Ashutosh Fibre IPO
ListedSMETextiles
133.75×
Subscribed
Price band
₹87 – ₹92
Lot size
1,200
1 lot = ₹1,10,400
Issue size
₹56.35 Cr
Open – close
31 Aug 2026
to 02 Sept 2026
Listing
07 Sept 2026
Listing gain
+52.17%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Mixed4 of 7 dimensions read
A mixed but reasonable offering — 3 positive against 1 negative signals
Strength67/100
- Priced below its peers8.5× earnings against a peer median of 18.6× — a discount to the issuer's own comparison set
- Out-earns its peersReturn on net worth of 30.9% against a peer median of 3.7%
- Slow revenue growthRevenue compounding at only 3.4%
- Profit growth outpaces salesPAT up 50.9% a year against revenue at 3.4% — check whether that is operating leverage or a one-off before extrapolating it
- Institutions bid heavilyQIB portion subscribed 143.93×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens31 Aug 2026
- Closes02 Sept 2026
- Allotment03 Sept 2026
- Listing07 Sept 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB143.93x
Non-institutionalNII / HNI200.85x
Big NIIabove ₹10L240.69x
Small NII₹2L – ₹10L121.34x
Retail individualRII99.16x
1,05,010 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 02 Sept 2026.
Chance of allotment
Retail99.16× subscribed
~1 in 99.2
Minimum 2 lots · 2,400 shares · ₹2,20,800 blocked
Retail is 99.16× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 99.2 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII200.85× subscribed
~1 in 200.9
Minimum 1 lot · 1,200 shares · ₹1,10,400 blocked
HNI is 200.85× subscribed. This category is allotted proportionately, so a bid receives roughly 1/200.9 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
Grey market premium
Unofficial dealer quotes — not published by NSE, BSE, SEBI or the company
₹56+60.9%
over the upper band · last seen 08 Sept 2026
What this number is not. Grey-market premium is an unregulated, thinly-traded quote from private dealers. It is not a forecast of the listing price, it is not verifiable, and it can be moved by the same people who benefit from it looking high. We publish it because you will look it up anyway — and we deliberately do not convert it into an expected listing gain, because that arithmetic implies a reliability the number has never earned. For what actually happened to comparable issues, see recent outcomes below.
The offering
Terms, structure and who is selling
Terms
Price band₹87 – ₹92
Face value₹10
Lot size1,200shares
Minimum application₹1,10,400at cut-off
Total issue size₹56.35 Cr
Listing atSME platform
Anchor investorsAllotted
Company & valuation
P/E at upper band8.54×
EPS₹7.64pre-issue
NAV per share₹32.95
ROCE26.29%
Debt/Equity0.92
RoNW30.91%
PAT Margin13.67%
EBITDA Margin26.47%
NAV32.95
Price to Book Value2.79
ISININE19FR01012
RegistrarKARVY
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 29,06,400 | 47.45% |
| Anchor Investor | 17,43,600 | 28.47% |
| QIB (Ex. Anchor) | 11,62,800 | 18.99% |
| NII (HNI) | 8,73,600 | 14.26% |
| bNII > ₹10L | 5,82,000 | 9.50% |
| sNII < ₹10L | 2,91,600 | 4.76% |
| Retail | 20,37,600 | 33.27% |
| Market Maker | 3,07,200 | 5.02% |
Total issue 61,24,800 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,20,8002 lots · 2,400 sh
Individual investors (IND) (Max)₹2,20,8002 lots · 2,400 sh
S-HNI (Min)₹3,31,2003 lots · 3,600 sh
S-HNI (Max)₹9,93,6009 lots · 10,800 sh
B-HNI (Min)₹11,04,00010 lots · 12,000 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
Anchor book
Shares allotted17,43,600
Anchor portion₹16.04 Cr
Bid date28 Aug 2026
Lock-in ends (50%)03 Oct 2026
Lock-in ends (rest)02 Dec 2026
Anchors are institutional money placed a day before bidding opens, against a lock-in. Those two dates are when that stock can first be sold — a supply event worth knowing if you still hold.
