Ashutosh Fibre IPO
Ashutosh Fibre LtdSME
This IPO is now Live.
- Open date
- 31 Aug 2026
- Close date
- 2 Sep 2026
- Min. Investment
- ₹2,20,800
- Lot Size
- -
- Fresh Issue
- ₹56.35 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers0.00x
- Non-Institutional Investors3.55x
- Retail-Individual Investors8.25x
- Total4.79x
Schedule
- Completed: IPO open date31 Aug 2026
- Current step: IPO close date2 Sep 2026
- Upcoming: Allotment date3 Sep 2026
- Upcoming: Funds unblock or debit4 Sep 2026
- Upcoming: Tentative listing date7 Sep 2026
About
Promoter shareholding in Ashutosh Fibre Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Siddharth Prakash Patel | 12,71,700 | 8.07% | 12,71,700 | 5.81% |
| Abhishek Rajendrakumar Agarwal | 23,40,000 | 14.86% | 23,40,000 | 10.70% |
| Prahash Fin-Stock Private Limi | 27,45,900 | 17.43% | 27,45,900 | 12.55% |
| Shree Bajrangbali Intermediate | 15,30,000 | 9.71% | 15,30,000 | 6.99% |
| R.K. Agarwal Trading Company P | 15,30,000 | 9.71% | 15,30,000 | 6.99% |
Ashutosh Fibre IPO Strengths & Risks
- Diverse portfolio of specialised technical yarns catering to industrial, protective and home applications.
- Advanced spinning technologies and proprietary fibre recycling processes ensuring innovation and sustainability.
- Strong focus on stringent quality control backed by international certifications such as ISO and OEKO-TEX.
- Long-standing customer relationships across filtration, automotive, defence and protective textile industries.
- Experienced management team with proven expertise in handling high-performance fibres.
- Positioned to capture growth opportunities in the rapidly expanding technical textiles sector
- Risks Relating to the Business: The company does not has long-term agreements for supply of the raw materials. If the company is unable to procure raw materials of the required quality and quantity, at competitive prices, its business, results of operations and financial condition may be adversely affected.
- Risks Relating to the Business: A significant portion of its revenue comes from key customers and losing one or more of them, experiencing a decline in their financial health or business outlook, or facing a reduction in their demand for the company products could negatively impact its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The Company is subject to export obligations under duty exemption schemes, and any inability to comply with such obligations, adverse movements in foreign trade policy, or unfavorable external factors may adversely affect its business, financial condition, results of operations, and cash flows.
- Risks Relating to the Business: If the technical textile yarn industry faces slowdown in growth, supply disruptions, regulatory changes, decline in demand, Commodity Price Volatility and Impact on Cost Structure, the company production costs, operating margin and overall financial condition may be materially and adversely affected.
- Risks Relating to the Business: Dependence on exports, particularly to China and other foreign countries, exposes it to international market risks, regulatory changes, and trade-related uncertainties that could adversely affect its business and financial performance.
- Risks Relating to the Business: The company's business is heavily dependent on the sale of para-aramid based spun yarn and 100% polypropylene spun yarn. Any reduction in the sale of these yarns, or any inability on the company part to produce and sell such yarns, or any adverse movement in the price at which the company is able to sell these yarns, may has an adverse effect on its business, results of operations, cash flows and financial condition.
- Risks Relating to the Business: The company operates in a single business segment i.e. spinning of technical textile yarn and any adverse developments in this segment could has a material adverse effect on its business, financial condition and results of operations.
- Risks Relating to the Business: If the company is unable to make adequate investments in manufacturing technologies and its capital-intensive production facilities at optimal efficiency, the company's competitiveness, business, results of operations and financial condition may be adversely affected.
- Risks Relating to the Business: The Company is dependent on a limited number of customer-approved suppliers for raw material for para-aramid fibres, viscose fibres and acrylic fibres and this dependency may adversely affect its production, revenues and financial condition.
- Risks Relating to the Business: There has been certain discrepancies/errors in filings with the Registrar of Companies (RoC) and other non-compliances under the Companies Act, which may result in penalties. Further certain documents filed by it with the RoC and certain corporate records and other documents, are not traceable. The company cannot assure you that such forms or records will be available at all or any time in the future.
- Risks Relating to the Business: If the company is unable to secure reliable access to specialized raw materials at competitive prices, its margins, business operations and financial condition may be adversely affected.
- Risks Relating to the Business: If the Company is unable to effectively manage its working capital cycle and inventory levels, the company's business, results of operations and financial condition may be adversely affected.
