Aastha Spintex IPO

About the company

Aastha Spintex manufactures and trades cotton yarn and cotton bales. Its products include carded, combed, and compact combed cotton yarn. The company also produces cotton bales, which are used both in-house for manufacturing yarn and sold to other spinning mills. The company’s yarn is used across several textile applications such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics. The company operates a semi-automated, integrated spinning and ginning facility in Morbi, Gujarat. The location of this facility is close to one of India's major cotton-growing regions which ensures easy access to good-quality raw material. It manufactures 100% cotton yarn in counts ranging from Ne 26 to Ne 40, including carded, combed, and compact combed varieties. “Ne” is a measurement unit which is used to measure the fineness or thickness of a yarn. As on the date of the RHP, the plant has 25,920 installed spindles across 15 compact ring spinning machines. It also has 28 ginning machines with an annual cotton bale production capacity of 12,000 MT and a cotton yarn production capacity of 7,700 MT per annum. The facility runs in three shifts and generally remains operational for 365 days a year. The manufacturing unit is spread over 65,762 sq. m of land. Out of this, 30,397.11 sq. m has been developed, while the remaining 35,364.89 sq. m is vacant and available for future expansion. The company operates entirely in the B2B segment. It supplies its products to textile manufacturers, yarn exporters, fabric processors, and bulk buyers. It follows a two-channel sales model. Sales within Gujarat are handled directly while sales outside Gujarat, including exports, are routed through its reseller, 7 Seas Impex. During FY25, the company reported total sales of ₹343.69 crore, with direct sales in Gujarat and sales through the Gujarat-based reseller contributing the majority of revenue. The company served 85 customers in FY23 and 145 customers during 9MFY26. Around 14 customers have been associated with the company for more than five years. Its long-standing customers include 7 Seas Impex and Elkins Tradelink Ltd. Cotton yarn sales contributed to 63.37% and 19.47% of total product sales for FY23 and 9MFY26 to 7 Seas Impex. The company’s sourcing of cotton was spread across more than 125 suppliers located in Gujarat as on March 31, 2025, thereby, keeping down transportation costs and facilitating faster delivery of raw materials. It purchases cotton against short-term purchase orders instead of longer term agreements. The company entered a share purchase agreement to acquire 100% stake in Falcon Yarns Private Limited. Falcon carries on business of cotton yarn manufacturing with a capacity of 9,757 MT per annum and is located in Gondal, Rajkot, Gujarat. After the acquisition, Aastha Spintex's total spinning capacity is expected to increase from 7,700 MT per annum to 17,457 MT per annum. Falcon Yarns’ revenue from operations stood at ₹228.75 crore in FY23, ₹220.35 crore in FY24, and ₹249.44 crore in FY25. As on December 31, 2025, the company employed 205 people. Employee attrition has improved over the years. It stood at 11.16% in FY23 and reduced to 8.07% during 9MFY26. The global textile market is benefitting from factors like a growing focus on sustainable textiles, demand for more apparel, and the China+1 strategy. The market was worth $1,244.8 billion in CY25 and is projected to reach $2,058.8 billion in CY34, expanding at a CAGR of 5.75%. The Indian textile market was worth $195.4 billion in 2025 and is expected to be $623.34 billion by 2035, growing at a CAGR of 12.3%. Supportive government schemes like the PM MITRA Parks and the Production Linked Incentive (PLI) are expected to fuel this growth. 38-40% of the Indian textile market is composed of cotton textiles, which dominate the industry. India is the second largest cotton producer in the world and in India, cotton textiles constitute nearly 60% of the total textile fibers consumed. As Aastha Spintex produces carded, combed, and compact combed cotton yarns, increasing textile production would most likely increase demand for its products. With the Falcon Yarns acquisition, the spinning capacity would increase from 7,700 MT per annum to 17,457 MT per annum. This will improve capacity and help meet the needs of the growing domestic and export markets with the expansion of the textile sector. Now, Aastha Spintex Ltd is launching its initial public offering (IPO), which consists of an Fresh issue of ₹170.00 crore only. The total issue size of the IPO is ₹170.00 crore. Its shares will be listed on the NSE and BSE. ### **How to pre-apply for Aastha Spintex IPO?** You can pre-apply for Aastha Spintex IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO: - Login to your Upstox account, using your six-digit PIN - After successfully logging in, click on ‘Discover’ - On the Discover tab, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, look for the ‘Aastha Spintex IPO’ tab and click on it - Now fill in all the required information, like ‘bid price’ and ‘lot size’ - Confirm and click on ‘Pre-Apply’ - Accept the mandate on your UPI app ### **How to apply for Aastha Spintex IPO?** If you are interested in this investment opportunity but unsure how to apply for Aastha Spintex IPO, here are the steps that you need to follow. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for Aastha Spintex IPO on Upstox: - Log in to your Upstox account, using your six-digit PIN - After logging in, click on ‘Discover’ - On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, look for the ‘Aastha Spintex IPO’ tab and click on it - Now fill in all the required information, like ‘bid price’ and ‘lot size’ - Confirm and click on ‘Apply’ - Accept the mandate on your UPI app ### **How to check the Aastha Spintex IPO allotment status? ** When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes. Here’s a step-by-step guide on how to check the Aastha Spintex IPO allotment status: - Login to your Upstox account, using your six-digit PIN - After logging in, click on ‘Discover’ - On the ‘Discover’ page, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, you will find the ‘View all’ option - Once you click on ‘View all’, you will be directed to the ‘IPO’ tab - In the ‘IPO’ tab, click on ‘My applications’ - In ‘My applications’, under the History section, your Aastha Spintex IPO allotment status will be mentioned.

GMP trend (Grey Market Premium by date)

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   29 Jun 2026

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   01 Jul 2026

   Last day to place your bid

3. Basis of Allotment

   Completed
   02 Jul 2026

   Share allotment finalised

4. Refund Initiation

   Completed
   03 Jul 2026

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   03 Jul 2026

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   06 Jul 2026

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.