Astron Multigrain Ltd. recently closed its IPO, drawing attention from retail investors despite a muted response in other categories. If you applied, here’s everything you need to know—subscription details, GMP (Grey Market Premium), and how to check your allotment status.
Astron Multigrain IPO Overview
| Details | Information |
|---|---|
| IPO Open Date | 1st December 2025 |
| IPO Close Date | 3rd December 2025 |
| Issue Price | ₹63 per share |
| Lot Size | 2,000 shares |
| Total Issue Size | ₹19.68 crore |
| Face Value | ₹10 per share |
| Listing Exchange | NSE SME |
| Expected Allotment Date | 4th December 2025 |
| Expected Listing Date | 6th December 2025 |
Subscription Status (Final)
| Investor Category | Subscription (x times) |
|---|---|
| Retail Individual Investors | 1.04× |
| Non-Institutional Investors | 0.30× |
| Qualified Institutional Buyers (QIBs) | 0.00× |
| Overall | 0.67× |
Note: The IPO was fully subscribed in the retail category, but underperformed in the overall and institutional segments.
Grey Market Premium (GMP) Update
| Date | GMP (Approx.) | Listing Gain Estimate |
|---|---|---|
| 3rd Dec 2025 | ₹39–₹41 | ~62% over issue price |
| 2nd Dec 2025 | ₹35 | ~55% |
| 1st Dec 2025 | ₹30 | ~48% |
What is GMP?
Grey Market Premium is the price at which IPO shares are traded in the unofficial market before listing. It indicates potential listing gains but is not an official or guaranteed metric.
How to Check IPO Allotment Status (Step-by-Step)
| Step | Action |
|---|---|
| 1️⃣ | Visit the registrar’s website (Bigshare Services Pvt. Ltd.) or financial platforms like Groww, Zerodha, etc. |
| 2️⃣ | Select Astron Multigrain IPO from the IPO dropdown list. |
| 3️⃣ | Enter your PAN, Application Number, or Demat Account Number. |
| 4️⃣ | Click ‘Search’ or ‘Submit’ to view your allotment status. |
| 5️⃣ | If allotted, shares will reflect in your Demat account before listing. |
What to Expect After Allotment
| If You’re Allotted | If You’re Not Allotted |
|---|---|
| Shares will be credited to your Demat account. | You will receive a refund to your bank account. |
| You can sell on listing day or hold for long-term. | No action needed; just wait for the refund. |
Should You Be Optimistic?
Despite weak subscription in the HNI and QIB categories, retail demand held up, and GMP indicates possible listing gains. However, grey market trends can change quickly. Listing day performance will ultimately depend on investor sentiment and market conditions.
Key Takeaways
- Retail investors got full allotment due to under-subscription.
- GMP suggests ~60% listing gains, but not guaranteed.
- Use PAN or Application No. to check allotment status online.
- Refunds will be processed automatically if you didn’t get allotment.
FAQs
1. When will Astron Multigrain IPO allotment be finalized?
Expected on 4th December 2025.
2. How to check allotment using PAN?
Visit the registrar’s website, select the IPO, and enter your PAN number.
3. Is GMP reliable?
Not always. It shows sentiment, not guaranteed performance.
4. What happens if the IPO is undersubscribed?
If under-subscribed in non-retail segments, retail investors often receive full allotment. The company may also reduce or revise the issue size.
