Aastha Spintex IPO GMP Slips On Final Day, Check Day 3 Subscription Status

Aastha Spintex's initial public offering (IPO) entered its third and final day of bidding. Its grey market premium (GMP) has weakened from the previous day. The GMP stood at Rs 4.7 on July 1, down from Rs 6.25 a day earlier, indicating a modest listing premium if the current trend holds.

Aastha Spintex IPO had opened for subscription on June 29 and will close on July 1.

Aastha Spintex IPO GMP Today

The latest GMP of Rs 4.7, against the upper price band of Rs 136 per share, indicates an estimated listing price of around Rs 140.7. This translates into an expected listing gain of about 3.46 per cent if the current premium sustains until listing.

GMPs are based on unofficial trading in unlisted shares and can change quickly with market sentiment. They offer only a broad indication of listing expectations and do not guarantee how a stock will perform on its market debut.

Aastha Spintex IPO Subscription Status: Day 3

By 1:48 PM on July 1, the Rs 170 crore public issue had been subscribed 3.58 times.

The non-institutional investor (NII) portion received the strongest response, with subscriptions of 6.42 times. Within the category, the bNII segment was booked 6.93 times, while the sNII portion was subscribed to 5.39 times.

The retail investors' quota was subscribed 1.97 times, while the qualified institutional buyers (QIB) category saw subscriptions of 1.14 times.

Overall, investors placed bids for 44.80 million shares against 12.50 million shares on offer.

Aastha Spintex IPO Details: Price Band, Objectives, Listing Date

Aastha Spintex aims to raise Rs 170 crore through a book-built public issue comprising an entirely fresh issue. There is no offer-for-sale component.

The IPO has a price band of Rs 125-136 per share, with a lot size of 110 shares. At the upper end of the price band, retail investors need a minimum investment of Rs 14,960.

The company plans to use the proceeds primarily to part-fund the acquisition of Falcon Yarns Private Limited, provide inter-corporate deposits for Falcon Yarns' working capital requirements and meet general corporate purposes.

BOI Merchant Bankers is the book-running lead manager to the issue, while Bigshare Services is the registrar.

The basis of allotment is expected to be finalised on July 2. Refunds and credits of shares to successful applicants' demat accounts are scheduled for July 3. The shares are expected to list on the NSE and BSE on July 6.

About Aastha Spintex

Founded in 2013, Aastha Spintex manufactures and trades carded, combed and compact combed cotton yarns, along with cotton bales. Its products cater to knitting and weaving applications across segments such as denim, terry towels, shirting, home textiles, socks and industrial fabrics.

The company operates a semi-automated, integrated spinning and ginning facility at Halvad in Gujarat's Morbi district. Cotton bales produced at the facility are used both for captive yarn production and for supply to other spinning companies. The company also generates and sells cotton yarn waste for use across the textile value chain.

For the nine months ended December 31, 2025, Aastha Spintex reported total income of Rs 314.02 crore and a profit after tax of Rs 17.56 crore.