Aastha Spintex was incorporated on August 12, 2013. The company manufactures and trades carded, combed, and compact cotton yarns and bales for knitting, weaving, and a wide range of end-use products, including denim, towels, shirting, and home textiles. Its semi-automated facility in Halvad, Gujarat, produces 100% cotton yarns in counts Ne 26 to Ne 40 (fine-to-medium-fine yarn)
| Bidding Dates |
|---|
| 29 Jun 2026 - 01 Jul 2026 |
| Subscription |
|---|
| 4.64x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,750 | 1 | 13 | 110 | 12.5 M | ₹125 - ₹136 | 53.21 % | ₹1562.5 M - ₹1700.0 M | RHP DOC |
Aastha Spintex IPO SUBSCRIPTION STATUS
01 Jul '26Aastha Spintex IPO overall subscription rate was 4.64 times the total available shares
Aastha Spintex IPO retail subscription rate was 2.33 times in the retail segment
Aastha Spintex IPO non-institutional investor subscription rate was 7.62 times in the non-institutional investor category
Aastha Spintex IPO Qualified Institutional Bidder subscription rate was 3.3 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
01 Jul 2026 (Day 3) | 2.33x | 7.62x | 3.3x |
30 Jun 2026 (Day 2) | 0.96x | 2.28x | 0.94x |
29 Jun 2026 (Day 1) | 0.41x | 1.38x | 0.8x |
Aastha Spintex FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 313.3 | 17.6 | -13.6 | -13.9 | 11.3% |
| FY25 | 351.2 | 22.9 | -18.1 | -19.5 | 13.2% |
| FY24 | 304.9 | 16.3 | 12.9 | 9.2 | 11.2% |
| FY23 | 239.3 | 1.1 | 15.5 | -7.1 | 4.9% |
| Note: The financials are on a standalone basis | |||||
Aastha Spintex IPO SUBSCRIPTION STATUS DETAILS
Aastha Spintex had 12.5 M shares on offer
Aastha Spintex IPO offer price was in the range ₹125 - ₹136
Aastha Spintex IPO minimum Investment was ₹13750
Aastha Spintex IPO issue size was ₹ 1562.5 M - ₹ 1700.0 M
Aastha Spintex had a minimum lot size of 110 Shares per application
Aastha Spintex NUMBER OF SHARES ON OFFER
Aastha Spintex IPO IMPORTANT DATES
| Issue Open Date | 29 Jun 2026 |
| Issue close Date | 01 Jul 2026 |
| Allotment Date | 02 Jul 2026 |
| Refund Date | 03 Jul 2026 |
| Demat Account Credit Date | 03 Jul 2026 |
| Listing Date | 06 Jul 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Aastha Spintex Allotment Status | Exchange/ Registrar |
Aastha Spintex IPO subscription opened on 29 Jun 2026, and closed on 01 Jul 2026
IPO allotment for Aastha Spintex was finalized on Thursday, 02 Jul 2026
IPO listing for Aastha Spintex was on NSE and BSE on Monday, 06 Jul 2026
Aastha Spintex IPO LISTING GAINS
| Issue Price (adjusted) | 136.0 |
| Listing Open Price | 130.0 |
| Listing Close Price | 136.5 |
| Listing Gain% | -4.4% |
| Current Gain% | -45.1% |
Aastha Spintex Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aastha Spintex Ltd. | 74.6 | 329.3 | 13.9 | 3.9 | 0.7 | 14.8 | 7 | 443.4 | 25.9 | 23.7 | 3.6 | 5.4 | 3.6 |
| KPR Mill Ltd. | 1076.7 | 36803.1 | 42.5 | 6.7 | 5.5 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 25.4 | 6.3 |
| Vardhman Textiles Ltd. | 606.8 | 17563.9 | 20.7 | -43.8 | 1.7 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Welspun Living Ltd. | 164.1 | 15738.7 | 77 | -1.1 | 1.7 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.1 | -68 |
| Arvind Ltd. | 560.6 | 15249.2 | 36.8 | 2.2 | 1.6 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 17.1 |
| Trident Ltd. | 25.2 | 12831.6 | 32.5 | -3.5 | 1.9 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Aastha Spintex INFORMATION ON IPO ISSUE
About Aastha Spintex
Aastha Spintex was incorporated on August 12, 2013. The company manufactures and trades carded, combed, and compact cotton yarns and bales for knitting, weaving, and a wide range of end-use products, including denim, towels, shirting, and home textiles. Its semi-automated facility in Halvad, Gujarat, produces 100% cotton yarns in counts Ne 26 to Ne 40 (fine-to-medium-fine yarn)
