Ashutosh Fibre IPO: Price Band, Lot Size, Financials & Review
Ashutosh Fibre IPO listed on NSE on Mon, 7 Sep 2026. The issue was subscribed 133.82x overall.
- Open Date
- 31 Aug 2026
- Close Date
- 2 Sep 2026
Last updated
- Price band
- ₹87 – ₹92
- Lot size
- 1,200 shares
- Min. investment
- ₹2,20,800
- Issue size
- ₹56.35 Cr
- Last GMP
- +₹56
- Subscribed
- 🔥 133.82x
Ashutosh Fibre IPO details
Ashutosh Fibre IPO is a ₹56.35 Cr book-building IPO on the SME segment, listing on NSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Mon, 31 Aug 2026 to Wed, 2 Sep 2026. Allotment was finalised on Thu, 3 Sep 2026, and the shares listed on NSE on Mon, 7 Sep 2026.
The price band is ₹87 to ₹92 per share and the lot size is 1200 shares, so the minimum retail application is ₹2,20,800. Retail investors can apply for up to 2 lots (2,400 shares, ₹2,20,800).
KFin Technologies Limited is the registrar, and Mefcom Capital Markets Limited is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Ashutosh Fibre IPO GMP before listing was +₹56 (+60.87% against the upper price band of ₹92), implying an estimated listing price of ₹148. Across 10 days of tracking, GMP ranged from +₹10 (01 Sep) to +₹56 (06 Sep).
| Last GMP | +₹56 |
|---|---|
| GMP vs upper band | +60.87% |
| Estimated listing price | ₹148 |
| Highest (06 Sep) | +₹56 |
| Lowest (01 Sep) | +₹10 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Ashutosh Fibre IPO day-wise GMP.
Subscription
Day-wise subscription →Ashutosh Fibre IPO was subscribed 133.82x overall: QIB 143.93x, NII 201.21x and retail 99.16x.
| Category | Subscribed |
|---|---|
| QIB | 143.93x |
| NII | 201.21x |
| └ bNII (above ₹10 lakh) | 241.22x |
| └ sNII (₹2–10 lakh) | 121.34x |
| Retail | 99.16x |
| Total | 133.82x |
Final figures at the close of bidding on 2 Sep 2026. Category-wise bids, application-wise breakup and allotment chances are on the Ashutosh Fibre IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 17,43,600 | 29.97% |
| Qualified Institutions | 11,62,800 | 19.99% |
| Non-Institutional | 8,73,600 | 15.02% |
| └ BNII | 5,82,000 | 10.00% |
| └ SNII | 2,91,600 | 5.01% |
| Retail Investors | 20,37,600 | 35.02% |
| Total | 58,17,600 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
Ashutosh Fibre IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,20,800 |
| Retail (Max) | 2 | 2,400 | ₹2,20,800 |
| S-HNI (Min) | 3 | 3,600 | ₹3,31,200 |
| S-HNI (Max) | 9 | 10,800 | ₹9,93,600 |
| B-HNI (Min) | 10 | 12,000 | ₹11,04,000 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹92, the issue is priced at 9.03x pre-issue earnings and 12.55x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 18.55x (3 companies).
Promoter holding falls from 59.79% before the issue to 43.05% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹10.19 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 9.03x |
| EPS (post-issue) EPS on the enlarged share capital | ₹7.33 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 12.55x |
| Promoter holding (pre-issue) | 59.79% |
| Promoter holding (post-issue) | 43.05% |
Ashutosh Fibre Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹114.97 Cr to ₹117.43 Cr, and profit after tax rose from ₹8.51 Cr to ₹16.04 Cr. The PAT margin for 31 Mar 2026 was 13.66%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 25.80 | 104.60 | 73.01 |
| Total Income | 117.43 | 114.97 | 109.89 |
| Profit After Tax | 16.04 | 8.51 | 7.05 |
| EBITDA | 31.07 | 17.84 | 16.14 |
| Net Worth | 51.90 | 35.85 | 27.55 |
| Reserve & Surplus | 36.15 | 34.10 | 25.80 |
| Total Borrowings | 47.92 | 57.44 | 34.86 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROCE % | 26.29 | 16.27 | 21.00 |
| Debt / Equity | 0.92 | 1.60 | 1.27 |
| RoNW % | 30.91 | 23.73 | 25.58 |
| Pat Margin % | 13.67 | 7.46 | 6.42 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Ashutosh Fibre Ltd | 10 | — | 10.19 | 10.19 | 30.91% | 32.95 |
| RSWM Limited | 10 | 18.55 | 11.04 | 11.04 | 3.79% | 291.21 |
| Reliance Chemotex Industries Ltd | 10 | 16.09 | 6.97 | 6.97 | 3.69% | 189.23 |
| Garware Technical Fibres Ltd | 10 | 37.72 | 21.28 | 21.28 | 15.92% | 133.71 |
| Cedaar Textile Ltd | 10 | — | -56.16 | -56.16 | -147.39% | 34.90 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Funding capital expenditure requirements towards funding of new equipment and machinery |
| 2 | Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company |
| 3 | General Corporate Purposes |
About Ashutosh Fibre Limited
Incorporated in 1985, Ashutosh Fibre Limited is engaged in the manufacturing and trading of technical textile products, with a primary focus on polypropylene (PP) spun yarns. The company operates predominantly under a business-to-business (B2B) model, supplying specialized yarns and fabrics to industrial manufacturers, textile processors, and institutional customers.
The company caters to a diversified range of end-use industries, including filtration and pollution control, construction and infrastructure, automotive, packaging, personal protective equipment, industrial safety, and home furnishings.
