Aastha Spintex Shares List at a 4.41% Discount on NSE and BSE
Aastha Spintex Limited made a subdued stock market debut on Monday, July 6, 2026, with its shares listing below the IPO price on both the NSE and BSE. The stock debuted at ₹130 per share on both exchanges, reflecting a discount of 4.41% to its issue price of ₹136.
The ₹170 crore IPO was open for subscription from June 29 to July 1, 2026, and was subscribed 4.64 times overall. The public issue comprised entirely a fresh issue of 1.25 crore equity shares.
Aastha Spintex IPO - Issue Details
- Issue Type: Book-Built Issue (Fresh Issue Only)
- Total Issue Size: Up to ₹170.00 crore
- Fresh Issue: Up to ₹170.00 crore
- Face Value: ₹10 per equity share
- Price Band: ₹125 to ₹136 per share
- Lot Size: 110 shares
- Minimum Investment Amount (Retail Investor): ₹14,960 (110 shares) (based on upper price band)
- Listing: BSE, NSE
- Book Building Lead Managers: BOI Merchant Bankers Limited and PNB Investment Services Limited
- Registrar: Bigshare Services Limited
Aastha Spintex IPO Overall Subscription Status
[July 01, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
3.30x |
|
Non-Institutional Investors (NIIs) |
7.62x |
|
Retail Individual Investors (RIIs) |
2.33x |
|
Total |
4.64x |
Utilisation of Aastha Spintex IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Part payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited.
- Inter-corporate deposits to fund the working capital requirements of Falcon Yarns Private Limited.
- General corporate purposes.
Check out newly listed IPOs on BSE and NSE.
About Aastha Spintex Limited
Aastha Spintex Limited manufactures and trades cotton yarn and cotton bales for the textile industry. Its product portfolio comprises carded, combed, and compact combed cotton yarn (Ne 26 to Ne 40), which is used across various applications, including denim, shirting, home textiles, terry towels, socks, and industrial fabrics.
The company operates a semi-automated, integrated spinning and ginning facility in Halvad, Morbi, Gujarat. It caters primarily to textile manufacturers, fabric processors, exporters, and other B2B clients across India. In addition to its core operations, the company generates revenue from the sale of by-products such as cotton seeds and cotton waste.
Key Financial Highlights
|
Particulars |
FY25 (₹ crore) |
FY24 (₹ crore) |
FY23 (₹ crore) |
|
Revenue from Operations |
351.16 |
304.86 |
239.27 |
|
Profit After Tax (PAT) |
22.92 |
16.29 |
1.06 |
|
EBITDA |
46.36 |
34.25 |
11.60 |
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