Aastha Spintex Limited has secured a cumulative order book worth approximately ₹76.78 Cr for the period from July 2026 to October 2026. This order pipeline, comprising 55 confirmed orders from over 10 active clients, represents approximately 21.8% of the Company’s FY2024-25 revenue. The orders, totaling approximately 26,45,858 KGS, provide strong near-term revenue visibility with the majority of deliveries concentrated in the July–September 2026 period.

Order Book Snapshot

The confirmed orders pertain to the Company's core product, Cotton Yarn (ring-spun and open-end varieties), manufactured at its facilities in Gujarat. The monthly breakdown of the order book is as follows:

Key Business Highlights

The order book is anchored by deep relationships with marquee clients, including 7 Seas Impex and Texpert India Private Limited, which have placed multiple repeat orders across all four months. This demonstrates sustained demand and strong client stickiness. Additionally, the Company onboarded Sharvay Agronics LLP as a new client in September 2026, reflecting growing market recognition.

The diversified client portfolio includes Elkins Tradelinks, Niva Export, Excelsior Corporation, ACME Yarns Private Limited, Rameshwar Udyog, JD Merchant, and Ankita Export. This strategy reduces concentration risk and provides multi-source revenue visibility.

Capacity Expansion and Integration

The ₹76.78 Cr order book directly reflects the successful integration of Falcon Textotube Private Limited. This acquisition expanded Aastha Spintex's installed spindle capacity from 7,700 MT to 17,457 MT, a 2.3x capacity increase. The enhanced manufacturing capability is enabling the Company to fulfill larger and more frequent orders from both existing and new clients.

This press release is issued pursuant to Regulation 30 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Aastha Spintex Limited reported a profit after tax (PAT) of ₹22.92 crore for the financial year ended March 31, 2025 (FY2025), up from ₹1.06 crore in FY2023. Revenue from operations grew 15.19% year-on-year to ₹351.16 crore in FY2025 from ₹304.86 crore in FY2024. The company's initial public offering (IPO), which opened on 29-Jun-2026 and closed on 01-Jul-2026, was subscribed 1.48 times overall. Listing is expected on 06-Jul-2026.

IPO Subscription Status

The IPO received a mixed response from investor categories. Non-Institutional Investors (NII) led the subscription, with the sHNI category subscribed 2.52 times and the bHNI category subscribed 2.15 times. Retail Individual Investors (RII) subscribed 0.95 times, while Qualified Institutional Buyers (QIBs) subscribed 0.94 times. Employees did not subscribe to the issue.

Financial Performance

Revenue from operations grew 15.19% year-on-year to ₹351.16 crore in FY2025 from ₹304.86 crore in FY2024. The company's PAT margin improved to 6.52% in FY2025 from 0.44% in FY2023. Despite the profitability growth, Aastha Spintex reported negative operating cash flows of ₹-18.13 crore in FY2025, indicating potential working capital stress.

Use of Proceeds and Risks

The IPO proceeds are earmarked for the acquisition of Falcon Yarns Private Limited for ₹111.51 crore, inter-corporate deposits to the target entity of ₹10.00 crore, and general corporate purposes. This strategic acquisition is intended to expand the company's spinning capacity from 7,700 metric tonnes per annum (MT p.a.) to 17,457 MT p.a. However, the acquisition price of ₹33.33 per share represents a premium of approximately 130.49% compared to Falcon Yarns' recent buyback price of ₹14.46 per share, a risk highlighted in the Draft Red Herring Prospectus (DRHP).

The DRHP identifies several key risks, including a high dependence on a single reseller, 7 Seas Impex, which accounts for 22.99% to 66.61% of revenue from products. Additionally, 96.69% of the company's revenue is derived from Gujarat, exposing it to geographic concentration risks.