Aastha Spintex Ltd. Receives SEBI Approval for IPO
Aastha Spintex Ltd. has successfully obtained in-principle approval from Initial Public Offer (IPO) for its Draft Red Herring Prospectus (DRHP), paving the way for its Initial Public Offering (ipo).
consists solely of fresh issue of 1.25 crore equity shares worth ₹170.00 crores. with each share carrying a face value of ₹10.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited | 111.51 |
| 2 | Inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited | 10.00 |
| 3 | General Corporate Purpose | |
| Total | 121.51 |
The company officially filed its draft papers on September 30, 2025, marking another significant milestone in its journey towards raising funds through the IPO.
Financial Performance Highlights:
Aastha Spintex Ltd.’s total income grew by 15%, reached ₹352.17 crore in Mar 31, 2025, compared to ₹305.67 crore in Mar 31, 2024.
For the same period, profit after tax jumped 40% to ₹22.92 crore, compared to ₹16.29 crore.
For the latest period ended on Dec 31, 2025, its total income stood at ₹314.02 crore and PAT stood at ₹17.56 crore.
