Aastha Spintex IPO: You're buying a deal, not yarn!

Aastha Spintex is raising ₹170 crore — but 71% of it isn't going into its own factory. It's going to buy Falcon Yarns, another Gujarat cotton spinner, in a deal that's still two years from fully closing. We break down what you're really paying for: improved margins and a lower valuation than peers, or an unfinished acquisition with real integration risk. Single-plant dependency, unhedged cotton prices, a shrinking promoter stake — all in the fine print, only on Before You Bid.