Astron Multigrain IPO

Astron Multigrain Limited is engaged in manufacturing instant noodles, primarily on a contract basis for Gokul Snacks Private Limited. The company also sells noodles under its own brand “Astron’s Swagy Noodles” (Mast Masala variant) and additionally makes noodle bhujiya and papad. The company operates a manufacturing facility at Gujarat with an installed capacity of 5,110 MTPA and a capacity utilisation rate of 43.16% as of October, 2025. Own brand manufacturing contributed 70.67% of revenue and contract manufacturing 29.33% as of October, 2025. Product wise, instant noodles constituted 89.98%, followed by papad at 9.48%. The company generates majority of its revenue from Gujarat (93.93%).