Ashutosh Fibre IPO

The Ashutosh Fibre SME IPO runs from 31 Aug 2026 to 2 Sept 2026, offered at a price band of ₹87–92 per share, and is set to list on NSE. The company is looking to raise ₹53.52 crore through the offer. Retail investors bid in lots of 1200 shares, a minimum application of ₹2,20,800.

Issue structure

The IPO is structured entirely as a fresh issue of ₹53.52 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding capital expenditure requirements towards funding of new equipment and machinery (₹25.51 crore), alongside repayment/pre-payment, in full or in part, of certain borrowings availed by company (₹20 crore). In all, 3 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Ashutosh Fibre reported revenue of ₹117.43 crore and a net profit of ₹16.04 crore. Revenue grew from ₹109.89 crore in FY2024 to ₹117.43 crore in FY2026 (+7.0%). Net worth stood at ₹51.9 crore at the end of FY2026. At the upper band, that puts the issue at roughly 9.0× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 12.55× post-issue earnings and 2.79× book value, against a return on net worth of 30.91% and a debt-to-equity ratio of 0.92. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Garware Technical Fibres Ltd and RSWM Reliance, with a median peer P/E of about 18.6×. The issue's own post-issue P/E works out to 12.55×.

Promoters

The promoters of the company are <p>Siddharth Prakash Patel, Abhishek Rajendrakumar Agarwal, Prabhas Fin-Stock Pvt.Ltd.</p>. Promoter holding stands at 59.79% before the issue and comes down to 43.05% after listing.

Grey market premium (GMP)

In the unofficial grey market, Ashutosh Fibre shares are quoted at a premium of ₹0 implying an expected listing around ₹92, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

What to weigh

When evaluating the Ashutosh Fibre IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Ashutosh Fibre

Incorporated in 1985, Ashutosh Fibre Limited is engaged in the manufacturing and trading of technical textile products, primarily focusing on polypropylene (PP) spun yarns used across industrial and household applications. The company operates under a business-to-business (B2B) model, supplying yarns and fabrics to industrial manufacturers, processors, and institutional buyers. Ashutosh Fibre operates across four major categories of technical textiles &mdash; Indutech, Protech, Hometech, and Mobiltech. In the Indutech segment, the company produces polypropylene spun yarns used in filtration, geotextiles, ropes, webbings, and process industry textiles. In the Protech segment, it manufactures yarns and fabrics with strength, flame retardancy, and heat resistance properties for use in personal protective equipment, safety apparel, and industrial thermal barriers. The Hometech segment caters to home furnishing textiles, carpets, and home filtration media. In the Mobiltech segment, it produces friction-resistant yarns used in automotive friction materials such as brake pads, clutch facings, and transmission components. The company&rsquo;s products serve as raw material inputs across multiple industries including filtration and pollution control, construction and infrastructure, automotive, packaging, safety and protective equipment, and home furnishing. Its manufacturing facility is equipped with five processing lines and three yarn manufacturing technologies &mdash; Ring Spun, DREF (Friction Spun), and Open-End Spinning &mdash; capable of producing yarns in counts ranging from 2 Ne to 50 Ne, in single or multiple plies. Ashutosh Fibre has also commissioned a 380 KW rooftop solar power system at its Petlad manufacturing unit for captive consumption, supporting cost efficiency and sustainability initiatives. As of August 31, 2025, the company employs approximately 156 permanent employees, including skilled, semi-skilled, and unskilled personnel across its operations.