{"id":6775,"date":"2026-06-29T08:45:09","date_gmt":"2026-06-29T08:45:09","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=6775"},"modified":"2026-06-29T08:53:12","modified_gmt":"2026-06-29T08:53:12","slug":"aastha-spintex-ipo-review","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/aastha-spintex-ipo-review\/","title":{"rendered":"Aastha Spintex IPO Review: Key Details, Company Overview, Industry Context & Financials"},"content":{"rendered":"

Aastha Spintex Limited is launching its Initial Public Offering (IPO) through the book-building route, with a total issue size of \u20b9170.00 crores. The offering consists solely of a fresh issue of 1.25 crore equity shares, allowing the company to raise capital directly from the market. No offer-for-sale component is included in this public issue.<\/span><\/p>\n

The IPO subscription window will commence on June 29, 2026, and remain open until July 1, 2026. Based on the proposed schedule, the share allotment process is expected to be completed on July 2, 2026. Following the allotment, the company\u2019s shares are likely to be listed on both the NSE and BSE, with a tentative listing date of July 6, 2026.<\/span><\/p>\n

The price band for the issue has been fixed between \u20b9125 and \u20b9136 per equity share. Investors can apply in lots of 110 shares. At the upper end of the price band, the minimum investment required for retail investors is \u20b914,960. For sNII applicants, the minimum application size is 14 lots comprising 1,540 shares, requiring an investment of \u20b92,09,440. Meanwhile, bNII investors must apply for at least 67 lots, or 7,370 shares, amounting to \u20b910,02,320. BOI Merchant Bankers Ltd. is managing the issue, while Bigshare Services Pvt. Ltd. has been appointed as the registrar.<\/span><\/p>\n

(<\/span><\/i>Source:<\/i><\/b> RHP<\/span><\/i><\/a>)<\/span><\/i><\/span><\/p>\n

Company Overview<\/b><\/h2>\n

Aastha Spintex Limited operates in the manufacturing and trading of cotton-based products, primarily carded, combed, and compact combed cotton yarns, along with cotton bales.\u00a0<\/span><\/p>\n

Cotton bales produced by the Company are utilised for internal yarn manufacturing requirements as well as supplied to external spinning mills. The yarns manufactured serve both knitting and weaving industries and are used across diverse applications such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics.<\/span><\/p>\n

The Company operates a semi-automated, integrated ginning and spinning facility located in Halvad, Morbi, Gujarat. It manufactures 100% cotton yarn in counts ranging from Ne 26 to Ne 40, including carded, combed, and compact combed variants. In the English Cotton Count System, a higher Ne value represents finer yarn.<\/span><\/p>\n

The ginning process transforms raw cotton into cotton bales while generating cotton seeds and other by-products, which are sold to industries involved in oil extraction and animal feed production. Similarly, the spinning process produces cotton waste by-products such as comber, licker-in, and hard waste.\u00a0<\/span><\/p>\n

These materials are marketed to manufacturers of non-woven fabrics and open-end yarns. Non-sellable waste generated during yarn production remains minimal, ranging between 0.1% and 0.3% of total cotton yarn output.<\/span><\/p>\n

(<\/span><\/i>Source:<\/i><\/b> RHP<\/span><\/i><\/a>)<\/span><\/i><\/span><\/p>\n

Industry Context<\/b><\/h2>\n