NewsAshutosh Fibre IPO Day 3: Issue subscribed 129.32x so far. Check issue details and key datesAshutosh Fibre IPO Day 3: Issue subscribed 129.32x so far. Check issue details and key dates
- Ashutosh Fibre IPO closed with a total subscription of 129.32x.
- QIB category surged to 141.53x in the final hours of trading.
- NII (bHNI) subscribed 118.70x, while Retail reached 92.09x.
- Allotment date is set for September 3, 2026.
- Shares will list on September 7, 2026.
*this image is generated using AI for illustrative purposes only.
Ashutosh Fibre’s IPO closed with a massive final subscription of 129.32x. The issue witnessed a dramatic late-day surge, with QIBs jumping to 141.53x and NII (bHNI) reaching 118.70x. Retail investors also showed strong interest at 92.09x. Shares list on September 7.
Final Subscription Status
The subscription momentum picked up sharply after 2pm, racing ahead in the final hours. QIB jumped from 0.00x to 141.53x, while NII (bHNI) surged +1526.0% from 7.30x to 118.70x during the day. Total subscription jumped +1590.5% today (from 7.65x to 129.32x).
| Day | Date | QIB | NII (bHNI) | NII (sHNI) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 | 31-08-2026 | 0.00x | 0.92x | 1.44x | 1.38x | 0.96x |
| Day 2 | 01-09-2026 | 0.00x | 4.40x | 4.51x | 7.88x | 4.90x |
| Day 3 | 02-09-2026 | 141.53x | 118.70x | 240.54x | 92.09x | 129.32x |
Intra-day timeline on 02-09-2026
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 11:15 | 0.00x | 7.30x | 11.87x | 7.65x |
| 12:15 | 0.02x | 13.49x | 16.32x | 11.68x |
| 13:15 | 6.82x | 29.72x | 25.96x | 23.55x |
| 14:15 | 18.38x | 49.35x | 40.33x | 41.79x |
| 15:15 | 62.25x | 86.71x | 65.23x | 81.45x |
| 16:15 | 141.53x | 118.70x | 92.09x | 129.32x |
| 17:15 | 141.53x | 118.70x | 92.09x | 129.32x |
Category-wise Breakdown
The Non-Institutional Investor (NII) category dominated the issue, with bHNI subscribers booking 118.70x and sHNI at 240.54x. Retail investors ended at 92.09x. A notable development was the QIB category, which moved from 0.00x to 141.53x in the final hours, indicating strong institutional conviction.
About the Company
Ashutosh Fibre Limited, incorporated in 1985, is a technical textile manufacturer specializing in synthetic yarns for high-performance industrial applications. The company operates in four segments: Indutech, Protech, Hometech, and Mobiltech. It utilizes Ring Spun, DREF friction spinning, and Open-End spinning technologies. The company is led by MD Siddharth Prakash Patel and CEO Abhishek Rajendrakumar Agarwal.
Financial Highlights
| Particulars | FY 2026 (₹ crores) | FY 2025 (₹ crores) | FY 2024 (₹ crores) |
|---|---|---|---|
| Revenue from Operations | 117.37 | 114.03 | 109.87 |
| Profit After Tax | 16.04 | 8.51 | 7.05 |
| Total Equity | 51.90 | 35.85 | 27.55 |
The company reported revenue from operations of ₹117.37 crores in FY 2026, up from ₹114.03 crores in FY 2025. Profit after tax nearly doubled to ₹16.04 crores in FY 2026 compared to ₹8.51 crores in the previous year.
Objects of the Issue
- Funding capital expenditure requirements towards funding of new equipment and machinery: ₹25.51 crores
- Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company: ₹20.00 crores
- General Corporate Purposes: Amount not specified in lakhs
Risk Factors
- Dependence on Key Customers: Top 10 customers contributed approximately 68.85% of revenue in Fiscal 2026 without long-term agreements.
- Raw Material Supply Chain Dependency: Majority of raw materials sourced from top 10 suppliers; significant portion imported, exposing company to FX fluctuations.
- Single Manufacturing Facility Concentration Risk: All manufacturing activities operate from a single leased facility in Petlad, Gujarat.
What's Next
Allotment is scheduled for 2026-09-03. Shares are expected to list on 2026-09-07. Basis of allotment will be determined by the registrar based on final subscription status.
How might the extreme oversubscription of 129.32x influence the listing price premium and initial trading volatility for Ashutosh Fibre?
What is the likely impact on the company's debt-to-equity ratio and interest expenses given that ₹20.00 crores of the IPO proceeds will be used for debt repayment?
How will the allocation basis be structured to balance the interests of the heavily oversubscribed QIB and NII categories against retail investors?
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