Ashutosh Fibre Ltd IPO
Status: Closed
Overview
IPO date
31 Aug 2026 to 02 Sept 2026
Face value
₹ 10 per share
Price
₹ 87 to ₹92 per share
Issue Size
6,124,800 shares
(aggregating up to ₹ 56.35 Cr)
(aggregating up to ₹ 56.35 Cr)
Allotment Date
03 Sept 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Textiles
Unlock Stock of the Month
T&C*
Strengths vs Risks of Ashutosh Fibre Ltd
Know the pros & cons
Strengths
- Diverse portfolio of specialised technical yarns catering to industrial, protective and home applications.
- Advanced spinning technologies and proprietary fibre recycling processes ensuring innovation and sustainability.
- Strong focus on stringent quality control backed by international certifications such as ISO and OEKO-TEX.
- Long-standing customer relationships across filtration, automotive, defence and protective textile industries.
- Experienced management team with proven expertise in handling high-performance fibres.
- Positioned to capture growth opportunities in the rapidly expanding technical textiles sector
Risks
- The company does not has long-term agreements for supply of the raw materials. If the company is unable to procure raw materials of the required quality and quantity, at competitive prices, its business, results of operations and financial condition may be adversely affected.
- A significant portion of its revenue comes from key customers and losing one or more of them, experiencing a decline in their financial health or business outlook, or facing a reduction in their demand for the company products could negatively impact its business, results of operations, financial condition and cash flows.
- The Company is subject to export obligations under duty exemption schemes, and any inability to comply with such obligations, adverse movements in foreign trade policy, or unfavorable external factors may adversely affect its business, financial condition, results of operations, and cash flows.
- If the technical textile yarn industry faces slowdown in growth, supply disruptions, regulatory changes, decline in demand, Commodity Price Volatility and Impact on Cost Structure, the company production costs, operating margin and overall financial condition may be materially and adversely affected.
- Dependence on exports, particularly to China and other foreign countries, exposes it to international market risks, regulatory changes, and trade-related uncertainties that could adversely affect its business and financial performance.
- The company's business is heavily dependent on the sale of para-aramid based spun yarn and 100% polypropylene spun yarn. Any reduction in the sale of these yarns, or any inability on the company part to produce and sell such yarns, or any adverse movement in the price at which the company is able to sell these yarns, may has an adverse effect on its business, results of operations, cash flows and financial condition.
- The company operates in a single business segment i.e. spinning of technical textile yarn and any adverse developments in this segment could has a material adverse effect on its business, financial condition and results of operations.
- If the company is unable to make adequate investments in manufacturing technologies and its capital-intensive production facilities at optimal efficiency, the company's competitiveness, business, results of operations and financial condition may be adversely affected.
- The Company is dependent on a limited number of customer-approved suppliers for raw material for para-aramid fibres, viscose fibres and acrylic fibres and this dependency may adversely affect its production, revenues and financial condition.
- There has been certain discrepancies/errors in filings with the Registrar of Companies (RoC) and other non-compliances under the Companies Act, which may result in penalties. Further certain documents filed by it with the RoC and certain corporate records and other documents, are not traceable. The company cannot assure you that such forms or records will be available at all or any time in the future.
- If the company is unable to secure reliable access to specialized raw materials at competitive prices, its margins, business operations and financial condition may be adversely affected.
- If the Company is unable to effectively manage its working capital cycle and inventory levels, the company's business, results of operations and financial condition may be adversely affected.
- The Company operates on a business-to-business ("B2B") model and any reduction in demand from its institutional clients, delays in repeat orders, or adverse developments in the industries the company caters to could adversely affect its business, results of operations and financial condition.
- There has been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on it or take any punitive actions against the Company in relation to the same, its business, financial condition and results of operations could be adversely affected.
- The company's business operations, expansion plans and renewable energy projects are dependent on leased premises and any adverse development relating to such lease arrangements may affect its operations.
- The company's business is dependent on its registered office and manufacturing unit, which are both operated on leased premises and the company is subject to risks relating to lease arrangements, operational disruptions, capacity utilization and concentration of operations in a single geography.
- Any under-utilization of capacity of the company's manufacturing facilities, delays in commissioning of proposed equipment and machinery, or concentration of operations at a single location may affect its business, revenues and financial performance.
