Ashutosh Fibre IPO - Company Analysis
Ashutosh Fibre IPO, under the SME IPO category, is a bookbuild issue of Rs. 56.35 Cr by Ashutosh Fibre Limited, which is in the production and distribution of technical textile goods, with a special emphasis on polypropylene (PP) spun yarns used in both home and commercial settings. The company supplies yarns and fabrics to industrial manufacturers, processors, and institutional purchasers using a business-to-business (B2B) approach.
Goods:
- High Tenacity Polyester Spun Yarn
- Para-aramid-based Yarn
- 100% Polypropylene Yarn
- Meta Aramid and FR Viscose Yarn
- Modacrylic-based Yarn
- Poly Poly Corespun Yarn
Ashutosh Fibre IPO Details
The Ashutosh Fibre IPO date of opening is 31 Aug 2026; its initial public offering will end on 02 Sep, IPO allotment on Sep 03 and refund initiation on Sep 04, 2026.
The Rs. 56.35 crore new SME IPO comprises a wholly fresh issue of 0.61 crore shares.
The Ashutosh Fibre IPO listing date (expected) might be Monday, Sep 07, 2026, with listing on the NSE and SME.
The Ashutosh Fibre IPO price band is Rs. 87 to Rs. 92.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Aug 31, 2026 |
|
IPO Closing Date |
Sep 02, 2026 |
|
IPO Allotment Date |
Sep 03, 2026 |
|
Refund Initiation |
Sep 04, 2026 |
|
IPO Listing Date |
Sep 07, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
25.80 |
104.60 |
73.01 |
|
Total Income |
117.43 |
114.97 |
109.89 |
|
Profit After Tax |
16.04 |
8.51 |
7.05 |
|
EBITDA |
31.07 |
17.84 |
16.14 |
|
Net Worth |
51.90 |
35.85 |
27.55 |
|
Reserves and Surplus |
36.15 |
34.10 |
25.80 |
|
Total Borrowing |
47.92 |
57.44 |
34.86 |
Cash Flows
(Amount in Lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
2,144.35 |
1,122.22 |
563.54 |
|
Net Cash Flow Investing Activities |
(1,031.93) |
(2,629.91) |
(760.62) |
|
Net Cash Flow Financing Activities |
(1,414.70) |
1,828.50 |
87.75 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Funding capital expenditure requirements towards the funding of new equipment and machinery. ~ Rs. 25.51 Cr.
-
Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company. ~ Rs. 20 Cr.
-
General Corporate Purposes.
Listed Peers of Ashutosh Fibre Ltd.
|
Name of the Company |
Face Value (₹) |
P/E (x) |
EPS (Basic (₹) |
|
RSWM Limited |
10 |
18.55 |
11.04 |
|
Reliance Chemotex Industries Limited |
10 |
16.09 |
6.97 |
|
Garware Technical Fibres Limited |
10 |
37.72 |
21.28 |
|
Cedaar Textile Limited |
10 |
NA |
(56.16) |
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROCE |
26.29% |
|
Debt/Equity |
0.92 |
|
RoNW |
30.91% |
|
PAT Margin |
13.67% |
|
EBITDA Margin |
26.47% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 10.19 from the last year, the resulting P/E ratio is 9.02x.
|
Valuation Metric |
Pre IPO |
Post IPO |
|
EPS (₹) |
10.19 |
7.33 |
|
P/E (x) |
9.03 |
12.55 |
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IPO's Strengths
- Manpower with the necessary skills, experience, and training to spin difficult technical fibers.
- Broad range of products.
- Nearly two decades of expertise in sophisticated fiber spinning.
IPO's Weaknesses
- Currently, installed capacity is limited in scope.
- Extremely specialized and limited market
- Reliance on participants to obtain raw materials.
Ashutosh Fibre IPO GMP
Ashutosh Fibre IPO GMP today is Rs. 18 as of 27 August 2026, while writing this information.
Ashutosh Fibre IPO Summary
|
IPO Opening & Closing Date |
31 Aug, 2026 to 02 Sep, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 87 to Rs. 92 per Share. |
|
Lot Size |
1200 Shares |
|
Issue Size |
61,24,800 Shares (Rs. 56 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
58,17,600 Shares (Rs. 54 Cr) |
|
Market Makers |
3,07,200 Shares (Rs. 3 Cr) |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,20,800, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,31,200.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Ashutosh Fibre IPO Allotment Status
To check the Ashutosh Fibre 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 Ashutosh Fibre Ltd.
- Siddharth Prakash Patel
- Abhishek Rajendrakumar Agarwal
- Prabhas Fin-Stock Pvt. Ltd.
|
Pre-Issue Promoter Shareholding |
59.79% |
|
Post-Issue Promoter Shareholding |
43.05% |
IPO Lead Managers
- Mefcom Capital Markets Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Ashutosh Fibre Limited’s SME IPO of ₹56.35 crore is a pure fresh issue priced between ₹87 and ₹92, scheduled to open on 31 August 2026. The company manufactures specialised technical textile yarns and reported improving profitability with a PAT of ₹16.04 crore in FY26. Proceeds will fund new machinery, debt repayment and general corporate purposes, with listing expected on the BSE SME platform.
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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.
To read the company's Prospectus, 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.
