Ashutosh Fibre
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Subscription
- Qualified institutionalQIB
- 80.88×
- Big non-institutionalbNII · above ₹10 lakh
- 216.52×
- Small non-institutionalsNII · ₹2–10 lakh
- 107.37×
- Retail individualRII · up to ₹2 lakh
- 79.80×
Grey market premium
Unofficial and indicative — not a forecast
Day-wise premium · 14 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 07 Sept 2026 | ₹56 | +60.87% | ₹51,100 | ₹148 | ₹67,200 |
| 06 Sept 2026 | ₹56 | +60.87% | ₹51,100 | ₹148 | ₹67,200 |
| 05 Sept 2026 | ₹50 | +54.35% | ₹45,600 | ₹142 | ₹60,000 |
| 04 Sept 2026 | ₹44 | +47.83% | ₹40,100 | ₹136 | ₹52,800 |
| 03 Sept 2026 | ₹36 | +39.13% | ₹32,800 | ₹128 | ₹43,200 |
| 02 Sept 2026 | ₹33 | +35.87% | ₹30,100 | ₹125 | ₹39,600 |
| 01 Sept 2026 | ₹10 | +10.87% | ₹9,100 | ₹102 | ₹12,000 |
| 31 Aug 2026 | ₹45 | +48.91% | ₹41,000 | ₹137 | ₹54,000 |
| 30 Aug 2026 | ₹37 | +40.22% | ₹33,700 | ₹129 | ₹44,400 |
| 29 Aug 2026 | ₹37 | +40.22% | ₹33,700 | ₹129 | ₹44,400 |
| 28 Aug 2026 | ₹37 | +40.22% | ₹33,700 | ₹129 | ₹44,400 |
| 27 Aug 2026 | ₹37 | +40.22% | ₹33,700 | ₹129 | ₹44,400 |
| 26 Aug 2026 | ₹15 | +16.30% | ₹13,700 | ₹107 | ₹18,000 |
| 25 Aug 2026 | ₹13 | +14.13% | ₹11,900 | ₹105 | ₹15,600 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Bids received
The demand behind each multiple — what was offered, what was bid for, and what those bids are worth
| Category | Shares offered | Shares bid for | Bids (₹ Cr) | Times |
|---|---|---|---|---|
| Qualified institutional | 11,62,800 | 16,73,59,200 | ₹1,540 Cr | 143.93× |
| Non-institutional | 8,73,600 | 17,54,66,400 | ₹1,614 Cr | 200.85× |
| Big non-institutionalwithin NII | 5,82,000 | 14,00,83,200 | ₹1,289 Cr | 240.69× |
| Small non-institutionalwithin NII | 2,91,600 | 3,53,83,200 | ₹326 Cr | 121.34× |
| Retail individual | 20,37,600 | 20,20,53,600 | ₹1,859 Cr | 99.16× |
| Total | 37,66,800 | 54,48,79,200 | ₹5,013 Cr | 144.65× |
Times subscribed is the figure published for each category, not shares bid for divided by shares offered — a category's multiple is struck against its own allottable base, which is not always the offered count shown beside it. Observed 02 Sept, 05:12 pm IST; the registrar publishes the final basis of allotment.
Issue details
- IPO date
- 31 Aug 2026 – 02 Sept 2026
- Listing date
- 07 Sept 2026
- Face value
- ₹10 per share
- Price band
- ₹87 – ₹92
- Issue price
- ₹92 per share
- Lot size
- 1,200 shares
- Sale type
- Fresh capital
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹56.35 Cr
- Fresh issue
- ₹53.52 Cr 58,17,600 shares
- Offer for sale
- ₹0 Cr 0 shares
- Market cap at offer price
- ₹201 Cr
- Promoter holding
- 59.79% → 43.05% pre-issue → post-issue
- ISIN
- INE19FR01012
- CIN
- U24299GJ1985PLC007831
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Mefcom Capital Markets Ltd.