- The company has experienced negative cash flows in the past. Any negative cash flows in the future would adversely affect the company's cash flow requirements, which may adversely affect its ability to operate the company's business and implement its growth plans, thereby affecting the company's financial condition.
- Failures to adequately use, maintain, protect or enforce its intellectual property rights, including the company's registered trademark for the company's logo, may expose it to infringement, imitation and legal disputes, which may adversely affect its brand recognition, goodwill and business.
- The company may be subject to industrial unrest and increased employee costs, which may adversely affect its business and results of operations.
- The company's insurance coverage could prove inadequate to satisfy potential claims or protect it from potential operational hazards and losses which may has a material adverse effect on its business, results of operations and financial condition.
- The Company is party to certain legal proceedings. Any adverse decision in such proceedings may has an adverse effect on its business, results of operations and financial condition.
- The company is subject to restrictive covenants under the company financing agreements that could limit its flexibility in managing the company's business or to use bank balance or other assets. Any defaults may adversely affect its cash flows, business, results of operations and financial condition. Further, the company's dependency on borrowings is reflected in the fact that one of the Objects of the Issue is repayment/prepayment of certain borrowings of the Company.
- The company's financing agreements impose certain restrictions on its operations and the company's failure to comply with operational and financial covenants may adversely affect its business and financial condition.
- Few of the company's Promoter/Directors have provided personal guarantees for loan facilities obtained by the Company and any failures or default by the Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as its Promoters/Directors and thereby, impact the company's business and operations.
- The company is required to fulfil export obligations under the Advance Authorisation and EPCG schemes, and any delay or shortfall in meeting such obligations may result in withdrawal of benefits and imposition of duties, interest and penalties.
- The company's high debt-equity ratio and dependence on working capital financing may adversely impact its financial flexibility and growth.
- The company's operations are concentrated in a single manufacturing facility located in Petlad, Gujarat and any disruption, slowdown, or regulatory challenge affecting this facility may materially and adversely impact its business, results of operations, financial condition and cash flows.
- Excessive attrition or loss of skilled personnel, including those engaged in the company's specialised manufacturing processes and Key Managerial Personnel, may adversely impact its operations, financial condition and results of operations.
- The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
- Any non-compliance by the Company with changes in, safety, health and environmental legislations and other applicable laws, may adversely affect its business, results of operations and financial condition.
- The company's ability to recruit and retain key management personnel, employees with technical knowledge and plant operating staff is critical to the success and stability of its business. Any inability to attract or retain such individuals could materially and adversely affect its operations, strategy and financial performance.
- Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders approval.
- The company's funding requirements and the proposed deployment of Net Proceeds has not been appraised by any bank or financial institution or any other independent agency and the company's management will have broad discretion over the use of the Net Proceeds.
- The company may not be able to successfully manage the growth of its business if the company is unable to effectively implement its strategies, including the company's proposed increase in manufacturing capacities.
- Due to a significant concentration of the company's revenue and raw material procurement in Gujarat, the company is highly exposed to regional risks and any disruption in this state may adversely affect its business, operations and financial condition.
- The Company is exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may adversely impact business, financial condition, cash flows and results of operations.
- The company has availed unsecured loans that may be recalled at any time. The Company has availed unsecured loans which are repayable on demand. Any demand from lender(s) for repayment of such unsecured loans, may adversely affect its cash flows.
- The company's Promoters and members of its Promoter Group will be able to exercise significant influence and control over it after the Issue and may have interests that are different from or conflict with those of the company other shareholders.
- The company could incur losses under its purchase orders with the company's customers or be subjected to disputes or contractual penalties as a result of delays in delivery or failures to meet product specifications or delivery schedules, which may have a material adverse effect on its business, results of operations, cash flows and financial condition.
- Any adverse change in regulations governing its products, may adversely impact the company's business prospects and results of operations.
- There is no guarantee that the company's Equity Shares will be listed on the Emerge Platform of National Stock Exchange of India Limited in a timely manner or at all.
- The Issue Price, market capitalization to total income multiple and price to earnings ratio based on the Issue Price of the Company, may not be indicative of the market price of the Equity Shares on listing or thereafter.
- The company's lenders have charge over its movable and immovable properties in respect of finance availed by it.
- There is an excessive dependence on a few lenders in respect of loan facilities obtained by the Company.
- If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report the company's financial risk.
- The weighted average cost of acquisition of Equity Shares held by the company's Promoters could be lower than the Issue Price.
