Aastha Spintex Ipo
Aastha Spintex IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
BOI Merchant Bankers Ltd.
PNB Investment Services Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | June 29, 2026 |
| IPO Close Date | July 1, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹170 Crores |
| Fresh Issue | Approx ₹170 Crores |
| Issue Type | Bookbuilding Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
| Anchor Bidding Date | June 25, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
| IPO Open Date: | June 29, 2026 |
| IPO Close Date: | July 1, 2026 |
| Basis of Allotment: | July 2, 2026 |
| Refunds: | July 3, 2026 |
| Credit to Demat Account: | July 3, 2026 |
| IPO Listing Date: | July 6, 2026 |
| IPO Bidding Cut-off Time: | July 1, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 3,16,42,190 | 74.23% |
| Promoter Holding Post Issue | – | -% |
| Purpose | Crores |
| Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited | ₹- |
| Inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited | ₹- |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹239.69 | ₹238.39 | ₹1.06 | ₹172.59 |
| 2024 | ₹305.67 | ₹284.44 | ₹16.29 | ₹240.57 |
| 2025 | ₹352.17 | ₹320.08 | ₹22.92 | ₹274.20 |
| Dec 2025 | ₹314.02 | ₹289.82 | ₹17.56 | ₹331.67 |
| KPI | Values |
| ROE: | 23.21% |
| ROCE: | 18.89% |
| EBITDA Margin: | 13.20% |
| PAT Margin: | 6.53% |
| Debt to equity ratio: | 0.79 |
| Earning Per Share (EPS): | ₹8.29 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 18.93% |
| Net Asset Value (NAV): | ₹43.80 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Ambika Cotton Mills Limited | 114.83 | 14.25 | 7.27% | 1,579.14 | 702.07 Cr. |
| Lagnam Spintex Limited | 7.28 | 11.15 | 10.64% | 68.41 | 605.56 Cr. |
| Pashupati Cotspin Limited | 0.82 | 106.54 | 8.35% | 9.78 | 636.70 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |