Aastha Spintex
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05Aastha Spintex IPO Market Lot
- 06 Aastha Spintex IPO Details
- 07 Aastha Spintex IPO Reservation
- 08 Aastha Spintex IPO Anchor Investors
- 09 Aastha Spintex IPO Dates
- 10 Aastha Spintex IPO Promoters and Holding Pattern
- 11 Aastha Spintex IPO Objects of the Issue & Utilisation of Proceeds
- 12 Aastha Spintex - About IPO
- 13 Aastha Spintex IPO Company Financial Report
- 14 Aastha Spintex IPO Valuation – FY2025
- 15 Aastha Spintex IPO Peer Group Comparison
- 16 IPO Lead Managers aka Merchant Bankers
IPO PARAMETERS
IPO ROADMAP
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily Change | Gain (%) |
|---|---|---|---|
| 29 Jun 2026 | ₹5.50 | - | 4.04% |
Aastha Spintex IPO MARKET LOT
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 110 | ₹14,960 |
| Retail Maximum | 13 | 1,430 | ₹194,480 |
| S-HNI Minimum | 14 | 1,540 | ₹209,440 |
| S-HNI Maximum | 66 | 7,260 | ₹987,360 |
| B-HNI Minimum | 67 | 7,370 | ₹1,002,320 |
Aastha Spintex IPO DETAILS
Aastha Spintex Limited is launching its Initial Public Offering (IPO) through the book-building process to raise funds for business expansion, operational growth, and future capital requirements. The company operates in the textile and spinning industry and aims to strengthen its manufacturing capabilities and market presence through the proposed issue.
The IPO consists entirely of a fresh issue of equity shares, allowing the company to directly receive the proceeds raised from the public issue. The shares are proposed to be listed on both the BSE and NSE exchanges, providing liquidity and wider participation opportunities for investors.
| Particular | Details |
|---|---|
| Aastha Spintex IPO Open Date | June 29, 2026 |
| Aastha Spintex IPO Close Date | July 1, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹125 to ₹136 Per Share |
| Issue Size | Approx ₹170 Crores |
| Fresh Issue | Approx ₹170 Crores |
| Issue Type | Book Building Issue |
| IPO Listing | BSE, NSE |
Aastha Spintex IPO RESERVATION
Aastha Spintex IPO has reserved shares for different categories of investors as per the guidelines prescribed for mainboard book-built public issues. The allocation structure is designed to ensure participation from institutional investors, high-net-worth individuals, and retail investors.
Qualified Institutional Buyers (QIBs) have been allocated the largest share of the issue, followed by retail investors and Non-Institutional Investors (NIIs). The final allocation of shares will depend on the demand received during the subscription period.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| Qualified Institutional Buyers (QIB) Excluding Anchor | – Shares | 50% |
| Non-Institutional Investors (NII) | – Shares | 15% |
| Retail Individual Investors (RII) | – Shares | 35% |
Aastha Spintex IPO Anchor INVESTORS
Aastha Spintex Limited may allocate a portion of its IPO to anchor investors prior to the opening of the public issue. Anchor investors generally include domestic mutual funds, insurance companies, foreign institutional investors, and other qualified institutional investors who participate before the IPO opens for subscription to the public.
The anchor investment portion helps create confidence in the issue and provides early institutional participation. The final anchor allocation details, subscription amount, and investor names are expected to be disclosed before the IPO opens for bidding.
| Particular | Details |
|---|---|
| Anchor Bidding Date | June 25, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date for 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date for Remaining 50% Shares (90 Days) | 2026 |
Aastha Spintex IPO DATES
The Aastha Spintex IPO will open for subscription on June 29, 2026, and close on July 1, 2026. Investors can submit their bids during this three-day subscription window through their brokers or online trading platforms.
Following the closure of the issue, the basis of allotment is expected to be finalized on July 2, 2026. Successful applicants will receive shares in their demat accounts before the company is scheduled to make its stock market debut on July 6, 2026.
| IPO Activity | Date |
|---|---|
| Aastha Spintex IPO Open Date | June 29, 2026 |
| Aastha Spintex IPO Close Date | July 1, 2026 |
| Basis of Allotment | July 2, 2026 |
| Refund Initiation | July 3, 2026 |
| Credit to Demat Account | July 3, 2026 |
| Aastha Spintex IPO Listing Date | July 6, 2026 |
| IPO Bidding Cut-off Time | July 1, 2026 – 5:00 PM |
Aastha Spintex IPO Promoters and Holding PATTERN
Aastha Spintex Limited is promoted by Mr. Patel Divyang Jashwantbhai, Mr. Rasiklal Valjibhai Patel, Mr. Gothi Vivek Rasiklal, and Mr. Jashwantbhai Valjibhai Patel. The promoters possess extensive experience in the textile and spinning industry and have played a significant role in the company's growth and operational expansion over the years.
