Aastha Spintex Ltd. IPO

Incorporated in 2013, Aastha Spintex Ltd. is engaged in the business of manufacturing and trading of carded, combed and compact combed cotton yarns and cotton bales.

The company’s cotton bales are utilized both for captive production of cotton yarns and for supply to other spinning units. 

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.
 

The company have a semi-automated and integrated spinning and ginning Manufacturing Facility situated at Halvad, Morbi, Gujarat.

Products:

  • Cotton Yarn: The company manufactures carded, combed, and compact combed cotton yarns used in knitting and weaving applications. These yarns cater to a wide range of end-use segments, including denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics.
  • Cotton Bales: Cotton bales are compressed, packaged bundles of ginned cotton produced after separating lint from cotton seeds and impurities. The company uses cotton bales for captive consumption in yarn manufacturing and also supplies them to other spinning units.
  • Cotton Yarn Waste: Cotton yarn waste is generated during the spinning and post-processing stages and is reused within the textile ecosystem for various applications.

As at December 31, 2025, the company had an employee base of 205 employees in various departments.

Competitive Strengths:

  • Fully integrated cotton spinning infrastructure with modern technologies to support our product portfolio.
  • Long standing relationship with key customers.
  • Strategically located manufacturing facility with adequate storage facilities and scope for future expansion.
  • Strong Renewable Energy Infrastructure Enabling Sustainable and Cost-Efficient Manufacturing.
  • Delivering Strong financials and operating metrics.
  • Strong Promoters and Experienced Management Team.
 

Company Financials (Restated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets331.66274.20240.57172.59
Total Income314.02352.17305.67239.69
Profit After Tax17.5622.9216.291.06
EBITDA35.2546.3634.2511.60
NET Worth153.18121.0576.3860.01
Reserves and Surplus121.4791.1249.0732.70
Amount in ₹ Crore

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IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

#Issue ObjectsEst Amt (₹ Cr.)
1Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited111.51
2Inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited10.00
3General Corporate Purpose 
 Total121.51

Key Performance Indicator (KPI)

KPIDec 31, 2025Mar 31, 2025
ROE12.80%23.21%
ROCE12.13%18.89%
Debt/Equity0.660.79
RoNW11.46%18.93%
PAT Margin5.60%6.53%
EBITDA Margin11.25%13.20%
Price to Book Value 3.11
Check IPO Peer Comparison here.
 Pre IPOPost IPO
EPS (₹)7.245.30
P/E (x)18.7825.65

Aastha Spintex IPO Details

IPO Date 29 Jun to 1 Jul, 2026
Listing Date Mon, Jul 6, 2026
Face Value ₹10 per share
Price Band ₹125 to ₹136
Lot Size 110 Shares
Sale Type Fresh capital only
Issue Type Bookbuilding IPO
Listing At BSE, NSE
Total Issue Size 1,25,00,000 shares (agg. up to ₹170 Cr)
Fresh Issue 1,25,00,000 shares (agg. up to ₹170 Cr)
Share Holding Pre Issue 3,16,42,190 shares
Share Holding Post Issue 4,41,42,190 shares

Aastha Spintex IPO Promoter Holding

Patel Divyang Jashwantbhai, Rasiklal Valjibhai Patel, Gothi Vivek Rasiklal, and Jashwantbhai Valjibhai Patel.

Share Holding Pre Issue74.23%
Share Holding Post Issue54.31%

SHARIAH SCREENING for - Aastha Spintex Ltd. IPO

BUSINESS SCREEN

FINANCIAL RATIOS

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