Aastha Spintex IPO
Textiles • ₹170 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- Regulatory or legal risks cited in DRHP
- A significant portion of the IPO proceeds is proposed to be utilised for the acquisition o…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹136
Lot Size
110 shares
Issue Size
₹170 Cr
Open
29 Jun 2026
Close
01 Jul 2026
Subscription
4.60×
IPO Schedule
| Issue Open Date | 29 Jun 2026 |
| Issue Close Date | 01 Jul 2026 |
| Allotment Date | 02 Jul 2026 |
| Listing Date | 05 Jul 2026 |
About Aastha Spintex
Aastha Spintex Limited is engaged in the manufacturing and trading of carded, combed, and compact combed cotton yarns and cotton bales. The company operates exclusively in the business-to-business (B2B) segment and supplies its products to textile manufacturers, yarn exporters, bulk purchasers, and fabric processors. The company produces 100% cotton yarn in counts ranging from Ne 26 to Ne 40, which are used in knitting and weaving applications across products such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics. In addition to cotton yarn and cotton bales, the company also generates and sells cotton seeds and cotton waste by-products arising from the ginning and spinning processes. Aastha Spintex operates a semi-automated and integrated spinning and ginning manufacturing facility at Halvad, Morbi, Gujarat. The facility has an annual production capacity of 7,700 MT of cotton yarn and 12,000 MT of cotton bales.
Company Details
Founders / Promoters
Mr Divyang Jashwantbhai Patel
Founded
2013
Registrar
BIGSHARE
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Aastha Spintex — IPOFins Verdict
QuantitativeDriven by QIB demand at 3.3x and moderate disclosed risk (5/10), Aastha Spintex listed at a discount of 4.4% to its issue price. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- The company claims to pursue a balanced growth strategy through both capacity expansion and strategic acquisitions. It has agreed to acquire Falcon Yarns Private Limited, which is expected to increase
- The company has established long-standing relationships with certain customers and channel partners over more than a decade of operations. Around 14 customers have been associated with the company for
- The company claims to benefit from the strategic location of its manufacturing facility at Halvad, Morbi, Gujarat, near key cotton-growing regions and major logistics infrastructure. It also claims to
- The company claims to have invested in renewable energy infrastructure comprising a 1 MW rooftop solar plant, a 4 MW ground-mounted solar plant, and a 2.7 MW wind power plant. These facilities reporte
- The company has reported growth in both revenue and profitability in recent years. Revenue from operations increased by 15.19% from Rs 304.86 crore in FY24 to Rs 351.16 crore in FY25, while profit aft
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
Institutional subscription → score +1.0
Actual listing outcome → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹136
Listing Price
₹130
Listing Gain/Loss
-4.41%
Listing Date
05 Jul 2026
Price Since Listing
Returns are measured against the ₹136 issue price.
Listing
₹130
-4.4%
1 Week
₹122.88
-9.6%
Current
₹77.08
-43.3%
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FAQ
What is the price band of Aastha Spintex IPO?
The price band is ₹136 per share with a lot size of 110 shares. Minimum investment: ₹14,960.
What does Aastha Spintex do?
Aastha Spintex Limited is engaged in the manufacturing and trading of carded, combed, and compact combed cotton yarns and cotton bales. The company operates exclusively in the business-to-business (B2B) segment and supplies its products to textile manufacturers, yarn exporters, bulk purchasers, and fabric processors. The company produces 100% cotton yarn in counts ranging from Ne 26 to Ne 40, which are used in knitting and weaving applications across products such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics. In addition to cotton yarn and cotton bales, the company also generates and sells cotton seeds and cotton waste by-products arising from the ginning and spinning processes. Aastha Spintex operates a semi-automated and integrated spinning and ginning manufacturing facility at Halvad, Morbi, Gujarat. The facility has an annual production capacity of 7,700 MT of cotton yarn and 12,000 MT of cotton bales.
Should I apply for Aastha Spintex IPO?
Aastha Spintex listed at ₹130 (-4.4% discount to the ₹136 issue price) after 4.6x subscription. IPOFins Score 6/10: Driven by QIB demand at 3.3x and moderate disclosed risk (5/10), Aastha Spintex listed at a discount of 4.4% to its issue price. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Aastha Spintex?
Aastha Spintex was founded by Mr Divyang Jashwantbhai Patel in 2013.