Aastha Spintex SME IPO Review | APPLY or AVOID?
Aastha Spintex Ltd. started in 2013. It operates in the Textiles – Fabrics industry and provides carded, combed and compact combed cotton yarns and cotton bales to its customers across the textile ecosystem. This business is based in Halvad, Morbi, Gujarat. This IPO review covers the main facts of the offer. It helps you decide if the issue fits your portfolio. Updated review will be available soon.
✅ Strengths
⚠️ Challenges
Financial Update
The company released its restated financial statements for the year ending March 31, 2025. Total revenue was ₹352.17 crore increased from ₹305.67 in previous year. The net profit for the same period was ₹22.92 crore increased from ₹16.29 in previous year. Assets increased by 13.97% compared to the previous year. The earnings curves look healthy across the past few reporting seasons. Profit numbers have improved because of strong operational focus. Bidders can watch the balance sheet trends before making investment calls. Updated review will be available soon.
IPO Valuation
The upper price band is ₹TBA. This price leads to a Price-to-Earnings (P/E) ratio of –. The average P/E for the industry is –. The standalone basic EPS stands at ₹8.29 per share. Net worth base touches 121.05 crore limits. Review teams will provide full target updates after the company defines the exact band parameters. Updated review will be available soon.
IPO Objective
Company will use Offer proceeds to meet stated objectives:
- 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
Promoters & Lead Manager
- Experienced promotersmanage the textile infrastructure
- BOI Merchant Bankers Limited handles the main book running work
Peer Comparison
Below is the comparison of the company with its listed peers using data from March 31, 2025.
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Aastha Spintex Ltd | 8.29 | 8.29 | 43.8 | 18.93 | ||
| Ambika Cotton Mills Limited | 114.83 | 114.83 | 1,579.14 | 14.25 | 7.27 | 1.04 |
| Lagnam Spintex Limited | 7.28 | 7.28 | 68.41 | 11.15 | 10.64 | 1.19 |
| Pashupati Cotspin Limited | 0.82 | 0.82 | 9.78 | 106.54 | 8.35 | 9.67 |
Financial data sourced from annual reports and stock exchange data, using restated financial statements for 2024-25. NAV per share (closing net worth divided by weighted average number of paid-up equity shares) and RoNW (net profit after tax divided by closing net worth).
IPO Review & Analyst Rating
Updated review will be available soon.
| Analyst Name | Recommendation |
|---|---|
| – | – |
| – | – |
| – | – |
Disclaimer: The information on the site is informational only. The contents of this blog are not financial advice. You should not invest in any stock market instrument without consulting your Financial advisor.
No comments yet. Be the first to share your thoughts!