Aastha Spintex IPO- Company Analysis
Aastha Spintex IPO under the Mainboard IPO category is a bookbuild issue of Rs. 170 Cr by Aastha Spintex Limited, involved in the production and distribution of cotton bales and yarns that are carded, combed, and compact combed.
A variety of end-use segments and products, such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics, are served by the company's cotton bales, which are used for both captive production of cotton yarns and supply to other spinning units. The cotton yarns produced are used in knitting and weaving applications.
The company's integrated, semi-automated spinning and ginning manufacturing facility is located in Halvad, Morbi, Gujarat.
Goods:
-
Cotton Fabric
-
Bales of cotton
-
Waste Cotton Yarn
Aastha Spintex IPO Details
The Aastha Spintex IPO date of opening is 29 Jun 2026, its initial public offering will end on 01 Jul, IPO allotment on Jul 02 and refund initiation on Jul 03, 2026.
The Rs. 170 crore new Mainboard IPO comprises a wholly fresh issue of 1.25 crore shares.
The Aastha Spintex IPO listing date (expected) might be on Monday, Jul 06, 2026, and listing at the BSE and NSE.
The Aastha Spintex IPO price band is Rs. 125 to Rs. 136.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 29, 2026 |
|
IPO Closing Date |
Jul 01, 2026 |
|
IPO Allotment Date |
Jul 02, 2026 |
|
Refund Initiation |
Jul 03, 2026 |
|
IPO Listing Date |
Jul 06, 2026 |
Industry Overview
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
274.20 |
240.57 |
172.59 |
|
Total Income |
352.17 |
305.67 |
239.69 |
|
Profit After Tax |
22.92 |
16.29 |
1.06 |
|
EBITDA |
46.36 |
34.25 |
11.60 |
|
NET Worth |
121.05 |
76.38 |
60.01 |
|
Reserves |
91.12 |
49.07 |
32.70 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
(1,813.41) |
1,293.13 |
1,547.49 |
|
Net Cash Flow Investing Activities |
(35.97) |
(393.83) |
(2,783.89) |
|
Net Cash Flow Financing Activities |
2,312.62 |
(865.56) |
1,422.14 |
Revenue Bifurcation
(Source: RHP)
The Objective of the Issue
-
Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited. ~ Rs. 1,115.10 Cr.
-
Inter-Corporate deposits for funding the working capital requirement of Falcon Yarns Private Limited. ~ Rs. 100 Cr.
-
General corporate purposes.
Listed Peers of Aastha Spintex Ltd.
|
Name of Company |
Face Value (₹) |
Basic EPS (₹) |
PE Ratio (x) |
|
Ambika Cotton Mills Limited |
10 |
114.83 |
14.25 |
|
Lagnam Spintex Limited |
10 |
7.28 |
11.15 |
|
Pashupati Cotspin Limited |
1 |
0.82 |
106.54 |
Valuation
|
KPI |
Value |
|
ROE |
23.21% |
|
ROCE |
18.89% |
|
Debt/Equity |
0.79 |
|
RoNW |
18.93% |
|
PAT Margin |
6.53% |
|
EBITDA Margin |
13.20% |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 8.29 from the last year, the resulting P/E ratio is 16.40x.
Explore the Amba Auto Sales & Services IPO.
IPO's Strengths
-
Infrastructure for cotton spinning that is fully integrated with contemporary technologies to support our range of products.
-
Long-standing connections with important clients.
-
A well-positioned production site has enough storage space and has room to grow.
IPO's Weaknesses
-
Dependence on key sales partner.
-
Acquisition and integration risk.
-
Raw material dependency risk.
Aastha Spintex IPO GMP (Grey Market Premium)
Aastha Spintex IPO GMP today is Rs. 1 as of 1 July 2026, while writing this information.
Aastha Spintex IPO Summary
|
IPO Opening & Closing Date |
29 Jun, 2026 to 01 Jul, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 125 to Rs. 136 per Share. |
|
Lot Size |
110 Shares |
|
Issue Size |
1,25,00,000 Shares (Rs. 170 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
1,25,00,000 Shares (Rs. 170 Cr) |
|
Listing at |
BSE, NSE |
|
Issue Type |
Bookbuild issue IPO |
|
Registrar |
Bigshare Services Pvt. Ltd. |
IPO Lot Details
|
Minimum Lot Investment (Retail) |
1 Lot |
|
Maximum Lot Investment (Retail) |
13 Lots |
|
HNI (Min) |
14 Lots |
Aastha Spintex IPO Allotment Status
To check the Aastha Spintex IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Aastha Spintex Ltd.
-
Patel Divyang Jashwantbhai
-
Rasiklal Valjibhai Patel
-
Gothi Vivek Rasiklal
-
Jashwantbhai Valjibhai Patel.
|
Pre-Issue Promoter Shareholding |
74.23% |
|
Post-Issue Promoter Shareholding |
53.21% |
IPO Lead Managers
BOI Merchant Bankers Ltd.
Dividend Policy
The company has not paid a Dividend during the last three FYs.
Conclusion
Aastha Spintex IPO offers investors exposure to a growing cotton yarn and textile manufacturing company with improving revenue, profitability, and strong return ratios. The company’s integrated facility, established customer relationships, and expansion plans support its long-term growth potential.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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To Read the Prospectus of the Company Click Here to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
