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
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 strengths
Astron Multigrain Ltd.’s revenue increased by 28% and profit after tax (PAT) rose by 16% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Oct 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 27.55 | 21.79 | 17.71 | 14.83 |
| Total Income | 23.58 | 33.92 | 26.51 | 19.50 |
| Profit After Tax | 2.11 | 2.31 | 1.98 | 1.24 |
| EBITDA | 3.35 | 4.06 | 3.11 | 2.61 |
| NET Worth | 12.62 | 10.51 | 8.20 | 3.82 |
| Reserves and Surplus | 6.36 | 4.25 | 1.94 | 1.17 |
| Total Borrowing | 3.42 | 4.28 | 5.02 | 6.70 |
| Amount in ₹ Crore | ||||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 24.66% |
| ROCE | 23.73% |
| Debt/Equity | 0.41 |
| RoNW | 21.95% |
| PAT Margin | 6.80% |
| EBITDA Margin | 11.98% |
| Price to Book Value | 3.75 |
| Market Capitalization | ₹54.18 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.69 | 4.21 |
| P/E (x) | 17.09 | 14.95 |
Note:
The Company Astron Multigrain IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding Capital Expenditure towards purchase of machinery | 4.46 |
| 2 | To Meet Working Capital Requirements | 5.65 |
| 3 | General Corporate Purposes |
| IPO Date | December 1, 2025 to December 3, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Final | ₹63 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 29,20,000 shares (aggregating up to ₹18.40 Cr) |
| Reserved for Market Maker | 1,48,000 shares (aggregating up to ₹0.9324 Cr) |
| Fresh Issue (Ex Market Maker) | 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) |
| Net Offered to Public | 27,72,000 shares (aggregating up to ₹17.46 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 62,60,000 shares |
| Share Holding Post Issue | 86,00,000 shares |
Mr. Jenish Parshottambhai Khunt and Ms. Poonam Jenish Khoont are the company promoters.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 66.05% |
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As per our analysis and Based on the information we have, this is the output.
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