What the money is for
Stated use of the net proceeds
- 01Funding capital expenditure requirements towards funding of new equipment and machinery₹25.51 Cr
- 02Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company₹20 Cr
- 03General Corporate Purpose₹2.06 Cr
Financials
Restated figures as reported in the offer document, ₹ crore
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2023-2024 | 109.872 | — | 7.049 | — | — |
| 2024-2025 | 114.034 | — | 8.509 | — | — |
| 2025-2026 | 117.371 | — | 16.042 | — | — |
Revenue CAGR 3.4%PAT CAGR 50.9%
How the issuer compares
The listed companies the offer document itself names as comparable.
| Company | EPS | P/E | NAV | RoNW |
|---|---|---|---|---|
| Ashutosh Fibre Limitedthis issue | 10.19 | — | 32.95 | 30.91% |
| RSWM Limited | 11.04 | 18.55 | 291.21 | 3.79% |
| Reliance Chemotex Industries Limited | 6.97 | 16.09 | 189.23 | 3.69% |
| Garware Technical Fibres Limited | 21.28 | 37.72 | 133.71 | 15.92% |
| Cedaar Textile Limited | 13.80 | — | -7138.47 | -56.16% |
Blank cells are figures the offer document does not publish. An unlisted issuer has no market price, so it has no price-based multiple until it lists — which is exactly why the comparison is against companies that already trade. The peer set is the issuer's own selection, so read it as the flattering-est comparison available rather than a neutral one.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumA significant portion of our raw materials, including para-aramid, meta-aramid, modacrylic and flame retardant (FR) viscose, are imported, creating a dependency on global suppliers and exposing us to risks relating to foreign exchange fluctuations, supply chain delays, freight cost volatility and ch
mediumWe source majority of our raw materials from our top 10 suppliers, and a significant portion is procured from a limited number of key suppliers. Any disruption in the supply of raw materials from such suppliers could adversely impact our operations if we are unable to replace them or have alternativ
mediumA significant portion of our revenue comes from key customers. For the Fiscals 2026, 2025 and 2024, our top ten customers contributed approximately 68.85%, 67.40% and 72.11% of our Revenue from operations, respectively.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
-2.2%
Listed up
1 of 8
Best
+0.4%
Papadmalji Agro Foods Limited
Worst
-17.5%
Himalayan Solar
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Green Asia Impexsame segment
1.0× sub+0.0%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Dudani Retailsame segment
1.4× sub-13.8%
Himalayan Solarsame segment
1.2× sub-17.5%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Ashutosh Fibre
Ashutosh Fibre is a manufacturer of technical and synthetic yarns and fabrics for industrial and specialised applications. The company operates across four categories of technical textiles: Indutech, Protech, Hometech, and Mobiltech. Its products are used in applications including filtration, construction, automotive, packaging, protective equipment, and home furnishing. The company supplies its products directly to industrial manufacturers, processors, and institutional buyers under a business-to-business (B2B) model. It also undertakes yarn trading and job work services, with manufacturing being its principal activity.
Founded 1985MD Mr Siddharth P. PatelSector Textiles
Offer documents
The primary sources everything above is drawn from
Common questions
What is the Ashutosh Fibre IPO GMP today?
The most recent grey-market premium recorded for Ashutosh Fibre is ₹56 per share — about 60.9% over the ₹92 upper band. Grey-market premium is an unofficial, unregulated quote from private dealers. It is not published by NSE, BSE, SEBI or the company, and it is not a forecast of the listing price.
How many times is the Ashutosh Fibre IPO subscribed?
Ashutosh Fibre is subscribed 133.75× overall (QIB 143.93×, NII 200.85×, retail 99.16×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, KARVY.
What is the minimum investment in the Ashutosh Fibre IPO?
One lot is 1,200 shares, so a retail application at the ₹92 cut-off price blocks ₹1,10,400. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Ashutosh Fibre IPO?
The retail portion is subscribed 99.16×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 99. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Ashutosh Fibre IPO allotment date?
Allotment is scheduled for 2026-09-03, with listing on 2026-09-07. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, KARVY.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.