Aastha Spintex IPO

Aastha Spintex spins cotton into yarn and gins raw cotton into bales at a single integrated plant at Halvad in Gujarat. It makes 100% cotton yarn in counts from Ne 26 to Ne 40 — carded, combed and compact combed — which buyers knit or weave into denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles and industrial fabrics. The ginning line feeds bales to the company's own spinning mill and sells the surplus to other spinning units. Cotton seed from ginning, and comber, licker-in and hard waste from spinning, are sold on to oil extraction, animal feed, open-end yarn and non-woven fabric makers. Aastha sells only business-to-business — to textile manufacturers, yarn exporters, bulk purchasers and fabric processors — and had 205 employees at 31 December 2025.

Revenue is tonnage of yarn and bales sold at cotton-linked prices, so earnings are the spread between cotton bought and yarn sold rather than a price the company sets. Cost of material consumed was Rs 30,199.76 lakh against revenue from operations of Rs 35,116.02 lakh in FY25, leaving a thin gap between input and output. Capacity caps volume: 25,920 spindles across 15 compact ring spinning machines, 7,700 MT of yarn and 12,000 MT of ginning a year. Distribution is the other constraint — one exclusive reseller, 7 Seas Impex, carried 33.88% of domestic product sales in FY25, down from 66.61% in FY23. Borrowings stood at Rs 10,147.40 lakh at 31 December 2025.