Gujarat-based Asuthosh Fibre, a manufacturer and trader of technical textile products backed by well-known investor Vijay Kishanlal Kedia, successfully raised ₹16.04 crore from five anchor investors on August 28. According to reports from Moneycontrol, the company allocated 17.43 lakh shares through the anchor book at the upper end of the price band, with the IPO opening for public subscription on August 31 and closing on September 2. The company's shares are now trading on major stock exchanges with live price updates available on NSE and BSE platforms.
As reported by Moneycontrol, Nine Alps Corporate Advisors picked up 6.52 lakh shares for ₹6 crore, while Singularity Equity Fund II and Nav Capital Emerging Star Fund each bought 3.75 lakh shares for ₹3.45 crore each. Aarth AIF Growth Fund acquired 2.3 lakh shares valued at ₹2.11 crore, and Vira Bharat Opportunities Fund picked up 1.09 lakh shares for ₹1 crore. The price band for the offer has been fixed at ₹87–92 per share.
According to reports from Moneycontrol, the company is looking to raise ₹56.34 crore through an initial public offering of 61.24 lakh shares, comprising entirely a fresh issue. The yarn and fabric manufacturer and trader will utilize ₹25.5 crore of the net offer proceeds to fund new equipment and machinery, ₹20 crore for debt repayment, and the remaining proceeds for general corporate purposes. Mefcom Capital Markets has been appointed as the merchant banker for managing the IPO.
As reported by Moneycontrol, on the financial front, Asuthosh Fibre reported a profit of ₹16.04 crore for the financial year ended March 2026, representing an 88.5 percent increase from ₹8.5 crore in the previous year. Revenue during the same period increased 2.9 percent to ₹117.37 crore from ₹114 crore. Promoters hold a 59.79 percent stake in the company on a pre-offer paid-up equity basis, while the remaining shares are held by public shareholders, including Vijay Kishanlal Kedia, who held a 6.57 percent stake.
