Summary of this article
Aastha Spintex IPO fully subscribed on its second day.
Grey market premium hints at a modest listing debut.
The issue price band is Rs 125 to 136.
The subscription window of Aastha Spintex's initial public offering (IPO) is set to close tomorrow, July 1. Aastha Spintex IPO was fully subscribed on the second day of subscription.
The grey market premium (GMP) for the textile manufacturer's shares hints at a tepid debut for the stock. Here are some of the key details, such as the subscription, GMP, key dates and other details related to Aastha Spintex's public issue:
Aastha Spintex IPO GMP
The grey market premium for Aastha Spintex's shares hovered around Rs 4 to Rs 5.5 per share, according to websites which monitor the demand for shares of unlisted companies. Aastha Spintex shares are expected to make a modest debut with estimated listing gains of around 4 per cent at Rs 141.5 per share, based on the upper price band of Rs 136.
Aastha Spintex IPO Subscription
On the second day of subscription, the Aastha Spintex IPO was subscribed 1.37 times across investor categories, receiving bids for 18.6 million shares compared to the 13.60 million shares on offer.
Qualified institutional buyers (QIBs) subscribed to their quota in the public issue, 94 per cent, as QIBs bid for 2.55 million shares compared to 2.72 million shares offered for subscription.
Retail investors booked their quota in the public issue, 88 per cent as they bid for 4.80 million shares compared to the 5.44 million shares reserved for them.
Aastha Spintex IPO has been booked 2.08 times by non-institutional investors (NII) so far. NIIs bid for 11.31 million shares against the 5.44 million shares set aside for non-institutional investors.
Aastha Spintex IPO Issue Size
Aastha Spintex seeks to raise Rs 170 crore from its public issue. The textile manufacturer's issue comprises entirely a fresh issue of 12.5 million shares with no offer for sale (OFS) component.
Aastha Spintex IPO Price Band
Aastha Spintex IPO price band was set at Rs 125 to Rs 136 per share. The minimum lot size for retail individual investors was set at 110 shares, which amounts to an investment of Rs 14,960.
Aastha Spintex IPO: Subscription Dates and Listing Date
Aastha Spintex IPO subscription window opened on June 29 and will close on July 1. The basis of allotment for the Aastha Spintex IPO will be announced on July 2. Aastha Spintex will issue refunds for unsuccessful applicants on July 3. Aastha Spintex shares are scheduled to list on the bourses on July 6.
Aastha Spintex: Financials
The textile maker posted a consolidated total income of Rs 314.02 crore, a net profit of Rs 17.56 crore and a net worth of Rs 153.18 crore in the nine-month period of December 31, 2025.
Aastha Spintex posted a total income of Rs 352.17 crore for the financial year ended March 31, 2025, increasing by over 15 per cent compared to Rs 305.67 crore in the preceding fiscal. The textile manufacturer’s profit after tax grew by 40 per cent to Rs 22.92 crore in the fiscal year ended March 31, 2025, compared to Rs 16.29 crore in the preceding fiscal. The company’s net worth increased to Rs 121.05 crore in FY25 compared to Rs 76.38 crore in the preceding fiscal.
Aastha Spintex IPO: Registrar
The registrar for Aastha Spintex IPO is Bigshare Services Private Limited, and the book-running lead managers for the issue are BOI Merchant Bankers.
Aastha Spintex: Promoters
The promoters of the company include Patel Divyang Jashvantbhai, Rasiklal Valjibhai Patel, Gothi Vivek Rasiklal, and Jashwantbhai Valjibhai Patel. The promoters of the textile manufacturer held a 74.23 per cent stake in the company pre-issue; their shareholding will reduce to 53.21 per cent post the issue.
About Aastha Spintex
Aastha Spintex is an India-based textile manufacturing company. The company operates a semi-automated, integrated spinning and ginning facility in Halvad, Morbi, Gujarat, where it manufactures and trades carded, combed, and compact combed cotton yarns and cotton bales for various applications across the textile industry.
