Aastha Spintex IPO subscribed 22% so far on Day 1: Check price band, lot size and key dates

Textile manufacturer Aastha Spintex Ltd's initial public offering has been subscribed 22% so far on the first day of bidding on Monday, June 29. The issue will end on July 1. The price band has been fixed at ₹125 to ₹136 per share.

Non institutional investors have subscribed their portion 39%, while retail investors quota was booked 15%, according to the NSE data until 11:52 am. Qualified institutional buyers portion is yet to receive bids.

The ₹170 crore initial share sale is a fresh issuance of 1.25 crore shares. The money raised will be used for working capital needs, part-payment for acquisition of Falcon Yarns Pvt Ltd and for general corporate purposes.

The company also expects to receive benefit of listing of shares on the stock exchanges and enhancement of its visibility and brand image amongst existing and potential customers.

"The proposed IPO will further accelerate our growth strategy by supporting the acquisition of Falcon Yarns Private Limited and enhancing our manufacturing capabilities," Aastha Spintex Promoter Chairman and Managing Director Patel Divyang Jashvantbhai said.

The lot size for an application is 110 shares.

Aastha Spintex IPO: Allotment and listing date

Aastha Spintex makes and trades carded, combed and compact combed cotton yarns, cotton bales and related by-products from its integrated spinning and ginning plant located at Halvad in Gujarat's Morbi district.

For the financial year 2024-25, the company posted revenue of ₹351.16 crore and a net profit of ₹22.92 crore. For the nine months ended December 2025, it reported revenue of ₹313.29 crore and a profit after tax (PAT) of ₹17.56 crore.

BOI Merchant Bankers and PNB Investment Services are the issue's book-running lead managers. Shares of the firm will be listed on the BSE and NSE.

Aastha Spintex IPO GMP

According to investorgain.com and media reports, unlisted shares of Aastha Spintex were trading at ₹141 per share, reflecting a grey market premium (GMP) of 3.68% or ₹5 over the upper price band of ₹136.