Ashutosh Fibre IPO
LISTEDSMEListing Performance
▲ 52.17%
Issue Price
₹92
Listing Price
₹140
Listed On
07 Sep 2026
- Price Band
- ₹87 – ₹92
- Lot Size
- 1,200
- Lot Value
- ₹1,10,400
- Open Date
- 31 Aug31 Aug 2026
- Close Date
- 02 Sep02 Sep 2026
- Min Investment
- ₹1,10,400
Ashutosh Fibre — Stock Performance
About Ashutosh Fibre
Manufactures technical textile yarns including para-aramid based spun yarn, polypropylene spun yarn, and specialty yarns (Indutech, Protech, Mobiltech, Hometech) for industrial applications.
Use of IPO Proceeds
Promoters
Siddharth Prakash Patel
Managing Director and Chairman · age 46
Pre-issue: 8.07%
Abhishek Rajendrakumar Agarwal
Pre-issue: 14.86%
Investment Analysis
Quick Analysis: 6 strengths · 6 risk factors· Exchange: NSE SME
Strengths (6)
- •Diverse portfolio of specialized technical yarns for industrial, protective and home applications
- •Advanced spinning technologies and proprietary fiber recycling processes ensuring innovation and sustainability
- •Strong quality control with international certifications including ISO and OEKO-TEX standards
- •Long-standing customer relationships across filtration, automotive, defence and protective textile industries
- •Experienced management team with proven expertise in handling high-performance fibers
- •Positioned to capture growth in rapidly expanding technical textiles sector
Risk Factors (6)
- •First public issue with no formal market history; issue price multiples uncertain and may not reflect post-listing market price
- •Equity investments involve significant risk; no assurance of active trading or sustained price after listing on NSE Emerge
- •Company converted from private to public only recently; limited experience as publicly traded entity with disclosure requirements
- •Differences between Indian GAAP and IFRS; financial statements not reconciled to international accounting standards
- •Concentrated promoter shareholding; potential for dilution and governance risks post-IPO
- •NSE Emerge platform listing carries liquidity and investor base risks compared to main board exchange listings
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 124.38x (QIB 143.93x, NII 148.86x, Retail 99.04x) at close
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,10,400 |
| Retail (max) | 1 | 1,200 | ₹1,10,400 |
| S-HNI (min) | 2 | 2,400 | ₹2,20,800 |
| S-HNI (max) | 9 | 10,800 | ₹9,93,600 |
| B-HNI (min) | 10 | 12,000 | ₹11,04,000 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | — | — | 143.93x |
| sNII (S-HNI) | — | — | — |
| bNII (B-HNI) | — | — | — |
| Retail | 2.12x | 8.24x | 99.04x |
| Total | 1.35x | 4.79x | 124.38x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
99.04x
Allotment Ratio
1 lot per 100 applicants
Allotment Probability
~1.0%
Non-Institutional Investors (NII / HNI)
Subscription
148.86x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
143.93x
Allotment Type
Discretionary allotment
Total Subscription
124.38x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
31 Aug 2026 · Mon
Issue Closes
02 Sep 2026 · Wed
Bidding Cut-off (UPI Mandate)
02 Sep 2026 · 5:00 PM IST
Allotment
03 Sep 2026 · Thu
Listing
07 Sep 2026 · Mon
Issue Opens
31 Aug 2026 · Mon
Issue Closes
02 Sep 2026 · Wed
Bidding Cut-off (UPI Mandate)
02 Sep 2026 · 5:00 PM IST
Allotment
03 Sep 2026 · Thu
Listing
07 Sep 2026 · Mon
IPO Details
| Registrar | KFin Technologies Limited |
| Exchange | NSE SME |
| ISIN | — |
| Face Value | ₹10 |
| Issue Size | ₹56.35 Cr |
| Fresh Issue | — |
| OFS Size | ₹0.00 Cr |
| Lead Managers | Mefcom Capital Markets Limited |
3-Year Financial Summary
Revenue trend
↑ FY23→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 114.03 | 8.51 | 5.40 | — | 23.73% |
| FY24 | 109.87 | 7.05 | — | — | — |
| FY23 | 97.93 | 3.3 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Income | 97.97 | 109.89 | 114.97 |
| EBITDA | 10.5 | 16.14 | 17.84 |
| Net Worth | 20.71 | 27.55 | 35.85 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
17.0x
Price ÷ EPS
EPS (FY25)
₹5
Earnings per share
RoNW
23.73%
Return on net worth
ROCE
16.27%
as reported in filing
EBITDA margin
15.6%
EBITDA ÷ revenue
Price/NAV
4.04x
Price ÷ NAV (as reported)
Check the valuation yourself
Company Fundamentals
10 sections extracted from this filingCapital Structure
| Authorised Capital | ₹25.00 Cr |
| Issued Capital | — |
| Paid-up Capital | ₹15.75 Cr |
| Equity Shares (Pre-Issue) | 1,75,00,000 |
| Equity Shares (Post-Issue) | 15,75,00,000 |
| Preference Shares | 0 |
Source: Ashutosh Fibre offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Ashutosh Fibre's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Ashutosh Fibre's filing.
