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Astron Multigrain IPO vs Avana Electrosystems IPO

Comparison between Astron Multigrain IPO and Avana Electrosystems IPO.

IPO Details

Astron Multigrain IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Avana Electrosystems IPO is a SME Bookbuilding proposed to list at NSE SME.

 Astron Multigrain IPOAvana Electrosystems IPO
LogoAstron Multigrain IPO LogoAvana Electrosystems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersFinaax Capital Advisors Pvt.Ltd.Indcap Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Integrated Registry Management Services Pvt.Ltd.
Market MakerPrabhat Financial Services Ltd.Asnani Stock Broker Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Astron Multigrain IPO is up to ₹17.46 Cr whereas the issue size of the Avana Electrosystems IPO is up to ₹33.45 Cr. The final issue price of Astron Multigrain IPO is ₹63.00 per share and of Avana Electrosystems IPO is ₹59.00 per share.

 Astron Multigrain IPOAvana Electrosystems IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹56.00 per share
Issue Price (Upper)₹59.00 per share
Issue Price (Final)₹63.00 per share₹59.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size21,92,000 shares48,76,000 shares
Fresh Issue Size (Amount)up to ₹13.81 Crup to ₹28.77 Cr
OFS Issue Size5,80,000 shares7,94,000 shares
OFS Issue Size (Amount)up to ₹3.65 Crup to ₹4.68 Cr
Issue Size Total27,72,000 shares56,70,000 shares
Issue Size Total (Amount)up to ₹17.46 Crup to ₹33.45 Cr

IPO Timetable

Astron Multigrain IPO opens on Dec 01, 2025, while Avana Electrosystems IPO opens on Jan 12, 2026. The closing date of Astron Multigrain IPO and Avana Electrosystems IPO is Dec 03, 2025, and Jan 14, 2026, respectively.

 Astron Multigrain IPOAvana Electrosystems IPO
Anchor Bid DateJan 09, 2026
Issue OpenDec 01, 2025Jan 12, 2026
Issue CloseDec 03, 2025Jan 14, 2026
Basis Of Allotment (Tentative)Dec 04, 2025Jan 15, 2026
Initiation of Refunds (Tentative)Dec 05, 2025Jan 16, 2026
Credit of Share (Tentative)Dec 05, 2025Jan 16, 2026
Listing date (Tentative)Dec 08, 2025Jan 20, 2026
Anchor Lockin End date 1Feb 14, 2026
Anchor Lockin End date 2Apr 15, 2026

Financials & KPIs

Astron Multigrain IPO P/E ratio is 17.09, as compared to Avana Electrosystems IPO P/E ratio of 12.4.

 Astron Multigrain IPOAvana Electrosystems IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Oct 202531 Mar 202531 Mar 202431 Mar 2023
Assets27.5521.7917.7114.83
Total Income23.5833.9226.5119.50
Profit After Tax2.112.311.981.24
EBITDA3.354.063.112.61
NET Worth12.6210.518.203.82
Reserves and Surplus6.364.251.941.17
Total Borrowing3.424.285.026.70
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets53.9149.4238.0728.52
Total Income36.2862.9353.2628.59
Profit After Tax5.618.314.020.92
EBITDA7.6312.527.421.92
NET Worth27.4121.8013.499.46
Reserves and Surplus9.9421.0112.698.67
Total Borrowing5.685.699.277.33
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99100
Promoter Shareholding (Post-Issue)66.0573.64
P/E Ratio17.0912.4
Market Cap₹54.18 Cr.₹133.61 Cr.
ROE24.6647.11
ROCE23.7353.71
Debt/Equity0.410.13
EPS₹3.69₹4.76
RoNW21.9538.13

Shares Offered

In the Astron Multigrain IPO Retail Individual Investors (RII) are offered 13,88,000 shares while in Avana Electrosystems IPO retail investors are offered 13,88,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Astron Multigrain IPO and 11,28,000 shares in Avana Electrosystems IPO.

 Astron Multigrain IPOAvana Electrosystems IPO
Anchor Investor Reservation0 shares16,90,000 shares
Market Maker Reservation1,48,000 shares3,00,000 shares
QIB0 shares11,28,000 shares
NII13,84,000 shares8,64,000 shares
RII13,88,000 shares19,88,000 shares
Employee0 shares0 shares
Others
Total27,72,000 shares56,70,000 shares

Bids Received (Subscription)

Astron Multigrain IPO subscribed 1.22x in total, whereas Avana Electrosystems IPO subscribed 92.53x.

 Astron Multigrain IPOAvana Electrosystems IPO
QIB (times)54.97x
NII (times)0.50x219.02x
Big NII (times)258.08x
Small NII (times)140.90x
RII (times)1.94x137.52x
Employee (times)
Other (times)
Total (times)1.22x92.53x

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Compare:

Astron Multigrain IPO Vs Avana Electrosystems IPO