- Pricing pressure from customers may affect its gross margin, profitability and ability to increase the company's prices.
- The Company has paid dividends in the past and there can be no assurance that the company will pay dividends in the future.
- The Company's future funding requirements, in the form of further issue of capital or other securities and/or loans taken by it, may turn out to be prejudicial to the interest of the shareholders depending upon the terms and conditions on which they are raised.
- The company's success depends heavily upon its Promoter, Directors, Key Managerial Personnel and Senior Management for their continuing services, strategic guidance and financial support who are also the natural person in control of the Company.
- The company has not made any alternate arrangements in order to meet its capital requirements for the Objects of the Issue.
- Ability to access capital at attractive costs depends on credit ratings. Non-availability of credit ratings or a poor rating may restrict access to capital and thereby adversely affect business, financial conditions, cash flows and results of operations.
- The requirements of being a public listed company may strain its resources and impose additional requirements.
- Any increase in interest rates would have an adverse effect on its results of operations and will expose the Company to interest rate risks.
- The company's management will have broad discretion in the utilization of the Net Proceeds, including interim deployment of the Net Proceeds and there is no assurance that the Objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment.
- The company's Promoters and Directors apart from Independent Directors does not has any prior experience of directorship in listed company.
- The company may requires further equity issuance, which will lead to dilution of equity and may affect the market price of the company's Equity Shares or additional funds through incurring debt to satisfy its capital needs, which the company may not be able to procure and any future equity offerings by it.
- The Company avails benefits under the Advance Authorisation Scheme, and any failures to comply with the conditions of the scheme may adversely affect its business and financial condition.
- Increased losses dues to fraud, employee negligence, theft or similar incidents may have an adverse impact on it.
- Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.
- The company's Equity Shares are quoted in Indian Rupees in India and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.
- Applicants to this Issue are not allowed to withdraw their Applications after the Issue Closing Date.
- The company is subject to governmental regulation and its may incur material liabilities under, or costs in order to comply with, existing or future laws and regulation and the company's failure to comply may result in enforcements, recalls and other adverse actions.
- After this Issue, the price of the company's Equity Shares may be volatile, or an active trading market for its Equity Shares may not be sustained.
- There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
- The investors may not be able to sell immediately on an Indian stock exchange any of the Equity Shares they acquire in the Issue, in case of delay in receipt of Listing and Trading approval.
- The company may faces potential risks if any of its Group Companies expand into business areas similar to the company in the future.
Ashutosh Fibre Ltd Peer Comparison
Understand the company’s industry standing
Ashutosh Fibre Ltd
RSWM Limited
Reliance Chemotex Industries Limited
Face Value
10
10
10
Standalone / Consolidated
Standalone
Standalone
Standalone
Total Income Rs. Cr.
117.3714
4553.98
362.0058
EPS-Basis
10.19
11.04
6.97
EPS-Diluted
10.19
11.04
6.97
NAV Per Share
32.95
291.21
189.23
P/E-Basic EPS
---
18.55
16.09
P/E-Diluted EPS
---
---
---
RONW(%)
30.91
3.79
3.69
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 31 Aug 2026 & closes on 02 Sept 2026.
Ashutosh Fibre Limited was originally incorporated on May 21, 1985 as 'Ashutosh Fibre Private Limited' at Ahmedabad, Gujarat, by Registrar of Companies. Company was converted from a private limited company to public limited company and the name was changed to 'Ashutosh Fibre Limited' and a fresh certificate of incorporation dated April 21, 2025 was issued to Company by the Central Processing Centre.
In 1995, the ownership of the Company was transferred to the family of Company's current promoter through a transfer of shares. Initially, the Company was engaged in both manufacturing and trading activities. Trading existed into the business until FY 2006-07; however, over time, manufacturing emerged as the key primary area.
In 2010, Abhishek Rajendrakumar Agarwal, joined the Company through a transfer of shares and contributed to further development and expansion of the Company's manufacturing capabilities. Currently, the business is managed by promoters, Siddharth Prakash Patel and Abhishek Rajendrakumar Agarwal. Under their leadership, the Company scaled its operations and established a manufacturing facility in Petlad, Gujarat, specializing in the production of various technical and synthetic yarns.