Object of the Issue
- Part of payment of the purchase consideration for the acquisition of Falcon Yarns
- General corporate purposes
Aastha Spintex - PROMOTERS
| Name |
|---|
| Patel Divyang Jashvantbhai |
| Rasiklal Valjibhai Patel |
Aastha Spintex - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Patel Divyang Jashvantbhai | Chairman & Managing Director |
| Gothi Vivek Rasiklal | Whole-time Director |
| Jashvantbhai Valjibhai Patel | Executive Director |
| Amrutiya Pankajkumar Chaturbhai | Non-Executive Director |
| Anant Bharatbhai Bhatt | Independent Director |
| Vora Indira Suresh | Independent Director |
| Shyamsunder Kiranbhai Panchal | Independent Director |
| Rukaiya Mufazzal Shakir | Independent Director |
Aastha Spintex Book Running Lead Manager
BOI Merchant Bankers Limited
info@boimb.com
PNB Investment Services Limited
projectaastha@pnbisl.com
Aastha Spintex Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Aastha Spintex Strengths
Cost-efficient manufacturing
The company has invested in renewable energy infrastructure, operating a 1 MW rooftop solar unit, a 4 MW ground-mounted solar plant, and a 2.7 MW wind plant. These facilities supply about 80% of its total power needs, enhancing sustainability and energy self-reliance
Client relationship
With over a decade of textile industry experience, the company has built strong customer relationships in Gujarat, other states, and international markets. Its customer-centric approach and focus on customised, high-quality products have strengthened its market presence and reputation
Integrated cotton spinning infrastructure
The company operates a fully integrated cotton ginning and spinning facility, managing all stages from raw cotton procurement to finished yarn under one roof. Equipped with advanced compact ring spinning technology and modern machinery from India, Japan, and France, the facility ensures high efficiency, superior quality, and consistent output for both domestic and international textile markets
Aastha Spintex Risks
Dependent on limited products
A major portion of the company’s revenue comes from cotton yarns, especially carded, combed, and compact combed varieties and cotton bales. These yarns serve diverse knitting and weaving applications across industries like denim, home textiles, apparel, and industrial fabrics, making the business sensitive to demand, pricing, or industry fluctuations
Highly flammable
Cotton’s high flammability makes the company’s facilities vulnerable to fire or accidents, especially in areas with cotton dust and high-volume material handling. Such incidents could cause property damage, worker injury, regulatory scrutiny, business interruption, and significant financial losses
Seasonal concentration
The company’s ginning operations are seasonal, running mainly from October to March, which can create production variability, inventory management challenges, and dependence on working capital. Seasonal procurement and storage of cotton bales also expose the business to price fluctuations, quality variations, and limited in-house consumption, with surplus bales sold in the market
IPO FAQs
The promoters of the company are Patel Divyang Jashvantbhai and Rasiklal Valjibhai Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 125.0 - 136.0.
The IPO application opens on Jun 29, 2026 and closes on Jul 01, 2026.
The minimum lot size for the IPO is 110. The maximum lot size for the IPO is 1430.
For all category investors, the minimum application amount for this IPO is Rs. 13,750.0, the maximum value for this IPO is Rs 194,480.0.
This IPO will be allotted on Jul 02, 2026.
The refund will be credited to your account on Jul 03, 2026.
The allotted shares will be credited to your demat on Jul 03, 2026.
Aastha Spintex Ltd.’s shares listed on the stock exchanges on Jul 06, 2026.