Astron Multigrain Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹63
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,26,000
Issue Size
₹18.4 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50.07%
QIB Quota
0%
NII Quota
49.93%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Astron Multigrain Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Promoter Holding (Post-Issue)
66.05%
Issue Type
Fixed Price - SME
ISIN
INE0RUY01012
About the Company
Established in year 2018, the company is into manufacturing of instant noodles. We manufacture noodles on contract manufacturing basis for marketer who sells the product manufactured by us under their trade name. We also manufacture noodles for own brand sales which is sold under trade name "Astron's Swagy Noodles". Our instant noodles is available in one variant - 1. Mast Masala (Classic flavour). Our Company is also engaged in manufacturing of noodle bhujiya and papad. Instant Noodles are pre-cooked noodles, sold in dried blocks with flavouring powder and/or seasoning oil. The "instant" aspect comes from the fact that they only require hot water to rehydrate and cook, significantly reducing preparation time compared to traditional noodles. Ready to eat noodles are making a niche for itself based on its popularity for being tasty and quick to make.
Industry Overview
The Indian instant noodles market size stands at USD 1.59 billion in 2025 and is projected to reach USD 2.98 billion by 2030, reflecting a strong 13.39% CAGR. Rapid urban migration, quick-commerce penetration, and a growing appetite for global flavors are broadening both the buyer base and the usage occasions for the Indian instant noodles market. Urban households now combine traditional masala preferences with adventurous Korean variants, creating parallel value and volume growth streams. Retail digitalization, led by 10-minute delivery apps, is reshaping route-to-market economics, while packaging innovation in cup formats adds premium price ceilings without material demand erosion. Simultaneously, programs focusing on fortification, millet incorporation, and sodium reduction highlight the Indian instant noodles market's blend of nutrition and convenience in its offerings.
Company History
Our Company was incorporated as "Astron Multigrain Private Limited" as a private limited company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated August 1, 2018, issued by Registrar of Companies, Central Registration Centre. Thereafter, our Company was converted from a private limited company to public limited company pursuant to special resolution passed in the Extra-Ordinary General Meeting of the company dated October 16, 2023 and consequently, the name of our Company was changed from "Astron Multigrain Private Limited" to "Astron Multigrain Limited" and a fresh certificate of incorporation dated October 31, 2023 was issued to our Company by the Registrar of Companies, ROC Ahmedabad. The Corporate Identification Number of our Company is U15549GJ2018PLC103488.
Products & Services
- The Company is into manufacturing of instant noodles.
Growth Strategy
- Expand our existing product portfolio.
- Focus on consistently meeting quality standards.
- Maintaining cordial relationship with our Suppliers, Customer and employees.
- Equipment Maintenance and Calibration.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 29,20,000 equity shares of face value of Rs.10/- each (the "equity shares") of Astron Multigrain Limited ("the company" or "AML" or "the issuer") at price of Rs. 63/- per equity share for cash, aggregating to Rs. 18.40 crores comprising of fresh offer of 23,40,000 equity shares aggregating to Rs. 14.72 crores ("fresh offer") and an offer for sale of 5,80,000 equity shares by promoter ("selling shareholders") aggregating to Rs. 3.65 crores ("offer for sale") ("public offer"). The offer includes a reservation of 1,48,000 equity shares of face value of Rs.10/- each, at an offer price of Rs. 63/- per equity share for cash, aggregating Rs. 0.93 crores will be reserved for subscription by the market maker to the offer (the "market maker reservation portion"). The public offer less market maker reservation portion i.e. net offer of up to 27,72,000 equity shares of face value of Rs.10/- each, at an offer price of Rs. 63/- per equity share for cash, aggregating up to Rs. 17.46 crores is herein after referred to as the "net offer". The public offer and net offer will constitute 33.95% and 33.23%, respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 63/- for equity share of face value of Rs. 10 each. The floor price is 6.30 times times the face value times of the face value of the equity shares. Bids can made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoters and Management Team.
- Affordable Pricing.
- Well established Brand Name.
- Quality Compliance.
- Widespread Sales and Distribution Network.
- The company relies on a limited number of customers for its sales, and the loss of any major customer could adversely impact the company's revenue and profitability.
- The company relies on a limited number of suppliers for product procurement, and the loss of any key supplier could impact its business operations.
- The Company, Promoter, Directors, KMP, SMP and Group Company are involved in certain legal proceedings. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business and results of operations.
- The company's business is primarily dependent upon a continuing relationship with super stockist for sales of the company products. Any reduction or interruption in the business of these super stockists or a substantial decrease in orders placed by these super stockists may have an adverse impact on the revenues and operations of the Company.
- The inappropriate handling, processing or storage of its raw materials or products, or spoilage of and damage to such raw materials and products, or any real or perceived contamination in its products, could subject the company to regulatory action, damage its reputation and have an adverse effect on the company business, results of operations and financial condition.