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₹87 - 92 Amounts at the upper price band.
Ashutosh Fibre Ltd
TextilesIPOSME
₹87 - 92
The Company was engaged in both manufacturing and trading activities. Trading continued to contribute significantly to the business until FY 2006-07; however, over time, manufacturing emerged as the primary area of focus. In 2010, Abhishek Rajendrakumar Agarwal, who possesses relevant industry experience, joined the Company through a transfer of shares and contributed to the further development and expansion of the Company's manufacturing capabilities. Currently, the business is managed by our promoters, Siddharth Prakash Patel and Abhishek Rajendrakumar Agarwal. Under their leadership, the Company has scaled its operations and established a manufacturing facility in Petlad, Gujarat, specializing in the production of various technical and synthetic yarns.
Lot1,200Min Invest₹2,20,800Face Value₹10Issue Size₹56 CrFresh Issue₹56 CrListing Price₹140CMP₹121
Timeline
31 Aug
Bidding opens
2 Sept
Bidding closes
3 Sept
Allotment
4 Sept
Refund & demat credit
7 Sept
Listing
Subscription · As of 4:50 PM, 2 Sept
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB143.9x27.48 L39.56 Cr3,639.31NII148.8x8.26 L12.30 Cr1,131.28Retail98.8x19.27 L19.03 Cr1,750.77Total124.2x61.25 L76.10 Cr6,621.17
Reports
Offer Details
Terms
Issue Size₹56 Cr0.61 Cr shares
Fresh Issue₹56 Cr
Face Value₹10
Lot Size1,200 shares
ReservationQIB 49.96% · NII 15.02% · RETAIL 35.02%
Application Sizes
Retail₹2,20,8001-1 lots
sNII₹2,20,800from 2 lots
bNII₹11,04,000from 10 lots
Managers & Registrar
Lead ManagerMefcom Capital Markets Limited
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group59.78%43.04%Public40.22%56.96%
Objects of the Issue
- Funding capital expenditure requirements towards funding of new equipment and machinery
- Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company
- General Corporate Purpose
Anchor Book
Bid Date28-Aug-2026Shares17,43,600Amount₹16 Cr30-day lock-in02-Oct-202690-day lock-in01-Dec-2026
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 89 | 98 | 110 | 114 | 117 |
| Operating ProfitCr | 9 | 11 | 16 | 18 | 31 |
| OPM% | 10.0 | 10.7 | 14.7 | 15.6 | 26.5 |
| PBTCr | 4 | 5 | 10 | 11 | 22 |
| PATCr | 3 | 3 | 7 | 9 | 16 |
| EPS | 0 | 2 | 4 | 5 | 10 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 2 | 2 | 2 | 2 | 16 |
| ReservesCr | 16 | 19 | 26 | 34 | 36 |
| BorrowingsCr | 36 | 30 | 35 | 57 | 48 |
| Total AssetsCr | 64 | 60 | 73 | 105 | 112 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 4 | 12 | 6 | 11 | 21 |
| Investing Cash FlowCr | -6 | -2 | -8 | -26 | -10 |
| Financing Cash FlowCr | 0 | -9 | 1 | 18 | -14 |
| Net Cash FlowCr | -2 | 1 | -1 | 3 | -3 |
Strengths & Risks
Strengths · as stated in the DRHP
- Diverse portfolio of specialised technical yarns catering to industrial, protective and home applications.
- Advanced spinning technologies and proprietary fibre recycling processes ensuring innovation and sustainability.
- Strong focus on stringent quality control backed by international certifications such as ISO and OEKO-TEX.
- Long-standing customer relationships across filtration, automotive, defence and protective textile industries.
- Experienced management team with proven expertise in handling high-performance fibres.
- Positioned to capture growth opportunities in the rapidly expanding technical textiles sector
Strategies · as stated in the DRHP
- Production Capacity Enhancement and Cost Optimization.
- Expand Global Market Reach.
- Expansion into Manufacture and Sale of Modacrylic-Based Fabrics.
- Automation, Digitization and Export-Led Growth
Risks · as stated in the DRHP
- The company does not has long-term agreements for supply of the raw materials. If the company is unable to procure raw materials of the required quality and quantity, at competitive prices, its business, results of operations and financial condition may be adversely affected.
- A significant portion of its revenue comes from key customers and losing one or more of them, experiencing a decline in their financial health or business outlook, or facing a reduction in their demand for the company products could negatively impact its business, results of operations, financial condition and cash flows.
- The Company is subject to export obligations under duty exemption schemes, and any inability to comply with such obligations, adverse movements in foreign trade policy, or unfavorable external factors may adversely affect its business, financial condition, results of operations, and cash flows.
- If the technical textile yarn industry faces slowdown in growth, supply disruptions, regulatory changes, decline in demand, Commodity Price Volatility and Impact on Cost Structure, the company production costs, operating margin and overall financial condition may be materially and adversely affected.
- Dependence on exports, particularly to China and other foreign countries, exposes it to international market risks, regulatory changes, and trade-related uncertainties that could adversely affect its business and financial performance.
- The company's business is heavily dependent on the sale of para-aramid based spun yarn and 100% polypropylene spun yarn. Any reduction in the sale of these yarns, or any inability on the company part to produce and sell such yarns, or any adverse movement in the price at which the company is able to sell these yarns, may has an adverse effect on its business, results of operations, cash flows and financial condition.