Aastha Spintex IPO

About Aastha Spintex IPO

The public issue of the Aastha Spintex IPO, a Mainboard IPO, opens on Monday, June 29, 2026 and closes on Wednesday, July 1, 2026. The allotment of shares will take place on Thursday, July 2, 2026. The credit of shares to the demat account will take place on Friday, July 3, 2026. The initiation of refunds will take place on Friday, July 3, 2026. The listing of shares will take place on Monday, July 6, 2026.

The offer consists of a fresh issue component. The fresh issue will include 1.25 crore shares of ₹170.00 crores. The total number of shares and the aggregate amount are 1,25,00,000 shares (aggregating up to ₹170 crores).

Aastha Spintex IPO’s price band is set at ₹125 to ₹136 per share. The lot size for an application is 110 shares. The minimum amount of investment required by a retail investor is ₹14,960 (110 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,540 shares), amounting to ₹2,09,440, and for bNII, it is 67 lots (7,370 shares), amounting to ₹10,02,320.

Aastha Spintex is engaged in the business of manufacturing and trading of carded, combed and compact combed cotton yarns and cotton bales. Their cotton bales are utilized both for captive production of cotton yarns and for supply to other spinning units and the cotton yarns produced are used in both knitting and weaving applications, catering to a wide spectrum of end-use segments and products including denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics.

Objectives of Aastha Spintex IPO

• Part of payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited.
  
• Inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited.
  
• General corporate purposes.
  

Industry Outlook

The Indian textile industry was estimated at USD 19540 crores in 2025 and is projected to reach USD 62334 crores by 2035, at a CAGR of 12.3%, driven by strategic investments, policy support, and innovation. The Union Budget 2026–27 introduces the National Fibre Scheme, aimed at promoting self-reliance and ensuring stable availability of natural, man-made, and specialised fibres, thereby strengthening raw material security and reducing input cost volatility. The Budget also emphasises the modernisation of textile clusters, development of integrated textile parks, and promotion of technical and value-added textiles to enhance scale efficiencies and productivity Continued support for traditional segments such as handloom, handicrafts, and khadi is expected to drive employment generation and foster inclusive growth.

Further, the government has reiterated its commitment to skill development through Samarth 2.0, an enhanced skilling initiative focused on improving workforce quality, productivity, and alignment with industry requirements. Cotton textiles form the largest segment of the Indian Textile Industry accounting for approximately 38-40% of the total market.

Overall, the future of the textile industry and specifically the cotton spinning segment will be defined by a balance of tradition and innovation, leveraging India’s rich cotton heritage while adapting to global market dynamics and sustainability imperatives.

About Aastha Spintex

Aastha Spintex is engaged in the business of manufacturing and trading of carded, combed and compact combed cotton yarns and cotton bales. Their cotton bales are utilized both for captive production of cotton yarns and for supply to other spinning units and the cotton yarns produced are used in both knitting and weaving applications, catering to a wide spectrum of end-use segments and products including denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics.

They produce 100% cotton yarns in counts ranging from Ne 26 to Ne 40 which includes carded, combed and combed compact varieties (Ne refers to the English Cotton Count System, which is a standard way to measure the fineness or thickness of yarn. The higher the Ne, the finer the yarn). They operate exclusively in the business-to-business (B2B) segment, supplying their products to buyers such as textile manufacturers, yarn exporters, bulk purchasers and fabric processors.

Their exclusive B2B focus allows them to streamline their production and supply chain processes around the needs of their buyers, ensuring consistent quality, delivery, and efficient order fulfilment. It also allows them to build long-term client relationships and offer customized yarn solutions tailored to specific technical parameters including count, twist, and strength.

Strengths of Aastha Spintex

• The company is focused on growth through a balanced strategy that includes inorganic growth via strategic acquisitions and organic growth by expanding its core operations and capabilities.
• Long standing relationship with key customers.
• Strategically located manufacturing facility with adequate storage facility and scope for future expansion.
• Renewable energy infrastructure enabling sustainable and cost-efficient manufacturing.
• Delivering growing financials and operating metrics.
• Experienced promoters and management team.

Risks of Aastha Spintex

• One of the objects of the Issue is to utilise a portion of the issue proceeds towards part payment of the purchase consideration for the acquisition of equity shares of Falcon Yarns Private Limited by the company.
• They have filed compounding applications in respect of certain past non-compliances under the Companies Act, 2013, and may be subject to penalties or adverse regulatory action in its connection.
• The company has, in the past, not complied with the requirements of Section 138 of the Companies Act, 2013 relating to the appointment of an internal auditor.
• They are significantly dependent on 7 Seas Impex for majority of their sales outside Gujarat and exports.
• Their continued operations are dependent on a single manufacturing facility and is critical to their business.
• They have entered into, and may in the future continue to enter into, transactions with related parties, which may potentially involve conflicts of interest.
• Any downgrade of their credit ratings of outstanding borrowings could adversely affect their business.
• The valuation report obtained for the acquisition of Falcon Yarns Private Limited is based on certain assumptions and methods adopted by the valuer which may not adequately indicate its actual or future value.

Notes: 1. All the financial information for listed industry peers mentioned above is on a standalone basis and is sourced from the annual reports as available of the respective company for the relevant year ended March 31, 2025.

2. P/E Ratio has been computed based on the closing market price of equity shares on NSE on June 15, 2026, divided by the Diluted EPS for the Fiscal 2025.

3. Return on Net Worth (%) = Profit after tax attributable to owners / Average Net Worth (Average Net Worth is calculated as the arithmetic average of opening and closing balance of Net Worth).

4. Net Worth = Aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the Restated Financial Information / Audited Standalone Financial information (as applicable), but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.

5. Net asset value per share = Net worth / weighted average number of equity shares outstanding at the end of the year.

Anchor Investor Bidding Date: Thursday, June 25, 2026

The company, in consultation with the BRLMs, may consider participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investors shall Bid on the Anchor Investor Bidding Date, i.e., one working day prior to the bid/ issue opening date.

Registrar Details
Bigshare Services Private Limited
Email: ipo@bigshareonline.com
Phone: +91 226 263 8200

Book Running Lead Managers

• BOI Merchant Bankers Limited
  
• PNB Investment Services Limited
  

Aastha Spintex Contact Details
Survey No 1441 1442 1448/1 1449 1450/2, P2 & 1443/P2, Halvad Maliya Highway, Halvad, Surendra Nagar-363 330, Gujarat, India.
Email: info@aasthaspintex.com
Phone: +91 90815 35400

Aastha Spintex Business Model

The company earns its revenue through the manufacturing and trading of carded, combed and compact combed cotton yarns and cotton bales.

Aastha Spintex Growth Trajectory

Aastha Spintex’s Total Income for FY25 was ₹352.171 crores, whereas in FY24 and FY23 it was ₹305.671 crores and ₹239.692 crores, respectively.

The Profit After Tax for FY25 was ₹22.916 crores, whereas in FY24 and FY23 it was ₹16.288 crores and ₹1.058 crores, respectively.

Their EBITDA for FY25 was ₹46.362 crores, whereas in FY24 and FY23 it was ₹34.246 crores and ₹11.600 crores, respectively.

Aastha Spintex Market Position

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹352.171 crores, ₹22.916 crores, and ₹46.362 crores, respectively.

The company has, over the years, established long-standing relationships with their customers such as M/s 7 Seas Impex, Elkins Tradelink Ltd. and other customers.

How to apply for Aastha Spintex IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.