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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Purchase of Technical Textile Machinery and Equipment
Funding capital expenditure requirements towards the acquisition of new machinery to expand technical yarn manufacturing capacity.
Repayment and Prepayment of Outstanding Borrowings
Full or partial repayment and prepayment of credit facilities availed from financial institutions to reduce debt service obligations.
General Corporate Purposes
Allocated towards general corporate requirements and issue expenses to support ongoing operational needs.
(₹ in Crore)
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Ashutosh Fibre Limited is an Indian technical textiles enterprise headquartered in Ahmedabad, Gujarat. Operating from its manufacturing facilities in Petlad, Gujarat, the business specializes in engineering and spinning high-performance synthetic yarns. Its core technology suite encompasses Ring Spun, DREF Friction Spun, and Open-End spinning processes, enabling the production of technical yarns such as Para-Aramid, Meta-Aramid, and Modacrylic-blended yarns designed for demanding industrial environments. The commercial operations of the enterprise span four key technical textile segments: Indutech for heavy industrial applications, Protech for heat and flame-resistant personal protective apparel, Hometech for household furnishings, and Mobiltech for automotive component reinforcement. To support sustainable operations, the company operates an integrated 380 kW rooftop solar photovoltaic system at its primary plant to offset energy costs and reduce its carbon footprint. With over four decades of operational legacy in textile processing and fifteen years dedicated to specialized technical fiber spinning, the company serves an established client base across domestic and export markets. Its manufacturing setup integrates quality control laboratories and flexible batch production capabilities to meet specialized client requirements.
Ashutosh Fibre Limited successfully raised Rs 16.04 crore from anchor investors on August 28, 2026, allocating 17,43,600 equity shares at Rs 92 per share. Key participants included Nine Alps, Singularity, and Nav Capital.
Source: RHP • Analysis provided for informational purposes
Last Updated: 7 September 2026, 2:54 AM
Established Technical Textiles Producer
With extensive domain experience in textile processing and synthetic yarn engineering, the company maintains strong operational capabilities in specialized technical fibers.
Diversified Segment Presence
Revenue is generated across four distinct technical textile verticals, offering resilience against demand fluctuations in any single industrial end-market.
Flexible Manufacturing Infrastructure
Utilizing Ring Spun, DREF, and Open-End spinning lines alongside rooftop solar power generation, the manufacturing plant operates with energy cost efficiency and high operational flexibility.
Raw Material Volatility
Fluctuations in the prices of specialized synthetic polymers and aramid fibers can impact gross profit margins if input costs cannot be fully passed to customers.
Working Capital Demands
The manufacturing model requires significant capital tied up in specialized inventory and extended customer credit cycles.
Customer Concentration
A substantial proportion of revenue is generated from a selective group of industrial B2B clients, making operations sensitive to contract renewals.
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