- POSITIVE
Annual Revenue Astron Multigrain Mar-2026 Annual Revenue is Rs 49 Cr which is growth of 43.3% YoY.
- POSITIVE
Annual Net Profit Astron Multigrain Mar-2026 Annual Net Profit is Rs 3 Cr which is growth of 49.5% YoY.
Astron Multigrain was incorporated on August 1, 2018. The company manufactures noodles on a contract basis for Gokul Snacks, which sells them under its own brand, and also produces noodles under its own brand “Astron’s Swagy Noodles” in a Mast Masala variant. It additionally manufactures noodle bhujiya and papad, catering to the growing demand for quick, tasty, ready-to-eat noodle products
| Bidding Dates |
|---|
| 01 Dec 2025 - 03 Dec 2025 |
| Subscription |
|---|
| 1.21x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹252,000 | 2 | 2 | 2000 | 2.9 M | ₹63 | 66.05 % | ₹184.0 M | RHP DOC |
Astron Multigrain IPO SUBSCRIPTION STATUS
03 Dec '25Total1.21x
Retail Individual Investor1.85x
HNI (NII) Investors0.57x
Qualified Institutional Buyers-
Astron Multigrain IPO overall subscription rate was 1.21 times the total available shares
Astron Multigrain IPO retail subscription rate was 1.85 times in the retail segment
Astron Multigrain IPO non-institutional investor subscription rate was 0.57 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
03 Dec 2025 (Day 3) | 1.85x | 0.57x | - |
02 Dec 2025 (Day 2) | 1.45x | 0.37x | - |
01 Dec 2025 (Day 1) | 1.04x | 0.3x | - |
Astron Multigrain FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 7MFY26 | 23.6 | 2.1 | 1.0 | 1.0 | 14.2% |
| FY25 | 33.9 | 2.3 | 0.8 | 0.8 | 12.0% |
| FY24 | 25.9 | 2.0 | 0.7 | 0.0 | 12.0% |
| FY23 | 19.5 | 1.2 | 2.7 | 1.5 | 13.4% |
Astron Multigrain IPO SUBSCRIPTION STATUS DETAILS
Astron Multigrain had 2.9 M shares on offer
Astron Multigrain IPO offer price was ₹63
Astron Multigrain IPO minimum Investment was ₹252000
Astron Multigrain IPO issue size was ₹ 184.0 M
Astron Multigrain had a minimum lot size of 2000 Shares per application
Astron Multigrain NUMBER OF SHARES ON OFFER
Total2.9 M
Fresh Issue2.3 M
Offer for Sale580.0 K
Post Issue Promoter Holding %66.05 %
Astron Multigrain IPO IMPORTANT DATES
| Issue Open Date | 01 Dec 2025 |
| Issue close Date | 03 Dec 2025 |
| Allotment Date | 04 Dec 2025 |
| Refund Date | 05 Dec 2025 |
| Demat Account Credit Date | 05 Dec 2025 |
| Listing Date | 08 Dec 2025 |
| Listing on Exchange(s) | BSE |
| Astron Multigrain Allotment Status | Exchange/ Registrar |
Astron Multigrain IPO subscription opened on 01 Dec 2025, and closed on 03 Dec 2025
IPO allotment for Astron Multigrain was finalized on Thursday, 04 Dec 2025
IPO listing for Astron Multigrain was on BSE on Monday, 08 Dec 2025
Astron Multigrain IPO LISTING GAINS
| Issue Price (adjusted) | 63.0 |
| Listing Open Price | 50.4 |
| Listing Close Price | 47.9 |
| Listing Gain% | -20.0% |
| Current Gain% | -71.1% |
Astron Multigrain Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Astron Multigrain Ltd. | 18.2 | 15.6 | 4.5 | 0.1 | 0.3 | 12.7 | 9.4 | 48.6 | 43.3 | 3.4 | 49.5 | 4 | 49.5 |
| Hindustan Unilever Ltd. | 1933.5 | 454293.5 | 30.4 | 0.8 | 6.8 | 30.8 | 18.8 | 65219 | 1.7 | 15040 | 41.2 | 63.7 | 38.6 |
| Marico Ltd. | 824.6 | 107207 | 56.8 | 4.3 | 7.5 | 41.8 | 17.5 | 13815 | 25.1 | 1762 | 8.2 | 14.5 | 13.1 |
| Godrej Consumer Products Ltd. | 875 | 89539.2 | 46.8 | 14.6 | 5.6 | 14.7 | 8.7 | 15444.1 | 5.2 | 1861.5 | 0.5 | 18.7 | 3.2 |
| Dabur India Ltd. | 385.7 | 68421.5 | 34.7 | 3.2 | 5 | 16.6 | 10.8 | 13792.3 | 5.2 | 1895 | 7.2 | 11.1 | 10.7 |
| Colgate-Palmolive (India) Ltd. | 1854.8 | 50447.9 | 37.4 | -11.4 | 8.1 | 83.7 | 38.9 | 6124.2 | -0.9 | 1325.3 | -7.8 | 49.6 | -3.3 |
Annual
Balance Sheet
Ratios
Cash Flow
Astron Multigrain annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|---|---|
35.6% | 48.6 | 33.9 | 26.5 | 19.5 | ||
Operating Exp. Ann. | 36.7% | 43.2 | 29.8 | 22.8 | 16.9 | |
Operating Profit Ann. | 26% | 5.2 | 4.1 | 3.1 | 2.6 | |
OPM Ann. % | -7.1% | 10.73% | 11.98% | 11.72% | 13.40% | |
34.7% | 44 | 30.8 | 23.9 | 18 | ||
EBITDA Ann. | 27.6% | 5.4 | 4.1 | 3.7 | 2.6 | |
EBITDA Ann. margin % | -6.1% | 11.13% | 12.01% | 14.02% | 13.46% | |
Interest Ann. | -30.7% | 0.2 | 0.4 | 0.6 | 0.6 | |
Depr. | 6.3% | 0.6 | 0.6 | 0.6 | 0.5 | |