- Registered office
- 111-New Cloth Market Raipur, Ahmedabad-380002, Gujarat, India
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| QIB | 11,62,800 | 28.54% | 26.54% |
| Anchor investor · within QIB | 17,43,600 | — | 39.80% |
| NII (HNI) | 8,73,600 | 21.44% | 19.94% |
| bNII > ₹10L · within NII | 5,82,000 | — | 13.28% |
| sNII < ₹10L · within NII | 2,91,600 | — | 6.66% |
| Retail (RII) | 20,37,600 | 50.01% | 46.51% |
| Employee | 0 | — | 0.00% |
| Market maker | 3,07,200 | — | 7.01% |
| Total issue | 43,81,200 | — | 100.00% |
Net offer to the public of 40,74,000 shares, out of a total issue of 43,81,200. Indented rows sit inside the category above them and are not added to it.
Application size
Minimum 1,200 shares per lot, in multiples, at ₹92
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,10,400 |
| S-HNI (min) | 2 | 2,400 | ₹2,20,800 |
| S-HNI (max) | 9 | 10,800 | ₹9,93,600 |
| B-HNI (min) | 10 | 12,000 | ₹11,04,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹92 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 10.19 | 7.33 |
| P/E (×) | 9.03 | 12.55 |
| Price to book (×) | 0.45 | — |
| Market cap | — | ₹201 Cr |
Key performance indicators
Latest reported period, standalone
- Return on net worth
- 23.73%
- ROCE
- 27.00%
- Debt / equity
- 1.60
- PAT margin
- 7.46%
- EBITDA margin
- 15.64%
- NAV per share
- ₹204.87
- Price to book
- 0.45
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
Company financials
Standalone ·₹ crore unless a row shows % or ×, as reported in the offer document
| Period ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Profit and loss | |||
| Total income | 117.43 | 114.97 | 109.89 |
| Revenue from operations | 117.37 | 114.03 | 109.87 |
| Other income | 0.06 | 0.94 | 0.02 |
| Total expenses | 95.87 | 103.88 | 100.11 |
| Operating profit | 21.56 | 11.09 | 9.78 |
| Operating margin | 18.36% | 9.65% | 8.90% |
| Profit before tax | 21.57 | 11.1 | 9.78 |
| Profit after tax | 16.04 | 8.51 | 7.05 |
| PAT margin | 13.66% | 7.40% | 6.42% |
| Balance sheet | |||
| Total assets | 112.06 | 104.6 | 73.01 |
| Current assets | 49.08 | 47.07 | 38.44 |
| Current liabilities | 29.54 | 33.54 | 27.88 |
| Total liabilities | 60.16 | 68.75 | 45.46 |
| Net worth | 51.9 | 35.85 | 27.55 |
| Current ratio | 1.66× | 1.40× | 1.38× |
| Return on equity | 30.91% | 23.74% | 25.59% |
| Cash flow | |||
| Operating cash flow | 21.44 | 11.22 | 5.64 |
| Investing cash flow | -10.32 | -26.3 | -7.61 |
| Financing cash flow | -14.15 | 18.29 | 0.88 |
| Net cash flow | -3.02 | 3.21 | -1.09 |
Objects of the issue
Stated use of the net proceeds— open a row for the issuer's full explanation
1 Funding capital expenditure requirements towards funding of new equipment and machinery ₹25.51 Cr
The company intends to utilize funds for expansion of manufacturing capacity through purchase and installation of additional equipment and machinery at existing facility to meet increasing demand and diversify into additional high-performance yarn categories.
2 Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company ₹20 Cr
The company proposes to utilize funds towards partial repayment or pre-payment of certain borrowings to reduce outstanding indebtedness, maintain favourable debt equity ratio and enable utilization of additional internal accruals for business growth.
3 General Corporate Purposes —
The company intends to deploy funds for general corporate purposes including funding growth opportunities, meeting business expenses, servicing borrowings, brand building, marketing expenses and meeting business exigencies as permitted by applicable laws.
