Ashutosh Fibre Ltd IPO
Textiles
Price Band
₹87 – ₹92
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹220800
Issue Size
₹56.35Cr
Opens
2026-08-31
Closes
2026-09-02
Listing
07-09-2026
Subscription Status
Qualified Institutional Buyers
143.93 x
Non-Institutional Investor
148.76 x
Retail Individual Investor
97.64 x
Total
123.7 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE19FR01012
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Ashutosh Fibre is a manufacturer of technical and synthetic yarns and fabrics for industrial and specialised applications. The company operates across four categories of technical textiles: Indutech, Protech, Hometech, and Mobiltech. Its products are used in applications including filtration, construction, automotive, packaging, protective equipment, and home furnishing. The company supplies its products directly to industrial manufacturers, processors, and institutional buyers under a business-to-business (B2B) model. It also undertakes yarn trading and job work services, with manufacturing being its principal activity.
Pros
- • The company claims to have developed capabilities in recycling and re-engineering para-aramid fabrics through its proprietary “Fabric-to-Fibre” recycling process, which uses para-aramid fabric waste as an input. Para-aramid fabric waste stood at Rs 14.09 crore, Rs 14.30 crore, and Rs 25.09 crore, representing 21.46%, 19.60%, and 34.72% of total raw material purchases of Rs 65.68 crore, Rs 72.95 crore, and Rs 72.28 crore in FY26, FY25, and FY24, respectively. The company has also installed a dedicated regenerating machine for high-strength fibres to support this recycling process.
- • The company also has an established manufacturing setup with five processing lines and three yarn manufacturing technologies: ring spun, DREF (friction spun), and open-end spinning. This gives it the flexibility to manufacture different types of technical and synthetic yarns for industrial and specialised applications.
- • The company claims to have established a presence in the polypropylene (PP) spun yarn segment in India, supported by its production capabilities and customer relationships. Sales of polypropylene yarns accounted for approximately 22.95%, 22.64%, and 21.27% of revenue from operations in FY26, FY25, and FY24, respectively.
Cons
- • The company does not have long-term agreements for the supply of its key raw materials and sources a significant portion of its requirements from a limited number of suppliers. Purchases from the top five suppliers stood at Rs 29.33 crore (44.66%), Rs 38.14 crore (52.26%), and Rs 41.63 crore (57.60%) in FY26, FY25, and FY24, respectively. If the company is unable to procure raw materials of the required quality and quantity at competitive prices, or if there is any disruption in supplies from key suppliers, it could adversely affect the company's business and finances.
- • The company derives a significant portion of its revenue from a limited number of key customers. Revenue from the top five customers stood at Rs 60.83 crore (51.83%), Rs 58.82 crore (51.57%) and Rs 63.62 crore (57.91%) in FY26, FY25, and FY24, respectively. The loss of any of these customers, a reduction or cancellation of their orders, or the failure to renew orders on comparable terms could adversely affect the company's business, results of operations, financial condition, and cash flows.
- • The company is subject to export obligations under the Advance Authorisation Scheme and Export Promotion Capital Goods (EPCG) Scheme. Inability to fulfil these obligations within the prescribed timelines, adverse changes in foreign trade policy, or unfavourable external factors could hurt the company's business, financial condition, and cash flows.
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