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Listed
Garments & Apparels
Aastha Spintex Limited IPO
₹170 Cr · Fresh Issue · Garments & Apparels
Price Band
₹125 – ₹136
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹170 Cr
Fresh Issue
Market Cap
₹600.33 Cr
At upper band
P/E Ratio
26.2x
P/S: 1.7x
Listing Date
06 Jul 2026
BSE & NSE
IPO Timeline
✓
Opens
29 Jun 2026
✓
Closes
01 Jul 2026
✓
Allotment
2 Jul 2026
✓
Refund
3 Jul 2026
✓
Listing
06 Jul 2026
IPO India Hub Recommendation: Subscribe
The company, Aastha Spintex, is a strong player in the garment industry with good financials. However, investors should be aware of the high P/E ratio of 26.2x, which might indicate the stock is overvalued.
Our Analysis — Key Points
✓ Strength
Strong Financial Performance
The company reported a net profit of ₹22.92 Cr for the latest financial year. This demonstrates consistent profitability, which is a key indicator of a healthy business.
✓ Strength
Experienced Promoters
The promoters, including Patel Divyang Jashwantbhai and Rasiklal Valjibhai Patel, bring a wealth of experience to the company. This leadership can be crucial for navigating market challenges and driving growth.
⚠ Risk
High Valuation Concerns
The P/E ratio of 26.2x is relatively high, suggesting that the market may have high expectations for future growth. This could be a risk if the company does not meet these expectations.
$ Valuation
Valuation Metrics
The P/E ratio of 26.2x is on the higher side, which might make the stock seem expensive. However, the P/S ratio of 1.7x is reasonable, indicating that the company's valuation is not overly expensive when compared to revenue.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Aastha Spintex Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹351.16 Cr
Net Profit
₹22.92 Cr
Industry
Garments & Apparels
Issue Type
Fresh Issue
Promoters
PATEL DIVYANG JASHWANTBHAI, RASIKLAL VALJIBHAI PATEL, GOTHI VIVEK RASIKLAL, AND JASHWANTBHAI VALJIBHAI PATEL
Lead Managers
BOI Merchant Bankers and PNB INVESTMENT SERVICE
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