These product range includes specialised yarns such as para-aramid yarn (high strength and heat resistance), meta-aramid yarn (flame retardancy), modacrylic-blended yarns (thermal stability and flame resistance), peroxidised PAN yarn (heat insulation), antistatic polypropylene yarn (to reduce static build-up in sensitive environments), FR Viscose blends (protective fabrics) and DREF-spun yarns with glass filament cores or aramid sheaths (industrial and protective uses). These products are manufactured either as part of the own product range or on a job work basis, depending on client requirements.
Technical textiles products are specifically designed to deliver functional and performance-based characteristics. These are engineered to meet defined technical requirements such as high tensile strength, thermal resistance, chemical stability, durability, lightweight, moisture management and more depending on their end-use application. They are widely used across various industrial, protective and specialized sectors where functional performance is the primary consideration.
Company is planning the initial public offer of 70,00,000 equity shares of face value Rs 10 each, through Fresh Issue.
Ashutosh Fibre Ltd IPO will close on 02 Sept 2026.
- Diverse portfolio of specialised technical yarns catering to industrial, protective and home applications.
- Advanced spinning technologies and proprietary fibre recycling processes ensuring innovation and sustainability.
- Strong focus on stringent quality control backed by international certifications such as ISO and OEKO-TEX.
- Long-standing customer relationships across filtration, automotive, defence and protective textile industries.
- Experienced management team with proven expertise in handling high-performance fibres.
- Positioned to capture growth opportunities in the rapidly expanding technical textiles sector
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Siddharth Prakash Patel | 1271700 | 8.07 | 1271700 | 5.81 |
| 2 | Abhishek Rajendrakumar Agarwal | 2340000 | 14.86 | 2340000 | 10.7 |
| 3 | Prahash Fin-Stock Private Limi | 2745900 | 17.43 | 2745900 | 12.55 |
| 4 | Shree Bajrangbali Intermediate | 1530000 | 9.71 | 1530000 | 6.99 |
| 5 | R.K. Agarwal Trading Company P | 1530000 | 9.71 | 1530000 | 6.99 |
- The company does not has long-term agreements for supply of the raw materials. If the company is unable to procure raw materials of the required quality and quantity, at competitive prices, its business, results of operations and financial condition may be adversely affected.
- A significant portion of its revenue comes from key customers and losing one or more of them, experiencing a decline in their financial health or business outlook, or facing a reduction in their demand for the company products could negatively impact its business, results of operations, financial condition and cash flows.
- The Company is subject to export obligations under duty exemption schemes, and any inability to comply with such obligations, adverse movements in foreign trade policy, or unfavorable external factors may adversely affect its business, financial condition, results of operations, and cash flows.
- If the technical textile yarn industry faces slowdown in growth, supply disruptions, regulatory changes, decline in demand, Commodity Price Volatility and Impact on Cost Structure, the company production costs, operating margin and overall financial condition may be materially and adversely affected.
- Dependence on exports, particularly to China and other foreign countries, exposes it to international market risks, regulatory changes, and trade-related uncertainties that could adversely affect its business and financial performance.
- The company's business is heavily dependent on the sale of para-aramid based spun yarn and 100% polypropylene spun yarn. Any reduction in the sale of these yarns, or any inability on the company part to produce and sell such yarns, or any adverse movement in the price at which the company is able to sell these yarns, may has an adverse effect on its business, results of operations, cash flows and financial condition.
- The company operates in a single business segment i.e. spinning of technical textile yarn and any adverse developments in this segment could has a material adverse effect on its business, financial condition and results of operations.
- If the company is unable to make adequate investments in manufacturing technologies and its capital-intensive production facilities at optimal efficiency, the company's competitiveness, business, results of operations and financial condition may be adversely affected.
- The Company is dependent on a limited number of customer-approved suppliers for raw material for para-aramid fibres, viscose fibres and acrylic fibres and this dependency may adversely affect its production, revenues and financial condition.
- There has been certain discrepancies/errors in filings with the Registrar of Companies (RoC) and other non-compliances under the Companies Act, which may result in penalties. Further certain documents filed by it with the RoC and certain corporate records and other documents, are not traceable. The company cannot assure you that such forms or records will be available at all or any time in the future.
- If the company is unable to secure reliable access to specialized raw materials at competitive prices, its margins, business operations and financial condition may be adversely affected.
- If the Company is unable to effectively manage its working capital cycle and inventory levels, the company's business, results of operations and financial condition may be adversely affected.