1 of 3 objects carry no stated amount — typically general corporate purposes, funded from whatever remains — so the total above is the quantified portion only, not the whole issue.
About Ashutosh Fibre
Ashutosh Fibre Limited, incorporated in 1985 and converted to a public company in 2024, is a manufacturer of technical textile yarns serving diverse end-use industries. The company produces specialized yarns across four product lines: Indutech (industrial filtration and pollution control), Protech (protective clothing and safety equipment), Mobiltech (automotive applications), and Hometech (home furnishings). The company generates revenue through the manufacture and sale of high-performance yarns including para-aramid based spun yarn, 100% polypropylene spun yarn, meta-aramid/viscose blends, and modacrylic yarns. Manufacturing operations are conducted at a leased facility in Petlad, Gujarat. The company operates on a B2B model, supplying to industrial manufacturers, processors and institutional buyers.
Management
Siddharth Prakash Patel
MD
Abhishek Rajendrakumar Agarwal
CEO
Piyush Ravishanker Bhatt
Director
Dhwani Lalitbhai Nagar
Director
Jayshree Vikram Patel
Director
Alpesh Rameshchandra Bhavsar
CFO
Sonal Bankim Bhansali
COO
Banshidhar Sahoo
Director of Operations
Dhavalkumar Rameshchandra Shah
Director of Operations
Mahesh G Makwana
CTO
Nilesh Bipinchandra Patel
VP of Marketing
Niraliben Umang Dave
VP of Sales
Strengths
As stated in the offer document
Recycling and Sustainable Fibre Solutions
The company has developed capabilities in recycling para-aramid fabrics through proprietary 'Fabric-to-Fibre' process, with recycled fibre comprising 21.46% of total purchases in FY 2025-26, reducing raw material costs and supporting sustainability.
Positioning in Polypropylene Spun Yarns
The company manufactures polypropylene spun yarns contributing 22.95% of revenue from operations in FY 2025-26, offering wide range of counts and plies for filtration and technical textile applications.
Established Customer and Supplier Relationships
The company maintains long-standing relationships with average period of 6 years with major customers and 5.5 years with suppliers, providing stability in procurement and recurring revenue opportunities.
Strong focus on quality control and product consistency
The company maintains defect and rejection rates at 0.13% in FY 2025-26, equipped with advanced testing equipment including Mesdan Evenness Tester and compliance with BIS specifications for consistent technical performance.
Alignment with global sustainability and ESG mandates
The company has commissioned 380 KW rooftop solar system and 4 MW solar power plant for captive consumption, holding ISO certifications including 9001:2015, 14001:2015, and 45001:2018 for quality and environmental management.
Risk factors
As stated in the offer document
Dependence on Key Customers
The company relies on a limited number of high-volume customers for a substantial portion of revenues, with top 10 customers contributing approximately 68.85%, 67.40% and 72.11% of revenue from operations for Fiscals 2026, 2025 and 2024 respectively. The company does not have long-term agreements with these customers, exposing it to risks of order reduction, cancellation, or unfavorable terms renegotiation.
Raw Material Supply Chain Dependency
The company sources majority of raw materials from top 10 suppliers (64.73%, 70.31% and 78.10% of total purchases for Fiscals 2026, 2025 and 2024) without long-term supply agreements. A significant portion (36.29% to 41.18%) of raw materials are imported, creating dependency on global suppliers and exposing the company to foreign exchange fluctuations, supply chain delays, and international trade policy changes.
Export Obligations Under Duty Exemption Schemes
The company avails fiscal incentives under Advance Authorisation and EPCG schemes, requiring fulfillment of prescribed export obligations within stipulated timelines. Failure to meet these obligations may result in withdrawal of benefits and liability to pay differential customs duty along with interest and penalties, which could substantially increase costs and impact profitability.
