Astron Multigrain Limited IPO
Astron Multigrain Limited is a manufacturer of instant noodles and related ready-to-eat products. Established in 2018 as Astron Multigrain Private Limited, the company converted into a public limited entity in October 2023. Headquartered and operated from Gondal (Rajkot, Gujarat), the company serves B2B markets by supplying instant noodles, noodle bhujiya and papad.
Business Model
The company manufactures instant noodles through a dual business model:-
1. Contract Manufacturing: for third-party brands (such as Gokul Snacks Private Limited), handling sourcing, ingredients, packaging, and quality control while the client manages branding and marketing.
2. Own Brand Manufacturing: produces noodles under its own brand “Astron’s Swagy Noodles,” where the company retains complete control over procurement, production, marketing, and distribution, enabling it to build market presence and brand equity.
Product Portfolio
Astron manufactures ready-to-eat products such as:
i) Instant noodles (Classic Mast Masala)
ii) Noodle bhujiya
iii) Papad
Instant noodles are targeted at mass-consumption segments due to affordability, convenience and long shelf life. The company’s products are primarily consumed by students, working professionals, single households, families and users with limited cooking facilities.
Distribution Model
Astron sells primarily through B2B supply channels. Products are marketed in Gujarat, Madhya Pradesh, Maharashtra, and Bihar through a network of super stockists. These stockists supply wholesalers who further distribute to retail shops, enabling deep penetration into urban, semi-urban and rural markets.
Competitive Strengths
i) Experienced promoters and efficient workforce
ii) Affordable pricing through large-scale production
iii) Growing brand presence under “Astron Swagy”
iv) Strict quality compliance (FSSAI & ISO certified)
v) Wide distribution network through super stockists
vi) Cordial labour relations, with majority female employment in production roles
Objects of the Astron Multigrain Limited IPO:
Astron Multigrain Limited IPO Details:
| Open Date: | Dec 01 2025 |
| Close Date: | Dec 03 2025 |
| Total Shares: | 29,20,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Fixed Price |
| Issue Size: | 18.40 Cr. |
| Lot Size: | 2000 Shares |
| Issue Price: | ₹ 63 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Dec 08 2025 |
Promoters And Management:
Financials of Astron Multigrain Limited IPO:
To be updated shortly
Comparison With Peers:
To be updated shortly
Lead Manager of Astron Multigrain Limited IPO:
Registrar of Astron Multigrain Limited IPO:
Discussion on Astron Multigrain Limited IPO:
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