Product Portfolio
Ashutosh Fibre offers a range of specialized yarn products, including:
Para-Aramid Based Spun Yarn
High-Tenacity Polyester Yarn
Meta-Aramid and FR Viscose Yarn
100% Polypropylene Yarn
Modacrylic-Based Yarn
Poly-Poly Corespun Yarn
These products are designed to provide specific performance characteristics such as high tensile strength, flame resistance, heat resistance, durability, friction resistance, and filtration performance, depending on the intended application.
Technical Textile Segments
The company operates across four major technical textile segments:
1. Indutech – Industrial Textiles
In the Indutech segment, the company manufactures polypropylene spun yarns and related products used in filtration media, geotextiles, ropes, webbings, and process-industry textiles. These products are primarily used where durability, chemical resistance, strength, and filtration properties are required.
2. Protech – Protective Textiles
The Protech segment focuses on yarns and fabrics offering strength, flame retardancy, and heat resistance. These materials are used in personal protective equipment (PPE), industrial safety apparel, protective clothing, and thermal barriers, serving applications where worker protection and resistance to harsh operating conditions are critical.
3. Hometech – Home and Household Textiles
The Hometech segment caters to the home furnishing and household textile industry. Products are used in applications such as carpets, furnishing textiles, and home filtration media, providing functional and durable textile solutions for domestic and institutional use.
4. Mobiltech – Automotive Textiles
Under the Mobiltech segment, the company manufactures specialized, friction-resistant yarns used in automotive friction materials. These include applications such as brake pads, clutch facings, and transmission components, where resistance to friction, wear, and elevated temperatures is important.
Manufacturing Capabilities
Ashutosh Fibre's manufacturing facility is equipped with five processing lines and utilizes three principal yarn manufacturing technologies:
Ring Spinning
DREF (Friction Spinning)
Open-End Spinning
The company's manufacturing capabilities allow it to produce yarn in counts ranging from approximately 2 Ne to 50 Ne, in both single and multiple plies. This enables the company to manufacture customized yarn specifications to meet the technical and performance requirements of different industrial applications.
Industry Applications
The company's products serve as important raw material inputs for several industries, including:
Filtration and pollution-control systems
Construction and infrastructure
Automotive and friction-material manufacturing
Packaging
Industrial safety and protective equipment
Home furnishings and carpets
Geotextiles and industrial textiles
Ropes, webbings, and related applications
The diversified application base provides the company with exposure to multiple end-user industries rather than dependence on a single sector.
Renewable Energy Initiative
As part of its focus on energy efficiency and sustainability, Ashutosh Fibre has commissioned a 380 KW rooftop solar power system at its manufacturing facility in Petlad. The solar installation is intended for captive consumption, helping the company reduce its dependence on conventional grid power while supporting long-term energy-cost optimization and environmental sustainability.
Human Resources
As of June 30, 2026, the company had approximately 169 permanent employees. Its workforce comprises skilled, semi-skilled, and unskilled personnel engaged across manufacturing, processing, operations, quality control, maintenance, and other business functions.
Overall Business Position
Ashutosh Fibre Limited operates in the specialized technical textile and industrial yarn space, with a product portfolio spanning industrial, protective, household, and automotive applications. Its combination of multiple spinning technologies, a broad range of yarn specifications, and exposure to diverse end-use industries enables it to serve customers with varying technical requirements.
The company's focus on specialized yarns, technical textile applications, manufacturing flexibility, and captive renewable power generation forms the key foundation of its business operations.
Promoters
Siddharth Prakash Patel
Abhishek Rajendrakumar Agarwal
Prahash Fin-stock Private Limited
Contact details
Ashutosh Fibre Ltd.
111 New Cloth Market Raipur
Ahmedabad, Gujarat, 380002
Telephone No.: + 91 9727 559 799
Email: info@ashutoshfibre.com
Website:https://www.ashutoshfibre.com/
Ashutosh Fibre IPO FAQs
- What is the Ashutosh Fibre IPO price band?
- The Ashutosh Fibre IPO price band is ₹87 to ₹92 per share.
- What is the Ashutosh Fibre IPO lot size and minimum investment?
- The Ashutosh Fibre IPO lot size is 1200 shares. The minimum retail investment is ₹2,20,800 for one lot at the upper price band. Retail investors can apply for up to 2 lots (2,400 shares), costing ₹2,20,800.
- When was Ashutosh Fibre IPO open for subscription?
- Ashutosh Fibre IPO was open for subscription from Mon, 31 Aug 2026 to Wed, 2 Sep 2026.
- What is the Ashutosh Fibre IPO subscription status?
- Ashutosh Fibre IPO was subscribed 133.82x overall: QIB 143.93x, NII 201.21x and retail 99.16x. Day-wise and category-wise figures are on the subscription page.
- What was the Ashutosh Fibre IPO GMP before listing?
- The last Ashutosh Fibre IPO GMP before listing was +₹56 (+60.87% against the upper price band of ₹92), implying an estimated listing price of ₹148. Across 10 days of tracking, GMP ranged from +₹10 (01 Sep) to +₹56 (06 Sep). GMP is an unofficial grey market indicator and can change quickly.
- What is the Ashutosh Fibre IPO allotment date?
- The Ashutosh Fibre IPO basis of allotment was finalised on Thu, 3 Sep 2026. You can check your allotment status on the KFin Technologies Limited website.
- What is the Ashutosh Fibre IPO listing date?
- Ashutosh Fibre IPO listed on NSE on Mon, 7 Sep 2026.
- Is the Ashutosh Fibre IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Ashutosh Fibre IPO?
- The registrar for the Ashutosh Fibre IPO is KFin Technologies Limited, and the book running lead manager is Mefcom Capital Markets Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.