Aastha Spintex IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
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 | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Ambika Cotton Mills Limited | 114.83 | 14.25 | 7.27 | 1,579.14 | 702.07 Cr |
| Lagnam Spintex Limited | 7.28 | 11.15 | 10.64 | 68.41 | 605.56 Cr |
| Pashupati Cotspin Limited | 0.82 | 106.54 | 8.35 | 9.78 | 636.70 Cr |
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% |
| Promoter Holding Post Issue | 4,41,42,190 | 53.21% |
Strengths & Risks
- Strongly subscribed — 4.6x overall (so far).
- Strong institutional (QIB) demand — 3.3x.
- 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 has set a price band of Rs 125–Rs 136 per share for an issue size of Rs 170 crore. The stock listed with a 4.41% discount versus its issue price on July 06, 2026.
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.
Grey market is quoting a premium of +Rs 7 (+5.2% over issue price), up Rs 3 from the previous session. Final subscription data records overall subscription at 4.64x, retail at 2.33x, QIB at 3.30x, NII at 7.62x.
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.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Aastha Spintex IPO GMP — What It Means
The latest grey market premium for Aastha Spintex IPO is ₹7 (+5.2%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Aastha Spintex it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Aastha Spintex GMP history and trend, or learn how grey market premium works and how reliable it is.
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