The Aastha Spintex IPO has opened for subscription, giving investors a chance to invest in the Gujarat-based cotton yarn manufacturer.
The public issue opened on June 29 and will remain open until July 1.
The company plans to raise ₹170 crore through a fresh issue of equity shares.
If you are planning to apply, here are the key details you should know before making your investment decision.
Aastha Spintex IPO Subscription Status
As of 12:52 PM on the first day of bidding, the IPO was subscribed 35% overall.
Investors had placed bids for 47.39 lakh shares out of the total shares available.
Here’s how different investor categories responded:
Qualified Institutional Buyers (QIBs): Bids received for 5.54 lakh shares out of 27.20 lakh reserved.
Non-Institutional Investors (NIIs): Subscribed 0.57 times, with bids for 30.98 lakh shares.
Retail Individual Investors (RIIs): Subscribed 0.20 times, with bids for 10.85 lakh shares out of 54.40 lakh shares reserved.
7 Important Details About the IPO
1IPO Size
Aastha Spintex aims to raise ₹170 crore through a book-built IPO.
The issue consists entirely of a fresh issue of 1.25 crore equity shares.
There is no Offer for Sale (OFS) in this IPO.
Subscription Dates
The IPO opened on June 29, 2026, and will close on July 1, 2026.
Allotment and Listing Dates
The share allotment is expected to be finalized on July 2.
If everything goes as planned, the company’s shares are likely to be listed on both the NSE and BSE on July 6.
Price Band
The company has fixed the IPO price band at ₹125 to ₹136 per share.
At the upper price band of ₹136, Aastha Spintex’s pre-IPO market valuation is estimated at around ₹600.33 crore.
Minimum Investment
Investors must apply for at least one lot, which consists of 110 shares.
At the highest price of ₹136 per share, the minimum investment required for retail investors is ₹14,960.
Lead Managers and Registrar
The IPO is being managed by BOI Merchant Bankers Ltd and PNB Investment Services Ltd.
Bigshare Services Pvt Ltd has been appointed as the registrar for the issue.
How Will the Company Use the IPO Funds?
A major portion of the money raised will be used to partly finance the acquisition of Falcon Yarns Private Limited.
The company will also use the funds to provide inter-corporate deposits for the working capital needs of Falcon Yarns.
The remaining amount will be used for general corporate purposes.
About Aastha Spintex
Aastha Spintex Ltd was established in 2013 and is engaged in the manufacturing and trading of carded, combed, and compact combed cotton yarn, along with cotton bales.
Its products are widely used in the textile industry for manufacturing denim, towels, shirts, bedsheets, sweaters, socks, home textiles, industrial fabrics, and other woven and knitted products.
The company operates a semi-automated integrated spinning and ginning facility at Halvad in Gujarat’s Morbi district.
This integrated plant helps the company manufacture both cotton yarn and cotton bales efficiently while serving customers across domestic and industrial textile markets.