
Astron Multigrain IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Thu Nov 27 2025

The Astron Multigrain IPO is open for bidding from 1st December 2025 to 3rd December 2025. It is a bookbuilding IPO of ₹18.40 crore and entirely a fresh issue worth ₹23,00,000 shares, and the offer for sale is 6,00,000. The problem will be listed on BSE and SME on its tentative listing date, 8th December 2025.
Astron Multigrain IPO Details
The Astron Multigrain IPO date is fixed between 1st December 2025 and 3rd December 2025. The face value of Astron Multigrain shares stands at ₹10 per share, and the IPO Issue price band is set at ₹63 per share
Bigshare Services Private Limited is the registrar of the Astron Multigrain IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
| IPO Allotment Date | 4th December 2025 |
| IPO Open Date | 1st December 2025 |
| IPO Close Date | 3rd December 2025 |
| Refund Initiation | 5th December 2025 |
| Issue Size | 29,20,000 shares(aggregating up to ₹18.40 Cr) |
| Fresh Issue | 21,92,000 shares(aggregating up to ₹13.81 Cr) |
| Offer for Sale | 5,80,000 shares of ₹10(aggregating up to ₹3.65 Cr) |
| Face Value | ₹10 per share |
| Lot Size | 2,000 shares |
| Issue Price | ₹63 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Listing Date | 8th December 2025 |
Astron Multigrain IPO Share Reservation
Astron Multigrain IPO is a bookbuilding IPO issue of 23,00,000 shares worth ₹18.40 crores. Astron Multigrain IPO Limited shares will be listed on the BSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
| Investor Categories | Shares Offered | Shares Percentage |
| Market Maker Shares Offered | 1,48,000 | (5.07%) |
| NII (HNI) Shares Offered | 13,84,000 | (47.40%) |
| Retail Shares Offered | 13,88,000 | (47.53%) |
| Total Shares Offered | 29,20,000 | (100.00%) |
Astron Multigrain IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Astron Multigrain IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
| 2-12-2025 | – | – | – | – |
| 1-12-2025 | – | – | – | – |
| 30-11-2025 | ₹63.00 | ₹0.00 | ₹63.00 | 0.00% |
| 29-11-2025 | ₹63.00 | ₹0.00 | ₹63.00 | 0.00% |
| 28-11-2025 | ₹63.00 | ₹0.00 | ₹63.00 | 0.00% |
| 27-11-2025 | ₹63.00 | ₹0.00 | ₹63.00 | 0.00% |
| 26-11-2025 | ₹63.00 | ₹0.00 | ₹63.00 | 0.00% |
| 25-11-2025 | ₹63.00 | ₹0.00 | ₹63.00 | 0.00% |
| 24-11-2025 | ₹63.00 | ₹0.00 | ₹63.00 | 0.00% |
| 23-11-2025 | ₹63.00 | ₹0.00 | ₹63.00 | 0.00% |
As of 1st December 2025, Astron Multigrain IPO GMP stands at ₹0 per share, which means the share will likely show a listing at ₹63 on its tentative listing date, 8th December 2025.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Astron Multigrain IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.
Astron Multigrain IPO GMP Review

Check out the detailed Astron Multigrain GMP IPO review for a thorough understanding of its potential to report listing gains on 8th December 2025. The Astron Multigrain IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Astron Multigrain IPO.
Astron Multigrain Limited’s revenue soared by 28% from ₹26.51 crores in March 2024 to ₹33.92 crores in March 2025. Moreover, the company’s PAT increased by 16% from ₹1.98 crores in March 2024 to ₹2.31 crores in March 2025.
