Aastha Spintex Ltd

Incorporated in 2013, Aastha Spintex Ltd. is engaged in the business of manufacturing and trading of carded, combed and compact combed cotton yarns and cotton bales.The company's cotton bales are utilized both for captive production of cotton yarns and for supply to other spinning units and the cotton yarns produced are used in both knitting and weaving applications, catering to a wide spectrum of end-use segments and products including denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics.The company have a semi-automated and integrated spinning and ginning Manufacturing Facility situated at Halvad, Morbi, Gujarat.Product:Cotton Bales: Cotton bales are compressed, packaged bundles of ginned cotton, produced after the raw cotton undergoes ginning to separate the lint from the seeds and other impurities.Other Products: Cotton yarn waste arises during spinning and postprocessing but is effectively reused within the textile ecosystem. Cotton yarn waste is an inevitable byproduct of the yarn manufacturing process, arising from pre-processing, spinning, and post-processing stages.Competitive Strengths:Fully integrated cotton spinning infrastructure with modern technologies to support our product portfolio.Long standing relationship with key customers.Strategically located manufacturing facility with adequate storage facility and scope for future expansion.Strong Renewable Energy Infrastructure Enabling Sustainable and Cost-Efficient Manufacturing.Delivering Strong financials and operating metrics.Strong Promoters and Experienced Management Team. 

Aastha Spintex Ltd proposes to utilise the net proceeds from the Issue for the following objects: