Astron Multigrain IPO
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Astron Multigrain IPO details
Schedule of Astron Multigrain
| Issue open date | 01 Dec 2025 |
| Issue close date | 03 Dec 2025 |
| UPI mandate deadline | 03 Dec 2025 (5 PM) |
| Allotment finalization | 04 Dec 2025 |
| Refund initiation | 05 Dec 2025 |
| Share credit | 05 Dec 2025 |
| Listing date | 08 Dec 2025 |
| Mandate end date | 18 Dec 2025 |
| Lock-in end date for anchor investors (50%) | 03 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 04 Mar 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Astron Multigrain
Astron Multigrain Limited, incorporated in 2018 and converted into a public company in 2023, is a food products manufacturer based in Chordi, Gondal, Rajkot, Gujarat. The company is promoted by Mr Jenish Parshottambhai Khunt and Ms Poonam Jenish Khoont. It specialises in manufacturing and processing instant noodles, pre-cooked noodles, seasonings, sauces, snacks, cereals, and other edible consumer products. Its operations span procurement, production, packing, quality control, and distribution, supported by modern systems for inventory and process management.
Astron Multigrain follows a cost-efficient, quality-focused business model that emphasises timely supply, strong quality control, logistics discipline, and customer-centric service. The company holds key certifications such as HACCP and ISO 22000:2018, reflecting its commitment to food safety and operational excellence. Products are marketed under registered brands, including ASTRON and XOUPIE, strengthening the company’s market presence in the packaged food segment.
Financials of Astron Multigrain
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 18.40 |
| Fresh Issue – Proceeds go to the company | 14.75 |
| Offer for sale – Proceeds go to the existing investors | 3.65 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding Capital Expenditure (Machinery) | 4.46 (30.24%) |
| Working Capital Requirements | 5.65 (38.30%) |
| General corporate purpose | 4.64 (31.46%) |
Strengths
- Integrated manufacturing setup with strong food safety certifications.
- Diverse product range including noodles, seasonings, sauces, and snacks.
- Strong focus on quality control, timely supply, and disciplined logistics.
- Established packaged food brands such as ASTRON and XOUPIE.
- Experienced promoters with industry understanding and operational oversight.
Risks
- High dependence on a single manufacturing facility.
- Vulnerability to fluctuations in raw material prices.
- Reliance on efficient logistics and distribution for timely supply.
- Operating in a highly competitive packaged food market.
- Any lapse in food safety compliance may impact operations and brand trust.
Allotment Status for Astron Multigrain
To check your IPO allotment status:
- Visit the Bigshare Services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Astron Multigrain
As per media reports (Link), the Grey Market Premium (GMP) of Astron Multigrain is reported at ₹12 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on December 03, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| NII | 13.84 | 6.90 | 0.50x |
| Retail | 13.88 | 26.92 | 1.94x |
| Total | 27.72 | 33.82 | 1.22x |