Aastha Spintex IPO
Bookbuilding IPO | ₹170.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Mon, Jun 29, 2026
IPO Close
Wed, Jul 01, 2026
Price Band
₹125.00 to ₹136.00
Market Cap (Pre-IPO)
₹600.33 Cr
IPO Details
| IPO Date | Jun 29, 2026 to Jul 01, 2026 |
| Listing Date | Tentative: Jul 06, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹125.00 to ₹136.00 |
| Lot Size | 110 Shares (Minimum: ₹14,960.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹170.00 Crores |
| Total Shares Offered | 12,500,000 shares |
| Fresh Issue | 12,500,000 shares |
| Offer For Sale | 12,500,000 shares |
Aastha Spintex IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 20% of the Net Issue |
| Retail Shares Offered | Not less than 40% of the Net Issue |
| NII Shares Offered | Not less than 40% of the Net Issue |
Aastha Spintex IPO Lot Size
Investors can bid for a minimum of 110 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹14,960 |
| Retail (Max) | 13 | 1,430 | ₹194,480 |
| S-HNI (Min) | 14 | 1,540 | ₹209,440 |
| S-HNI (Max) | 66 | 7,260 | ₹987,360 |
| B-HNI (Min) | 67 | 7,370 | ₹1,002,320 |
Aastha Spintex Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 331.66 | 274.20 | 240.57 | 172.59 |
| Total Income | 314.02 | 352.17 | 305.67 | 239.69 |
| Profit After Tax | 17.56 | 22.92 | 16.29 | 1.06 |
| EBITDA | 35.25 | 46.36 | 34.25 | 11.60 |
| NET Worth | 153.18 | 121.05 | 76.38 | 60.01 |
| Reserves and Surplus | 121.47 | 91.12 | 49.07 | 32.70 |
| Total Borrowing | - | - | - | - |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 23.21% |
| ROCE (Return on Capital Employed) | 18.89% |
| Debt/Equity | 0.79 |
| RoNW (Return on Net Worth) | 18.93% |
| PAT Margin (Profit After Tax Margin) | 6.53% |
| EBITDA Margin | 13.20% |
| Price to Book Value | 3.11 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.24 | 5.30 |
| P/E (x) | 18.78 | 25.65 |
| Promoter Holding | 74.23% | 53.21% |
Company Promoters
- Patel Divyang Jashwantbhai
- Rasiklal Valjibhai Patel
- Gothi Vivek Rasiklal
- and Jashwantbhai Valjibhai Patel.
Company Overview
Aastha Spintex Ltd. – Company Overview
- Aastha Spintex Ltd. is engaged in the manufacturing and trading of carded, combed, and compact combed cotton yarns, along with cotton bales.
- The company's cotton yarns are used in both knitting and weaving applications, catering to diverse end-use segments such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics.
- The company also manufactures cotton bales, which are utilized for captive consumption in yarn production and supplied to other spinning units.
- In addition, the company generates and sells cotton yarn waste, which is reused across the textile industry for various applications.
- Its manufacturing operations are supported by a semi-automated and integrated spinning and ginning facility located at Halvad, Morbi, Gujarat.
- The company follows an integrated business model that enables efficient processing of raw cotton into value-added textile products.
- Product Portfolio:
- Cotton Yarn (Carded, Combed & Compact Combed)
- Cotton Bales
- Cotton Yarn Waste
- As of December 31, 2025, the company had an employee base of 205 employees across various departments.
Company Strengths
- Fully integrated cotton spinning infrastructure with modern technologies to support our product portfolio.
- Long standing relationship with key customers.
- Strategically located manufacturing facility with adequate storage facilities and scope for future expansion.
- Strong Renewable Energy Infrastructure Enabling Sustainable and Cost-Efficient Manufacturing.
- Delivering Strong financials and operating metrics.
- Strong Promoters and Experienced Management Team.
Use of Proceeds
| 1) | Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited | 1,115.10 |
| 2) | Inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited | 100.00 |
| 3) | General Corporate Purpose | |
| Total | 1,215.10 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Aastha Spintex IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Aastha Spintex Ltd | 8.29 | 8.29 | 43.80 | - | 18.93 | - | - |
| Ambika Cotton Mills Limited | 114.83 | 114.83 | 1,579.14 | 14.25 | 7.27 | 1.04 | Standalone |
| Lagnam Spintex Limited | 7.28 | 7.28 | 68.41 | 11.15 | 10.64 | 1.19 | Standalone |
| Pashupati Cotspin Limited | 0.82 | 0.82 | 9.78 | 106.54 | 8.35 | 9.67 | Standalone |
Quick Info
| Sector | Textile Manufacturing |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹600.33 Cr |
Important Dates
| IPO Open | Jun 29, 2026 |
| IPO Close | Jul 01, 2026 |
| Allotment Date | Jul 02, 2026 |
| Credit to Demat | Jul 03, 2026 |
| Listing Date | Tentative: Jul 06, 2026 |
Lead Manager(s)
BOI Merchant Bankers Ltd.
Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
Description
- IPO Type: Book build issue aggregating to ₹170.00 crores.
- Issue Structure: Entirely a fresh issue of 1.25 crore shares totaling ₹170.00 crores.
- IPO Dates: The issue opens on June 29, 2026 and closes on July 1, 2026.
- Allotment Date: The allotment is expected to be finalized on July 2, 2026.
- Listing Details: The shares are proposed to be listed on both National Stock Exchange of India and BSE Limited on July 6, 2026.
- Retail Investment Requirement: Minimum 1 lot (110 shares) amounting to approximately ₹14,960 (at the upper price band).
- sNII Investment Requirement: Minimum 14 lots (1,540 shares) amounting to approximately ₹2,09,440.
- bNII Investment Requirement: Minimum 67 lots (7,370 shares) amounting to approximately ₹10,02,320.
- Issue Price Band: ₹125 to ₹136 per equity share.
- Lot Size: 110 shares per lot.
This IPO offers investors an opportunity to participate in the textile manufacturing and spinning sector through a fresh issue of shares.