- The Company operates on a business-to-business ("B2B") model and any reduction in demand from its institutional clients, delays in repeat orders, or adverse developments in the industries the company caters to could adversely affect its business, results of operations and financial condition.
- There has been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on it or take any punitive actions against the Company in relation to the same, its business, financial condition and results of operations could be adversely affected.
- The company's business operations, expansion plans and renewable energy projects are dependent on leased premises and any adverse development relating to such lease arrangements may affect its operations.
- The company's business is dependent on its registered office and manufacturing unit, which are both operated on leased premises and the company is subject to risks relating to lease arrangements, operational disruptions, capacity utilization and concentration of operations in a single geography.
- Any under-utilization of capacity of the company's manufacturing facilities, delays in commissioning of proposed equipment and machinery, or concentration of operations at a single location may affect its business, revenues and financial performance.
- The company has experienced negative cash flows in the past. Any negative cash flows in the future would adversely affect the company's cash flow requirements, which may adversely affect its ability to operate the company's business and implement its growth plans, thereby affecting the company's financial condition.
- Failures to adequately use, maintain, protect or enforce its intellectual property rights, including the company's registered trademark for the company's logo, may expose it to infringement, imitation and legal disputes, which may adversely affect its brand recognition, goodwill and business.
- The company may be subject to industrial unrest and increased employee costs, which may adversely affect its business and results of operations.
- The company's insurance coverage could prove inadequate to satisfy potential claims or protect it from potential operational hazards and losses which may has a material adverse effect on its business, results of operations and financial condition.
- The Company is party to certain legal proceedings. Any adverse decision in such proceedings may has an adverse effect on its business, results of operations and financial condition.
- The company is subject to restrictive covenants under the company financing agreements that could limit its flexibility in managing the company's business or to use bank balance or other assets. Any defaults may adversely affect its cash flows, business, results of operations and financial condition. Further, the company's dependency on borrowings is reflected in the fact that one of the Objects of the Issue is repayment/prepayment of certain borrowings of the Company.
- The company's financing agreements impose certain restrictions on its operations and the company's failure to comply with operational and financial covenants may adversely affect its business and financial condition.
- Few of the company's Promoter/Directors have provided personal guarantees for loan facilities obtained by the Company and any failures or default by the Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as its Promoters/Directors and thereby, impact the company's business and operations.
- The company is required to fulfil export obligations under the Advance Authorisation and EPCG schemes, and any delay or shortfall in meeting such obligations may result in withdrawal of benefits and imposition of duties, interest and penalties.
- The company's high debt-equity ratio and dependence on working capital financing may adversely impact its financial flexibility and growth.
- The company's operations are concentrated in a single manufacturing facility located in Petlad, Gujarat and any disruption, slowdown, or regulatory challenge affecting this facility may materially and adversely impact its business, results of operations, financial condition and cash flows.
- Excessive attrition or loss of skilled personnel, including those engaged in the company's specialised manufacturing processes and Key Managerial Personnel, may adversely impact its operations, financial condition and results of operations.
- The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
- Any non-compliance by the Company with changes in, safety, health and environmental legislations and other applicable laws, may adversely affect its business, results of operations and financial condition.
- The company's ability to recruit and retain key management personnel, employees with technical knowledge and plant operating staff is critical to the success and stability of its business. Any inability to attract or retain such individuals could materially and adversely affect its operations, strategy and financial performance.
- Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders approval.
- The company's funding requirements and the proposed deployment of Net Proceeds has not been appraised by any bank or financial institution or any other independent agency and the company's management will have broad discretion over the use of the Net Proceeds.
- The company may not be able to successfully manage the growth of its business if the company is unable to effectively implement its strategies, including the company's proposed increase in manufacturing capacities.
- Due to a significant concentration of the company's revenue and raw material procurement in Gujarat, the company is highly exposed to regional risks and any disruption in this state may adversely affect its business, operations and financial condition.
- The Company is exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may adversely impact business, financial condition, cash flows and results of operations.
- The company has availed unsecured loans that may be recalled at any time. The Company has availed unsecured loans which are repayable on demand. Any demand from lender(s) for repayment of such unsecured loans, may adversely affect its cash flows.
- The company's Promoters and members of its Promoter Group will be able to exercise significant influence and control over it after the Issue and may have interests that are different from or conflict with those of the company other shareholders.
- The company could incur losses under its purchase orders with the company's customers or be subjected to disputes or contractual penalties as a result of delays in delivery or failures to meet product specifications or delivery schedules, which may have a material adverse effect on its business, results of operations, cash flows and financial condition.
