Incorporated in , Astron Multigrain manufactures instant noodles. It produces noodles on a contract basis for Gokul Snacks Pvt. Ltd., who sells them under their own brand. The company also sell under own brand “Astron’s Swagy Noodles”, currently available in Mast Masala (Classic Flavour).Business ModelContract Manufacturing: In this vertical, everything from ingredients and raw material procurement, handling, and packaging is done by the company but the client sells products under own brand.Own Brand Manufacturing: In this vertical, it manufactures and sells products under the own brand name.Apart from noodles, it also make noodle bhujiya and papad.Manufacturing Facility: Gondal, Rajkot, Gujarat, with an installed capacity of 5110 MTA. The facility is accredited with FSSAI license under Food Safety and Standards Act, 2006.Customers and market presence: The company markets and sells products in teh B2B segment, majorly in the states of Gujarat, Madhya Pradesh, Maharashtra and Bihar. The products are sold to Super Stockiest who supplies to the wholesalers and further distributed among 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.Competitive strengthsExperienced Promoters and Management TeamAffordable PricingWell-established trade nameQuality ComplianceWidespread Sales and Distribution Network
| Category | Shares Offered* | Total Amt* (₹ Cr.) |
|---|---|---|
|
Anchor
|
148,000 | ₹0.930 |
|
NII
|
1,384,000 | ₹8.720 |
|
Retail
|
1,388,000 | ₹8.740 |
| Total ** | 2,920,000 | ₹18.400 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min — 2 Lots) | 2 | 4,000 | ₹252,000 |
| Retail (Max — 13 Lots) | 13 | 26,000 | ₹1,638,000 |
| S-HNI (Min — 14 Lots) | 14 | 28,000 | ₹1,764,000 |
| S-HNI (Max — 66 Lots) | 66 | 132,000 | ₹8,316,000 |
| B-HNI (Min — 67 Lots) | 67 | 134,000 | ₹8,442,000 |
| Category | QIB | NII | Retail | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | |||
| Allocation (No. of shares) | — | — | — | — | — | 1,384,000 | 1,388,000 | 2,772,000 |
| Allotment price (Rs.) | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 |
| No. of applications | — | — | — | — | — | — | — | — |
| No. of shares applied | — | — | — | — | — | — | — | — |
| Amount collected (Rs.cr.) | — | 0.93 | — | — | — | 8.72 | 8.74 | 17.46 |
| No. of times subscribed | — | — | — | — | — | — | — | — |
| No. of shares allotted | — | — | — | — | — | 1,384,000 | 1,388,000 | 2,772,000 |
| Amount (Rs.cr.) | — | 0.93 | — | — | — | 8.72 | 8.74 | 17.46 |
| No. of allottees | — | — | — | — | — | — | — | — |
| Category | Shares Offered | Amt (₹ Cr) | Size (%) |
|---|---|---|---|
| Anchor / Market Maker | 148,000 | ₹0.93 |
5.07%
|
| NII / HNI | 1,384,000 | ₹8.72 |
47.40%
|
| Retail (RII) | 1,388,000 | ₹8.74 |
47.53%
|
| Total | 2,920,000 | ₹18.40 |
100.00%
|
| Particulars | 31 Oct 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 23.58 | 33.92 | 26.51 |
| EBITDA | 3.35 | 4.06 | 3.11 |
| Profit After Tax (PAT) | 2.11 | 2.31 | 1.98 |
| Net Worth | 12.62 | 10.51 | 8.20 |
| Total Assets | 27.55 | 21.79 | 17.71 |
| Reserves & Surplus | 6.36 | 4.25 | 1.94 |
| Total Borrowings | 3.42 | 4.28 | 5.02 |
| EBITDA Margin (%) | 11.98% | — | — |
| PAT Margin (%) | 6.80% | — | — |
Astron Multigrain Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI: