Aastha Spintex IPO subscribed 52% on Day 1 so far; NII, retail investor lead – Check GMP

Aastha Spintex initial public offering (IPO) was subscribed 52 percent on the first day of bidding so far.

The initial share sale of the textile manufacturer received bids for 71.12 lakh shares against 1.36 crore shares on offer.

The non-institutional investors (NII) portion was subscribed 87 percent, while the retail individual investors (RII) category received 26 percent subscription. The qualified institutional buyers (QIB) portion was subscribed 36 percent.

Ahead of the IPO, the company had raised Rs 170 crore from anchor investors.

Aastha Spintex IPO GMP Today Price

According to platforms tracking grey market activity, the company’s shares were commanding a grey market premium (GMP) of about 4 percent. Investorgain pegged the GMP at Rs 5 per share, indicating a potential listing gain of 3.68 percent. IPO Watch estimated the GMP at 3.67 percent.

The public issue, with a price band of Rs 125-136 per equity share, will remain open for subscription until July 1.

Proceeds from the public issue will be used towards part payment for the acquisition of Falcon Yarns Pvt Ltd, funding the working capital requirements of the acquired company through inter-corporate deposits, and for general corporate purposes.

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

For FY25, the company reported revenue of Rs 351.16 crore and a profit after tax of Rs 22.92 crore. For the nine months ended December 2025, it posted revenue of Rs 313.29 crore and a profit after tax of Rs 17.56 crore.

The company’s shares will be listed on the BSE and NSE on July 6.