Aastha Spintex launches IPO to raise ₹170Cr with ₹125-₹136 band

Aastha Spintex plans Falcon Yarns acquisition

The raised funds will help Aastha Spintex buy Falcon Yarns Pvt. Ltd. and support its working capital needs.
The company's leaders say this move will boost their manufacturing game and expand their reach.
Promoter, Chairman and Managing Director Patel Divyang Jashvantbhai highlighted their push for sustainable energy and operational excellence, while Managing Director & CEO, PNB Investment Services' Mohammad Abid Siddiqui said the company is now entering a new phase of development with its proposed public issue.