Astron Multigrain Ipo has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Astron Multigrain IPO, with its tentative listing day on 8th December 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Astron Multigrain IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 17.09 |
| EPS (Earnings Per Share) | 3.69 |
| RoNW | 21.95% |
| ROCE | 23.73% |
| ROE | 24.66% |
| EBITDA Margin | 11.98% |
| Price to Book Value | 3.75 |
| Market Capitalisation | ₹54.18 Cr. |
The PE ratio of Astron Multigrain Limited shares is 17.09, and its Earnings Per Share (EPS) stands at 3.69. Thus, the Astron Multigrain IPO can potentially deliver gains on its tentative listing date, 8th December 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Astron Multigrain Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
| Indicators | Pre-IPO | Post-IPO |
| PE Ratio | 17.09 | 14.95 |
| EPS | 3.69 | 4.21 |
Astron Multigrain IPO Subscription Status
The Astron Multigrain IPO is to be opened for bidding on 1st December 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Astron Multigrain IPO Subscription Status.
| Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
| Market Maker Shares Offered | 1,48,000 | Yet to be announced | Yet to be announced |
| NII (HNI) Shares Offered | 13,84,000 | Yet to be announced | Yet to be announced |
| Retail Shares Offered | 13,88,000 | Yet to be announced | Yet to be announced |
| Total Shares Offered | 29,20,000 | Yet to be announced | Yet to be announced |
About Astron Multigrain Limited

Astron Multigrain manufactures instant noodles. It produces noodles on a contract basis for Gokul Snacks Pvt. Ltd., which sells them under its own brand. The company also sells under its own brand, “Astron’s Swagy Noodles”, currently available in Mast Masala (Classic Flavour). The company has business models that include contract manufacturing and own-brand manufacturing.
Apart from noodles, it also makes noodle bhujiya and papad.
- Manufacturing Facility: Gondal, Rajkot, Gujarat, with an installed capacity of 5110 MTA. The facility is accredited and holds an FSSAI license under the Food Safety and Standards Act, 2006.
- Customers and market presence: The company markets and sells products in the B2B segment, primarily in Gujarat, Madhya Pradesh, Maharashtra, and Bihar. The products are sold to Super Stockists, who supply wholesalers, which in turn distribute them to 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.
The company offers around 60 routine and 487 specialised pathology tests, plus about 96 basic and 130 advanced radiology tests.
Astron Multigrain Limited Financials
The company’s financial analysis is essential before applying for the Astron Multigrain IPO. Look at the table to learn about Astron Multigrain Limited’s financials.
| Year Ended | 31st October 2025 (in cr.) | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) |
| Assets | 27.55 | 21.79 | 17.71 |
| Revenue | 23.58 | 33.92 | 26.51 |
| Profit After Tax | 2.11 | 2.31 | 1.98 |
| EBITDA | 3.35 | 4.06 | 3.11 |
| Net Worth | 12.62 | 10.51 | 8.20 |
| Reserves and Surplus | 6.36 | 4.25 | 1.94 |
| Total Borrowing | 3.42 | 4.28 | 5.02 |
Explanation
Astron Multigrain Limited’s revenue soared by 28% from ₹26.51 crores in March 2024 to ₹33.92 crores in March 2025. Moreover, the company’s PAT increased by 16% from ₹1.98 crores in March 2024 to ₹2.31 crores in March 2025.
Astron Multigrain IPO Bidding Requirements
Investors can bid for a Minimum of 4,000 shares in multiples of 2,000 Shares thereof. The following table shows the minimum and maximum investments by Individual Investors (Retail) and HNI, expressed in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Individual Investors (Retail) (Min) | 2 | 4,000 | ₹2,52,000 |
| Individual Investors (Retail) (Max) | 2 | 4,000 | ₹2,52,000 |
| HNI (Min) | 3 | 6,000 | ₹3,78,000 |
The Astron Multigrain IPO has reserved lot sizes for different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.
Use the lot size calculator to find how many shares you should apply!
Astron Multigrain Limited IPO Promoter Holdings
Have a look at the table below to check the holdings of Astron Multigrain Limited. Dr Ketan Jayantilal Jain, Dr Sanket Vinod Jain, Rohit Prakash Srivastava, Badal Kailash Naredi and Jayesh Prakash Jain are the promoters of the company.
| Shareholding Pre-Issue | 99.99% |
| Shareholding Post-Issue | 66.05 |
Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.
