Aastha Spintex IPO shares are set to debut on Dalal Street today, July 6, 2026, with trading scheduled to commence on both BSE and NSE. According to the latest BSE notice, "trading members of the Exchange are hereby informed that the equity shares of AASTHA SPINTEX LIMITED shall be listed and admitted to dealings on the Exchange in due course." The company's shares are priced at ₹136 per share at the upper end of the ₹125-136 price band, with the ₹170-crore IPO being entirely a fresh issue of 1.25 crore equity shares. The listing comes after the IPO achieved 3.30 times subscription during the bidding period from June 29 to July 1, with strong institutional and retail participation across all categories.
According to latest market trackers, Aastha Spintex shares are commanding a muted grey market premium of ₹3.7 per share today, indicating an estimated listing price of ₹139.7 per share, which represents a premium of 2.72% over the IPO price of ₹136. This muted GMP reflects the current market sentiment ahead of the listing. The grey market premium signals that shares are trading higher than the IPO price in unofficial markets, though analysts note this should not be taken as a sole indicator of listing performance given the unregulated nature of grey markets. Investors can check their allotment status online through BSE, NSE websites or Bigshare Services, the registrar, by following simple steps including selecting 'Equity' on BSE and 'Equity & SME IPO bid details' on NSE, choosing 'Aastha Spintex' from the dropdown menu, and entering PAN and application number details.
The ₹170-crore IPO received strong investor response across all categories during the bidding period. Non-institutional investors led demand at 6.03 times subscription, while retail individual investors subscribed 1.27 times and qualified institutional buyers achieved 1.87 times subscription. The subscription pattern demonstrated robust institutional and retail participation, with the IPO allotment finalised on July 2, 2026, and successful bidders receiving shares in their demat accounts on Friday, July 3, 2026. The shares are tentatively scheduled to list on the BSE and NSE on Monday, July 6, 2026, with BOI Merchant Bankers Ltd. serving as the book running lead manager and Bigshare Services Pvt. Ltd. as the registrar for the issue.
The proceeds from the IPO will be utilized for 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. As per the company's prospectus, ₹111.51 crore has been earmarked for the acquisition of Falcon Yarns Private Limited, ₹10 crore will be utilised towards funding working capital requirements of Falcon Yarns Private Limited, and the balance towards general corporate purposes. The company has signed an agreement to acquire a 100% stake in Falcon Yarns for ₹111.50 crore, which is expected to increase its annual spinning capacity from 7,700 tonnes to 17,457 tonnes upon completion of the acquisition. According to The Economic Times, the acquisition is expected to more than double Aastha Spintex's spinning capacity, providing a significant boost to future revenue growth.
Incorporated in 2013, Aastha Spintex has demonstrated robust financial growth over the past three financial years. The company's total income increased to ₹352.2 crore in FY25 from ₹239.7 crore in FY23, while net profit surged to ₹22.9 crore from ₹1.1 crore during the same period. The company reported a return on equity (RoE) of 12.8%, with the IPO priced at a P/E multiple of around 18.8x FY25 earnings. During the nine months ended December 2025, the company posted revenue of ₹313.29 crore, while profit after tax (PAT) stood at ₹17.56 crore. The company operates a semi-automated integrated spinning and ginning facility at Halvad, Gujarat, with 25,920 spindles and an annual cotton bale production capacity of 12,000 tonnes. 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, following a B2B business model.
