IPO Snapshot
Key metrics and details at a glance.
Price Band
₹136
Per ShareLot Size
110 Shares
Minimum Investment
₹14,960
Issue Size
₹170 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
40%
QIB Quota
20%
NII Quota
40%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
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*Real-time data subject to exchange updates
Aastha Spintex Ltd
Business model, operations, and market positioning.
About the Company
We are engaged in the business of manufacturing and trading of carded, combed and compact combed cotton yarns and cotton bales. In Fiscal 2025, our Company has achieved the highest ROCE and RONW amongst its selected peers. Our 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.
Company History
Our Company was originally incorporated as `Aastha Spintex Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated August 12, 2013, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, upon conversion of our Company into a public limited company, the name of our Company was changed to `Aastha Spintex Limited', pursuant to resolution passed by our Board of Directors on January 03, 2025, and the resolution passed by our shareholders at extra-ordinary general meeting on January 27, 2025. A fresh certificate of incorporation dated February 12, 2025, was issued by Registrar of Companies, Central Processing Centre consequent to the conversion.
Growth Strategy
- Focus on growth through organic and inorganic acquisitions.
- To expand our customer base and geographical footprint.
- Operational Efficiency and Manufacturing Excellence.
Promoter Holding (Pre-Issue)
74.23%
Promoter Holding (Post-Issue)
53.22%
Issue Type
Book Building
ISIN
INE2FMX01012
Financial Performance
Revenue, profit, and asset growth over the last three financial years.
Data presented in crores for FY20 to FY24.
Objects of the Issue
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Public offering of up to 1,25,00,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Aastha Spintex Limited (the "Company" or the "Issuer" for cash at a price of Rs. 136 per equity share (including a share premium of Rs. 126 per equity share) (the "Issue Price") aggregating up to Rs. 170.00 Crores ("Issue"). The issue shall constitute 28.32% of the post-issue paid-up equity share capital of the company. Price Band: Rs. 136 per equity share of face value of Rs. 10 each. The floor price is 13.60 times the face value of the equity shares. Bids can be made for a minimum of 110 equity shares and in multiples of 110 equity shares thereafter.
*Subject to approvals and market conditions.
- 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.
- Renewable Energy Infrastructure Enabling Sustainable and Cost-Efficient Manufacturing.
- Strong financials and operating metrics.
- One of the Objects of the Issue is to utilise a portion of the Issue Proceeds towards part payment of the purchase consideration for the acquisition of equity shares of Falcon Yarns Private Limited ("Falcon" or the "Target Company") by the Company, the Company proposes to utilise Rs.11,151.00 lakhs from the Issue Proceeds towards part payment of the purchase consideration for acquisition of 33,453,508 equity shares of Falcon at an acquisition price of Rs.33.33 per equity share which is higher than the buyback price of Rs.14.46 per share undertaken by Falcon on September 13, 2024.
- The company has filed compounding applications in respect of certain past non-compliances under the Companies Act, 2013, and may be subject to penalties or adverse regulatory action in connection therewith.
- The Company has, in the past, not complied with the requirements of Section 138 of the Companies Act, 2013 relating to the appointment of an internal auditor, which may expose it to regulatory actions and could adversely affect its business, financial condition and reputation.
- The company has significantly dependent on 7 Seas Impex for majority of the company sales outside Gujarat and exports, and any adverse development in this arrangement could materially and adversely affect its business, results of operations and financial condition.
- The company continued operations are dependent on a single Manufacturing Facility and are critical to the company business, and any disruption could materially and adversely affect its results of operations, cash flows, and financial condition.