Aastha Spintex IPO: Issue Opens 29 June; Check Price Band And Dates

Aastha Spintex, a Morbi-based cotton yarn manufacturer from Gujarat, will open its ₹170 crore initial public offering (IPO) for public subscription on 29 June.

The issue is a pure fresh equity offering with no offer-for-sale component, meaning all proceeds will flow directly into the company. The price band has been set at ₹125 to ₹136 per share.

The anchor book opens on 25 June for a single day, followed by public bidding from 29 June to 1 July. Share allotment is expected to be finalised by 2 July, with listing on the exchanges from 6 July.

Falcon Yarns Acquisition Takes The Largest Share

The bulk of the Aastha Spintex IPO proceeds, ₹111.51 crore, has been earmarked for acquiring the remaining 84.79% stake in Falcon Yarns Private Limited. Another ₹10 crore will go towards Falcon Yarns' working capital needs, with the balance set aside for general corporate purposes.

Aastha Spintex had agreed to buy a full 100% stake in Falcon Yarns for ₹131.51 crore in tranches. It has already picked up 15.2% of that stake in two tranches, in September 2025 and March 2026. The remaining stake can be acquired by 31 July 2027, or shortly after the IPO closes, whichever comes first.

A Look At The Company's Business

Aastha Spintex runs a semi-automated, integrated spinning and ginning facility in Morbi, producing 100% cotton yarns across counts ranging from Ne 26 to Ne 40.

The Ne count refers to the English cotton count system, where a higher number indicates finer yarn. The company produces carded, combed and combed compact varieties.

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Financial Track Record

The company has shown steady financial progress. In the nine months ended December 2025, revenue came in at ₹313.3 crore with a profit of ₹17.55 crore. For the full year FY25, profit rose 40.7% to ₹22.9 crore while revenue grew 15.2% to ₹351.2 crore compared to the previous year.

BOI Merchant Bankers and PNB Investment Services are managing the issue as book-running lead managers.