- Risks Relating to the Business: The Company operates on a business-to-business ("B2B") model and any reduction in demand from its institutional clients, delays in repeat orders, or adverse developments in the industries the company caters to could adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: There has been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on it or take any punitive actions against the Company in relation to the same, its business, financial condition and results of operations could be adversely affected.
- Risks Relating to the Business: The company's business operations, expansion plans and renewable energy projects are dependent on leased premises and any adverse development relating to such lease arrangements may affect its operations.
- Risks Relating to the Business: The company's business is dependent on its registered office and manufacturing unit, which are both operated on leased premises and the company is subject to risks relating to lease arrangements, operational disruptions, capacity utilization and concentration of operations in a single geography.
- Risks Relating to the Business: Any under-utilization of capacity of the company's manufacturing facilities, delays in commissioning of proposed equipment and machinery, or concentration of operations at a single location may affect its business, revenues and financial performance.
- Risks Relating to the Business: The company has experienced negative cash flows in the past. Any negative cash flows in the future would adversely affect the company's cash flow requirements, which may adversely affect its ability to operate the company's business and implement its growth plans, thereby affecting the company's financial condition.
- Risks Relating to the Business: Failures to adequately use, maintain, protect or enforce its intellectual property rights, including the company's registered trademark for the company's logo, may expose it to infringement, imitation and legal disputes, which may adversely affect its brand recognition, goodwill and business.
- Risks Relating to the Business: The company may be subject to industrial unrest and increased employee costs, which may adversely affect its business and results of operations.
- Risks Relating to the Business: The company's insurance coverage could prove inadequate to satisfy potential claims or protect it from potential operational hazards and losses which may has a material adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: The Company is party to certain legal proceedings. Any adverse decision in such proceedings may has an adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: The company is subject to restrictive covenants under the company financing agreements that could limit its flexibility in managing the company's business or to use bank balance or other assets. Any defaults may adversely affect its cash flows, business, results of operations and financial condition. Further, the company's dependency on borrowings is reflected in the fact that one of the Objects of the Issue is repayment/prepayment of certain borrowings of the Company.
- Risks Relating to the Business: The company's financing agreements impose certain restrictions on its operations and the company's failure to comply with operational and financial covenants may adversely affect its business and financial condition.
- Risks Relating to the Business: Few of the company's Promoter/Directors have provided personal guarantees for loan facilities obtained by the Company and any failures or default by the Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as its Promoters/Directors and thereby, impact the company's business and operations.
- Risks Relating to the Business: The company is required to fulfil export obligations under the Advance Authorisation and EPCG schemes, and any delay or shortfall in meeting such obligations may result in withdrawal of benefits and imposition of duties, interest and penalties.
- Risks Relating to the Business: The company's high debt-equity ratio and dependence on working capital financing may adversely impact its financial flexibility and growth.
- Risks Relating to the Business: The company's operations are concentrated in a single manufacturing facility located in Petlad, Gujarat and any disruption, slowdown, or regulatory challenge affecting this facility may materially and adversely impact its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: Excessive attrition or loss of skilled personnel, including those engaged in the company's specialised manufacturing processes and Key Managerial Personnel, may adversely impact its operations, financial condition and results of operations.
- Risks Relating to the Business: The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
- Risks Relating to the Business: Any non-compliance by the Company with changes in, safety, health and environmental legislations and other applicable laws, may adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: The company's ability to recruit and retain key management personnel, employees with technical knowledge and plant operating staff is critical to the success and stability of its business. Any inability to attract or retain such individuals could materially and adversely affect its operations, strategy and financial performance.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders approval.
- Risks Relating to the Business: The company's funding requirements and the proposed deployment of Net Proceeds has not been appraised by any bank or financial institution or any other independent agency and the company's management will have broad discretion over the use of the Net Proceeds.
- Risks Relating to the Business: The company may not be able to successfully manage the growth of its business if the company is unable to effectively implement its strategies, including the company's proposed increase in manufacturing capacities.
- Risks Relating to the Business: Due to a significant concentration of the company's revenue and raw material procurement in Gujarat, the company is highly exposed to regional risks and any disruption in this state may adversely affect its business, operations and financial condition.
- Risks Relating to the Business: The Company is exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may adversely impact business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company has availed unsecured loans that may be recalled at any time. The Company has availed unsecured loans which are repayable on demand. Any demand from lender(s) for repayment of such unsecured loans, may adversely affect its cash flows.