- Any adverse change in regulations governing its products, may adversely impact the company's business prospects and results of operations.
- There is no guarantee that the company's Equity Shares will be listed on the Emerge Platform of National Stock Exchange of India Limited in a timely manner or at all.
- The Issue Price, market capitalization to total income multiple and price to earnings ratio based on the Issue Price of the Company, may not be indicative of the market price of the Equity Shares on listing or thereafter.
- The company's lenders have charge over its movable and immovable properties in respect of finance availed by it.
- There is an excessive dependence on a few lenders in respect of loan facilities obtained by the Company.
- If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report the company's financial risk.
- The weighted average cost of acquisition of Equity Shares held by the company's Promoters could be lower than the Issue Price.
- Pricing pressure from customers may affect its gross margin, profitability and ability to increase the company's prices.
- The Company has paid dividends in the past and there can be no assurance that the company will pay dividends in the future.
- The Company's future funding requirements, in the form of further issue of capital or other securities and/or loans taken by it, may turn out to be prejudicial to the interest of the shareholders depending upon the terms and conditions on which they are raised.
- The company's success depends heavily upon its Promoter, Directors, Key Managerial Personnel and Senior Management for their continuing services, strategic guidance and financial support who are also the natural person in control of the Company.
- The company has not made any alternate arrangements in order to meet its capital requirements for the Objects of the Issue.
- Ability to access capital at attractive costs depends on credit ratings. Non-availability of credit ratings or a poor rating may restrict access to capital and thereby adversely affect business, financial conditions, cash flows and results of operations.
- The requirements of being a public listed company may strain its resources and impose additional requirements.
- Any increase in interest rates would have an adverse effect on its results of operations and will expose the Company to interest rate risks.
- The company's management will have broad discretion in the utilization of the Net Proceeds, including interim deployment of the Net Proceeds and there is no assurance that the Objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment.
- The company's Promoters and Directors apart from Independent Directors does not has any prior experience of directorship in listed company.
- The company may requires further equity issuance, which will lead to dilution of equity and may affect the market price of the company's Equity Shares or additional funds through incurring debt to satisfy its capital needs, which the company may not be able to procure and any future equity offerings by it.
- The Company avails benefits under the Advance Authorisation Scheme, and any failures to comply with the conditions of the scheme may adversely affect its business and financial condition.
- Increased losses dues to fraud, employee negligence, theft or similar incidents may have an adverse impact on it.
- Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.
- The company's Equity Shares are quoted in Indian Rupees in India and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.
- Applicants to this Issue are not allowed to withdraw their Applications after the Issue Closing Date.
- The company is subject to governmental regulation and its may incur material liabilities under, or costs in order to comply with, existing or future laws and regulation and the company's failure to comply may result in enforcements, recalls and other adverse actions.
- After this Issue, the price of the company's Equity Shares may be volatile, or an active trading market for its Equity Shares may not be sustained.
- There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
- The investors may not be able to sell immediately on an Indian stock exchange any of the Equity Shares they acquire in the Issue, in case of delay in receipt of Listing and Trading approval.
- The company may faces potential risks if any of its Group Companies expand into business areas similar to the company in the future.
The Issue type of Ashutosh Fibre Ltd is Book Building - SME.
The minimum application for shares of Ashutosh Fibre Ltd is 2400.
The total shares issue of Ashutosh Fibre Ltd is 6124800.
Initial public issue of 61,24,800 equity shares of face value of Rs.10/- each ("Equity Shares") of Ashutosh Fibre Limited ("The Company" or "Company" or "The Issuer") for cash at a price of Rs.92 per equity share ("Issue Price") aggregating to Rs. 56.35 Crore comprising of fresh issue of 61,24,800 equity shares aggregating to Rs. 56.35 ("The Issue") of which 3,07,200 equity shares aggregating to Rs. 2.83 Crore were reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Issue of 58,17,600 equity shares of face value of Rs. 10/- each at an issue price of Rs. 92 per equity share aggregating to Rs. 53.52 Crore ("Net Issue"). The issue and the net issue will constitute 28.00% and 26.60% of the post-issue paid-up equity share capital of the company.
Price Band: Rs. 92 per equity share of face value of Rs. 10/- each.
The floor price is 9.2 times the face value of the equity shares.
Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.