Astron Multigram IPO Subscription Status; IPO Subscribed 0.91 Times on Day 2 

Rajkot, December 2, 2025: Astron Multigram IPO has received a total subscription  status of 0.91 times by the close of Day 2. Retail investors are leading the interest, subscribing 1.53 times with bids for 21.20 lakh shares against 13.88 lakh shares on offer. Non-Institutional Buyers (NII) have subscribed 0.28 times, with bids for 3.90 lakh shares against 13.84 lakh shares available. The Market Maker category has fully subscribed its allocation of 1,48,000 shares.

Overall, the IPO has received bids for 25.10 lakh shares against a total of 27.72 lakh shares on offer, amounting to ₹15.81 crore in total applications. The public issue continues to draw attention from individual investors, reflecting strong retail interest, while institutional participation remains modest. The IPO is set to close in the coming days, with final allotment and listing expected to be announced soon.

Astron Multigram is an Indian company in the Fast-Moving Consumer Goods (FMCG) sector, specifically focused on the manufacture of instant food products. The company manufactures instant noodles, papad (poppadums), and noodle bhujia (savoury snacks). It operates a mixed business model, conducting both contract manufacturing for other brands (B2B) and sales under its own proprietary brand (B2C) for the retail market. The company was established in 2018, and is headquartered in Rajkot, Gujarat. 

Key Details About Astron Multigram IPO

The ₹18.40 crore Astron Multigram IPO is a combination of fresh issue of 0.23 crore shares aggregating to ₹14.74 crore and offer for sale of 0.06 crore shares aggregating to ₹3.65 crore. Astron Multigram IPO price is fixed at ₹63 per share. The lot size is 2,000 shares per application. The minimum investment amount required by a retail investor is at ₹2,52,000 (4,000 shares) at the upper price band. The minimum lot size investment for HNI is 3 lots (6,000 shares), amounting to ₹3,78,000. Finaax Capital Advisors Private Limited is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Prabhat Financial Services Ltd.

Astron Multigram IPO Financial Highlights 

As of 31 October 2025, the company reported assets of ₹27.55 crore, up from ₹21.79 crore as of 31 March 2025, ₹17.71 crore as of 31 March 2024, and ₹14.83 crore as of 31 March 2023. Its total income for 31 October 2025 stood at ₹23.58 crore, compared to ₹33.92 crore in March 2025, ₹26.51 crore in March 2024, and ₹19.50 crore in March 2023. The company reported profit after tax (PAT) of ₹2.11 crore for October 2025, while PAT for March 2025, March 2024, and March 2023 stood at ₹2.31 crore, ₹1.98 crore, and ₹1.24 crore, respectively.

What’s Ahead for Astron Multigram IPO?

Astron Multigram IPO has entered its second day of bidding, and will close on December 3. The allotment status for Astron Multigram IPO is expected to be finalised on December 4. The company is expected to credit the shares and initiate refunds on December 5. The shares of the company are expected to list on BSE SME on December 8. 

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