Ashutosh Fibre IPO opens on 31-2 Sept and is a SME issue among the upcoming Indian IPOs. The company aims to raise ₹56 Cr via this future IPO in India with a price range of ₹87 to ₹92 per share.
₹10
Expected Gain: ₹102 (10.87%)
144.65x
Times Subscribed
Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.
Minimum retail investment
₹1,10,400
1200 shares at the upper band of ₹92
Fresh issue share
96.4%
₹54 Cr of the ₹56 Cr issue
Revenue growth
+2.1%
31 Mar 2025 → 31 Mar 2026
Profit growth
+88.5%
PAT ₹8.51 Cr → ₹16.04 Cr
Net profit margin
13.7%
was 7.4% in 31 Mar 2025
Debt to equity
0.92
lower is safer
Total subscription
144.65x
across all categories
GMP-implied listing gain
+10.9%
₹10 premium on a ₹92 issue price
Promoter holding
59.79% → 43.05%
diluted by 16.7 percentage points
A retail application for Ashutosh Fibre needs one lot of 1200 shares, which works out to ₹1,10,400 at the upper band of ₹92. That is close to the ₹15,000 ceiling SEBI expects for a single retail lot, so an investor applying at cut-off is committing nearly the full retail limit per application.
The issue splits into ₹54 Cr of fresh capital (96.4%) and ₹null Cr as an offer for sale. The company keeps the fresh portion for the objects of the issue, while the rest is existing shareholders monetising their stake.
Revenue moved from ₹114.97 Cr in 31 Mar 2025 to ₹117.43 Cr in 31 Mar 2026 (+2.1%), while profit after tax went from ₹8.51 Cr to ₹16.04 Cr (+88.5%). Profit grew faster than revenue, which points to operating leverage or a better cost mix rather than growth bought purely through volume.
Institutional investors have bid for 143.93x their portion against 99.16x from retail. Institutions committing ahead of retail is generally read as confidence in the pricing.
A grey market premium of ₹10 on the upper band of ₹92 implies a listing gain of roughly 10.9%. The grey market is unofficial and unregulated, the premium can change daily, and it has no bearing on allotment — treat it as a sentiment reading, not a forecast.
This analysis is generated from the figures shown on this page and is for information only. It is not investment advice — read the RHP before you apply.
| IPO Date | 31-2 Sept |
| Face Value | ₹10 Per Share |
| Price Range | ₹87 to ₹92 |
| Issue Size | ₹56 Cr |
| Lot Size | 1,200 Shares |
| Allotment Date | 3 Sep 2026 |
| Listing Date | 7 Sep 2026 |
| Registrar | Kfin Technologies Ltd. |
| Category | Allocation |
|---|---|
| Retail Investors | 35.02% |
| QIB (Qualified Institutional Buyers) | 49.96% |
| HNI (High Net Worth Individuals) | 15.02% |
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | 143.93x |
| Non Institutional | 200.85x |
| Retail Individual | 99.16x |
| Total | 144.65x |
| Total Issue Size | 61,24,800 shares (agg. up to ₹56 Cr) |
| Reserved for Market Maker | 3,07,200 shares (agg. up to ₹3 Cr)Asnani Stock Broker Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 58,17,600 shares (agg. up to ₹54 Cr) |
| Net Offered to Public | 58,17,600 shares (agg. up to ₹54 Cr) |
| Share Holding Pre Issue | 1,57,50,000 shares |
| Share Holding Post Issue | 2,18,74,800 shares |
| IPO Open | Mon, Aug 31, 2026 |
| IPO Close | Wed, Sep 2, 2026 |
| Allotment | Thu, Sep 3, 2026 |
| Refund | Fri, Sep 4, 2026 |
| Credit of Shares | Fri, Sep 4, 2026 |
| Listing | Mon, Sep 7, 2026 |
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 29,06,400 | 49.96% | 49.96% |
| − Anchor Investor | 17,43,600 | 29.97% | |
| − QIB (Ex. Anchor) | 11,62,800 | 19.99% | |
| NII (HNI) | 8,73,600 | 15.02% | 15.02% |
| − bNII > ₹10L | 5,82,000 | 10.00% | |
| − sNII < ₹10L | 2,91,600 | 5.01% | |
| Retail | 20,37,600 | 35.02% | 35.02% |
| Firm Reservations | |||
| Market Maker | 3,07,200 | 5.28% | |
| Total | 58,17,600 | 100.00% | 100.00% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,400 | ₹2,20,800 |
| Individual investors (IND) (Max) | 2 | 2,400 | ₹2,20,800 |
| S-HNI (Min) | 3 | 3,600 | ₹3,31,200 |
| S-HNI (Max) | 9 | 10,800 | ₹9,93,600 |
| B-HNI (Min) | 10 | 12,000 | ₹11,04,000 |
| Bid Date | Fri, Aug 28, 2026 |
| Shares Offered | 17,43,600 |
