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HomeIPOAastha Spintex

About Aastha Spintex

Incorporated in the year 2013, Aastha Spintex Ltd., specializes in the production and distribution of carded, combed, and compact combed cotton yarns and bales. These cotton bales are used by Aastha Spintex for their internal production of cotton yarns as well as distribution to other spinning companies and their products are used in knitting as well as weaving sectors and cover a wide range of end-use sectors which include denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles and industrial fabrics. Aastha Spintex operates a semi-automated and integrated Manufacturing Facility based in Halvad, Morbi, Gujarat.

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Aastha Spintex

Aastha Spintex

Open Date

Jun 29, 2026

Close Date

Jul 1, 2026

listed

Min Investment

₹14,960

Lot Size

110 Shares

Issue Size

₹170 Cr

Price Range

₹125 - ₹125

Listing Date

Jul 6, 2026

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RHP PDF

Revenue Growth

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹2(+1.00%)GMP
1.47%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Aastha Spintex IPO - Issue Objectives

The company will use ₹10 crore for day to day business needs of Falcon Yarns Private Limited. Use ₹111.51 crore to partly fund Falcon Yarns acquisition payment. Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Working capital

5.8%

Capital expenditure

65.5%

General corporate purposes and issue expenses

28.5%

1

Working capital

The company will use ₹10 crore for day to day business needs of Falcon Yarns Private Limited.

5.80%
2

Capital expenditure

Use ₹111.51 crore to partly fund Falcon Yarns acquisition payment.

65.50%
3

General corporate purposes and issue expenses

Part of the IPO proceeds will be used for general corporate purposes and issue expenses

28.50%

IPO Subscription Status

QIB
3.59x
NII
8.29x
Individual
2.54x
Total
5.05x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Aastha Spintex

In Cr.

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Long-standing customer relationships

The company has strong relationships with its clients of more than a decade. 14 customers have maintained relationships for over 5 years while customers such as 7 Seas Impex and Elkins Tradelink have been associated with the company for several years which provides stability of revenue.

02

Renewable energy infrastructure reduces power costs

It has invested in renewable energy through a 1 MW rooftop solar plant, a 4 MW ground-mounted solar plant, and a 2.7 MW wind power plant. These assets meet ~80% of the company's electricity requirement which results in substantial savings in power costs and reducing dependence on grid electricity.

03

Consistent improvement in financial performance

Revenue from operations increased by 15.1% from ₹304.86 crore in FY24 to ₹351.16 crore in FY25. Also, PAT margin improved from 0.44% in FY23 to 5.34% in FY24 and further to 6.53% in FY25.

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

High dependency on one customer

The company earns a major share of its revenue from a single customer i.e. 7 Seas Impex. Although this dependency has reduced over the years, losing this customer or any reduction in its orders could significantly impact the company's sales, profitability and cash flows.

02

Seasonal nature of cotton procurement

Cotton is available only during the harvest season and this seasonality forces the company to buy and store large quantities in advance. This will raise inventory carrying costs and expose to risks such as quality deterioration, storage losses and incorrect demand forecasting.

Contact Details

Aastha Spintex

Survey No. 1441, 1442, 1448/1, 1449, 1450/2 P2 & 1443/P2, Halvad Maliya Highway, Halvad, Surendranagar, Gujarat - 363330.

+919081535400
info@aasthaspintex.com
https://aasthaspintex.com

Aastha Spintex IPO - FAQs

Aastha Spintex IPO is a Mainboard IPO. The issue is priced at 125-₹136. The minimum order quantity is 110 Shares. The IPO opens on 29 Jun, and closes on 1 Jul. TBA is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

IPO Timeline

  • Pre Apply2026-06-25
  • Bidding Starts2026-06-29
  • Bidding Ends2026-07-01
  • Allotment Finalisation2026-07-02
  • Release of Funds2026-07-03
  • Demat Transfer2026-07-03
  • Listing2026-07-06
04

Capacity expansion and strategic acquisitions

The company has increased its spinning capacity from 2 MT/day to 2.5 MT/day through machinery upgrades and has invested in renewable energy to improve operating efficiency. It has also signed an agreement to acquire Falcon Yarns Pvt. Ltd., which is expected to increase its annual spinning capacity from 7,700 MT to 17,457 MT and strengthen its market position.

03

Repeated delays in statutory payments

The company has reported delays in depositing GST, TDS and provident fund dues in recent years. While these have been regularised with interest payments, any future delays may lead to penalties and could affect the company's financial position and compliance record.

04

Dependence on cotton and limited suppliers

Cotton is the main key raw material and is sourced mainly through short-term purchase orders. Any disruption in supply, shortage of quality cotton or increase in cotton prices due to weather, government policies or global markets may increase costs and reduce margins.