Astron Multigrain SME
Astron Multigrain SME
Astron Multigrain Private Limited, incorporated in 2018, is engaged in the manufacturing of instant noodles (Mast Masala flavor), noodle bhujiya, and papad. The company focuses on ready-to-cook and easy-to-prepare food products sold through a network of super stockists, wholesalers, and retailers. Astron Multigrain holds an FSSAI license and ISO 22000:2018 certification, underscoring its commitment to food safety and quality compliance.
Investment Timeline
🤖 Smart Analysis
*AI score is algorithmic and for educational purposes only.
🎯 Application Strategy
Action: 🚫 STRONG AVOID - Multiple red flags identified
Lots: DO NOT APPLY
⏳ Timing Advice
📊 Monitor subscription trends before applying
Key Factor Analysis
Issue Details
Object of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding Capital Expenditure towards purchase of machinery (₹4.46 Cr).
- To Meet Working Capital Requirements (₹5.65 Cr).
- General Corporate Purposes.
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