- Risks Relating to the Business: The company's Promoters and members of its Promoter Group will be able to exercise significant influence and control over it after the Issue and may have interests that are different from or conflict with those of the company other shareholders.
- Risks Relating to the Business: The company could incur losses under its purchase orders with the company's customers or be subjected to disputes or contractual penalties as a result of delays in delivery or failures to meet product specifications or delivery schedules, which may have a material adverse effect on its business, results of operations, cash flows and financial condition.
- Risks Relating to the Business: Any adverse change in regulations governing its products, may adversely impact the company's business prospects and results of operations.
- Risks Relating to the Business: There is no guarantee that the company's Equity Shares will be listed on the Emerge Platform of National Stock Exchange of India Limited in a timely manner or at all.
- Risks Relating to the Business: The Issue Price, market capitalization to total income multiple and price to earnings ratio based on the Issue Price of the Company, may not be indicative of the market price of the Equity Shares on listing or thereafter.
- Risks Relating to the Business: The company's lenders have charge over its movable and immovable properties in respect of finance availed by it.
- Risks Relating to the Business: There is an excessive dependence on a few lenders in respect of loan facilities obtained by the Company.
- Risks Relating to the Business: If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report the company's financial risk.
- Risks Relating to the Business: The weighted average cost of acquisition of Equity Shares held by the company's Promoters could be lower than the Issue Price.
- Risks Relating to the Business: Pricing pressure from customers may affect its gross margin, profitability and ability to increase the company's prices.
- Risks Relating to the Business: The Company has paid dividends in the past and there can be no assurance that the company will pay dividends in the future.
- Risks Relating to the Business: The Company's future funding requirements, in the form of further issue of capital or other securities and/or loans taken by it, may turn out to be prejudicial to the interest of the shareholders depending upon the terms and conditions on which they are raised.
- Risks Relating to the Business: The company's success depends heavily upon its Promoter, Directors, Key Managerial Personnel and Senior Management for their continuing services, strategic guidance and financial support who are also the natural person in control of the Company.
- Risks Relating to the Business: The company has not made any alternate arrangements in order to meet its capital requirements for the Objects of the Issue.
- Risks Relating to the Business: Ability to access capital at attractive costs depends on credit ratings. Non-availability of credit ratings or a poor rating may restrict access to capital and thereby adversely affect business, financial conditions, cash flows and results of operations.
- Risks Relating to the Business: The requirements of being a public listed company may strain its resources and impose additional requirements.
- Risks Relating to the Business: Any increase in interest rates would have an adverse effect on its results of operations and will expose the Company to interest rate risks.
- Risks Relating to the Business: The company's management will have broad discretion in the utilization of the Net Proceeds, including interim deployment of the Net Proceeds and there is no assurance that the Objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment.
- Risks Relating to the Business: The company's Promoters and Directors apart from Independent Directors does not has any prior experience of directorship in listed company.
- Risks Relating to the Business: The company may requires further equity issuance, which will lead to dilution of equity and may affect the market price of the company's Equity Shares or additional funds through incurring debt to satisfy its capital needs, which the company may not be able to procure and any future equity offerings by it.
- Risks Relating to the Business: The Company avails benefits under the Advance Authorisation Scheme, and any failures to comply with the conditions of the scheme may adversely affect its business and financial condition.
- Risks Relating to the Business: Increased losses dues to fraud, employee negligence, theft or similar incidents may have an adverse impact on it.
- Risks Relating to the Business: Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.
- Risks Relating to the Business: The company's Equity Shares are quoted in Indian Rupees in India and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.
- Risks Relating to the Business: Applicants to this Issue are not allowed to withdraw their Applications after the Issue Closing Date.
- Risks Relating to the Business: The company is subject to governmental regulation and its may incur material liabilities under, or costs in order to comply with, existing or future laws and regulation and the company's failure to comply may result in enforcements, recalls and other adverse actions.
- Risks Relating to the Business: After this Issue, the price of the company's Equity Shares may be volatile, or an active trading market for its Equity Shares may not be sustained.
- Risks Relating to the Business: There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- Risks Relating to the Business: You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
- Risks Relating to the Business: The investors may not be able to sell immediately on an Indian stock exchange any of the Equity Shares they acquire in the Issue, in case of delay in receipt of Listing and Trading approval.
- Risks Relating to the Business: The company may faces potential risks if any of its Group Companies expand into business areas similar to the company in the future.
