6.80xsubscribed
Aastha Spintex IPO
6.80xsubscribed
Textile
listed
6.80xsubscribed
ā¹13,750Min. investment
Aastha Spintex Limited IPO Details
Sector
Textile
Issue size
ā¹170Cr
IPO type
Mainboard
Market cap
ā¹600CrLower than sector avg
Price range
ā¹125 ā ā¹136
Listing exchange
BSE, NSE
RevenueApr 8 - Mar 9
ā¹351.1CrLower than sector avg
Listing date
6 Jul 2026
Lot size
110 shares
Red Herring Prospectus
Read
Growth rate3Y CAGR
21.15%
SectorTextile
Price rangeā¹125 ā ā¹136
IPO type
Regular
Lot size110 shares
Issue sizeā¹170Cr
Red Herring Prospectus
Read
Market cap
ā¹600CrLower than sector avg
RevenueApr 8 - Mar 9
ā¹351.1CrLower than sector avg
Growth rate3Y CAGR
21.15%
Aastha Spintex IPO Subscription Status
As on 29-Jun-26, 5:00 PM
Aastha Spintex IPO Timeline
- Pre-apply25 Jun 2026
- Bid start29 Jun 2026
- Bid end1 Jul 2026
- Allotment2 Jul 2026
- Release of funds3 Jul 2026
- Demat transfer3 Jul 2026
- Listing6 Jul 2026
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 companyās 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. āNeā 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 ā¹343.69 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 companyās 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 Yarnsā revenue from operations stood at ā¹228.75 crore in FY23, ā¹220.35 crore in FY24, and ā¹249.44 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 ā¹170.00 crore only. The total issue size of the IPO is ā¹170.00 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 āDiscoverā
- On the Discover tab, you will find the āInvest in IPOā section
- Under the Invest in IPO section, look for the āAastha Spintex IPOā tab and click on it
- Now fill in all the required information, like ābid priceā and ālot sizeā
- Confirm and click on āPre-Applyā
- 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 āDiscoverā
- On the āDiscoverā tab, you will find the āInvest in IPOā section
- Under the Invest in IPO section, look for the āAastha Spintex IPOā tab and click on it
- Now fill in all the required information, like ābid priceā and ālot sizeā
- Confirm and click on āApplyā
- 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.
Hereās 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 āDiscoverā
- On the āDiscoverā page, you will find the āInvest in IPOā section
- Under the Invest in IPO section, you will find the āView allā option
- Once you click on āView allā, you will be directed to the āIPOā tab
- In the āIPOā tab, click on āMy applicationsā
- In āMy applicationsā, under the History section, your Aastha Spintex IPO allotment status will be mentioned.
Aastha Spintex Limited IPO Analysis
IPO REVIEW
Aastha Spintex IPO | Analysis Video
Should you apply?
Watch our analysts break down the Aastha Spintex Limited IPO ā business model, financials, valuation and key risks ā to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.
Checklist
Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial
health at a glance and identify quality investment opportunities easily
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 ā¹304.86 crore in FY24 to ā¹351.16 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.
Objectives of Aastha Spintex Limited IPO
Capital expenditure
65.50%
General corporate purposes and issue expenses
28.50%
Working capital
5.80%
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Company NameAastha Spintex Limited
How to apply for Aastha Spintex IPO?
- Step 1
Log in to your Upstox 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.
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