Ashutosh Fibre IPO
Listed +52.2%31 Aug – 2 Sep 2026
Our IPO analysis
What stands out in the offer document
The five questions
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1How it makes money₹38 of every ₹100 of sales comes from its "Protech (Manufactured)" segment.
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2Is it growing, and is profit turning into cash?Sales rose 7% from 2023-2024 to 2025-2026 (₹110 cr → ₹117 cr). Over 3 years it made ₹31.6 cr of profit and brought in ₹38.3 cr of cash from operations.
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3How much cushion does it have?It owes ₹0.92 for every ₹1 of its own money. The line for manufacturing is ₹2.
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4What you pay, and who gets the moneyAll the money raised goes to the company. At ₹92 you pay about ₹9.03 for every ₹1 of last year's profit. The listed peers the document names: ₹19 (middle of 3).
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5Who controls it, and what is on record?Promoters own 60% now and 43% after the IPO. The document discloses 3 legal matters.
What the document doesn't lead with
Each line pairs what the document leads with and what it also prints, with both pages.
Every check we run on an offer document, and how often each one fires →
Ashutosh Fibre GMP history
| When | GMP | Trackers |
|---|---|---|
| 6 Sept, 06:00 IST | ₹32 (+34.8%) | 1 |
| 6 Sept, 02:23 IST | ₹32 (+34.8%) | 1 |
| 5 Sept, 22:34 IST | ₹32 (+34.8%) | 1 |
| 5 Sept, 19:11 IST | ₹32 (+34.8%) | 1 |
| 5 Sept, 14:07 IST | ₹32 (+34.8%) | 1 |
| 5 Sept, 12:50 IST | ₹32 (+34.8%) | 1 |
| 5 Sept, 06:03 IST | ₹32 (+34.8%) | 1 |
| 5 Sept, 02:41 IST | ₹32 (+34.8%) | 1 |
| 4 Sept, 23:29 IST | ₹32 (+34.8%) | 1 |
| 4 Sept, 20:14 IST | ₹30 (+32.6%) | 1 |
| 4 Sept, 14:39 IST | ₹16 (+17.4%) | 1 |
| 4 Sept, 13:14 IST | ₹16 (+17.4%) | 1 |
Showing the latest 12 of 30 readings.
Grey-market premium is unregulated and self-reported: a sentiment read, not a promise. Today's GMP for every IPO · How often GMP has been right
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Latest update:
Listed at ₹140 vs ₹92 issue price (+52.2%) · Day-one close ₹147 · GMP before listing +34.8% implied, 17.4 pp below the actual open · Subscribed 133.82× (QIB 143.9× · NII 201.2× · Retail 99.2×) · Price band ₹87–₹92 · Closed 2 Sep 2026 · Listed 7 Sep 2026 (Confirmed)
How it actually listed
₹140 on open, against a ₹92 issue price +52.2%
It ended its first day at ₹147 (+59.8% against the issue price), per the NSE's price archive.
Before it listed, the grey market implied +34.8%. The shares opened 17.4 pp above what that implied. It pointed the right way on whether they would open above the issue price. GMP is unregulated and self-reported.
What Ashutosh Fibre does
Ashutosh Fibre Limited is engaged in the manufacturing of technical textile yarns. The company operates in four categories of technical textiles: Indutech, Protech, Hometech, and Mobiltech, supplying yarns and fabrics directly to industrial manufacturers, processors, and institutional buyers.
Ashutosh Fibre financials
Rs crore · Annual| 2023-2024 | 2024-2025 | 2025-2026 | ||
|---|---|---|---|---|
| Sales | 110 | 114 | 117 | |
| Operating Profit | 16 | 18 | 31 | |
| OPM % | 14.7% | 15.6% | 26.5% | |
| Net Profit | 7 | 9 | 16 | |
| Total Debt | 35 | 57 | 48 |
Ashutosh Fibre IPO offer structure
Fresh issue: ₹56 cr
The fresh issue alone, not the total raise: the document we read does not state the offer-for-sale part.
Size and split come from a public aggregator rather than the exchange, cross-checked against a second.
