Aastha Spintex Ltd.
AASTHAMainboard
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Overview
Aastha Spintex Limited manufactures and trades 100% cotton yarn (carded, combed and compact-combed) and cotton bales, operating an integrated ginning-and-spinning facility at Halvad, Morbi, Gujarat. The company supplies B2B customers such as textile manufacturers, exporters and processors, and also monetizes ginning and spinning by-products (cotton seeds and cotton waste) as ancillary revenue streams; it supports operations with in-house quality testing and significant captive renewable power (solar and wind).
Opening Date
Jun 29, 2026
Closing Date
Jul 01, 2026
Listing Date
Jul 06, 2026
IPO Type
Mainboard
IPO Status
Closed
Issue Size
170 Cr
Fresh Issue
170 Cr
Offer for Sale
0 Cr
Price Band
₹125 - ₹136
Lot Size
110
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
Use of IPO funds
Key Performance Indicator
P/E Ratio
18.78
EPS
7.24
ROE
12.8%
ROCE
12.13%
RONW
11.46%
Debt to Equity Ratio
—
PAT Margin
5.6%
EBITDA Margin
11.25%
P/B
3.11
Bull vs Bear
Bull case
- •
Near-full utilization in FY2025: cotton yarn 7,436 MT -96.57% and cotton bales 9,897 MT -82.48%—integrated plant throughput is hard to replicate quickly.
- •
Renewable captive mix is sizeable: 1 MW rooftop solar + 4 MW solar + 2.7 MW wind; renewables were 80% of FY2025 power consumption, lowering grid dependence.
- •
Industry tailwind: Indian textile market projected to expand from $174 billion -2024 to $350 billion by 2030 at 12.3% CAGR—larger end-market for yarn/bales.
Bear case
- •
Sales concentration in one reseller: 7 Seas Impex contributed 33.88% of FY2025 product revenue (54.73% FY2024; 66.61% FY2023); contract changes disrupt reach outside Gujarat/exports.
- •
IPO proceeds fund acquisition timing risk: Falcon purchase consideration up to ₹13,151 lakhs, with ₹11,151 lakhs due within 30 days post-IPO; shortfall forces alternate funding.
- •
Supplier concentration in cotton bales: top 10 suppliers were 73.05% of FY2025 purchases (79.62% FY2024); any disruption raises input-cost and continuity risk.
Net takeaway
At its core this is a bet on improving profitability in a cotton-focused business: PAT margin 6.69% in FY2025 (5.34% FY2024; 0.44% FY2023). If you believe high utilization (96.57% yarn) plus added capacity via Falcon (₹11,151 lakhs from IPO) sustains margins, upside holds; if integration/funding strains, risk holds. Watch customer concentration and cash conversion: 7 Seas Impex was 33.88% of FY2025 product revenue and operating cash flow was (₹1,871.62) lakhs in FY2025.
Subscription Rate
Application Details
Frequently Asked Questions about Aastha Spintex Ltd.
Aastha Spintex Limited manufactures and trades 100% cotton yarn (carded, combed and compact-combed) and cotton bales, operating an integrated ginning-and-spinning facility at Halvad, Morbi, Gujarat. The company supplies B2B customers such as textile manufacturers, exporters and processors, and also monetizes ginning and spinning by-products (cotton seeds and cotton waste) as ancillary revenue streams; it supports operations with in-house quality testing and significant captive renewable power (solar and wind).
The Aastha Spintex Ltd. IPO is scheduled to open for subscription on Jun 29, 2026 and close on Jul 01, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Aastha Spintex Ltd. IPO is ₹125 to ₹136. Investors can place bids within this range once the issue opens.
The minimum lot size for the Aastha Spintex Ltd. IPO is 110 shares. The minimum investment amount ₹14,960.
The total issue size of the Aastha Spintex Ltd. IPO is approximately ₹170.00. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Aastha Spintex Ltd. IPO has been subscribed 1.61 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Aastha Spintex Ltd. IPO is ₹[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Aastha Spintex Ltd. are expected to list on stock exchanges on Jul 06, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Aastha Spintex Ltd. IPO are proposed to be used for Our Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects (collectively, referred to herein as the "Objects"):, Part of Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited, General Corporate Purposes.
Before applying for the Aastha Spintex Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
