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Aastha Spintex IPO
Textile
open
1.30x
subscribed
₹13,750Min. investment
Aastha Spintex Limited IPO Details
Issue size
₹170Cr
IPO type
Mainboard
Market Cap
₹600CrLower than sector avg
Price range
₹125 – ₹136
Listing ExchangeBSE, NSE
RevenueApr 20NaN - Mar 20FY
₹351.1CrLower than sector avg
Lot size
110 shares
Red Herring Prospectus
Read
Growth rate3Y CAGR
21.15%
SectorTextile
Price range₹125 – ₹136
IPO type
Regular
Lot size110 shares
Issue size₹170Cr
Red Herring Prospectus
Read
Market Cap
₹600CrLower than sector avg
RevenueApr 20NaN - Mar 20FY
₹351.1CrLower than sector avg
Growth rate3Y CAGR
21.15%
Aastha Spintex Limited IPO Overview
Aastha Spintex IPO date
Aastha Spintex IPO will open for subscription on June 29, 2026, and the closing date for the IPO is July 01, 2026. After this, investors are expected to be updated about the allotment status on July 02, 2026. Investors who have been allotted shares can expect them to be credited to their demat account on July 03, 2026. The shares will be listed on the NSE and the BSE on Monday, July 06, 2026.
Aastha Spintex IPO price band
The IPO includes a fresh issue only. The IPO price band has been set between ₹125 and ₹136 per share. Interested investors can choose a price within this band to apply for the IPO.
The IPO is a book-building issue, comprising a fresh issue of ₹170 crore only. Aastha Spintex IPO listing price will be determined on July 06, 2026. The listing price is the price at which a company’s shares debut on the stock exchanges.
Aastha Spintex IPO lot size
Aastha Spintex IPO details have been declared. The minimum lot size for an application is 110 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹170 crore.
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Capital expenditure
65.50%
General corporate purposes and issue expenses
28.50%
Working capital
5.80%
Strength and Weakness
Long-standing customer relationships
The company has strong relationships with its clients of more than a decade. 14 customers have maintained relationships for over 5 years while customers such as 7 Seas Impex and Elkins Tradelink have been associated with the company for several years which provides stability of revenue.
Renewable energy infrastructure reduces power costs
It has invested in renewable energy through a 1 MW rooftop solar plant, a 4 MW ground-mounted solar plant, and a 2.7 MW wind power plant. These assets meet ~80% of the company's electricity requirement which results in substantial savings in power costs and reducing dependence on grid electricity.
Consistent improvement in financial performance
Revenue from operations increased by 15.1% from ₹304.86 crore in FY24 to ₹351.16 crore in FY25. Also, PAT margin improved from 0.44% in FY23 to 5.34% in FY24 and further to 6.53% in FY25.
Capacity expansion and strategic acquisitions
The company has increased its spinning capacity from 2 MT/day to 2.5 MT/day through machinery upgrades and has invested in renewable energy to improve operating efficiency. It has also signed an agreement to acquire Falcon Yarns Pvt. Ltd., which is expected to increase its annual spinning capacity from 7,700 MT to 17,457 MT and strengthen its market position.
About Aastha Spintex Limited
Aastha Spintex manufactures and trades cotton yarn and cotton bales. Its products include carded, combed, and compact combed cotton yarn. The company also produces cotton bales, which are used both in-house for manufacturing yarn and sold to other spinning mills.
The company’s yarn is used across several textile applications such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics. The company operates a semi-automated, integrated spinning and ginning facility in Morbi, Gujarat. The location of this facility is close to one of India's major cotton-growing regions which ensures easy access to good-quality raw material. It manufactures 100% cotton yarn in counts ranging from Ne 26 to Ne 40, including carded, combed, and compact combed varieties. “Ne” is a measurement unit which is used to measure the fineness or thickness of a yarn.
As on the date of the RHP, the plant has 25,920 installed spindles across 15 compact ring spinning machines. It also has 28 ginning machines with an annual cotton bale production capacity of 12,000 MT and a cotton yarn production capacity of 7,700 MT per annum. The facility runs in three shifts and generally remains operational for 365 days a year. The manufacturing unit is spread over 65,762 sq. m of land. Out of this, 30,397.11 sq. m has been developed, while the remaining 35,364.89 sq. m is vacant and available for future expansion.
The company operates entirely in the B2B segment. It supplies its products to textile manufacturers, yarn exporters, fabric processors, and bulk buyers. It follows a two-channel sales model. Sales within Gujarat are handled directly while sales outside Gujarat, including exports, are routed through its reseller, 7 Seas Impex.