Single Manufacturing Facility Concentration Risk
The company operates all manufacturing activities from a single leased facility in Petlad, Gujarat. This concentration exposes the company to risks of unplanned shutdowns, natural disasters, labor unrest, mechanical breakdowns, or regulatory challenges that could materially disrupt production and supply capabilities without alternative manufacturing sites to mitigate impact.
Product Concentration Risk
The company operates in a single business segment of technical textile yarn spinning, with significant revenue dependence on para-aramid based spun yarn (27.66% in Fiscal 2026) and 100% polypropylene yarn (22.95% in Fiscal 2026). Any adverse developments in demand, pricing, or production of these key products could directly impact revenues and profitability.
Working Capital and Inventory Management
The company maintains substantial working capital levels with inventory representing 37.25%, 30.66% and 33.04% of current assets as of March 31, 2026, 2025 and 2024 respectively. Inefficient management of working capital cycle or inventory imbalances could lead to blocked funds, increased financing costs, and potential obsolescence or write-downs affecting profitability.
High Debt-Equity Ratio and Financial Covenants
The company has total borrowings of ₹4,792.45 lakhs as of March 31, 2026, with financing agreements imposing restrictive covenants on operations and capital structure changes. Any failure to comply with operational and financial covenants may lead to acceleration of repayments, enforcement of security, or restrictions on operations.
Regulatory Compliance and Filing Delays
The company has experienced discrepancies and delays in filings with regulatory authorities including RoC, GST returns, TDS, and other statutory compliances. While corrective measures have been taken, future non-compliance could result in monetary penalties, regulatory scrutiny, and reputational damage affecting business operations.
Technology and Capital Investment Requirements
The company's business is capital and technology intensive, requiring significant investments in specialized spinning technologies and continuous upgrades. Capital expenditure was 15.37%, 24.75% and 8.25% of revenue from operations for Fiscals 2026, 2025 and 2024 respectively. Inability to make adequate investments or achieve optimal utilization may adversely affect competitiveness.
Export Market Dependency and International Trade Risks
Export sales accounted for 38.99%, 38.05% and 43.59% of revenue from operations for Fiscals 2026, 2025 and 2024 respectively, with significant exposure to China (21.80% of revenue in Fiscal 2026). The company faces risks from foreign exchange fluctuations, trade policy changes, customs delays, and geopolitical developments affecting export markets.
Company Analysis
from RHPAshutosh Fibre Limited manufactures technical textile yarns including para-aramid, polypropylene, modacrylic, and flame-retardant viscose yarns for industrial, protective, automotive, and home textile applications.
Ashutosh Fibre Limited, incorporated in 1985 and converted to a public company in 2024, is a manufacturer of technical textile yarns serving diverse end-use industries. The company produces specialized yarns across four product lines: Indutech (industrial filtration and pollution control), Protech (protective clothing and safety equipment), Mobiltech (automotive applications), and Hometech (home furnishings). The company generates revenue through the manufacture and sale of high-performance yarns including para-aramid based spun yarn, 100% polypropylene spun yarn, meta-aramid/viscose blends, and modacrylic yarns. Manufacturing operations are conducted at a leased facility in Petlad, Gujarat. The company operates on a B2B model, supplying to industrial manufacturers, processors and institutional buyers.
