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Astron Multigrain Limited, established in 2018, is a manufacturer of instant noodles, noodle bhujiya, and papad. The company operates on a contract manufacturing basis for clients like Gokul Snacks Private Limited and also sells products under its own brand, 'Astron's Swagy Noodles'. Its primary product is instant noodles in a 'Mast Masala' flavor, targeting a wide consumer base including students, working professionals, and various household income levels. The company's manufacturing facility, located in Rajkot, Gujarat, is FSSAI licensed and ISO 22000-2018 certified, underscoring its commitment to quality.
Dec 01, 2025
Dec 03, 2025
Dec 08, 2025
SME
Closed
18.4 Cr
14.74 Cr
3.65 Cr
₹63 - ₹63
2000
The net proceeds from the fresh issue will be utilized by Astron Multigrain Limited for the following objects:
Funding capital expenditure of ₹4.46 crores towards the purchase of new machinery to expand the installed manufacturing capacity.
Allocating ₹5.65 crores to meet the company's growing working capital requirements.
Utilizing ₹2.14 crores for general corporate purposes, which includes funding operational expenses and strengthening business development capabilities.
3.75
2.11
24.66%
23.73%
21.95%
—
6.8%
11.98%
3.75
Experienced promoters and management team with over 5-7 years of expertise in the Ready-to-Eat food industry.
Competitive pricing strategy targeting a broad consumer base, supported by large-scale production and automation.
Established brand name 'Astron Swagy' fostering consumer loyalty through consistent quality and taste.
Stringent quality compliance with FSSAI, HACCP, and ISO 22000:2018 certifications ensuring product safety and standards.
Limited product differentiation with the instant noodle portfolio currently consisting of only a single flavor.
High concentration of revenue, with the top 10 customers accounting for a significant portion of sales.
Dependence on a limited number of suppliers for raw materials, posing a risk to the supply chain.
Significant geographical concentration of sales, with a majority of revenue generated from Gujarat.
Expanding the product portfolio by introducing new flavors to cater to diverse and evolving consumer preferences.
Capitalizing on the growing Indian instant noodles market, which is projected to grow at a strong CAGR.
Leveraging the rising demand for convenient and ready-to-eat food products driven by urbanization and changing lifestyles.
Utilizing government initiatives and schemes like PLISFPI that support the food processing industry.
Intense competition from well-established domestic and international players in the instant noodles market.
Volatility in the prices of key raw materials like wheat flour and palm oil, which could impact profit margins.
Potential changes in food safety regulations and increasing health consciousness among consumers.
Economic downturns or disruptions in the supply chain could adversely affect business operations and consumer demand.