Ashutosh Fibre

Ashutosh Fibre Limited was incorporated in 1985 and operates in the technical textile and synthetic yarn industry through a B2B business model. The company manufactures and trades specialised yarns including polypropylene spun yarns and other technical textile products used across Indutech, Protech, Hometech and Mobiltech applications. Its products are supplied into filtration, pollution control, construction, automotive friction materials, protective equipment, packaging and home furnishing applications. The company operates a manufacturing facility at Petlad, Gujarat equipped with Ring Spun, DREF friction spinning and Open-End Spinning technologies, with capabilities across different yarn counts and configurations. It has also installed a 380 KW rooftop solar power system at the manufacturing facility for captive consumption. The promoters are Siddharth Prakash Patel, Abhishek Rajendrakumar Agarwal and Prabhas Fin-Stock Pvt. Ltd. :contentReference[oaicite:6]{index=6}

Ashutosh Fibre IPO is a book-built NSE SME issue of up to 61,24,800 equity shares at a price band of ₹87 to ₹92 per share. The issue is entirely a fresh issue and has a headline size of approximately ₹56.35 Cr, including the market-maker reservation. The company proposes to use ₹25.51 Cr for new equipment and machinery and ₹20.00 Cr for repayment or prepayment of borrowings, with the balance available for general corporate purposes. FY2026 revenue was approximately ₹117.43 Cr and PAT was ₹16.04 Cr, with an FY2026 ROCE of 26.29%, RoNW of 30.91% and Debt/Equity of 0.92. At the upper price band, the IPO implies a pre-issue P/E of about 9.03x and post-issue P/E of about 12.55x. Key strengths include specialised technical textile products, improving profitability, diversified end-use applications and existing manufacturing capabilities, while key risks include raw-material availability and pricing, debt levels and dependence on continued demand from industrial and automotive customers. :contentReference[oaicite:7]{index=7}