Objects of the Issue
- Funding capex for installation of equipment and machinery at the leased manufacturing facility p.33
- Repayment/prepayment of certain borrowings p.38
- Funding capital expenditure requirements towards funding of new equipment and machinery ₹2,550.83 lakhs p.94
- Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company ₹2,000.00 lakhs p.94
- General corporate purposes Maximum 15% of gross proceeds or ₹1,000.00 lakhs whichever is less p.94
- Funding capital expenditure requirements towards funding of new equipment and machinery ₹2,550.83 lakhs p.98
- Repayment/pre-payment of certain borrowings availed by our Company ₹2,000.00 lakhs p.99
- General corporate purposes Not exceeding 15% of Gross Proceeds or ₹1,000.00 lakhs, whichever is lower p.101
- Production Capacity Enhancement and Cost Optimization - deployment of additional compact spinning systems and high-value yarn attachments such as the Pinter Hard Core system, within existing facility in Petlad, Gujarat, to meet growing demand in technical and high-performance yarn segments p.169
- Expansion into Manufacture and Sale of Modacrylic-Based Fabrics - captive consumption of the Company's modacrylic-based yarn with weaving carried out at third-party facilities and subsequent processing at designated process houses p.169
Issue Structure
- Total Issue
- Up to 61,24,800 Equity Shares of face value of ₹10 each aggregating to ₹[●] Lakhs
- Fresh Issue
- Up to 61,24,800 Equity Shares of face value of ₹10 each aggregating to ₹[●] Lakhs
- Offer for Sale
- Nil / Not Applicable as this is a Fresh Issue of Equity Shares
- Price Band
- ₹[●] per Equity Share (Floor Price) to ₹[●] per Equity Share (Cap Price)
- Lot Size
- [●] Equity Shares
- Face Value
- ₹10 per Equity Share
Business Model
The company manufactures and sells technical textile yarns to industrial and institutional customers on a B2B basis. Revenue is generated from the sale of specialized yarns including para-aramid based spun yarn, polypropylene yarn, modacrylic blends, and flame-retardant viscose yarns used in filtration, protective clothing, automotive, packaging and home textile applications. The company sources raw materials from suppliers and manufactures yarns using specialized spinning technologies.
Business Segments
SWOT Analysis
- • Established manufacturing facility with operational history(p.95)
- • Consistent revenue growth over three years(p.96)
- • High capacity utilization in core product line(p.96)
- • Diversified product portfolio(p.95)
- • Strong promoter backing and stability(p.44)
- • Diverse portfolio of specialized technical yarns(p.105)
- • Advanced spinning technologies and proprietary fibre recycling processes(p.105)
- • Strong quality control and international certifications(p.105)
- • Long-standing customer relationships across multiple industries(p.105)
- • Experienced management team with high-performance fibre expertise(p.105)
- • Positioned in rapidly expanding technical textiles sector(p.105)
- • Unmatched diversity in technical yarn portfolio(p.154)
- • Proven long-standing experience and market leadership(p.154)
- • Advanced manufacturing technology and capability(p.154)
- • High capacity utilization and production efficiency(p.163)
- • Proprietary para-aramid recycling capability(p.167)
- • Strong quality control and low defect rates(p.168)
- • Sustainability initiatives and ESG alignment(p.168)
- • Strong profitability metrics(p.162)
- • Established textile manufacturing company with 40+ years of operational history(p.213)
- • Recent significant revenue and profitability growth trajectory(p.214)
- • Recognition and awards for export performance and technical textiles(p.214)
- • Recent installation of renewable energy capacity(p.214)
- • Experienced promoter management with 15+ years industry experience(p.216)
- • No defaults or rescheduling of borrowings with financial institutions(p.214)
- • Established manufacturing of specialized technical textiles with diverse product portfolio(p.296)
- • Strong production capacity utilization and recent capacity expansion(p.297)
- • Significant revenue growth and improved profitability(p.304)
- • Strong EBITDA margin improvement(p.304)
- • Positive return on equity and capital employed(p.297)
- • International presence with significant export revenue(p.300)
- • Established export credentials and certifications(p.317)
