Aastha Spintex Summary
Established in the year 2013 and listed as a Public Limited Company since February 2025, Aastha Spintex Limited is a Gujarat-based manufacturer and exporter of Carded, Combed and Compact Combed Cotton Yarns and Cotton Bales. The company manufactures 100% Cotton yarn in counts between Ne 26 to Ne 40 and is suitable for Knitting and Weaving in Denim, Terry Towel, Shirting, Sheeting, Sweaters, Socks, Bottom Wear, Home Textile, Industrial Fabric products. The company’s semi automated and integrated manufacturing plant is located at Halvad in Morbi District of Gujarat and covers an area of 65,762 sq.mt. The company has made huge investments in renewable energy through which 1 MW rooftop solar plant, 4 MW ground mounted solar plant and 2.7 MW wind plant operate and meet 80% of the total energy requirements of the company. The company has been awarded with many prestigious awards, including the Fastest Growing Indian Company Excellence Award and the Vibrant Gujarat Global Trade Show award.
Aastha Spintex Mainboard IPO is a book built issuance of 1,25,00,000 shares having a face value of ₹10 each, having an aggregate size up to ₹170 Crore, priced between ₹125–₹136 per share, opening on June 29, 2026, and closing on July 1, 2026, with a tentative listing date of July 6, 2026, on both the stock exchanges of BSE and NSE. Book Running Lead Managers of the issuance are BOI Merchant Bankers Limited and PNB Investment Services Limited.
Aastha Spintex IPO Details:
Aastha Spintex Limited Issue Management:
PNB Investment Services Ltd. acts as the book-running lead manager for Aastha Spintex NSE BSE Mainboard IPO, managing underwriting and compliance.
Aastha Spintex Limited IPO RTA (Registrar) Details:
Bigshare Services Pvt.Ltd. handles allotment, refunds, and demat credits - contact at +91-22-6263 8200 or ipo@bigshareonline.com.
Aastha Spintex Limited IPO Allotment Status:
To check your IPO allotment status:
Visit the Bigshare Services Pvt.Ltd. IPO Application Status page.
Select the company name from the dropdown menu.
Select and enter PAN, Application Number, DP/Client ID, or Account Number/IFSC.
Click Submit to view your allotment status.
Aastha Spintex Mainboard IPO comprises a total issue size of 1,25,00,000 shares, entirely a fresh issue with no OFS component. There is no market maker reservation (mainboard IPO).
Aastha Spintex Limited IPO proceeds from the fresh issue will be deployed towards:
Aastha Spintex Mainboard IPO is structured for QIB (50%), NII (15%), and Retail (35%) investors as per SEBI mainboard norms. Minimum retail application is 1 lot (110 shares) at ₹14,960. Anchor investor bidding is on June 28, 2026 — one working day before the issue opens.
The anchor bidding for Aastha Spintex Limited Mainboard IPO is scheduled for June 28, 2026, one working day before the issue opens on June 29, 2026. Anchor investors will be allotted shares in accordance with SEBI mainboard IPO regulations — up to 60% of the QIB portion may be allocated to anchor investors.
Lock-in: The anchor allocation follows standard SME IPO norms, where 50% of anchor shares are locked in for 30 days and the remaining 50% for 90 days from the listing date of July 6, 2026 on BSE and NSE.
BOI Merchant Bankers Ltd. and PNB Investment Services Ltd. are the BRLMs. Bigshare Services Pvt. Ltd. is the registrar. Company contact: Aastha Spintex Limited, Halvad Maliya Highway, Halvad, Morbi, Gujarat. Chairman & MD: Patel Divyang Jashvantbhai.
Profit generated by Aastha Spintex Ltd. is through the manufacturing and marketing of carded, combed and compact combed cotton yarns and cotton bales to textile manufacturers, including customers in denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles and industrial fabrics sectors. Profit is generated by the company through the sale of various cotton yarn specifications, cotton bales for captive yarn production and supply to other spinning units, yarn waste reuse, and integrated spinning and ginning operations at its facility in Halvad, Morbi, Gujarat.
