Astron Multigrain IPO is set to open on December 1, 2025, and will close on December 3, 2025. This is a Fixed Price Issue aimed at raising approximately ₹18.40 crores, which includes a fresh issue of ₹14.74 crores and an offer for sale of up to 5,80,000 equity shares with a face value of ₹10 each. The IPO is priced at ₹63 per share.
The retail portion is 50%, and the HNI portion is 50%, while there is no allocation for QIBs. Astron Multigrain IPO is scheduled to list on the BSE SME platform on December 8, 2025, with the allotment to be announced on December 4, 2025.
Contents
Astron Multigrain IPO Key Details
| Detail | Information |
|---|---|
| IPO Open Date | December 1, 2025 |
| IPO Close Date | December 3, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price | ₹63 per share |
| Issue Size | Approx ₹18.40 crores |
| Fresh Issue | Approx ₹14.74 crores |
| Offer for Sale | Approx 5,80,000 equity shares |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
| Anchor Investors List | View PDF |
Astron Multigrain IPO
Open: 1-3 Dec
Issue Size: ₹18.40 Cr.
Objective: Use proceeds for machinery purchase and working-capital needs.
Exchange: BSE SME
Astron Multigrain IPO GMP Today
The Grey Market Premium (GMP) for the Astron Multigrain IPO is currently showing steady buying interest, indicating positive sentiment among SME IPO traders. As per the latest market buzz, the GMP is hovering in a moderate range, suggesting that the stock may list at a reasonable premium over its issue price of ₹63.
Although GMP is never a guaranteed indicator, the current trend reflects confidence driven by the company’s stable financials, strong revenue growth, and a healthy return ratio profile.
Investors are considering this IPO mainly for its long-term potential, but short-term listing gains also look possible if the GMP trend continues. Overall, the momentum remains encouraging, and traders are closely watching the premium movement until listing day.
Astron Multigrain IPO Review
Astron Multigrain has shown steady growth in revenue and profits over the last three years. Revenue rose from ₹26.51 crores in 2024 to ₹33.92 crores in 2025, while net profit increased from ₹1.98 crores to ₹2.31 crores in the same period. Based on the financials, the IPO appears suitable for long-term investors.
Astron Multigrain IPO Market Lot
The minimum market lot for the IPO is 4,000 shares, amounting to ₹2,52,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹2,52,000 |
| Retail Maximum | 2 | 4,000 | ₹2,52,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,78,000 |
Investor Allocation
| Investor Category | Shares Offered | % Share |
|---|---|---|
| NII | 13,84,000 | 47.40% |
| Retail | 13,88,000 | 47.53% |
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IPO Dates
| Event | Date |
|---|---|
| IPO Open | December 1, 2025 |
| IPO Close | December 3, 2025 |
| Basis of Allotment | December 4, 2025 |
| Refunds | December 5, 2025 |
| Credit to Demat Account | December 5, 2025 |
| IPO Listing Date | December 8, 2025 |
| Bidding Cut-off Time | December 3, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of Astron Multigrain are Mr. Jenish Parshottambhai Khunt and Ms. Poonam Jenish Khoont.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre-Issue | 62,60,000 | 99.99% |
| Promoter Holding Post-Issue | 86,00,000 | 66.05% |
Objects of the Issue
The proceeds from the IPO will be primarily used to fund capital expenditure and working capital requirements. Around ₹4.46 crores will be allocated towards purchasing machinery, and ₹5.65 crores will meet working capital needs. Remaining funds will be used for general corporate purposes.
About Astron Multigrain
Astron Multigrain Ltd. is a Gujarat-based company focused on producing high-quality multigrain products for domestic and institutional markets. The company specialises in processing and packaging nutritious grain-based products, catering to the growing demand for healthy and natural food options.
With steady revenue growth and expanding operations, Astron Multigrain aims to strengthen its market presence through modern machinery, better supply chain management, and product diversification.
Company Financials
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | 19.50 | 17.98 | 1.24 | 14.83 |
| 2024 | 26.51 | 23.94 | 1.98 | 17.71 |
| 2025 | 33.92 | 30.83 | 2.31 | 21.79 |
Valuation Metrics – FY2025
| KPI | Value |
|---|---|
| ROE | 24.66% |
| ROCE | 23.73% |
| EBITDA Margin | 11.98% |
| PAT Margin | 6.80% |
| Debt to Equity Ratio | 0.41 |
| EPS (Basic) | ₹3.69 |
| NAV | ₹16.79 |
| RoNW | 21.95% |
Peer Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income (₹ Cr) |
|---|---|---|---|---|---|
| Hindustan Unilever Ltd | 45.30 | 55.96 | 21.20 | 209.16 | 61,469 |
| Patanjali Foods Ltd | 35.96 | 52.92 | 12.06 | 314.04 | 34,156.97 |
| Marico Ltd | 11.91 | 56.18 | 32.35 | 36.92 | 7,581 |
Lead Manager
Finaax Capital Advisors Private Limited
Company Address
| Detail | Information |
|---|---|
| Name | Astron Multigrain Ltd. |
| Address | Plot No. 17 to 21, Near Ram Hotel, Chordi, Gondal, Rajkot, Gujarat, 360311 |
| Phone | +91 8849506534 |
| cs@astronmultigrain.co.in | |
| Website | http://www.astronmultigrain.co.in/ |
Registrar
| Detail | Information |
|---|---|
| Name | Bigshare Services Pvt. Ltd. |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/IPO_Status.html |
Astron Multigrain IPO FAQs
What is Astron Multigrain IPO?
Astron Multigrain IPO is an SME IPO to raise ₹18.40 crores at ₹63 per share, to be listed on BSE SME.
When will the IPO open?
December 1, 2025, and it will close on December 3, 2025.
What is the investor portion?
Retail: 50%, HNI: 50%, QIB: 0%.
How to apply?
Through ASBA via bank account, UPI, or offline stock broker forms.
What is the lot size?
Minimum bid is 4,000 shares worth ₹2,52,000.
When will be the Allotment and Listing Dates?
Allotment: December 4, 2025
Listing: December 8, 2025 on BSE
Expert Comment
Astron Multigrain shows consistent revenue growth and moderate profitability, making it an interesting long-term investment for SME IPO investors.
With a reasonable price band and clear objectives for fund utilisation, retail investors can consider participating while keeping their investment horizon medium to long term.
