About Aastha Spintex IPO
Aastha Spintex IPO Details
Aastha Spintex Ltd. is a 100% book-built issue of ₹170 crore, entirely a fresh issue of 1.25 crore equity shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on September 30, 2025 and received approval on January 9, 2026.
The price band of the issue is set at ₹125 to ₹136 per share, with a lot size for an application is 110 shares. The minimum amount of investment required by an individual investor is ₹14,960 (110 share). The IPO will be open from June 29 to July 1, 2026 and is supposed to be listed on the BSE and the NSE platforms, with a tentative listing date fixed as July 6, 2026. The book-running lead manager of the issue is BOI Merchant Bankers Ltd. and PNB Investment Services Ltd., while the registrar to the offer is BigShare Services Pvt. Ltd.
Aastha Spintex IPO Date & Timeline
The Aastha Spintex IPO is officially set to open for subscription on Jun 29, 2026 and will close on Jul 1, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on January 9, 2026 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Jul 2, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Jul 3, 2026. Finally, shares of Aastha Spintex Ltd. are tentatively scheduled to list on the stock exchanges on Jul 6, 2026.
Aastha Spintex IPO Timeline
| IPO Open Date | Mon, Jun 29, 2026 |
| IPO Close Date | Wed, Jul 1, 2026 |
| Tentative Allotment | Thu, Jul 2, 2026 |
| Initiation of Refunds | Fri, Jul 3, 2026 |
| Credit of Shares to Demat | Fri, Jul 3, 2026 |
| Tentative Listing Date | Mon, Jul 6, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Aastha Spintex IPO Details
| Detail | Description |
|---|---|
| IPO Date | 29 Jun to 1 Jul, 2026 |
| Listing Date | 6 Jul, 2026 |
| Face Value | ₹ 10 per Equity Share |
| Issue Price Band | ₹ 125 to ₹ 136 |
| Lot Size | 110 Shares |
| IPO Type | Fresh capital only |
| Total Issue Size | 1,25,00,000 shares (agg. up to ₹ 170 Cr) |
| Fresh Issue(Ex Market Maker) | 1,25,00,000 shares (agg. up to ₹ 170 Cr) |
| Issue Type | Fresh Issue |
| Listing At | BSE and NSE |
| Share Holding Pre Issue | 3,16,42,190 shares |
| Share Holding Post Issue | 4,41,42,190 shares |
Aastha Spintex IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Aastha Spintex IPO GMP is currently trading at ₹0, reflecting unofficial investors' sentiment ahead of the official listing. This premium suggests a potential listing price of ₹136.00, which is 0.00% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Aastha Spintex GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 23 Jun 2026 | ₹136.00 | ₹-- (0.00%) | 23 Jun, 202604:30 PM |
| 22 Jun 2026 | ₹136.00 | ₹0 | 23 Jun, 202604:30 PM |
| 21 Jun 2026 | ₹136.00 | ₹0 | 23 Jun, 202604:30 PM |
| 20 Jun 2026 | ₹136.00 | ₹0 | 23 Jun, 202604:30 PM |
| 19 Jun, 2026 | ₹136.00 | ₹0 | 19 Jun, 202604:30 PM |
Company Background
Aastha Spintex Ltd. was incorporated on August 12, 2013, to operate within the Indian textile sector in Gujarat. Then, in January 2025, the company converted into a public limited company to proceed with its public listing procedure.
Within over a decade, the company has evolved into a vertically integrated manufacturer and trader, currently focusing on producing high-quality cotton bales and multiple varieties of cotton yarn. Aastha Spintex operates in the B2B segment, which allows them to focus on the buyers and market changes.
Operations & Product Range
Aastha Spintex Ltd. operates a semi-automated, integrated spinning and ginning facility and its core manufacturing process begins with ginning, where raw cotton is cleaned and separated into lint and seeds to create cotton bales. These bales are subsequently utilised in-house to produce yarn, as the primary product range includes carded, combed and compact combed cotton yarns. Aastha Spintex caters directly to the B2B textile ecosystem and supplies its products to manufacturers involved in creating denim, shirting, towels, socks and home textiles.
Facilities & Capacity
Aastha Spintex Ltd.’s operations are supported by a strategically located facility in Halvad, Gujarat. This fully integrated infrastructure utilises modern technologies for continuous cotton spinning. For FY25, the spinning division maintained an installed production capacity of 7,700 metric tonnes (M.T.). The facility includes adequate storage for both raw materials and finished goods and is structurally designed to support future expansion plans mentioned in the DRHP.