Aim of Astron Multigrain IPO
The primary aim of the Astron Multigrain IPO is to raise ₹18.40 crores. On the other hand, Astron Multigrain has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Astron Multigrain IPO.
- Funding Capital Expenditure towards the purchase of machinery
- To Meet Working Capital Requirements
- To General Corporate Purposes
Should I Invest in the Astron Multigrain IPO?
AML is in the business of manufacturing and marketing instant noodles for the B2B segment. It primarily does contract manufacturing for Gokul Snacks Pvt. Ltd. It also markets noodles under its own brand name, “Astron’s Swagy Noodles”. The company marked steady growth in its top and bottom lines for the reported periods. Based on its recent financial data, the issue appears fully priced. A small post-IPO equity base suggests a more extended gestation period for migration. Well-informed/cash surplus investors may park moderate funds for the medium term ~Dilip Davda (Chief Editor at Chittorgarh)
Explore the pros and cons of the Astron Multigrain to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades.
Pros of the Astron Multigrain IPO
- The company has experienced promoters and management teams
- The affordable pricing
- The company is a well-established trade name
- The company is quality compliant
Cons of the Astron Multigrain IPO
- The company has a high customer and geographic concentration
- The company has depended on the intermediaries and distributors
- The company has raw materials price volatility and input cost risk
How to Apply for Astron Multigrain IPO?

Follow the steps below to apply for Astron Multigrain Ltd.
- Step 1: Conduct thorough research on the Astron Multigrain IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for two lots of 4,000 shares worth ₹2,52,000
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Astron Multigrain IPO from more than one demat account to increase your allotment chances.
How to Check Astron Multigrain IPO Allotment Status?
You can check for the Astron Multigrain IPO allotment in different ways. These include BSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On BSE
- Visit the BSE Official Site
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Astron Multigrain IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Astron Multigrain IPO allotment status.
Let’s Wrap
The Astron Multigrain IPO is a bookbuilding issue of shares worth ₹18.40 crores. The shares of Astron Multigrain Limited will be listed on BSE and SME on its tentative listing date of 8th December 2025. Researching the Astron Multigrain IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Astron Multigrain IPO
How is the Astron Multigrain IPO?
Ans. Currently, on 1st December 2025, the Astron Multigrain GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹63 per share. It is a bookbuilding IPO of 23.00 lakh shares worth ₹18.40 crores. The face value of each Astron Multigrain share is ₹10.
What is the Astron Multigrain IPO price?
Ans. The Astron Multigrain IPO issue price band is set at ₹63 per share. Retail investors can apply for a minimum of 2 lots consisting of 4,000 shares worth ₹2,52,000. Moreover, HNIs are required to bid for a minimum of 3 lots (6,000 shares) worth ₹3,78,000.
Is the Astron Multigrain IPO good?
Ans. Astron Multigrain Limited’s revenue soared by 28% from ₹26.51 crores in March 2024 to ₹33.92 crores in March 2025. Moreover, the company’s PAT increased by 16% from ₹1.98 crores in March 2024 to ₹2.31 crores in March 2025.
Who is the registrar of the Astron Multigrain IPO?
Ans. Bigshare Services Pvt Limited is the registrar for the Astron Multigrain IPO, awaiting to manage the allotment process and initiation of refunds. For any queries regarding the Astron Multigrain allotment and refund, you can contact Bigshare Services Pvt. Ltd. at ipo@bigshareonline.com or +91-22-6263 8200.
What is the issue size of the Astron Multigrain IPO?
Ans. Astron Multigrain IPO is a bookbuilding IPO for 23.00 lakh shares worth ₹18.40 crore. Moreover, the IPO is set to open on 1st December 2025 and close on 3rd December 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Astron Multigrain IPO, download the Astron Multigrain IPO RHP and the Astron Multigrain IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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