Action Links:
To apply for Aastha Spintex Limited IPO, open a demat account here
Aastha Spintex Limited IPO Subscription Status: Check live subscription here
Aastha Spintex Limited IPO GMP Update: Check latest grey market premium here
Aastha Spintex Key Highlights:
Aastha Spintex Limited is an Halvad, Morbi-based producer of cotton yarn and cotton bales that was incorporated in the year 2013. The products produced by the company are Ne 26 – Ne 40 Carded, Combed & Compact Combed Yarns used for denim, terry towels, shirting, home textiles, socks, bottom wear, and industrial fabrics. The manufacturing unit is 65,762 sq. mt. integrated plant with semi-automation in spinning and ginning operations and gets 80% of its energy from renewable sources (1 MW rooftop solar + 4 MW ground solar + 2.7 MW wind). This is the only IPO which is based on acquisition, whereby funds raised through this IPO shall be used to acquire Falcon Yarns Private Limited. Listing on BSE and NSE mainboard.
Promoters: Patel Divyang Jashvantbhai, Rasiklal Valjibhai Patel, Gothi Vivek Rasiklal, and Jashvantbhai Valjibhai Patel.
Aastha Spintex Risk Factors:
The risks of Aastha Spintex Limited IPO are mentioned below:
Risk of Acquisition Integration: The first purpose for using funds from the IPO is the acquisition of Falcon Yarns Private Limited. The inability to make the acquisition, overpayment in valuation, or any difficulties in post-merger integration can have a major impact on financial performance.
Price Fluctuations of Cotton: Income depends heavily on the price of cotton yarn and bales, which are influenced by the worldwide cycle of cotton prices, rainfall, and government MSP policy.
Single Production Plant: Operations take place within one integrated manufacturing plant located in Halvad, Morbi. Anything from natural calamity to regulatory activity can seriously impact production.
Cyclical Nature of Sectors: The textiles and spinning sector is very cyclical and is dependent on worldwide apparel sales, exchange rates, and export market conditions.
Dependence on Renewable Energy: ~80% of power requirement will be met through captive solar and wind generation facilities. Failure of any of these can lead to increase in power cost or production disruption.
Expectations for Mainboard Listing: Being a mainboard listing, there is going to be more attention paid towards the company. Any failure to deliver on the growth expectations post listing can lead to a big correction in stock price.
Aastha Spintex Expert Analysis:
Aastha Spintex Mainboard book-built IPO is priced at ₹125–₹136 per share (face value ₹10), aggregating up to ₹170 Cr, entirely a fresh issue with no OFS component. Listing on both BSE and NSE.
Basic details of the IPO:
Type of IPO: Book-built Mainboard IPO (BSE & NSE)
Uses of funds: Part payment for Falcon Yarns Private Limited acquisition, inter-corporate deposits for Falcon Yarns' working capital, and general corporate purposes
Anchor bidding: June 28, 2026 | Opens: June 29, 2026 | Closes: July 1, 2026 | Allotment: July 2, 2026 | Listing: July 6, 2026 (BSE & NSE)
Lead Managers: BOI Merchant Bankers Ltd. & PNB Investment Services Ltd. | Registrar: Bigshare Services Pvt. Ltd.
Expert View on the IPO:
The growth story of Aastha Spintex is based on acquisitions. Its emphasis on premium count cotton yarns (Ne 26 – Ne 40), its near zero grid dependency because of the use of renewable energy, and its peer leading ROCE/RONW ratios for FY2025 make this firm fundamentally appealing. The acquisition of Falcon Yarns can boost capacity and revenues for the firm. However, the investors should consider the cost of the acquisition and the cyclicality of the industry of cotton textiles. Minimum investment required is ₹14,960 (1 lot).
Should you invest in Aastha Spintex?
Recommended for investors who are comfortable with a cotton yarn manufacturer’s acquisitions-led growth and exposure to the growth of India’s textile industry. Risk-averse investors must first look for GMPs and subscription trends.