Use of proceeds- Funding capital expenditure requirements towards funding of new equipment and machinery: ₹26 cr
- Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company: ₹20 cr
- General Corporate Purpose
Ashutosh Fibre promoters and holding
- Siddharth Prakash Patel: Managing Director and Chairman
- Abhishek Rajendrakumar Agarwal: Whole-time Director
- Prahash Fin-Stock Private Limited: Corporate Promoter
Ashutosh Fibre risks and strengths
- We do not have long-term agreements for supply of our raw materials. (p.25)
- A significant portion of our revenue comes from key customers and losing one or more of them could negatively impact our business. (p.26)
- Our Company is subject to export obligations under duty exemption schemes, and any inability to comply may adversely affect our business. (p.26)
Ashutosh Fibre peer comparison: DRHP median P/E 18.6x
DRHP data only| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| RSWM Limited | — | 18.6x | — | — | DRHP |
| Reliance Chemotex Industries Limited | — | 16.1x | — | — | DRHP |
| Garware Technical Fibres Limited | — | 37.7x | — | — | DRHP |
| Cedaar Textile Limited | — | — | — | — | DRHP |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Ashutosh Fibre market and competition
Our Company has developed a presence in the polypropylene yarn segment in India, supported by its production capabilities and customer relationships. The company has evolved into India’s largest manufacturer of polypropylene spun yarns and a pioneer in filtering and technical textile solutions.
Ashutosh Fibre outlook, as the document states it
Future plans include enhancing capacity and capabilities in the Indutech and Protech segments, where demand for high-performance and application-specific textile materials is growing across industries such as chemicals, pharmaceuticals, safety equipment manufacturing and industrial filtration.
Ashutosh Fibre IPO: common questions
What was the Ashutosh Fibre IPO listing price?
The Ashutosh Fibre IPO listed at ₹140, 52.2% above its issue price of ₹92. Before listing, the grey-market premium had implied +34.8%, so the grey market was 17.4 points too low. The listing price is the opening price set by the pre-open call auction on listing day, as reported by the exchange. Listing price vs GMP for every recent IPO →
When does the Ashutosh Fibre IPO open and close?
The Ashutosh Fibre IPO opened for bidding on 31 Aug 2026 and closed on 2 Sep 2026. Under the T+3 timetable the basis of allotment is fixed on the working day after the close, refunds and demat credits follow a day later, and the shares list on the third working day after the close. Open, allotment and listing dates for every IPO →
What is the Ashutosh Fibre IPO price band?
The Ashutosh Fibre IPO price band is ₹87–₹92 per share. You can bid at any price inside the band, and a retail investor can bid at cut-off, which accepts the final issue price, usually the top of the band. The minimum investment is always worked out at that upper end. How book building sets the price →
What is the lot size and minimum investment for the Ashutosh Fibre IPO?
One lot is 1200 shares, and a retail application must be at least one lot. That is about ₹2,20,800 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category. Lot size and minimum investment, explained →
How much is the Ashutosh Fibre IPO subscribed?
The Ashutosh Fibre IPO closed on 2 Sep 2026 subscribed 133.82× in total, the final figure: investors bid for that many times the shares on offer. Each category (QIB, NII and retail) is counted separately, and when retail is oversubscribed its allotment is decided by a lottery for one lot each. What "subscribed 3x" means →
When does the Ashutosh Fibre IPO list?
The Ashutosh Fibre IPO listed on 7 Sep 2026 on NSE Emerge. On listing day the shares go through a pre-open call auction from 9 to 10 am that sets the opening price, and normal trading starts at 10 am. Allotted shares reach demat accounts the working day before. Every SME IPO in one place →
How do I check the Ashutosh Fibre IPO allotment status?
On the allotment status page published by KFin Technologies, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. Allotment status links for every recent IPO →
Ashutosh Fibre IPO allotment status
Listed 7 Sep 2026. Allotment is decided and published by the registrar, not by us. This issue's registrar is KFin Technologies.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →
Check it at the source: The offer document · KFin Technologies (registrar) · NSE issues · SEBI offer documents
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Source: Ashutosh Fibre IPO data, IPO agent by Kredfit, updated 14 Oct 2026. https://ipoagent.kredfit.com/ipo/ashutosh-fibre-limited-2192.htmlSource: <a href="https://ipoagent.kredfit.com/ipo/ashutosh-fibre-limited-2192.html">Ashutosh Fibre IPO data – IPO agent by Kredfit</a> (updated 14 Oct 2026)