Overview
Updated 12 days agoAshutosh Fibre Limited is an Ahmedabad-based manufacturer of technical textile yarns, including para-aramid, polypropylene, and flame-retardant viscose blends. The company operates a manufacturing facility in Petlad, Gujarat, and serves various industrial sectors such as filtration, automotive, and protective clothing.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,10,400 |
| bNII (min) | 10 | 12,000 | ₹11,04,000 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | NSE |
| Segment | SME |
| Sector | Textile |
| Price band | ₹87–92 |
| Final issue price | ₹92.00 |
| Face value | ₹10 per share |
| Lot size | 1,200 shares |
| Minimum investment | ₹1,10,400 |
| Issue size | ₹56.00 Cr |
| P/E at upper band | 17.0x |
| Registrar | KFin Technologies Limited |
| Lead managers | Mefcom Capital Markets Limited |
| NSE symbol | ASHUTOSH |
| ISIN | INE19FR01012 |
Shareholder quota and promoter holding
Company & business
Ashutosh Fibre Limited, formerly known as Ashutosh Fibre Private Limited, was incorporated in 1985. The company specializes in the production of high-performance technical yarns, including para-aramid, meta-aramid, modacrylic, and polypropylene yarns, which are used in industrial applications like filtration, protective clothing, and automotive components. The company operates a manufacturing facility in Petlad, Gujarat, and utilizes various spinning technologies such as Ring Spun, DREF (Friction Spun), and Open-End spinning. The company's business model is a combination of manufacturing, trading of yarn, and job work services. The company is managed by its promoters, Siddharth Prakash Patel and Abhishek Rajendrakumar Agarwal.
Objects of the issue — how the money will be used
- Funding capital expenditure requirements towards funding of new equipment and machinery (₹24.96 Cr)
- Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company (₹25 Cr)
- General Corporate Purpose
Key strengths
- 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
Key risks
- No long-term agreements for supply of raw materials
- Significant revenue dependence on a limited number of key customers
- Subject to export obligations under duty exemption schemes
- Heavily dependent on the sale of para-aramid based spun yarn and 100% polypropylene spun yarn
- Operates in a single business segment (spinning of technical textile yarn)
- High debt-equity ratio and dependence on working capital financing
- Operations concentrated in a single manufacturing facility in Petlad, Gujarat
- Excessive dependence on a few lenders
Promoters
Siddharth Prakash Patel, Abhishek Rajendrakumar Agarwal, Prahash Fin-stock Private Limited
Decoded from the DRHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY23 | 97.93 | -- | 3.30 | 60.39 | 20.71 | 30.45 |
| FY24 | 109.87 | -- | 7.05 | 73.01 | 27.55 | 34.86 |
| FY25 | 114.03 | -- | 8.51 | 104.60 | 35.85 | 57.44 |
Key performance indicators · FY25
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Ashutosh Fibre this issue | 114.0 | 5.40 | 17.0x | 23.73 | 22.76 |
| RSWM Limited | 4,825.3 | -8.76 | -- | -3.16 | 277.66 |
| Reliance Chemotex Industries Limited | 358.6 | 5.36 | 29.8 | 2.95 | 181.99 |
| Garware Technical Fibres Limited | 1,488.7 | 21.56 | 36.4 | 17.54 | 122.92 |
| Cedaar Textile Limited | 207.9 | 14.13 | 7.1 | 18.33 | 47.32 |
This issue is priced at 17.0x P/E against a peer median of 29.8x: a discount of 43%. A measurement, not a verdict.
Other Textile IPOs
Same sector, listed just before and after this one, with their listing-day change.
Paramount SyntexPARASYNTEX · BSE · SME · Textile−14.0%9 Oct
TNA SolutionsTNA · BSE · SME · Textile−16.0%9 Oct
Dudani RetailDUDANI · BSE · SME · Textile−13.8%5 Oct
Unitec FibresUNITEC · BSE · SME · Textile+3.0%30 Sep
Vivekanand CotspinVIVEKANAND · BSE · SME · Textile+7.8%28 Sep
Sonaselection IndiaSONA · BSE, NSE · Mainboard · Textile+8.5%24 Sep Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.