Vijay Kedia Backs Ashutosh Fibre: Newly Listed Stock Crosses ₹130 Mark

Shares of Gujarat-based technical and synthetic yarn manufacturer Ashutosh Fibre closed at ₹130.10 on the National Stock Exchange (NSE) on Thursday. The stock made its market debut earlier this year on September 7, drawing market attention due to substantial backing from veteran investor Vijay Kedia, who holds over 1 million shares in the firm.

Ashutosh Fibre specializes in manufacturing specialized yarns utilized across diverse industrial applications, including filtration media, flame-retardant workwear, personal protective equipment (PPE) kits, automotive seat fabrics, and carpets.

Key Financial & Shareholding Highlights

Vijay Kedia’s Pre-IPO Investment

Ace investor Vijay Kedia entered Ashutosh Fibre prior to its public listing rather than through open-market transactions.

• Stake Evolution: Before the IPO, Kedia held a 6.57% stake in the company.
• Dilution: Following the fresh issuance of 61.25 lakh equity shares during the public offer, his holding diluted to 4.73%.
• Current Holding: Shareholding filings for the September 2026 quarter confirm that Kedia continues to hold 10,35,000 equity shares.

IPO Demand and Subscription Metrics

The ₹56-crore public offering, open from August 31 to September 2, 2026, witnessed intense demand across all investor categories, achieving an overall subscription of 124.44 times:

• Non-Institutional Investors (NII): 267.47 times
• Retail Individual Investors (RII): 131.77 times
• Qualified Institutional Buyers (QIB): 76.40 times

The stock listed at a premium of over 52% at ₹140 on September 7, settling at ₹147 on its opening day before consolidating around the current ₹130 level.

Revenue Growth and Export Footprint

Exports contributed nearly 39% of Ashutosh Fibre’s total revenue in FY26, with China remaining the company’s largest international market.

The company’s financial trajectory shows steady top-line expansion alongside substantial margin improvement:

• FY26: Total revenue reached ₹117.43 crore, with profit after tax (PAT) climbing to ₹16.04 crore.
• FY25: Total income stood at ₹114.97 crore, with a net profit of ₹8.51 crore.
• FY24: Total revenue was ₹109.89 crore, generating a net profit of ₹7.05 crore.