The Aastha Spintex IPO has opened for public subscription today, June 29, giving investors a chance to invest in the Gujarat-based cotton yarn manufacturer.
The company plans to raise ₹170 crore through a fresh issue of equity shares.
The IPO will remain open for bidding until July 1.
If you’re planning to invest, here are all the important details you should know before applying.
Aastha Spintex IPO Subscription Status
The IPO received a positive response on the first day of bidding.
As of 12:52 PM, the issue was 35% subscribed, with bids received for 47.39 lakh shares.
Here’s how different investor categories performed:
Qualified Institutional Buyers (QIBs): Bids received for 5.54 lakh shares out of the 27.20 lakh shares reserved.
Non-Institutional Investors (NIIs): Subscribed 0.57 times, with bids for 30.98 lakh shares against 54.40 lakh shares.
Retail Individual Investors (RIIs): Subscribed 0.20 times, with bids for 10.85 lakh shares out of 54.40 lakh shares.
7 Important Things to Know Before Investing
IPO Size
Aastha Spintex is launching a book-built IPO worth ₹170 crore.
The entire issue consists of a fresh issue of 1.25 crore equity shares.
There is no Offer for Sale (OFS), which means all the funds raised will go directly to the company.
IPO Dates
The IPO is open for subscription from June 29 to July 1, 2026.
The share allotment is expected to be finalized on July 2, while the company’s shares are likely to be listed on 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 end of the price band, Aastha Spintex’s pre-IPO market valuation is around ₹600.33 crore.
Minimum Investment
Retail investors must apply for at least one lot of 110 shares.
At the upper price of ₹136 per share, the minimum investment required 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 the Company Will Use the Money
A major portion of the funds raised through the IPO will be used to partly finance the acquisition of Falcon Yarns Private Limited.
The company will also use the proceeds to provide working capital support to Falcon Yarns through inter-corporate deposits. The remaining amount will be used for general corporate purposes.
Should Investors Know About the Business?
Aastha Spintex was established in 2013 and is engaged in manufacturing and trading carded, combed, and compact combed cotton yarn, along with cotton bales.
Its products are widely used in the textile industry for making denim, towels, shirts, bedsheets, sweaters, socks, home textiles, industrial fabrics, and other woven and knitted products.
About the Company
Aastha Spintex operates a semi-automated integrated spinning and ginning facility at Halvad in Gujarat’s Morbi district.
The integrated plant helps the company manufacture both cotton yarn and cotton bales efficiently, allowing it to serve a wide range of domestic and industrial customers across the textile sector.
Investors interested in the textile industry may consider evaluating the company’s financial performance, business prospects, and valuation before making an investment decision.
