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Established in 2013, Aastha Spintex Ltd. is a Gujarat-based textile manufacturer specializing in the production and trading of premium cotton bales, yarn waste, and various cotton yarns, including carded, combed, and compact combed variants. The company operates a semi-automated, fully integrated spinning and ginning facility in Halvad, Morbi. This strategically located infrastructure supports an efficient production cycle, allowing the company to process raw cotton into compressed bales for both internal consumption and external supply to peer spinning units.

Leveraging its integrated ecosystem, Aastha Spintex delivers high-quality cotton yarns tailored for diverse knitting and weaving applications. The company’s comprehensive product portfolio serves a broad spectrum of downstream textile segments, supplying essential materials for consumer apparel, home textiles, and industrial fabrics. Key end-use products include denim, shirting, terry towels, sheeting, and knitwear, positioning the company as a versatile and well-entrenched player within the domestic textile supply chain.

For the year/period ended (Rs. in Cr.)

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*Market cap @upper band

• Fully integrated cotton spinning infrastructure with modern technologies to support our product portfolio
• Long standing relationship with key customers.
• Strategically located manufacturing facility with adequate storage facilities and scope for future expansion
• Strong Renewable Energy Infrastructure Enabling Sustainable and Cost-Efficient Manufacturing
• Delivering Strong financials and operating metrics
• Strong Promoters and Experienced Management Team

The Company AASTHA SPINTEX LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited (Rs. 1115.10 Cr.)
• Inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited (Rs. 100 Cr.)
• General Corporate Purposes.

At the upper band of IPO Rs. 136, the stock is valued at 24.65 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.