Aastha Spintex IPO
Market Sentiment
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 239.69 | 305.67 | 352.17 | 314.02 |
| Expense | 238.39 | 284.44 | 320.08 | 289.82 |
| Profit (PAT) | 1.06 | 16.29 | 22.92 | 17.56 |
| Total Assets | 172.59 | 240.57 | 274.20 | 331.67 |
| Company | P/E | EPS |
|---|---|---|
| Ambika Cotton Mills Limited | 14.25 | 114.83 |
| Lagnam Spintex Limited | 11.15 | 7.28 |
| Pashupati Cotspin Limited | 106.54 | 0.82 |
Promoters: Patel Divyang Jashwantbhai, Rasiklal Valjibhai Patel, Gothi Vivek Rasiklal, and Jashwantbhai Valjibhai Patel
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 3,16,42,190 | 74.23% |
Strengths & Risks
- Revenue grew 15% in the latest reported year.
- Strong return on equity — 23%.
No major red flags in the available data.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Aastha Spintex Limited, founded in 2013, has been a prominent player in the manufacturing and trading of carded, combed, and compact combed cotton yarns and cotton bales. The firm uses its cotton bales in 2 ways: for its own cotton yarn manufacturing and for sale or supply to other spinning mills. The cotton yarn that is produced is then used in both knitting and weaving processes. The firm uses yarn to make Denim fabric (jeans), Terry towels, Shirts (shirting), Bed sheets (sheeting), Sweaters, Socks, Bottom wear (pants, trousers, leggings, etc.), Home textiles, and Industrial fabrics. Moreover, the firm has a semi-automated spinning and ginning manufacturing facility situated in Halvad, Morbi, Gujarat. The company also recycles cotton yarn waste generated during textile production to produce other products.
| Purpose | Amount (Cr) |
|---|---|
| Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited | - |
| Inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited | - |
| General Corporate Purpose | - |
Resources & Documents
Aastha Spintex Ltd., Survey No 1441 1442 1448/1 1449, 1450/2 P2 & 1443/P2,, Halvad Maliya Highway, Halvad, Surendranagar, Gujarat, 363330
Aastha Spintex is preparing a mainboard offering for an issue size of Rs 170 crore. The Mainboard issue is scheduled to open for subscription on June 29, 2026 — 10 days from now.
Aastha Spintex Limited, founded in 2013, has been a prominent player in the manufacturing and trading of carded, combed, and compact combed cotton yarns and cotton bales. The firm uses its cotton bales in 2 ways: for its own cotton yarn manufacturing and for sale or supply to other spinning mills.
The issue is promoted by Patel Divyang Jashwantbhai, Rasiklal Valjibhai Patel, Gothi Vivek Rasiklal, and Jashwantbhai Valjibhai Patel with BOI Merchant Bankers Ltd., PNB Investment Services Ltd. acting as lead manager. Net proceeds will primarily be used towards Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited and Inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited.
On fundamentals, the company is posting revenue growth of 15.2%, a profit margin of 6.5%, return on equity of 23.2% in its most recent reported period. Listed peers in this segment include Ambika Cotton Mills Limited (P/E 14.25x) and Lagnam Spintex Limited (P/E 11.15x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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