- • No long-term raw material supply agreements expose company to supply disruption and price volatility(p.25)
- • High customer concentration creates revenue dependency and reduces bargaining power(p.26)
- • Dependency on customer-approved suppliers for critical raw materials limits sourcing flexibility(p.29)
- • Past RoC filing discrepancies and non-compliances create regulatory penalty risk(p.30)
- • Single manufacturing facility concentration creates operational vulnerability(p.40)
- • All operations concentrated on leased premises creates continuity risk(p.33)
- • High capital intensity with underutilized capacity in polypropylene yarn segment(p.34)
- • Negative cash flows experienced in past periods(p.34)
- • High dependence on unsecured related-party loans repayable on demand(p.44)
- • Excessive dependence on few lenders for credit facilities(p.45)
- • Significant secured debt with charge on assets(p.45)
- • Limited experience with listed company requirements and governance(p.50)
- • Dependence on key personnel and promoters(p.50)
- • High debt levels relative to equity(p.109)
- • Reliance on specific customer segments and industries(p.105)
- • Limited production capacity for certain specialty yarns(p.108)
- • Revenue concentration in specialized niche markets(p.107)
- • Limited installed production capacity scale(p.163)
- • High customer concentration risk(p.163)
- • High supplier concentration dependency(p.164)
- • Declining capacity utilization in polypropylene segment(p.163)
- • Geographic concentration in domestic market(p.166)
- • Limited geographic export diversification(p.166)
- • High financial leverage with significant borrowing burden(p.252)
- • Dependence on promoter-provided loans and unsecured borrowings(p.263)
- • Modest cash position relative to debt obligations(p.252)
- • Limited scale with no subsidiary or strategic partnerships(p.215)
- • Promoter group concentration and related-party transaction exposure(p.238)
- • Significant reliance on few key customers(p.297)
- • High dependence on imported raw materials(p.267)
- • Moderate leverage with substantial debt obligations(p.297)
- • Significant unsecured loans from related parties(p.293)
- • High finance costs relative to operations(p.304)
- • Capacity expansion to meet growing demand(p.95)
- • Diversification into specialized yarn categories(p.95)
- • Expansion into industrial filtration and protective clothing markets(p.44)
- • Debt reduction to improve financial stability(p.94)
- • Potential for technological upgradation and operational efficiency(p.96)
- • Growing technical textiles market in India projected to expand significantly(p.149)
- • Mandatory use of technical textiles in government infrastructure projects(p.140)
- • Government incentives through PLI scheme and NTTM support(p.140)
- • Growing demand across automotive, filtration, and defence sectors(p.137)
- • Rising exports to major markets including USA, UAE, and Brazil(p.141)
- • Expansion in infrastructure and construction sectors driving geotextile demand(p.137)
- • Expansion into modacrylic-based fabrics manufacturing(p.169)
- • Capacity expansion and production scaling(p.169)
- • Growing demand for technical textiles and high-performance yarns(p.162)
- • Export market expansion and international growth(p.169)
- • Defence indigenization alignment(p.161)
- • Growing polypropylene yarn demand for filtration(p.167)
- • Growth in technical textile exports and specialty yarns market(p.213)
- • Expansion into sustainable and recycled textile products(p.213)
- • Renewable energy adoption supporting operational sustainability(p.211)
- • Potential for capacity expansion and new product development(p.252)
- • Access to government textile sector support and subsidies(p.255)
- • Growing technical textile industry with diverse applications(p.296)
- • Expansion into emerging markets and geographies(p.301)
- • Increased utilization of installed solar capacity for cost reduction(p.306)
- • Capacity expansion to capture growing demand(p.297)
- • Strong B2B business model serving industrial manufacturers(p.296)
- • Product customization and job work services generating recurring revenue(p.296)
- • Export obligations under Advance Authorisation and EPCG schemes create compliance risk and potential duty liability(p.26)
- • Technical textile yarn industry slowdown and commodity price volatility threaten revenues and margins(p.27)
