Astron Multigrain came to market through an SME IPO that opened on 1 December 2025 and closed on 3 December 2025, and the shares listed on 8 December 2025 on BSE SME. The price band was ₹63 per share and one lot was 2000 shares, so the minimum application was ₹1,26,000. The issue size was ₹18.4 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Bigshare Services Pvt Ltd was the registrar to the issue, and Finaax Capital Advisors Private Limited was the lead manager.
As of 3 December 2025.
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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 Model: Contract Manufacturing: Under this, everything is done by the company-from ingredient and raw material procurement to handling and packaging-but products are sold by clients under their brand. Own Brand Manufacturing:
It manufactures and sells products under its own brand name in this vertical. 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 with FSSAI license under Food Safety and Standards Act, 2006. Customer and market presence: The company is selling its products in the teh B2B segment, majorly within the states of Gujarat, Madhya Pradesh, Maharashtra, and Bihar.
The products are sold to Super Stockiest who then supplies to the wholesalers and further distributes among retailers. Segment-wise revenue comprises 79.82% of total revenues derived from own brand manufacturing and 20.18% derived from contract manufacturing in FY 25.
As described in the offer document.
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Mr. Jenish Parshottambhai Khunt, Ms. Poonam Jenish Khoont. Promoter holding 99.99% before the issue and 66.05% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Astron Multigrain IPO was a ₹18.4 crore fixed-price issue, comprising a fresh issue of ₹14.75 crore and an offer for sale of ₹3.65 crore. It was priced at ₹63 per share with a lot size of 2,000 shares; the minimum retail application was 4,000 shares (₹2,52,000). The IPO was open from December 1 to December 3, 2025 and was subscribed 1.27x.
Shares listed on BSE SME on December 8, 2025 at ₹50.40, a 20.0% discount to the issue price of ₹63. Bigshare Services Pvt Ltd is the registrar. Finaax Capital Advisors Private Limited is the book running lead manager.
The issue price of Astron Multigrain IPO is ₹63 per share (fixed price).
The lot size of Astron Multigrain IPO is 2000 shares.
The minimum investment for Astron Multigrain IPO is approximately ₹2,52,000 based on the issue price.
The allotment date of Astron Multigrain IPO is Dec 4, 2025.
You can check Astron Multigrain IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Astron Multigrain IPO allotment status on Rupix for quick and easy access.
₹63 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,26,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,26,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 1 December 2025 and closed on 3 December 2025.
The basis of allotment was published on 4 December 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 8 December 2025 on BSE SME.
The issue size was ₹18.4 crore. The fresh issue was 23,40,000 shares (aggregating up to ₹14.75 crore). The offer for sale was 5,80,000 shares (aggregating up to ₹3.65 crore).