Brands & Market Presence
Aastha Spintex Ltd. maintains a recognised presence within the domestic textile value chain by supplying premium cotton yarn and bales to essential B2B customers. The company focuses mainly on carded and combed yarns, capitalising on the growing preference for high-value textile applications. Operating mainly within the Indian market, the company sustains long-standing relationships with key domestic clients. Its market presence is further reinforced by a strong commitment to sustainable manufacturing, significantly reducing its carbon footprint through extensive renewable energy integration.
Revenue Streams & Business Model
The most significant source of revenue for Aastha Spintex Ltd. is the sale of cotton yarn, while other sources include trading in cotton bales. The business strategy lies in purchasing raw cotton at reasonable prices, processing it efficiently within their internal production systems, and distributing it effectively to various businesses. For the end of fiscal 2025, the company recorded an income of ₹352.17 crore, which is on a positive growth path owing to domestic demand.
Management & Shareholding
The promoters of Aastha Spintex Ltd. are Patel Divyang Jashwantbhai, Rasiklal Valjibhai Patel, Gothi Vivek Rasiklal and Jashwantbhai Valkibhai Patel. Before the IPO, the promoters held a 65.22% stake and the promoter group held a 9.01% stake in the company, but after the IPO, the promoters' shareholding will be slightly diluted as the offering includes fresh shares only.
Board & Key Management
The leadership of Aastha Spintex Ltd. is led by a team of experts with many years of experience. Rasiklal Valjibhai Patel serves as the Chairman and gives strategic direction to the firm. The daily operations are managed by Patel Divyang Jashwantbhai, the Managing Director, along with Whole-Time Directors Gothi Vivek Rasiklal and Jashwantbhai Valjibhai Patel. To ensure good governance, the board includes Independent Director Shyamsunder Kiranbhai Panchal for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Aastha Spintex IPO Financial Information
Latest Revenue
169.52
₹ Crore
Profit After Tax
17.56
₹ Crore
Net Worth
153.18
₹ Crore
Total Borrowing
94.75
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | 331.66 | 169.52 | 17.56 | 153.18 | 121.47 | — | |||
| 31 Mar 2025 | 274.3 | 249.44 | 23.5 | 121.63 | 91.7 | 94.75 | |||
| 31 Mar 2024 | 240.57 | 220.35 | 16.29 | 76.38 | 49.07 | 110.16 | |||
| 31 Mar 2023 | 172.59 | 228.75 | 1.06 | 60.01 | 32.7 | 110.99 | |||
| Amount in ₹ Crore | |||||||||
Aastha Spintex Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 12.8 % |
| ROCE | 12.13 % |
| Debt/Equity | 0.66 |
| RoNW | 11.46 % |
| PAT Margin | 5.6 % |
| EBITDA Margin | 11.25 % |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ₹8.50 | [.] |
| P/E (x) | [.] | [.] |
Aastha Spintex IPO Objectives
The company intended to utilise the Aastha Spintex IPO proceeds for strategic purposes:
- Part payment for the purchase and acquisition of Falcon Yarns Pvt. Ltd.
- General corporate purposes
Aastha Spintex IPO Review
Aastha Spintex Ltd. is a vertically integrated textile manufacturing company with a strong operational base supported by a 7.7 MW renewable energy infrastructure comprising solar and wind power. This setup meets around 80% of its operational power requirements and helps improve cost efficiency.
Financially, the company has shown steady financial growth; as of FY25, total income was at ₹352.17 crore in FY25, while Profit After Tax (PAT) was at ₹23.49 crore. With a debt-to-equity ratio of 0.78, the proposed capital raise is intended to reduce debt and support working capital requirements.
However, investors must be aware of the potential risk of the company, including dependence on a limited number of suppliers and customers, cotton price volatility and compliance with environmental and labor regulations. Overall, the IPO highlights a business focused on operational stability through debt reduction and stronger working capital support.
Conclusion
Aastha Spintex IPO is an opportunity for investors to invest in a growing company that demonstrates a clear operational strategy grounded in vertically integrated manufacturing and sustainable energy utilisation. The company’s focus on producing diverse grades of cotton yarn aligns with the evolving demands of the domestic B2B textile market. With this listing, the company aims to pay (part payment) to acquire Falcon Yarns Pvt. Ltd. and to maintain its general corporate operations & expenses.
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Competitive Strengths
A fully integrated cotton spinning infrastructure, along with modern technology to support the product portfolio. raw cotton to finished yarn.
Long-term relationships with key customers.
A strategically located manufacturing facility with sufficient storage capacity and expansion opportunities.
Strong renewable energy infrastructure to ensure cost-effective manufacturing operations.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 110 | 14960 |
| Individual investors (Retail) (Max) | 13 | 1430 | 194480 |
| S-HNI (Min) | 14 | 1540 | 209440 |
| S-HNI (Max) | 66 | 7260 | 987360 |
| B-HNI (Min) | 67 | 7370 | 1002320 |