PBT Ann. | 45.3% | 4.6 | 3.1 | 2.6 | 1.5 | |
Tax Ann. | 58.7% | 1.2 | 0.8 | 0.6 | 0.3 | |
42.9% | 3.5 | 2.3 | 2 | 1.2 | ||
Net Profit Ann. | 42.9% | 3.5 | 2.3 | 2 | 1.2 | |
NPM Ann. % | 3.9% | 7.12% | 6.80% | 7.66% | 6.35% | |
EPS Adj. latest Ann. | 41.9% | 4 | 2.7 | 2.3 | 1.4 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
43.4%
2Y CAGR
35.4%
3Y CAGR
35.6%
Net Profit Ann.
1Y CHG
52.2%
2Y CAGR
32.3%
3Y CAGR
42.9%
Operating Exp. Ann.
1Y CHG
45%
2Y CAGR
37.6%
3Y CAGR
36.7%
Astron Multigrain INFORMATION ON IPO ISSUE
About Astron Multigrain
Astron Multigrain was incorporated on August 1, 2018. The company manufactures noodles on a contract basis for Gokul Snacks, which sells them under its own brand, and also produces noodles under its own brand “Astron’s Swagy Noodles” in a Mast Masala variant. It additionally manufactures noodle bhujiya and papad, catering to the growing demand for quick, tasty, ready-to-eat noodle products
Object of the Issue
- Funding capital expenditure towards the purchase of machinery
- To meet working capital requirements
- General corporate purposes
Astron Multigrain - PROMOTERS
| Name |
|---|
| Jenish Parshottambhai Khunt |
| Poonam Jenish Khoont |
Astron Multigrain - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Jenish Parshottambhai Khunt | Chairman & Managing Director |
| Poonam Jenish Khoont | Non-Executive Director |
| Drashti Laxmikant Solanki | Independent Director |
| Siddharth P Gajra | Independent Director |
Astron Multigrain Lead Manager to the issue
Finaax Capital Advisors Private Limited
info@finaaxcapital.com
Astron Multigrain Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Astron Multigrain Strengths
Affordable pricing
The company’s key competitive advantage lies in offering affordable products to a wide consumer base, including middle- and lower-income families and students. Large-scale production, supplier negotiation, optimized automation, and cost-efficient operations help lower per-unit manufacturing costs
Strength
Established trade name
The company has built strong brand equity with its “Astron Swagy” products by consistently delivering reliable, affordable, and high-quality offerings. This focus on quality, taste consistency, and innovative packaging has fostered consumer trust and loyalty
Strength
Quality compliance
The company enforces strict quality control across sourcing, manufacturing, packaging, and distribution, with raw materials tested in-house. Accredited by FSSAI, HACCP, and ISO 22000:2018, this commitment ensures consistent product quality, building strong customer trust and brand credibility
Strength
Astron Multigrain Risks
Quality & safety standards
Failure to maintain strict quality and safety standards could lead to regulatory action, product recalls, or reputational harm. As a food processing company, compliance with extensive regulations on raw materials, manufacturing, labeling, and hygiene is critical
Risk
Competition
The instant noodle industry is highly competitive, dominated by large brands with strong financial, marketing, and distribution capabilities. As a smaller player, the company may face challenges in gaining or maintaining market share against these established competitors
Risk
Raw material price volatility
The company depends on third-party suppliers for raw materials and is exposed to price fluctuations and potential supply shortages. These cost variations may impact margins and profitability, adversely affecting the business and financial performance
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 3.6 crore, of 580,000 shares. It also consists of a fresh issue of Rs 14.7 crore.
The promoters of the company are Jenish Parshottambhai Khunt and Poonam Jenish Khoont.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 63.0 - 63.0.
The IPO application opens on Dec 01, 2025 and closes on Dec 03, 2025.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 252,000.0, the maximum value for this IPO is Rs 252,000.0.
This IPO will be allotted on Dec 04, 2025.
The refund will be credited to your account on Dec 05, 2025.
The allotted shares will be credited to your demat on Dec 05, 2025.
Astron Multigrain Ltd.’s shares listed on the stock exchanges on Dec 08, 2025.