- • High export dependence to China (21.8% of revenue) exposes to geopolitical and trade policy risks(p.28)
- • Significant imported raw material dependency (36.29% of purchases) creates forex and supply chain risk(p.25)
- • Operating in single business segment limits business model diversification and hedging options(p.28)
- • Substantial dependence on para-aramid and polypropylene yarns (50.6% of revenue) creates product concentration risk(p.28)
- • Regional concentration in Gujarat (48.15% of raw material purchases) creates location-specific vulnerability(p.43)
- • Raw material prices linked to volatile crude oil and petrochemical markets threatens cost structure(p.25)
- • Customer price negotiation pressure(p.47)
- • Delivery delays and operational disruptions(p.44)
- • Raw material import tariffs and trade policy changes(p.51)
- • Economic slowdown and reduced consumer spending(p.52)
- • Regulatory changes and compliance costs(p.45)
- • Interest rate fluctuations impacting finance costs(p.47)
- • Geopolitical instability and terrorism risk(p.54)
- • US tariff imposition on Indian goods affecting exports(p.143)
- • Intense competition from global suppliers, particularly China(p.145)
- • Geopolitical risks affecting supply chains and trade routes(p.129)
- • Oil price volatility and energy cost inflation(p.127)
- • Import dependence on specialty fibres and rising input costs(p.146)
- • Currency fluctuations and forex volatility(p.146)
- • Intense and growing competition in technical yarn segment(p.176)
- • Raw material import dependency and supply chain vulnerability(p.151)
- • Foreign exchange and currency fluctuation risks(p.151)
- • Economic and market volatility(p.176)
- • Geopolitical risks affecting export markets(p.176)
- • Dependence on specialized supplier relationships(p.167)
- • Highly specialized and niche market dependency(p.151)
- • Exposure to textile industry cyclicality and commodity price volatility(p.253)
- • Dependence on export markets subject to currency and trade policy risks(p.256)
- • Regulatory compliance risks in textile and environmental sectors(p.211)
- • Competitive pressure from larger established textile manufacturers(p.243)
- • Rising interest costs impacting profitability amid high debt levels(p.253)
- • Volatility in raw material prices and availability(p.298)
- • Competitive pressure in technical textile industry(p.309)
- • Slowdown or disruption in technical textile yarn industry(p.298)
- • Foreign exchange fluctuations affecting export revenue(p.308)
- • Global economic disruptions and geopolitical risks(p.298)
- • Regulatory changes and compliance costs(p.298)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Siddharth Prakash Patel | Promoter | — | — |
| Abhishek Rajendrakumar Agarwal | Promoter | — | — |
| Prahash Fin-Stock Private Limited | Promoter Group | — | — |
| Prahash Fin-Stock Private Limited | Promoter Group | 17.43% | 12.55% |
| Abhishek Rajendrakumar Agarwal | Promoter | 14.86% | 10.70% |
| Siddharth Prakash Patel | Promoter | 8.07% | 5.81% |
| Binaben Prakashbhai Patel | Promoter/Promoter Group | — | — |
| Prakash P. Patel | Promoter/Promoter Group | — | — |
| Siddharth Prakash Patel | Promoter | — | — |
| Abhishek Rajendrakumar Agarwal | Promoter | — | — |
| Siddharth Prakash Patel | Promoter | 8.07% | — |
| Abhishek Rajendrakumar Agarwal | Promoter | 14.86% | — |
| Prahash Fin-Stock Private Limited | Corporate Promoter | — | — |
| Siddharth P. Patel | Promoter | 8.07% | — |
| Abhishek R. Agarwal | Promoter | 14.86% | — |
| Prahas Finstock Pvt. Ltd. | Promoter | 17.43% | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Peer comparison
The comparable listed companies named in the offer document, as on 31 Mar 2026
| Company | EPS | NAV | P/E | P/BV | RoNW |
|---|---|---|---|---|---|
| Ashutosh Fibre THIS ISSUE | 10.19 | 32.95 | 12.55, computed at the offer price | 0.45, computed at the offer price | 23.73% |
RSWM Reliance | 11.04 | 291.21 | 18.55 | 0.70 | -3.16% |
| 6.97 | 189.23 | 16.09 | 0.59 | 2.95% | |
| 21.28 | 133.71 | 37.72 | 6.03 | 17.54% | |
| -56.16 | 34.90 | — | 0.38 | 18.33% |
Blank cells are figures the offer document does not publish. This issue is unlisted, so it has no market price and the document publishes no multiple for it — its P/E and P/BV here are computed at the offer price, on the post-issue share count, and are comparable to a listed peer's.