When Astron Multigrain stepped onto the market today, it wasn’t the kind of debut most SMEs hope for. The stock opened weak on the BSE SME, and the pressure only intensified as the session progressed. For investors tracking this listing closely, the first few minutes told the whole story.
Market Performance
Astron Multigrain is listed at ₹50.40 per share, noticeably below its ₹63 issue price. That opening print marked a 20% discount, setting a cautious tone right from the start.
As the day moved forward, the stock slipped further. It hit the 5% lower circuit at ₹47.88, extending the losses from its listing level. At the lowest point of the session, the stock was down 24% from the issue price.
Main News: Astron Multigrain IPO Listing Details
The company listed today—December 8, 2025—after completing its IPO process earlier this month. Astron Multigrain’s shares began trading on the BSE SME platform, following a three-day subscription window.
The listing came after the SME IPO opened on December 1 and closed on December 3. Allotments were finalised on December 4, and the stock hit the exchange on schedule.
Despite the structured timeline and adequate interest in the retail category, the listing came in weaker than expected, with the stock unable to hold near its issue price.
Astron Multigrain IPO Details
The company raised ₹18.40 crore through its public issue. The structure included both fresh issuance and an OFS component.
IPO Structure
- Fresh Issue: 23.4 lakh shares worth ₹14.74 crore
- Offer for Sale (OFS): 58 lakh shares worth ₹3.65 crore.
- Price Band: ₹63 per share
The subscription trends reflected mixed participation across categories. While retail interest was relatively stronger, institutional appetite remained muted.
Subscription Status
- Overall: 1.22 times
- Retail: 1.94 times
- NII: 50%
The data shows that the SME IPO was primarily driven by small investors, while the non-institutional category recorded quieter activity.
Company Details
Astron Multigrain operates in the food and grain products space, catering to a wide range of consumers through its multigrain offerings. The company entered the market to raise capital for expansion and business needs through its fresh issue component, while the OFS allowed existing shareholders to partially exit.
With the stock now listed, the company becomes part of the growing set of SMEs choosing the BSE SME platform for capital access and visibility.
Summary
Astron Multigrain’s debut turned out softer than anticipated. The stock listed at ₹50.40, slipped to the ₹47.88 circuit, and remained under pressure through the day.
Despite a 1.22 times subscription and solid retail participation, the stock couldn’t hold above its issue price of ₹63, marking a weak opening for the newly listed SME.
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