Aastha Spintex
Aastha Spintex Limited is a textile manufacturer and trader specializing in carded, combed, and compact combed cotton yarns and cotton bales. Operating in the textile sector, the company produces yarns used for diverse applications including denim, home textiles, and industrial fabrics.
Price Band
₹136 - ₹136
Lot Size
110 Shares
Issue Size
₹170.00 Cr
Fresh Issue
₹170.00 Cr
OFS
N/A
Registrar
AI Sentiment Score
Listing Price
₹130.00
vs Issue: ₹136 (-4.41%)
📅 IPO Timeline
1
Open
TBD
2
Close
TBD
✓
Allotment
Jul 2
✓
Refund
Jul 3
✓
Demat
Jul 3
✓
Listing
Jul 6
✨ AI Analysis & Prediction
+1.9%
predicted listing gain
The predicted gain is adjusted slightly upward from the low GMP baseline due to strong financial quality (ROE > 20%) and a 100% fresh issue structure. However, the lack of institutional subscription data and a neutral review keep the upside capped.
💪 Strengths
- Strong ROE of 23.21%
- 100% Fresh Issue for growth
- Consistent revenue and PAT growth from 2023-2025
⚠️ Weaknesses
- Relatively low PAT margin of 6.53%
- Dependency on a single manufacturing facility in Gujarat
🚀 Opportunities
- Capacity expansion through acquisition of Falcon Yarns
- Revenue diversification via cotton bale trading and waste recycling
🛡️ Threats
- Volatility in raw cotton prices
- Intense competition in the textile and spinning industry
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited | ₹1,115.10 |
| Inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited | ₹100.00 |
| General Corporate Purpose | TBD |
📊 Key Financials
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 239.69 | 305.67 | 352.17 | 314.02 |
| PAT (₹ Cr) | 1.06 | 16.29 | 22.92 | 17.56 |
📋 Live Subscription Status
QIB
0.00x
NII
0.00x
Retail
0.00x
Total
0.00x
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Founded in 2013, Aastha Spintex Limited has evolved into a prominent player in the cotton yarn industry. The company operates a semi-automated spinning and ginning manufacturing facility located in Halvad, Morbi, Gujarat, showcasing its commitment to integrated production processes.
Its core business model involves the manufacturing and trading of high-quality cotton yarns. The company uniquely utilizes its cotton bales in two streams: as raw material for its own yarn production and for supply to other spinning mills, ensuring versatile revenue streams within the textile value chain.
The output of the company's yarn manufacturing is widely used across various textile segments. Key applications include the production of denim fabrics for jeans, terry towels, shirting for shirts, sheeting for bed sheets, as well as sweaters, socks, and industrial fabrics.
Beyond its primary production, Aastha Spintex incorporates sustainability into its operations by recycling cotton yarn waste generated during textile production to create additional products, thereby optimizing resource efficiency.
The company is led by a promoter group consisting of Patel Divyang Jashwantbhai, Rasiklal Valjibhai Patel, Gothi Vivek Rasiklal, and Jashwantbhai Valjibhai Patel, who have steered the company's growth from its inception over a decade ago.
Aastha Spintex is launching a Mainboard IPO with a total issue size of approximately ₹170 crore, consisting entirely of a fresh issue. The price band is set between ₹125 and ₹136 per share, with a minimum lot size of 110 shares (₹14,960). The IPO is scheduled to open on June 29, 2026, and close on July 1, 2026, with listing on the BSE and NSE on July 6, 2026.
The proceeds from the fresh issue are earmarked for strategic growth, specifically for the part payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited amounting to ₹115.10 crore, and ₹100 crore as inter-corporate deposits to fund the working capital requirements of Falcon Yarns Private Limited.
Financial performance shows a positive growth trajectory. The company reported revenue of ₹352.17 crore in 2025, up from ₹305.67 crore in 2024. Profitability has also seen a significant jump, with PAT rising from ₹1.06 crore in 2023 to ₹16.29 crore in 2024 and reaching ₹22.92 crore in 2025.
From a valuation perspective, the company exhibits strong efficiency ratios with an ROE of 23.21% and a ROCE of 18.89%. The Debt to Equity ratio stands at a manageable 0.79. When compared to peers like Ambika Cotton Mills and Lagnam Spintex, the company positions itself as a growing entity in the spinning sector.
Key strengths include a consistent increase in top-line and bottom-line growth, a high ROE, and the strategic acquisition of Falcon Yarns to expand capacity. There is no 'Pure OFS' risk here, as the promoters are not offloading existing shares; instead, the company is raising fresh capital for expansion.
Investors should consider the inherent volatility of the textile sector and the execution risk associated with the Falcon Yarns acquisition. While the financial growth is impressive, a balanced view suggests evaluating the long-term demand for cotton yarns and the company's ability to integrate its new acquisition efficiently.