Ashutosh Fibre IPO

About Ashutosh Fibre IPO

The Ashutosh Fibre IPO, an SME IPO, opens on Monday, August 31, 2026 and closes on Wednesday, September 2, 2026. The allotment of shares will take place on Thursday, September 3, 2026. The credit of shares to the demat account will take place on Friday, September 4, 2026. The initiation of refunds will take place on Friday, September 4, 2026. The listing of shares will take place on Monday, September 7, 2026.

The offer consists of a fresh issue component. The fresh issue will include 61,24,800 shares aggregating up to ₹56.35 crore.

The equity shares of the company are proposed to be listed on the NSE SME platform. Ashutosh Fibre IPO's price band is set at ₹87 to ₹92 per share. The lot size for an application is 1,200. The minimum amount of investment required by a retail investor is ₹2,20,800 (2,400 shares) based on the upper price.

Ashutosh Fibre manufactures technical textile yarns from its facility in Petlad, Gujarat, and was established in 1985. The company serves the Indutech, Protech, Hometech, and Mobiltech segments, and it is one of India's largest manufacturers of polypropylene spun yarns.

Objectives of Ashutosh Fibre IPO

• Funding capital expenditure requirements towards funding of new equipment and machinery.
  
• Repayment or pre-payment, in full or in part, of certain borrowings availed by the company.
  
• General corporate purposes.
  

Industry Outlook

Technical textiles are engineered yarns and fabrics built for performance rather than appearance. India's technical textile market grew from USD 18.89 billion in FY2020 to USD 28.50 billion in FY2025, a CAGR of 8.57%. Demand comes from filtration, protective clothing, automotive, and infrastructure applications. This shift toward performance-driven, application-specific textiles is widening the addressable market for specialised yarn makers.

The runway ahead is larger. The market is expected to expand from USD 28.5 billion in FY2025 to USD 50 billion by FY2030, registering a CAGR of 11.9%. Within this, the filtration and industrial segment relevant to the company was valued at USD 46.2 billion in 2022 and is estimated to reach USD 57.9 billion by 2027. Rising regulatory standards on emissions and effluents are pulling more industries toward certified filtration fabrics. Ashutosh Fibre supplies yarns into precisely these end-uses.

About Ashutosh Fibre Limited

Ashutosh Fibre was established in 1985. It manufactures technical textile yarns from its facility in Petlad, Gujarat, and keeps its registered office in Ahmedabad. The Company operates across four technical textile categories: Indutech, Protech, Hometech, and Mobiltech. Within Indutech, its polypropylene spun yarn serves filter cartridges, filter cloths, ropes, and webbings used by metallurgy, chemical, cement, and mining customers.

The product portfolio is wide. It spans para-aramid, meta-aramid, FR viscose, modacrylic, high-tenacity polyester, and stainless-steel yarns, alongside GRS-certified recycled yarns. The Company describes itself as India's largest manufacturer of polypropylene spun yarns and a pioneer in filtration and technical textile solutions. Its combined installed capacity stood at 4,775 MT in FY26, with capacity utilisation improving to 89.52% from 77.10% in FY24. Exports reached customers in China, Germany, Brazil, Italy, and Russia, contributing 38.99% of revenue from operations in FY26.

Strengths of Ashutosh Fibre

• The company describes itself as India's most diverse technical yarn manufacturer, spanning aramids, modacrylic, FR viscose, stainless-steel, polypropylene, PLA, and high-tenacity polyester yarns.
• Over 40 years of textile experience, including more than 15 years in technical textiles, underpin its position as India's largest manufacturer of polypropylene spun yarns.
• Combined installed capacity of 4,775 MT was utilised at 89.52% in FY26, up from 77.10% in FY24.
• DREF friction-spinning lines and ring-spinning technology allow it to process demanding fibres into high-performance yarns.
• Exports span China, Germany, Brazil, Italy, and Russia, contributing 38.99% of revenue from operations in FY26.

Risks of Ashutosh Fibre

• The company has no long-term raw material supply agreements, and its top 10 suppliers accounted for 64.73% of purchases in FY26, so any supply disruption could stall production and raise input costs.
• Customer concentration is high, with the top 10 customers contributing 68.85% of revenue from operations in FY26, so the loss of a key customer would sharply cut revenue.
• The company carries export obligations under duty-exemption schemes, with ₹4.99 crore outstanding as on March 31, 2026, and non-compliance could trigger duty and penalty liabilities.
• Revenue depends heavily on para-aramid based spun yarn and 100% polypropylene spun yarn, so weakness in either product line would directly hurt earnings.
• The company operates in a single business segment, the spinning of technical textile yarn, leaving it exposed to any downturn specific to that industry.
• Exports, particularly to China, made up 38.99% of FY26 revenue, so adverse trade, tariff, or currency shifts abroad could reduce profitability.

Anchor Investor Bidding Date

Friday, August 28, 2026

IPO Registrar and Book Running Lead Managers

Registrar Details
KFin Technologies Limited
Email: ashutosh.ipo@kfintech.com
Tel. No: +91 40 6716 2222

Book Running Lead Manager
Mefcom Capital Markets Limited

Ashutosh Fibre Contact Details
111-New Cloth Market Raipur, Ahmedabad-380002, Gujarat, India
Email: info@ashutoshfibre.com
Telephone No.: + 91 9727 559 799

Ashutosh Fibre Business Model

The company earns its revenue through the manufacture and sale of technical textile yarns to industrial and B2B customers. It supplies filtration yarns, heat and flame-retardant yarns, cut-resistance and antistatic yarns, antibacterial yarns, and recycled yarns across the Indutech, Protech, Hometech, and Mobiltech segments. Its customers include filtration manufacturers, static-control and safety-textile makers, and hygiene and healthcare textile producers, both in India and across export markets such as China, Germany, Brazil, Italy, and Russia. The Company differentiates itself through a wide product range and DREF and ring-spinning capabilities that convert specialised fibres into high-performance yarns.

Ashutosh Fibre Growth Trajectory

Ashutosh Fibre Limited's Total Income for FY26 was ₹117.43 crore, whereas in FY25 and FY24 it was ₹114.97 crore and ₹109.89 crore, respectively.

The Profit After Tax for FY26 was ₹16.04 crore, whereas in FY25 and FY24 it was ₹8.51 crore and ₹7.05 crore, respectively.

Their EBITDA for FY26 was ₹31.07 crore, whereas in FY25 and FY24 it was ₹17.84 crore and ₹16.14 crore, respectively.

Ashutosh Fibre Market Position

Ashutosh Fibre manufactures from its plant in Petlad, Gujarat, and sells to industrial customers in India and abroad. It holds ISO 9001:2015 for its Quality Management System and ISO 14001:2015 for its Environment Management System, both issued by Alcumus ISOQAR Limited, and it produces GRS-certified recycled yarns. Its combined installed capacity was 4,775 MT in FY26, and exports to China, Germany, Brazil, Italy, and Russia contributed 38.99% of revenue from operations that year.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹117.43 crore, ₹16.04 crore, and ₹31.07 crore, respectively.

How to apply for Ashutosh Fibre IPO?

• Step 1: Log in to your Kotak Neo 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.