Aastha Spintex Limited is a Gujarat-based textile manufacturing company engaged in the production and trading of cotton yarns and cotton bales for knitting, weaving, denim, terry towels, shirting, home textiles and related industrial fabrics.
It produces and trades carded, combed, and compact cotton yarns and cotton bales for weaving, knitting and home/textile uses, serving B2B textile manufacturers domestically and internationally.
Aastha Spintex has filed DRHP to raise ₹ 160 Crore via IPO for which all being as Fresh issue of ~ ₹ 160 Crore & no Offer for Sale (OFS).
Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.
| Issue Size: | ₹ 160 Crore |
| Fresh Issue: | ₹ 160 Crore |
| Offer for Sale: | ₹ 0 Crore |
| Price Range: | TBA |
| Lot Size: | TBA |
Aastha Spintex Limited important data points
Revenue, PAT, EBITDA
| Year | Fiscal 2025 |
| Networth | ₹ 121.6 Cr |
| Revenue: | ₹ 351.2 Cr |
| EBITDA | ₹ 46.9 Cr |
| PAT | ₹ 23.5 Cr |
| EBITDA Margin: | ~13.37% |
| PAT Margin | ~6.69% |
| Face Value: | Rs. 10 per Equity Share |
IPO important dates
| Open Date: | TBA |
| Close Date: | TBA |
| Anchor Investor Bidding | TBA |
| Allotment Date: | TBA |
| Refunds & Demat Credit | TBA |
| Tentative Listing Date: | TBA |
Use of Proceeds
| Purpose | Amount |
| Borrowing payment | ~ ₹ 0 Cr |
| Acquiring new Co. (Falcon Yarn Pvt Ltd) | ~ ₹ 111.51 Cr |
| General Corporate Purpose | Balance |
| Technology & Infrastructure | – |
| – |
Aastha Spintex Limited Financial Data
| 2023 | 2024 | 2025 | |
| Revenue (₹ Cr) | ₹ 239.3 | ₹ 304.9 | ₹ 351.2 |
| Gross Profit (₹ Cr) | ₹ 1.1 | ₹ 16.3 | ₹ 23.5 |
| Asset (₹ Cr) | ₹ 172.6 | ₹ 240.6 | ₹ 274.3 |
| Net Worth (₹ Cr) | ₹ 60.0 | ₹ 76.4 | ₹ 121.6 |
Aastha Spintex IPO Grey Market Premium
| Date | IPO Price | IPO GMP | Profit per lot |
| 12-Jan | ₹ – | ₹ – | ₹ – |
| 11-Jan | ₹ – | ₹ – | ₹ – |
| 10-Jan | ₹ – | ₹ – | ₹ – |
| 09-Jan | ₹ – | ₹ – | ₹ – |
| 08-Jan | ₹ – | ₹ – | ₹ – |
| 07-Jan | ₹ – | ₹ – | ₹ – |
Aastha Spintex Limited Promoters – Pre offer equity (Approx)
| Patel Divyang Jashwantbhai | ~17.91% |
| Rasiklal Valjibhai Patel | ~16.68% |
| Gothi Vivek Rasiklal | ~16.20% |
| Jashwantbhai Valjibhai Patel | ~14.43% |
Aastha Spintex Limited IPO Pros & Cons
Strengths:
- Integrated cotton ginning-to-spinning operations provide cost efficiency and supply control.
- Strong presence in B2B cotton yarn segment with diversified end-use industries.
- Experienced promoter and management team with long industry exposure.
- IPO proceeds aimed at capacity expansion and strategic acquisition, supporting growth.
- Operates in India’s structurally strong textile and cotton value chain sector.
Risks:
- Highly competitive textile industry with low pricing power and margin pressure.
- Business is sensitive to volatility in cotton prices and raw material availability.
- Cyclical demand linked to global textile and export market conditions.
- No disclosed dominant market share; operates in a fragmented industry.
- Working-capital-intensive operations may impact cash flows during downturns.
Aastha Spintex Limited Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | – | 1 | – | ₹ – |
| Retail (Max) | – | 13 | – | ₹ – |
| Small HNI (Min) | – | 14 | – | ₹ – |
| Small HNI (Max) | – | 66 | – | ₹ – |
| Big HNI (Min) | – | 67 | – | ₹ – |
Lead Managers / Registrars of Aastha Spintex Limited
| Lead / Book Running Lead Managers | BOI Merchant Bankers Limited, PNB Investment Services Limited |
| Registrar (RTA) | Bigshare Services Private Limited |
Founding Year of Aastha Spintex Limited & Managing Director
Aastha Spintex Limited was incorporated in the year 2013.
Mr. Divyang Jashwant Patel is the Managing Director of the company.
Aastha Spintex Limited FAQ
- Q1. What is the business of Aastha Spintex Limited?
It is a integrated textile manufacturer producing carded, combed and compact cotton yarns and cotton bales for weaving, knitting and industrial uses. - Q2. Why is the company raising funds via IPO?
Aastha Spintex is raising funds to part-finance the acquisition of Falcon Yarns Pvt Ltd and for general corporate purposes to support growth. - Q3. What is the size of the issue and where will it list?
The issue size for the IPO is approx ₹ 160 crore. It will be listed on the BSE & NSE platform. - Q4. What are the risks to an investor?
Risk to invest in the IPO include commodity price volatility, competitive industry pressure, cyclical demand and execution risk for expansion or acquisitions. - Q5. What are the potential upsides?
Positive side to invest in IPO is company’s integrated operations, renewable energy cost savings, expanding capacity, strong revenue growth and export market reach. - Q6. How to apply for the IPO?
You can apply for the IPO through ASBA (via bank net-banking/UPI) or through brokers’ IPO application portals during the subscription window once announced. - Q 7. When is the tentative listing date?
Expected listing date is yet to be announced.
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