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₹63 - 63
Astron Multigrain Ltd
FMCGIPOSME
₹63 - 63
Established in year 2018, the company is into manufacturing of instant noodles. We manufacture noodles on contract manufacturing basis for marketer who sells the product manufactured by us under their trade name. We also manufacture noodles for own brand sales which is sold under trade name "Astron's Swagy Noodles". Our instant noodles is available in one variant - 1. Mast Masala (Classic flavour). Our Company is also engaged in manufacturing of noodle bhujiya and papad. Instant Noodles are pre-cooked noodles, sold in dried blocks with flavouring powder and/or seasoning oil. The "instant" aspect comes from the fact that they only require hot water to rehydrate and cook, significantly reducing preparation time compared to traditional noodles. Ready to eat noodles are making a niche for itself based on its popularity for being tasty and quick to make.
Lot2,000Min Invest₹2,52,000Face Value₹10Issue Size₹18 CrFresh Issue₹15 CrOffer for Sale₹4 CrListing Price₹50CMP₹17
Timeline
1 Dec
Bidding opens
3 Dec
Bidding closes
4 Dec
Allotment
5 Dec
Refund & demat credit
8 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹18 Cr0.29 Cr shares
Fresh Issue₹15 Cr
Offer for Sale₹4 Cr
Face Value₹10
Lot Size2,000 shares
ReservationNII 49.93% · RETAIL 50.07%
Application Sizes
Retail₹2,52,0001-1 lots
sNII₹2,52,000from 2 lots
bNII₹10,08,000from 8 lots
Managers & Registrar
Lead ManagerFinaax Capital Advisors Private Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrJenish Parshottambhai KhuntPRMTR5,80,0003.65Total5,80,0003.65
Shareholding
CategoryPre IPOPost IPOPromoter Group99.99%66.05%Public0.01%33.95%
Objects of the Issue
- Funding Capital Expenditure towards purchase of machinery
- To Meet Working Capital Requirements
- To meet incremental working capital requirements
- General Corporate Expenses
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 12 | 19 | 26 | 34 | 48 |
| Operating ProfitCr | 1 | 3 | 3 | 4 | 5 |
| OPM% | 9.1 | 13.4 | 12.0 | 12.0 | 10.8 |
| PBTCr | 0 | 2 | 3 | 3 | 5 |
| PATCr | 0 | 1 | 2 | 2 | 3 |
| EPS | 1 | 5 | 4 | 4 | 5 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 3 | 3 | 6 | 6 | - |
| ReservesCr | 0 | 1 | 2 | 4 | - |
| BorrowingsCr | 6 | 7 | 5 | 4 | - |
| Total AssetsCr | 13 | 15 | 18 | 22 | - |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 0 | 3 | 1 | 1 | -7 |
| Investing Cash FlowCr | 0 | -1 | -1 | 0 | -4 |
| Financing Cash FlowCr | 0 | -1 | 0 | -1 | 11 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Experienced Promoters and Management Team.
- Affordable Pricing.
- Well established Brand Name.
- Quality Compliance.
- Widespread Sales and Distribution Network.
- Cordial Relationship between Management and Labour.
Strategies · as stated in the DRHP
- Expand our existing product portfolio.
- Focus on consistently meeting quality standards.
- Maintaining cordial relationship with our Suppliers, Customer and employees.
- Equipment Maintenance and Calibration.
Risks · as stated in the DRHP
- The company relies on a limited number of customers for its sales, and the loss of any major customer could adversely impact the company's revenue and profitability.
- The company relies on a limited number of suppliers for product procurement, and the loss of any key supplier could impact its business operations.
- The Company, Promoter, Directors, KMP, SMP and Group Company are involved in certain legal proceedings. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business and results of operations.
- The company's business is primarily dependent upon a continuing relationship with super stockist for sales of the company products. Any reduction or interruption in the business of these super stockists or a substantial decrease in orders placed by these super stockists may have an adverse impact on the revenues and operations of the Company.
- The inappropriate handling, processing or storage of its raw materials or products, or spoilage of and damage to such raw materials and products, or any real or perceived contamination in its products, could subject the company to regulatory action, damage its reputation and have an adverse effect on the company business, results of operations and financial condition.
- Failures to maintain stringent quality and safety standards may result in regulatory action, product recalls, or reputational damage.