Aastha Spintex Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 3.59x | 2,500,000 | 8,982,380 | ₹34 Cr |
| NII (HNI) | 8.29x | 5,000,000 | 41,454,490 | ₹68 Cr |
| Retail | 2.54x | 5,000,000 | 12,690,370 | ₹68 Cr |
| Σ Total | 5.05x | 12,500,000 | 63,127,240 | ₹170 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹14,960 |
| Retail (Max) | 13 | 1,430 | ₹194,480 |
| S-HNI (Min) | 14 | 1,540 | ₹209,440 |
| B-HNI (Min) | 67 | 7,370 | ₹1,002,320 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 604 | 306 | 240 |
| EBITDA | — | 34 | 12 |
| Profit After Tax | 25 | 16 | 1 |
| Net Worth | 121 | 76 | 60 |
| Total Assets | 453 | 241 | 173 |
| Total Borrowing | — | 83 | 81 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited – 111.51
- General Corporate Purpose – 100.00
- Inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited –
Company Overview
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 and 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.
Product:
- Cotton Bales: Cotton bales are compressed, packaged bundles of ginned cotton, produced after the raw cotton undergoes ginning to separate the lint from the seeds and other impurities.
- Other Products: Cotton yarn waste arises during spinning and postprocessing but is effectively reused within the textile ecosystem. Cotton yarn waste is an inevitable byproduct of the yarn manufacturing process, arising from pre-processing, spinning, and post-processing stages.
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 facility 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.