Ashutosh Fibre SME IPO
Ashutosh Fibre IPO — date, price band, GMP & allotment 2026
Ashutosh Fibre Limited makes technical textile products, mainly polypropylene and specialty spun yarns, on a business to business basis. Running since 1985, it works across the Indutech, Protech, Hometech and Mobiltech segments, supplying filtration, safety apparel, home furnishing and automotive friction applications.
Stock price
Ashutosh Fibre is listed — here is the live share price.
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 16 September.
- Open 31 Aug 2026
- Close 02 Sep 2026
- Allotment 03 Sep 2026
- Refund/credit 04 Sep 2026
- Listing 07 Sep 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 31 Aug to 2 Sep, 2026 |
|---|---|
| Price Band | ₹87 – ₹92 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹56.35 Cr |
| Sale Type | Fresh capital only |
| Listing On | NSE SME |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 2,20,800 |
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 1200 shares at the ₹92 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,400 | ₹2,20,800 |
| Retail (max) | 2 | 2,400 | ₹2,20,800 |
| HNI (min) | 3 | 3,600 | ₹3,31,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 8
- 01Profit nearly doubled in the last year, from Rs 8.51 crore in FY2025 to Rs 16.04 crore in FY2026, and has more than doubled since Rs 7.05 crore in FY2024.
- 02EBITDA improved sharply, from Rs 16.14 crore in FY2024 to Rs 17.84 crore in FY2025 and Rs 31.07 crore in FY2026.
- 03This is the cheapest of the current issues on earnings, at about 12.55 times on an EPS of Rs 7.33, with RoNW of 23.73%.
- 04The company reduced its borrowing while growing, from Rs 57.44 crore in FY2025 to Rs 47.92 crore in FY2026, and net worth rose from Rs 35.85 crore to Rs 51.90 crore.
- 05It has a long record of about 40 years, having started in 1985.
- 06The business is spread across four technical textile segments, covering filtration, protective equipment, home furnishing and automotive friction, so it is not tied to one end market.
- 07It makes specialty yarns such as para aramid, meta aramid and FR viscose, which earn better than plain commodity yarn.
- 08The plant has three different spinning technologies and can make counts from 2 Ne to 50 Ne, which allows a wide range of orders, and a 380 KW rooftop solar system cuts the power bill.
Risks · 9
- 01The financial data contains an error that needs checking. Total assets for FY2026 are shown as Rs 25.80 crore, which is less than the net worth of Rs 51.90 crore for the same year and far below the Rs 104.60 crore of assets shown for FY2025. Total assets cannot be smaller than net worth, so this figure must be verified in the RHP.
- 02Sales are almost flat. Total income moved from Rs 109.89 crore in FY2024 to Rs 114.97 crore in FY2025 and Rs 117.43 crore in FY2026, which is about 2% growth in the last year. The profit jump came from margin, not from selling more.
- 03Borrowing is still high at Rs 47.92 crore, close to the net worth of Rs 51.90 crore.
- 04Promoter holding is already below 60% and falls to 43.05% after the issue, which is below half, so the promoters will not hold a majority.
- 05One of the promoters is a company, Prabhas Fin-Stock Pvt Ltd, rather than only individuals, so promoter continuity depends on that entity as well.
- 06Demand depends on industrial and automotive activity. Filtration, geotextiles and brake pad yarns are all bought by other manufacturers, so a slowdown passes straight through.
- 07Polypropylene is crude oil linked and aramid fibre is a costly specialty import, so raw material prices can move sharply.
- 08The manufacturing is concentrated at its Petlad unit, so there is single location risk.
- 09This is an SME issue. One lot is 1,200 shares, which is about Rs 1.10 lakh at the upper band of Rs 92, and SME shares usually trade in low volume after listing.
Three years of numbers
All figures in ₹ crore, as reported in the Ashutosh Fibre offer document.
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 25.80 | 104.60 | 73.01 |
| Total Income | 117.43 | 114.97 | 109.89 |
| Profit After Tax | 16.04 | 8.51 | 7.05 |
| EBITDA | 31.07 | 17.84 | 16.14 |
| NET Worth | 51.90 | 35.85 | 27.55 |
| Reserves and Surplus | 36.15 | 34.10 | 25.80 |
| Total Borrowing | 47.92 | 57.44 | 34.86 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Ashutosh Fibre RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Ashutosh Fibre IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹7.33 |
| P/E Ratio (x) | 12.55 |
| Market Cap at Offer Price (₹ Cr) | ₹201.32 |
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 ₹92 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
₹45.51 Cr of the issue is earmarked to named objects.
About the company
Its yarn range includes para aramid based spun yarn, high tenacity polyester yarn, meta aramid and FR viscose yarn, 100% polypropylene yarn, modacrylic based yarn and poly poly corespun yarn.
The company works across four technical textile categories. In Indutech it makes polypropylene spun yarns used in filtration, geotextiles, ropes, webbings and process industry textiles. In Protech it makes yarns and fabrics with strength, flame retardancy and heat resistance for personal protective equipment, safety clothing and industrial thermal barriers. In Hometech it serves home furnishing textiles, carpets and home filtration media. In Mobiltech it makes friction resistant yarns used in automotive parts such as brake pads, clutch facings and transmission components.
Its factory has five processing lines and three yarn making technologies, namely Ring Spun, DREF or friction spun, and Open-End spinning, and can make yarn in counts from 2 Ne to 50 Ne in single or multiple plies. It has also put up a 380 KW rooftop solar system at its Petlad unit for its own use.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
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The bankers & the filings
Who is running the book, and the documents this page is built from.
Company contact
Frequently asked
What is the GMP of Ashutosh Fibre?
The current Grey Market Premium is ₹56, or 60.87% over the issue price.
What is the Ashutosh Fibre IPO price band?
₹87 to ₹92, on a face value of ₹10.
When is the allotment?
The basis of allotment is 3 September 2026, with listing on 7 September 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
