Ashutosh Fibre IPO
SMEAshutosh Fibre is engaged in the manufacturing and processing of recycled polyester staple fibre (RPSF) and related synthetic textile products.
Verdict: Apply for listing gains
Est. GMP
+₹56 (+61%)
Price range
₹92
Lot size
—
Issue size
—
Allotment
03 Sept
Listing
07 Sept
Review
1. Grey market premium
★★★★★The grey market premium is strong at over 60%, indicating robust listing gain potential.
2. Company financials
★★★★★Revenue and profit growth have been steady, though operating margins remain slim and sensitive to raw material price swings.
3. Subscription status
★★★★★Demand details were not publicly aggregated across all categories at close.
4. Anchor investors
★★★★★The issue did not feature a significant institutional anchor book given its SME size.
Company financials
Amount ₹ in Crores
| Period ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹109.89 | ₹100.11 | ₹7.05 | ₹73.01 |
| 2025 | ₹114.97 | ₹103.88 | ₹8.51 | ₹104.60 |
| 2026 | ₹117.43 | ₹95.87 | ₹16.04 | ₹25.80 |
Subscription
Anchor investors
| Anchor size | 16.04 Cr. |
| Shares offered | 17,43,600 Shares |
| Bidding date | August 28, 2026 |
| Lock-in ends (50%, 30 days) | Oct 3, 2026 |
| Lock-in ends (50%, 90 days) | Dec 2, 2026 |
Risks
- CyclicalVulnerable to cyclical downturns in the broader textile and synthetic fibre industries.
- FinancialWorking capital intensive business model requires high inventory and short-term debt.
- ConcentrationHigh dependence on a small group of suppliers for raw PET bottle flakes.
- OtherSME exchange listing poses inherent liquidity and trading volume risks post-listing.