Source: Ashutosh Fibre offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB50.00%
- NII / HNI15.00%
- Retail35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: Ashutosh Fibre offer document (DRHP/RHP).
Board & Management
Board of Directors (5)
- Siddharth Prakash Patel₹0.18 Cr p.a.
Managing Director and Chairman
Bachelor of Commerce from Gujarat University and Master of Business Administration from University of South Carolina
Over 18 years of experience in the textile industry, handling yarn manufacturing operations, leading process improvements, quality control and overall management of business
- Abhishek Rajendrakumar Agarwal₹0.60 Cr p.a.
Whole-Time Director
Bachelor of Commerce from Gujarat University and Post-Graduate Diploma in Business Entrepreneurship and Management from Entrepreneurship Development Institute of India, Ahmedabad
Over 15 years of experience in the textile industry, handling yarn manufacturing operations, quality control, process improvements and overall management of the business
- Piyush Ravishanker Bhatt
Independent Director
Qualified Company Secretary from the Institute of Company Secretaries of India and Master of Commerce from Gujarat University
Over 38 years of experience in banking industry
- Dhwani Lalitbhai Nagar
Independent Director
Qualified Company Secretary from The Institute of Company Secretaries of India and holds Bachelor of Laws from Gujarat University and Bachelor of Commerce from Gujarat University
Over 2 years of experience as a Company Secretary
- Jayshree Vikram Patel
Independent Director
Bachelor of Laws (Special) from Saurashtra University, Bachelor of Laws (General) from Saurashtra University and Bachelor of Arts from Bhavnagar University
Over 9 years of experience as an Advocate, handling both criminal and civil matters
Key Managerial Personnel (2)
- Alpesh Rameshchandra Bhavsar
Chief Financial Officer
Bachelor of Commerce from Gujarat University
More than 35 years of experience in the field of finance and accounting
- Sonal Bankim Bhansali
Company Secretary and Compliance Officer
Company Secretary from Institute of Company Secretaries of India and Bachelor of Commerce from Gujarat University
More than 20 years of experience in the field of secretarial compliance as a Company Secretary
Source: Ashutosh Fibre offer document (DRHP/RHP).
Industry & Market
Per Industry Report on Indian Technical Textile Yarns, Dun & Bradstreet, a report commissioned by the company (not independent).
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| RSWM Limited | — | — | — | — |
| Reliance Chemotex Industries Limited | — | — | — | — |
| Garware Technical Fibres Limited | 36.37 | — | — | — |
| Cedaar Textile Limited | 7.07 | — | — | — |
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:KFin Technologies Limited→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Ashutosh Fibre IPO opening?
The Ashutosh Fibre IPO opens on 31 Aug 2026 and closes on 02 Sep 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Ashutosh Fibre IPO?
The price band for the Ashutosh Fibre IPO is ₹87 to ₹92. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Ashutosh Fibre IPO?
The minimum lot size is 1200 shares with a minimum investment of ₹1,10,400. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Ashutosh Fibre IPO today?
The latest Grey Market Premium for Ashutosh Fibre is ₹33 (+35.87%). GMP is unofficial data and is not a guarantee of listing price.
When will the Ashutosh Fibre IPO list on NSE and BSE?
The Ashutosh Fibre IPO is expected to list on 07 Sep 2026 on NSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the Ashutosh Fibre IPO allotment status?
The registrar for this IPO is KFin Technologies Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Ashutosh Fibre IPO a mainboard or SME issue?
Ashutosh Fibre is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the Ashutosh Fibre IPO?
You can apply for the Ashutosh Fibre IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of Ashutosh Fibre IPO?
The GMP-implied price (unofficial, not a forecast) is ₹125: the upper price band of ₹92 plus the latest grey market premium of ₹33, as of 28 Sep 2026, 01:01 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
What is the allotment ratio for Ashutosh Fibre IPO?
Based on the retail subscription of 99.04x, the estimated allotment ratio is 1 lot per 100 applicants (approximately 1.0% chance of allotment). This is an estimate and actual allotment may vary.
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