Consider investing when:
Looking for exposure to a mainboard listed cotton yarn manufacturer with leading return ratios, cost advantage due to renewable energy, and acquisition strategy to scale capacity.
Comfortable with cyclicality of the textile industry, acquisition integration risk, and mainboard listing.
Do not invest when:
Risk-averse about cotton commodity price cycles, acquisition integration execution, and single-location manufacturing concentration.
Preferring businesses with diversified revenue streams, multiple product categories, or lower commodity exposure.
Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is for informative purposes and not investment advice.
Action Links:
To apply for Aastha Spintex Limited IPO, open a demat account here
Aastha Spintex Limited IPO Subscription Status: Check live subscription here
Aastha Spintex Limited IPO GMP Update: Check latest grey market premium here
1. What is the Aastha Spintex Limited IPO open and close date?
Aastha Spintex Mainboard IPO opens on June 29, 2026 and closes on July 1, 2026. Allotment is on July 2, refunds and demat credit on July 3, and listing on BSE and NSE is July 6, 2026.
Track Aastha Spintex Limited IPO subscription status live here from Finnpick.
2. What is the Aastha Spintex Limited IPO price band and lot size?
The IPO price band is ₹125–₹136 per share (face value ₹10). Lot size is 110 shares. Minimum retail investment is ₹14,960 (1 lot). Maximum retail application is 13 lots (1,430 shares) amounting to ₹1,94,480.
3. What is Aastha Spintex Limited IPO total size?
Aastha Spintex IPO is a Mainboard IPO of 1,25,00,000 equity shares aggregating up to ₹170 Cr at upper price band, entirely a fresh issue with no OFS component. Listing on both BSE and NSE.
4. How to apply for the Aastha Spintex Limited IPO?
Open a demat here (Zerodha/Upstox/AngelOne) or apply ASBA by July 1, 4 PM. Monitor Aastha Spintex Limited IPO subscription tracker here. Ensure your demat account is active and UPI mandate is approved before the closing time.
5. How to check Aastha Spintex Limited IPO Allotment Status?
The allotment date is on July 2, 2026. Check allotment on Bigshare Services Pvt. Ltd. portal at ipo.bigshareonline.com or on BSE/NSE IPO allotment pages using PAN, Application Number, or DP/Client ID.
6. What is Aastha Spintex Limited IPO GMP today and subscription status?
Current Grey Market Premium (GMP) stands at ₹5 as of June 27, indicating listing at the price range of ₹141 - check daily updates of Aastha Spintex Limited IPO GMP trends here and live subscription status here from June 29th opening only on Finnpick.
7. What does Aastha Spintex Limited specialize in?
Aastha Spintex Limited is a Gujarat-based manufacturer of carded, combed, and compact combed cotton yarns (Ne 26–Ne 40) and cotton bales from its integrated semi-automated facility in Halvad, Morbi. Products are used in denim, terry towels, shirting, home textiles, socks, and industrial fabrics.
8. When is the Aastha Spintex Limited IPO listing date?
The IPO is scheduled to list on both BSE and NSE on July 6, 2026. Allotment on July 2, refunds and demat credits on July 3, 2026.
9. What are the Aastha Spintex Limited IPO proceeds utilization details?
The IPO proceeds of ₹170 Cr will be utilised for part payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited, inter-corporate deposits for Falcon Yarns' working capital requirements, and general corporate purposes.
10. Who are the promoters of Aastha Spintex Limited?
The promoters are Patel Divyang Jashvantbhai (Chairman & MD), Rasiklal Valjibhai Patel, Gothi Vivek Rasiklal, and Jashvantbhai Valjibhai Patel.
11. Should I apply for the Aastha Spintex IPO?
You may consider applying if you are comfortable with a cotton yarn manufacturer's acquisition-driven expansion (Falcon Yarns), peer-leading ROCE/RONW in FY2025, and renewable energy cost advantages. Avoid risk-averse about cotton commodity cycles, acquisition integration risks, and single-location manufacturing concentration. Minimum retail investment of ₹14,960 is accessible. Read the RHP and consult a SEBI-registered advisor before investing.
