Aastha Spintex Limited is engaged in the manufacturing and trading of cotton yarns and cotton bales, serving the textile industry in India.
The company manufactures carded, combed, and compact combed cotton yarns, which are widely used in knitting and weaving applications across end-use segments such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics.
Products:
- Cotton Yarn – Carded, combed, and compact combed yarn used in knitting and weaving applications.
- Cotton Bales – Compressed ginned cotton used for captive consumption and supply to other spinning units.
- Cotton Yarn Waste – Byproduct generated during production, reused within the textile ecosystem for better resource utilization.
The company operates a semi-automated and integrated spinning and ginning manufacturing facility at Halvad, Morbi, Gujarat, spread across 65,762 sq. meters, allowing it to manage the entire production cycle efficiently while maintaining quality standards.
Aastha Spintex IPO – Details
| IPO Opening Date | 29 June 2026 |
| IPO Closing Date | 01 July 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: [] Shares Worth ₹170.00 Crore Fresh Issue: [] Shares Worth ₹170.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | [] Shares |
| Min Order | [] Shares [1 Lot] |
| Listing At | BSE, NSE |
| Register | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Aastha Spintex IPO – Date Schedule
| IPO Open Date | 29 June 2026 |
| IPO Close Date | 01 July 2026 |
| Basis of Allotment | 02 July 2026 |
| Initiation of Refund | 03 July 2026 |
| Credit of Shares to Demat Account | 03 July 2026 |
| IPO Listing Date | 06 July 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 01, 2026 |
Aastha Spintex IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strength
- Fully integrated cotton spinning infrastructure with modern technologies to support the product portfolio.
- Long standing relationship with key customers.
- Strategically located manufacturing facility with adequate storage facility and scope for future expansion.
- Strong Renewable Energy Infrastructure Enabling Sustainable and Cost-Efficient Manufacturing.
- Delivering Strong financials and operating metrics.
- Strong Promoters and Experienced Management Team.
Company Promoters
- Patel Divyang Jashwantbhai
- Rasiklal Valjibhai Patel
- Gothi Vivek Rasiklal
- Jashwantbhai Valjibhai Patel
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹239.69 Cr | ₹238.39 Cr | ₹1.06 Cr | ₹81.01 Cr |
| 31 March 2024 | ₹305.67 Cr | ₹284.44 Cr | ₹16.29 Cr | ₹82.86 Cr |
| 31 March 2025 | ₹352.17 Cr | ₹320.08 Cr | ₹22.92 Cr | ₹95.05 Cr |
| 31 December 2025 | ₹314.02 Cr | ₹289.82 Cr | ₹17.56 Cr | ₹101.47 Cr |
Key Performance Indicator
| KPI | Values (Dec 31, 2025) |
|---|---|
| ROE | 12.80% |
| ROCE | 12.13% |
| RoNW | 11.46% |
| Debt/Equity | 0.66 |
| PAT Margin | 5.60% |
| EBITDA Margin | 11.25% |
| Pre IPO | Post IPO | |
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited. | ₹111.51 |
| Inter-Corporate deposits for funding the working capital requirement of Falcon Yarns Private Limited. | ₹10.00 |
| General Corporate Purpose. |
Aastha Spintex IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 10 | Ambika Cotton Mills Limited | 14.25 |
| 2 | 10 | Lagnam Spintex Limited | 11.15 |
| 3 | 1 | Pashupati Cotspin Limited | 106.54 |
✅Strengths
- Integrated spinning & ginning manufacturing setup.
- Diverse products – cotton yarn, cotton bales, yarn waste.
- Strategic Gujarat location for raw material sourcing.
- Products used across multiple textile applications.
⚠️Risks
- Business highly dependent on cotton price fluctuations.
- Operates in a highly competitive textile industry.
- Demand slowdown in textile sector can impact revenue.
- Exposure to cyclical nature of textile industry.
Aastha Spintex IPO Promoter Holding
| Pre-Issue Share Holding | 74.23% |
| Post Issue Share Holding | – |
Aastha Spintex IPO Prospectus
Company Contact Information
| Aastha Spintex Ltd. Survey No 1441 1442 1448/1 1449 1450/2 P2 & 1443/P2, Halvad Maliya Highway, Halvad Surendranagar, Gujarat, 363330 Phone: +91 90815 35400 Email: info@aasthaspintex.com Website: https://www.aasthaspintex.com/ |
Aastha Spintex IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Aastha Spintex IPO Lead Manager(s)
| 1. BOI Merchant Bankers Limited 2. PNB Investment Services Limited |
Aastha Spintex IPO FAQs
| What is the Aastha Spintex IPO? Aastha Spintex IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Aastha Spintex IPO open? The IPO is to open on 29 June 2026 for QIB, NII, and Retail Investors. |
| What is Aastha Spintex IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Aastha Spintex IPO Size? Aastha Spintex IPO size is ₹170.00 Crore. |
| What is the Aastha Spintex IPO Minimum and maximum lot sizes for Retail? The minimum bid is [] Shares with ₹[], while the maximum bid is [] Shares with ₹[]. |
| What is the Aastha Spintex IPO Allotment Date? Aastha Spintex IPO allotment date is 02 July 2026. |
| What is the Aastha Spintex IPO Listing Date? Aastha Spintex IPO listing date is 06 July 2026. The IPO is to be listed on the BSE and the NSE. |