Before the public issue, the promoter group held a controlling stake in the company. Following the IPO, promoter shareholding will reduce due to dilution from the fresh issue of shares; however, the promoters will continue to retain majority ownership and management control of the business.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 3,16,42,190 | 74.23% |
| Promoter Holding Post Issue | 4,41,42,190 | 53.21% |
Aastha Spintex IPO Objects of the Issue & Utilisation of PROCEEDS
Aastha Spintex Limited plans to utilize the proceeds raised from the IPO primarily to support its strategic expansion initiatives and strengthen its position in the textile manufacturing industry. A significant portion of the funds will be deployed towards the acquisition of Falcon Yarns Private Limited, which is expected to enhance the company's manufacturing capabilities and operational scale.
Additionally, the company intends to provide funding support to Falcon Yarns Private Limited for its working capital requirements through inter-corporate deposits. The remaining proceeds, if any, will be utilized for general corporate purposes and business growth initiatives.
| Purpose | Amount |
|---|---|
| Part Payment of the Purchase Consideration for the Acquisition of Falcon Yarns Private Limited | ₹1,115.10 Cr. |
| Inter-Corporate Deposits for Funding Working Capital Requirement of Falcon Yarns Private Limited | ₹100.00 Cr. |
| General Corporate Purpose | ₹- |
Aastha Spintex - About IPO
Aastha Spintex Limited, founded in 2013, has been a prominent player in the manufacturing and trading of carded, combed, and compact combed cotton yarns and cotton bales. The firm uses its cotton bales in 2 ways: for its own cotton yarn manufacturing and for sale or supply to other spinning mills.
The cotton yarn that is produced is then used in both knitting and weaving processes. The firm uses yarn to make Denim fabric (jeans), Terry towels, Shirts (shirting), Bed sheets (sheeting), Sweaters, Socks, Bottom wear (pants, trousers, leggings, etc.), Home textiles, and Industrial fabrics. Moreover, the firm has a semi-automated spinning and ginning manufacturing facility situated in Halvad, Morbi, Gujarat. The company also recycles cotton yarn waste generated during textile production to produce other products.
Aastha Spintex IPO Company Financial REPORT
Aastha Spintex Limited has reported steady growth in revenue and profitability over the last three financial years, reflecting strong demand in the textile and yarn manufacturing sector. The company's financial performance indicates improving operational efficiency and a gradual expansion of its business operations.
Revenue increased consistently from FY2023 to FY2025, while Profit After Tax (PAT) witnessed significant growth during the same period. The company's asset base has also expanded considerably, highlighting ongoing investments and business expansion initiatives.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹239.69 Cr. | ₹238.39 Cr. | ₹1.06 Cr. | ₹172.59 Cr. |
| 2024 | ₹305.67 Cr. | ₹284.44 Cr. | ₹16.29 Cr. | ₹240.57 Cr. |
| 2025 | ₹352.17 Cr. | ₹320.08 Cr. | ₹22.92 Cr. | ₹274.20 Cr. |
| December 2025 | ₹314.02 Cr. | ₹289.82 Cr. | ₹17.56 Cr. | ₹331.67 Cr. |
Aastha Spintex IPO Valuation – FY2025
Aastha Spintex Limited has reported healthy profitability and operational performance during FY2025. Key valuation metrics such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), and Return on Net Worth (RoNW) indicate that the company has been able to generate attractive returns from its capital base.
The company maintains a moderate debt profile with a debt-to-equity ratio below one, while strong EBITDA and PAT margins reflect improving operational efficiency. Investors generally use these financial indicators to evaluate the company's valuation attractiveness before making investment decisions.
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 23.21% |
| Return on Capital Employed (ROCE) | 18.89% |
| EBITDA Margin | 13.20% |
| PAT Margin | 6.53% |
| Debt to Equity Ratio | 0.79 |
| Earnings Per Share (EPS) | ₹8.29 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 18.93% |
| Net Asset Value (NAV) | ₹43.80 |
Aastha Spintex IPO Peer Group COMPARISON
Aastha Spintex Limited operates in the textile and spinning industry, where financial performance and valuation are often compared with established listed peers. Metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and revenue provide investors with a useful benchmark for evaluating relative valuation and profitability.
Compared with its industry peers, Aastha Spintex demonstrates competitive profitability and return ratios while operating in a sector that is highly dependent on cotton prices, export demand, and manufacturing efficiency. Investors may use these peer comparisons to better understand the company's market positioning and valuation potential.
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Ambika Cotton Mills Limited | 114.83 | 14.25 | 7.27% | 1,579.14 | 702.07 Cr. |
| Lagnam Spintex Limited | 7.28 | 11.15 | 10.64% | 68.41 | 605.56 Cr. |
| Pashupati Cotspin Limited | 0.82 | 106.54 | 8.35% | 9.78 | 636.70 Cr. |
IPO Lead Managers aka Merchant BANKERS
- BOI Merchant Bankers Ltd.
- PNB Investment Services Ltd.