Aastha Spintex Limited

Aastha Spintex Limited, incorporated in 2013, is a Gujarat based textile manufacturer that produces and trades cotton yarn and cotton bales. Its yarn range spans carded, combed and compact combed varieties, which it supplies to knitting and weaving units. The cotton bales it gins are partly consumed in house to feed its own spinning lines and partly sold to other spinning mills. The company runs a semi automated, vertically integrated ginning and spinning unit at Halvad in the Morbi belt of Gujarat, giving it control over the process from raw cotton through to finished yarn at a single location. Its installed base is around 25,920 spindles, with an annual capacity of roughly 7,700 metric tonnes of cotton yarn and about 12,000 metric tonnes of cotton bales. The yarn feeds a broad set of downstream products, including denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles and industrial fabrics. Revenue and profit have both climbed over the reported periods, with net profit rising sharply after fiscal 2023 as the business scaled. A large part of the IPO proceeds is earmarked for acquiring Falcon Yarns Private Limited, a step the company expects to lift total spinning capacity from about 7,700 tonnes to roughly 17,457 tonnes a year. Sales outside Gujarat and into export markets have historically been routed largely through a single reseller, and the group also carries out related party transactions in the ordinary course of business.