Ashutosh Fibre IPO

Incorporated in 1985, Ashutosh Fibre Limited manufactures and trades in technical textile products, with a primary focus on polypropylene spun yarns for industrial and household applications. Its product portfolio includes para-aramid, high-tenacity polyester, meta-aramid, FR viscose, polypropylene, modacrylic and poly-poly corespun yarns. The company serves Indutech, Protech, Hometech and Mobiltech applications, supplying products for filtration, geotextiles, protective equipment, home furnishings, automotive friction materials and industrial uses. Its manufacturing facility has five processing lines and three yarn manufacturing technologies. The company has also commissioned a 380 KW rooftop solar power system for captive consumption at its Petlad facility and had approximately 169 permanent employees as of June 30, 2026.

Ashutosh Fibre Limited IPO Overview

Ashutosh Fibre Limited is launching a bookbuilding IPO comprising 61,24,800 fresh equity shares with a face value of ₹10 each. The price band is fixed at ₹87 to ₹92 per share, with the issue opening on 31 August 2026 and closing on 2 September 2026. The IPO is proposed to list on the NSE SME platform, with the tentative listing date fixed for 7 September 2026. The allotment is expected to be finalised on 3 September, while refunds and credit of shares to demat accounts are scheduled for 4 September 2026. The minimum application for individual investors is two lots, comprising 2,400 shares, requiring ₹2,20,800 at the upper price band. Mefcom Capital Markets Limited is the book running lead manager, Kfin Technologies Limited is the registrar and Asnani Stock Broker Private Limited is the market maker. The IPO is entirely a fresh issue, with no offer-for-sale component.

Ashutosh Fibre Limited IPO Details

Particulars	Details
IPO Date	31 August 2026 to 2 September 2026
Listing Date	7 September 2026
Face Value	₹10 per share
Issue Price Band	₹87 to ₹92 per share
Lot Size	1,200 shares
Total Issue Size	61,24,800 shares (aggregating up to ₹56.35 Cr)
Fresh Issue	61,24,800 shares (aggregating up to ₹56.35 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share Holding Pre Issue	1,57,50,000 shares
Share Holding Post Issue	2,18,74,800 shares
Market Maker Portion	3,07,200 shares
Lead Manager	Mefcom Capital Markets Limited
Registrar	Kfin Technologies Limited
Market Maker	Asnani Stock Broker Private Limited

Ashutosh Fibre Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

Ashutosh Fibre Limited 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

Ashutosh Fibre Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	59.79%
Post-Issue	43.05%

Ashutosh Fibre Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹7.33 Post-IPO
Price/Earnings (P/E) Ratio	12.55x Post-IPO
Return on Net Worth (RoNW)	30.91%
Net Asset Value (NAV)	₹32.95
Return on Equity	30.91%
Return on Capital Employed (ROCE)	26.29%
EBITDA Margin	26.47%
PAT Margin	13.67%
Debt to Equity Ratio	0.92

Objectives of the Proceeds

1. Capital expenditure:
Funds of ₹25.51 crore will finance new equipment and machinery to strengthen manufacturing capacity and operational capabilities.

2. Repayment of borrowings:
₹20 crore will be used for full or partial repayment or pre-payment of certain outstanding borrowings.

3. General corporate purposes:
Remaining proceeds will support general corporate requirements, subject to applicable regulations and issue-related approvals.

Key Financials (in ₹ crore)

Particulars	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	25.80	104.60	73.01
Revenue / Total Income	117.43	114.97	109.89
Profit After Tax	16.04	8.51	7.05
Reserves and Surplus	36.15	34.10	25.80
Total Borrowings	47.92	57.44	34.86

IPO Strengths of Ashutosh Fibre Limited

1. Experienced management with extensive knowledge of technical textile manufacturing and markets.

2. Diversified product portfolio serving multiple technical textile industry segments.

3. Established presence across Indutech, Protech, Hometech and Mobiltech applications.

4. Multiple yarn manufacturing technologies support varied product specifications and requirements.

5. Long-standing customer relationships across diverse industrial and institutional segments.

6. Export presence provides access to international markets and customers.

7. 380 KW rooftop solar system supports captive energy consumption.

8. Proposed capital expenditure can expand manufacturing capacity and capabilities.

9. Specialised yarn portfolio caters to automotive and protective applications.

10. Strong financial performance with substantial growth in FY2026 profitability.

Peer Group Comparison

Company Name	EPS (₹)	NAV (₹)	P/E (x)	RoNW (%)	P/BV (x)
Ashutosh Fibre Limited	10.19	32.95	—	23.73	—
Peer Group
RSWM Reliance	11.04	291.21	18.55	-3.16	0.70
Reliance Chemotex Industries Limited	6.97	189.23	16.09	2.95	0.59
Garware Technical Fibres Limited	21.28	133.71	37.72	17.54	6.03
Cedaar Textile Limited	-56.16	34.90	—	18.33	0.38