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Aastha Spintex IPO

Aastha Spintex IPO — date, price band, GMP & allotment 2026

Aastha Spintex IPO opened for subscription from 21 May 2026 to 25 May 2026. Incorporated in 2013, Aastha Spintex Limited is engaged in the manufacturing and trading of cotton yarns and cotton bales. The company follows an integrated textile business model with spinning and ginning operations, serving knitting, weaving, denim, home textile and industrial fabric segments. Its manufacturing facility is located in Halvad, Gujarat, while its products cater to customers across various textile markets in India.

Stock price

Aastha Spintex is listed — here is the live share price.

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The verdict
Avoid
43 / 100 · 9 reviews
Read the reviews →
Grey market premium
₹5
+3.7% over ₹136 issue price
GMP history →
Subscribed
5.05×
Overall, across all categories
Fully subscribed Live subscription →
Minimum to apply
₹14,960
1 lot · 110 shares at ₹136
Size my application →
Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 17 September.

Key dates Listed
  1. Open 29 Jun 2026
  2. Close 01 Jul 2026
  3. Allotment 02 Jul 2026
  4. Refund/credit 02 Jun 2026
  5. Listing 06 Jul 2026

Issue summary

The terms of the offer, as filed.

IPO Dates 29 Jun to 1 Jul, 2026
Price Band ₹125 – ₹136
Face Value ₹10
Lot Size 110 Shares
Issue Size ₹170 Cr
Sale Type Fresh capital only
Listing On BSE, NSE
Registrar Bigshare Services Private Limited
Min Investment ₹ 14,960
Reservation
QIB 20%
NII 40%
Retail 40%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 110 shares at the ₹136 cut-off. Drag to size your application.

shares
1 lot lots
If it lists at today's grey market premium of ₹5
on
Grey market premium is an unofficial, unregulated indicator. It is not a forecast.
Application Lots Shares Amount
Retail (min) 1 110 ₹14,960
Retail (max) 13 1,430 ₹1,94,480
S-HNI (min) 14 1,540 ₹2,09,440
S-HNI (max) 66 7,260 ₹9,87,360
B-HNI (min) 67 7,370 ₹10,02,320

Strengths & risks

Drawn from the offer document — the case for and against, side by side.

Strengths · 5

  • 01Integrated Operations – The company operates both ginning and spinning facilities, enabling better control over quality, costs, and supply chain management.
  • 02Presence in a Key Textile Hub – Its manufacturing unit is located in Gujarat, one of India's major cotton-producing and textile manufacturing regions.
  • 03Diverse Customer Base – The company caters to multiple textile segments, including weaving, knitting, denim, home textiles, and industrial fabrics.
  • 04Experienced Promoters and Management – The promoters possess industry experience, which supports operational efficiency and business development.
  • 05Growing Demand for Cotton Yarn – Increasing demand from the domestic textile and apparel industry provides growth opportunities for the company.

Risks · 4

  • 01Dependence on Cotton Prices – Fluctuations in raw cotton prices can significantly impact profit margins and operating performance.
  • 02Highly Competitive Industry – The textile sector is fragmented and competitive, with numerous organised and unorganised players.
  • 03Customer Concentration Risk – Dependence on a limited number of customers could affect revenue if major clients reduce orders.
  • 04Economic and Demand Cyclicality – Demand for yarn is linked to the performance of the textile and apparel industry, which is sensitive to economic conditions.

Three years of numbers

All figures in ₹ crore, as reported in the Aastha Spintex offer document.

Total income
314.02
306
352
314
31 Mar 202431 Mar 202531 Dec 2025
Profit after tax
17.56
16
23
18
31 Mar 202431 Mar 202531 Dec 2025
EBITDA
35.25
34
46
35
31 Mar 202431 Mar 202531 Dec 2025
Metric 31 Dec 2025 31 Mar 2025 31 Mar 2024
Revenue 314.02 352.17 305.67
EBITDA 35.25 46.36 34.25
Net Profit 17.56 22.92 16.29
Assets 331.66 274.20 240.57

See how this IPO compares — view listing performance of all mainboard IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Aastha Spintex RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
25.65
EPS (₹)
5.30
RoE
12.80%
RoCE
12.13%
RoNW
11.46%
PAT Margin
5.60%
EBITDA Margin
11.25%
Debt / Equity
0.66
NAV (₹)
50.53

Aastha Spintex IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Pre-Issue Post-Issue
EPS (₹) ₹7.24 ₹5.30
P/E Ratio (x) 18.78 25.65
Market Cap at Offer Price (₹ Cr) ₹430.00 ₹602.50

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹136 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹100.00 Cr of the issue is earmarked to named objects.

Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited 1,115.10
Inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited ₹100.00 Cr
General Corporate Purpose Not stated
Total 1,215.10

About the company

Aastha Spintex Limited is a Gujarat-based textile company incorporated in 2013. The company is engaged in the manufacturing of cotton yarn and processing of cotton through its integrated spinning and ginning operations. Over the years, it has built a presence in the domestic textile industry by supplying quality yarn products to weaving, knitting, denim, home textile and industrial fabric manufacturers. Its manufacturing facility is strategically located in Halvad, Gujarat, a region known for cotton production and textile activities.

The company is promoted by experienced industry professionals who have played a key role in expanding its operations and strengthening customer relationships. Aastha Spintex follows an integrated business model that enables it to manage various stages of the cotton value chain, from raw cotton procurement to yarn production. This approach helps the company maintain product quality, improve operational efficiency and cater to the evolving requirements of textile manufacturers across India.

Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.

Promoters
Gothi Vivek Rasiklal, Jashwantbhai Valjibhai Patel, Patel Divyang Jashwantbhai, Rasiklal Valjibhai Patel
Promoter holding
74.23% NA
Pre-issue → post-issue
Registered office
Aastha Spintex Ltd. Address Survey No 1441 1442 1448/1 1449 1450/2 P2 & 1443/P2, Halvad Maliya Highway, Halvad Surendranagar, Gujarat, 363330
+91 90815 35400

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
Boi Merchant Bankers Ltd View track record →
Book-running lead manager
Pnb Investment Services Ltd View track record →

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

Pnb Investment Services Ltd

1 issue handled

1 of their issues has listed so far, and 1 opened above the issue price (average +33.1%). That is too small a sample to read as a hit rate.

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Aastha Spintex
Email

Frequently asked

What is the GMP of Aastha Spintex?

The current Grey Market Premium is ₹5, or 3.7% over the issue price.

What is the Aastha Spintex IPO price band?

₹125 to ₹136, on a face value of ₹10.

When is the allotment?

The basis of allotment is 2 July 2026, with listing on 6 July 2026.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.

Aastha Spintex IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹5
Subscribed
5.05×
Min bid
₹14,960
Size my application