Astron Multigrain lists 20% below IPO price on BSE SME

• Astron Multigrain shares listed at Rs 50.40 on BSE SME, a 20% discount to its IPO price of Rs 63.
• The company, which produces instant noodles and papad, debuted with a market capitalization of Rs 43 crore.
• The IPO raised Rs 18.40 crore, comprising a fresh issue of Rs 14.75 crore and an OFS of Rs 3.65 crore.
• IPO proceeds will fund machinery purchases (Rs 4.46 cr), working capital (Rs 5.65 cr), and general corporate purposes (Rs 4.64 cr).

Why It Matters: This highlights the risk for investors in SME IPOs.