Aastha Spintex IPO subscribed 4.64 times with stable demand.
Check allotment status online via Bigshare, BSE, or NSE.
Shares will list on BSE and NSE on July 6.
Aastha Spintex IPO subscribed 4.64 times with stable demand.
Check allotment status online via Bigshare, BSE, or NSE.
Shares will list on BSE and NSE on July 6.
Aastha Spintex's initial public offering (IPO) subscription window closed on July 1. The yarn manufacturer's public issue witnessed a steady response during its three-day bidding period, closing with an overall subscription of more than 4 times across all categories.
Following the closing of the bidding window, the share allotment status for the Aastha Spintex IPO is scheduled to be finalised on July 2.
Ahead of the share allotment finalisation, Aastha Spintex shares traded with a grey market premium (GMP) hovering around Rs 2 to Rs 3 per share, according to websites which monitor the demand for unlisted shares. Based on these grey market trends, shares of Aastha Spintex are expected to list at approximately Rs 139 per share next week, offering a modest premium of roughly 2.21 per cent over the upper end of the price band.
The Aastha Spintex IPO was booked 4.64 times on the final day of bidding. Retail Individual Investors (RIIs) booked their quota 2.33 times. The Non-Institutional Investors (NIIs) drove the demand for the yarn maker’s issue as it saw the highest demand, and was subscribed 7.62 times, while Qualified Institutional Buyers (QIBs) booked their quota 3.30 times.
Investors who applied for Aastha Spintex IPO can check their share allotment status directly via the official registrar, Bigshare Services’ website. Alternatively, applicants can verify their status through the official BSE and NSE portals:
Head to the official NSE tracking page for IPO bids: nseindia.com/invest/check-trades-bids-verify-ipo-bids
Check for Equity under the issue type.
Find and select Aastha Spintex from the drop-down list.
Enter your PAN and IPO application number.
Click the Submit button to retrieve your allotment status.
Go to the BSE investor application status portal using this link:
bseindia.com/investors/appli_check.aspx
Choose the Equity button.
Select Aastha Spintex from the available active issues menu.
Type in the PAN you used for applying or your application number.
Click Search to see the status of share allocation status on the screen.
Go to the official IPO allotment page for Bigshare Services: bigshareonline.com/ipo_Allotment.html
Click on any active server link and choose between Server 1, 2, or 3.
Search select Aastha Spintex from the dropdown menu.
Pick which credential to search by:
Application Number, PAN, or Beneficiary ID.
Type in the corresponding data into the text box.
Fill out the security Captcha and hit Search to view your exact share allocation.
The Gujarat-based textile and yarn manufacturer's public issue is a book-built one offering worth Rs 170.00 crore, consisting entirely of a fresh issue of 12.5 million equity shares.
The price band for the Aastha Spintex IPO was fixed between Rs 125 and Rs 136 per share. The minimum lot size for retail investors was set at 1 lot comprising 110 shares, requiring a minimum investment baseline of Rs 14,960.
The basis of allotment for Aastha Spintex IPO is scheduled to be finalised today on July 2. Subsequently, the initiation of refunds and the credit of shares to successful investors' demat accounts will take place on Friday, July 3. Aastha Spintex shares are set to make their stock market debut on both the NSE and BSE on Monday, July 6.