration

Gujarat alone contributes:

19.41% in FY25
18.81% in FY24

Any regional downturn may impact sales.

5. Negative Cash Flow in Certain Years

The company reported negative cash flow from investing activities, posing a risk to liquidity.

6. High Sensitivity to Raw Material Prices

Since the company operates in the low-cost noodles segment, even small increases in raw material price can hurt margins.

7. High Working Capital Requirements

Being in FMCG manufacturing, the company requires continuous operational funding.

📊 Astron Multigrain Financial Performance

Revenue (₹ in Crore)

FY23: ₹19.49 Cr
FY24: ₹25.48 Cr
FY25: ₹29.30 Cr

Profit After Tax (₹ in Crore)

FY23: ₹1.24 Cr
FY24: ₹1.58 Cr
FY25: ₹2.31 Cr

Total Assets & Equity Growth

Assets and equity have steadily increased, indicating expansion and reinvestment for future scalability.

👍 Pros of Astron Multigrain IPO

Strong growth in revenue and profits
Expanding consumer demand for instant foods
Low-cost products with high repeat usage
Long-standing customer and supplier relationships
ISO-certified manufacturing
Well-established distribution network
Automation reduces cost and increases efficiency

👎 Cons of Astron Multigrain IPO

High minimum investment of ₹2.52 lakh
Dependency on a few customers & suppliers
Regional concentration risk
Involvement in legal proceedings
SME IPOs generally carry higher volatility
Cash flow inconsistencies in the past

📌 Application Details: Who Can Apply?

Category	Can Apply?
Retail Investor (Individual)	✔ Yes

Minimum investment remains ₹2,52,000 for 1 lot.

❓ Top FAQs on Astron Multigrain IPO

1. What is the issue size of the Astron Multigrain IPO?

The total issue size is ₹18.40 crore.

2. What is “pre-apply”?

You can place your IPO application up to 4 days before the IPO opens.

3. When will my IPO application be placed?

It will be submitted to the exchange on the IPO opening date.

4. When will I know my allotment status?

Within 24 hours of allotment, you will receive a UPI mandate confirmation.

5. What are the IPO open and close dates?

1 December 2025 to 3 December 2025.

6. What is the lot size?

1 lot = 2,000 shares.

7. What is the minimum investment?

₹2,52,000.

8. When is the allotment date?

4 December 2025.

9. Where will the IPO be listed?

On the BSE – SME platform.

📉 Should You Apply for Astron Multigrain IPO? — Expert-Style Analysis

Astro Multigrain is showing solid growth, strong regional market presence, and a rising customer base in the instant food category. However, it faces risks related to customer dependency, legal proceedings, and working capital requirements.

Best for:

✔ Long-term investors
✔ Those comfortable with SME IPO volatility
✔ Investors bullish on FMCG & instant food sector

Not ideal for:

✘ Conservative investors
✘ Low-budget retail investors
✘ Those expecting instant listing gains without volatility

Overall View:
A fundamentally stable SME with strong growth, but carries typical SME risks. Ideal only for high-risk, long-term investors.