The funds raised from this public issue will be allocated to partially finance the acquisition of Falcon Yarns Pvt Ltd, meet the working capital needs of the newly acquired company through inter-corporate deposits, and cover general corporate expenses.
“The forthcoming IPO will significantly bolster our growth strategy by facilitating the acquisition of Falcon Yarns Private Limited and upgrading our manufacturing capabilities,” stated Aastha Spintex’s Promoter Chairman and Managing Director Patel Divyang Jashvantbhai.
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Aastha Spintex produces and trades carded, combed, and compact combed cotton yarns, as well as cotton bales and related by-products from its integrated spinning and ginning facility located in Halvad, Morbi district, Gujarat.
For FY25, the company reported revenues of ₹351.16 crore with a profit after tax of ₹22.92 crore. For the first nine months ending December 2025, it achieved revenues of ₹313.29 crore and a profit after tax of ₹17.56 crore.
BOI Merchant Bankers and PNB Investment Services are the lead managers for this offering. The company’s shares will be listed on the BSE and NSE.
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