TECHNICAL TEXTILE MAKER ASHUTOSH FIBRE TO LAUNCH SME IPO ON AUG 31

Ashutosh Fibre Ltd, a manufacturer of technical and synthetic yarns, will launch its initial public offering on the NSE Emerge platform from August 31 to September 2. The company has set a price band of ₹87 to ₹92 per share for the issue of up to 6.12 million equity shares. The IPO values the company at a price-to-earnings ratio of 9.03 times at the upper end of the band.