During FY25, the company reported total sales of ₹343.69 crore, with direct sales in Gujarat and sales through the Gujarat-based reseller contributing the majority of revenue. The company served 85 customers in FY23 and 145 customers during 9MFY26. Around 14 customers have been associated with the company for more than five years. Its long-standing customers include 7 Seas Impex and Elkins Tradelink Ltd.
Cotton yarn sales contributed to 63.37% and 19.47% of total product sales for FY23 and 9MFY26 to 7 Seas Impex. The company’s sourcing of cotton was spread across more than 125 suppliers located in Gujarat as on March 31, 2025, thereby, keeping down transportation costs and facilitating faster delivery of raw materials. It purchases cotton against short-term purchase orders instead of longer term agreements.
The company entered a share purchase agreement to acquire 100% stake in Falcon Yarns Private Limited. Falcon carries on business of cotton yarn manufacturing with a capacity of 9,757 MT per annum and is located in Gondal, Rajkot, Gujarat. After the acquisition, Aastha Spintex's total spinning capacity is expected to increase from 7,700 MT per annum to 17,457 MT per annum. Falcon Yarns’ revenue from operations stood at ₹228.75 crore in FY23, ₹220.35 crore in FY24, and ₹249.44 crore in FY25. As on December 31, 2025, the company employed 205 people. Employee attrition has improved over the years. It stood at 11.16% in FY23 and reduced to 8.07% during 9MFY26.
The global textile market is benefitting from factors like a growing focus on sustainable textiles, demand for more apparel, and the China+1 strategy. The market was worth $1,244.8 billion in CY25 and is projected to reach $2,058.8 billion in CY34, expanding at a CAGR of 5.75%.
The Indian textile market was worth $195.4 billion in 2025 and is expected to be $623.34 billion by 2035, growing at a CAGR of 12.3%. Supportive government schemes like the PM MITRA Parks and the Production Linked Incentive (PLI) are expected to fuel this growth. 38-40% of the Indian textile market is composed of cotton textiles, which dominate the industry. India is the second largest cotton producer in the world and in India, cotton textiles constitute nearly 60% of the total textile fibers consumed.
As Aastha Spintex produces carded, combed, and compact combed cotton yarns, increasing textile production would most likely increase demand for its products. With the Falcon Yarns acquisition, the spinning capacity would increase from 7,700 MT per annum to 17,457 MT per annum. This will improve capacity and help meet the needs of the growing domestic and export markets with the expansion of the textile sector.
Now, Aastha Spintex Ltd is launching its initial public offering (IPO), which consists of an Fresh issue of ₹170.00 crore only. The total issue size of the IPO is ₹170.00 crore. Its shares will be listed on the NSE and BSE.
How to pre-apply for Aastha Spintex IPO?
You can pre-apply for Aastha Spintex IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
- Login to your Upstox account, using your six-digit PIN
- After successfully logging in, click on ‘Discover’
- On the Discover tab, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, look for the ‘Aastha Spintex IPO’ tab and click on it
- Now fill in all the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Pre-Apply’
- Accept the mandate on your UPI app
How to apply for Aastha Spintex IPO?
If you are interested in this investment opportunity but unsure how to apply for Aastha Spintex IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for Aastha Spintex IPO on Upstox:
- Log in to your Upstox account, using your six-digit PIN
- After logging in, click on ‘Discover’
- On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, look for the ‘Aastha Spintex IPO’ tab and click on it
- Now fill in all the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Apply’
- Accept the mandate on your UPI app
**How to check the Aastha Spintex IPO allotment status? **
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the Aastha Spintex IPO allotment status:
- Login to your Upstox account, using your six-digit PIN
- After logging in, click on ‘Discover’
- On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, you will find the ‘View all’ option
- Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
- In the ‘IPO’ tab, click on ‘My applications’
- In ‘My applications’, under the History section, your Aastha Spintex IPO allotment status will be mentioned.
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Aastha Spintex IPO
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Aastha Spintex IPO Subscription Status
Latest News on Aastha Spintex IPO
Knack Packaging has fixed a price band of ₹161 to ₹170 per share for its ₹439.50-crore initial share sale. It will open for public subscription on July 1 and close on July 3.
3 min read
The ₹170 crore iAastha Spintex IPO is a fresh issuance of 1.25 crore shares. The money raised will be used for working capital needs, part payment for the acquisition of Falcon Yarns Pvt Ltd, and general corporate purposes.
3 min read
Frequently asked questions
How to invest in the Aastha Spintex IPO ?
Investors can apply for the Aastha Spintex IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Aastha Spintex IPO ?
The issue size of the Aastha Spintex IPO is 170 Cr.
What is 'pre-apply' for Aastha Spintex IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Aastha Spintex IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Bidding closes on 1 Jul 2026, 5:00 PM