Aastha Spintex IPO Review
Aastha Spintex Limited, a company engaged in the business of manufacturing and trading carded, combed, and compact-combed cotton yarns & cotton bales, plans to raise ₹170 crore through an IPO.
[Fresh Issue ₹170 Cr + OFS NIL]
Aastha spintex ipo price: ₹125 – ₹136 per share.
Aastha Spintex: History
The Company was originally incorporated as Aastha Spintex Private Limited, a private limited company under the Companies Act, 1956, on August 12, 2013.
The Company was then converted into a public limited company on January 27, 2025, under a special resolution passed by the shareholders.
Its name was subsequently changed to Aastha Spintex Limited, and a fresh certificate of incorporation was issued by the Registrar of Companies on February 12, 2025.
Aastha Spintex: Business
Astha Spintex Ltd is an integrated cotton textile manufacturer engaged in the production, trading, and sale of cotton bales, cotton yarns, and cotton waste by-products.
The Company’s cotton bales are utilized both for captive production of cotton yarns and for supply to other spinning units.
The cotton yarns produced are used in both knitting and weaving applications, catering to a wide spectrum of end-use segments and products, including bottom wear, denim, home textiles, shirting, sheeting, sweaters, socks, terry towels, and industrial fabrics.
The Company operates exclusively in the business-to-business (B2B) segment, supplying its products to buyers such as textile manufacturers, yarn exporters, bulk purchasers, and fabric processors.
As of the date of this Draft Red Herring Prospectus (DRHP), the company has a spindle count capacity of 25,920 spindles through 15 compact ring spinning machines and an annual 12,000 MT production capacity of cotton bales through 28 ginning machines.
Manufacturing Facility
As of the date of this DRHP, the company has one operating facility situated at Halvad, Morbi, Gujarat, India, which operates 24X7, in 3 shifts, with an average annual working of 365 days.
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Strategies Ahead
- Focus on growth through organic and inorganic acquisitions.
- Expand client base and geographical footprint.
- Operational efficiency and manufacturing excellence.
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Company Promoters
- Divyang Jashwantbhai Patel,
- Rasiklal Valjibhai Patel,
- Gothi Vivek Rasiklal,
- Jashwantbhai Valjibhai Patel.
Refer to Aastha Spintex DRHP for more information.
IPO Details
ipo date: 29 June – 1 July 2026
Minimum Amount: ₹14,960
Minimum Bid: 110 Shares
Face Value: INR 10 per share
Listing On: NSE, BSE
Financial
Book Running Lead Managers
BOI Merchant Bankers
PNB Investment Services
CONCLUSION
Considering financial performance and the nature of the business in mind, FinBlab recommends ‘NEUTRAL‘ ratings on Aastha Spintex IPO.
Do come back to know more about upcoming IPOs.
Disclaimer: This article is purely for informational purposes.
While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