| Anchor Portion (₹ Cr.) | 16.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 3, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 2, 2026 |
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 25.80 | 104.60 | 73.01 |
| Total Income | 117.43 | 114.97 | 109.89 |
| Profit After Tax | 16.04 | 8.51 | 7.05 |
| EBITDA | 31.07 | 17.84 | 16.14 |
| NET Worth | 51.90 | 35.85 | 27.55 |
| Reserves and Surplus | 36.15 | 34.10 | 25.80 |
| Total Borrowing | 47.92 | 57.44 | 34.86 |
| Amount in ₹ Crore |
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements towards funding of new equipment and machinery | 25.51 |
| 2 | Repayment/pre-payment, in full or in part, of certain borrowings availed by Company | 20.00 |
| 3 | General Corporate Purposes | |
| Total | 45.51 |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROCE | 26.29% | 16.27% |
| Debt/Equity | 0.92 | 1.60 |
| RoNW | 30.91% | 23.73% |
| PAT Margin | 13.67% | 7.46% |
| EBITDA Margin | 26.47% | 15.64% |
| NAV | 32.95 | 204.87 |
| Price to Book Value | 2.79 | 0.45 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 10.19 | 7.33 |
| P/E (x) | 9.03 | 12.55 |
| Market Cap at Offer Price | ₹145Cr. | ₹201.25 Cr |
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 59.79% | 43.05% |
| Public | 40.21% | 56.95% |
| Total | 100% | 100% |
Incorporated in 1985, Ashutosh Fibre Limited is engaged in the manufacturing and trading of technical textile products, primarily focusing on polypropylene (PP) spun yarns used across industrial and household applications. The company operates under a business-to-business (B2B) model, supplying yarns and fabrics to industrial manufacturers, processors, and institutional buyers.
Meta Aramid and FR Viscose Yarn
Ashutosh Fibre operates across four major categories of technical textiles — Indutech, Protech, Hometech, and Mobiltech.
In the Indutech segment, the company produces polypropylene spun yarns used in filtration, geotextiles, ropes, webbings, and process industry textiles.
In the Protech segment, it manufactures yarns and fabrics with strength, flame retardancy, and heat resistance properties for use in personal protective equipment, safety apparel, and industrial thermal barriers.
The Hometech segment caters to home furnishing textiles, carpets, and home filtration media.
In the Mobiltech segment, it produces friction-resistant yarns used in automotive friction materials such as brake pads, clutch facings, and transmission components.
The company’s products serve as raw material inputs across multiple industries including filtration and pollution control, construction and infrastructure, automotive, packaging, safety and protective equipment, and home furnishing.
Its manufacturing facility is equipped with five processing lines and three yarn manufacturing technologies — Ring Spun, DREF (Friction Spun), and Open-End Spinning — capable of producing yarns in counts ranging from 2 Ne to 50 Ne, in single or multiple plies.
Ashutosh Fibre has also commissioned a 380 KW rooftop solar power system at its Petlad manufacturing unit for captive consumption, supporting cost efficiency and sustainability initiatives.
As of June 30, 2026, the company employs approximately 169 permanent employees, including skilled, semi-skilled, and unskilled personnel across its operations.
Ashutosh Fibre IPO is a SME issue among the new IPOs coming in India. The company will raise ₹56 Cr via this upcoming Indian IPO, priced at ₹87 to ₹92 per equity share.
This future IPO opens on 31-2 Sept. Stay updated with all IPOs to come this week and upcoming launches.
QIB: 49.96%, HNI: 15.02%, Retail: 35.02%
Total issue size is ₹56 Cr.
The price band is ₹87 to ₹92 per equity share.
Minimum bid is 1,200 shares.
The allotment will be finalized on 3 Sep 2026.
The IPO will list on 7 Sep 2026.
This information is for educational purposes only. Please conduct your own research and consult with financial advisors before making investment decisions. IPO investments carry market risks.

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