NewsAshutosh Fibre IPO Day 3: Issue subscribed 11.68x so far. Check issue details and key datesAshutosh Fibre IPO Day 3: Issue subscribed 11.68x so far. Check issue details and key dates
- Ashutosh Fibre IPO closed with a total subscription of 11.68x on Day 3.
- Retail category subscribed 16.32x, leading the demand.
- NII (bHNI) jumped 84.8% in the final hour to reach 13.49x.
- QIBs remained largely absent with only 0.02x subscription.
- Allotment date is set for 2026-09-03, listing on 2026-09-07.
*this image is generated using AI for illustrative purposes only.
Ashutosh Fibre’s IPO closed on Day 3 with a total subscription of 11.68x. Retail investors led the charge with 16.32x, while the NII category saw massive late-day inflows. QIBs remained largely absent at 0.02x.
Final Subscription Status
| 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 | 0.02x | 13.49x | 17.87x | 16.32x | 11.68x |
Category-wise Breakdown
Retail investors were the primary drivers of demand, ending Day 3 with a subscription multiple of 16.32x. The NII category also performed strongly, with bHNI at 13.49x and sHNI at 17.87x. Notably, Qualified Institutional Buyers (QIBs) did not participate significantly, resulting in a 0.02x subscription for this category throughout the issue period.
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 to produce specialized yarns including para-aramid, polypropylene, and modacrylic-based products. 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 complete absence of QIB participation impact the stock's liquidity and price stability during the initial listing days?
Given the heavy reliance on top 10 customers without long-term contracts, what strategies will Ashutosh Fibre employ to secure recurring revenue post-IPO?
Will the company's plan to repay ₹20.00 crores in borrowings significantly improve its debt-to-equity ratio and credit rating in the near term?
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