Aastha Spintex, a manufacturer and trader of cotton yarns and bales, has completed the allotment process for its initial public offering (IPO). The basis of allotment was finalized on Thursday, July 2, 2026. Investors who participated in the IPO can expect to receive debit alerts or mandate revocations by Friday, July 3, or over the weekend.
The IPO, which was open for bidding from June 29 to July 1, aimed to raise Rs 170 crore through a fresh issue of 1,25,00,000 equity shares. Shares were offered in a price band of Rs 125-136 apiece, with a lot size of 110 shares.
IPO Subscription Details and Company Profile
The Aastha Spintex IPO received a mixed response from investors, ultimately being subscribed 4.64 times overall, attracting bids worth approximately Rs 860 crore from nearly 1.12 lakh applications. The non-institutional investor (NII) portion was subscribed 7.62 times, while the retail investor allocation saw a subscription of 2.33 times. Qualified Institutional Bidders (QIBs) booked their portion 3.30 times.
Incorporated in 2013, Aastha Spintex specializes in producing carded, combed, and compact combed cotton yarns, alongside cotton bales. The company operates a semi-automated and integrated spinning and ginning facility located in Halvad, Morbi, Gujarat.
Grey Market Premium (GMP) and Listing Outlook
The grey market premium (GMP) for Aastha Spintex experienced significant fluctuations. While it stood around Rs 6-7 per share during the bidding period, it later corrected sharply. The latest information suggests the company was trading at a discount of Rs 3-4 apiece in the grey market, indicating a potentially flat listing for investors.
BOI Merchant Bankers and PNB Investment Services served as the book-running lead managers for the issue, with Bigshare Services appointed as the official registrar.
Key Dates and Listing Information
- Credit of Shares / Initiation of Refunds: Friday, July 3, 2026
- Listing Date: Monday, July 6, 2026
- Exchanges: Both BSE and NSE
How to Check Aastha Spintex IPO Allotment Status
Investors can verify their allotment status through the Bombay Stock Exchange (BSE) website, the National Stock Exchange (NSE) website, or the registrar's online portal.
Checking on BSE Website:
- Visit the BSE website: https://www.bseindia.com/investors/appli_check.aspx
- Under 'Issue Type', select 'Equity'.
- From the 'Issue Name' dropdown, choose 'Aastha Spintex Limited'.
- Enter your application number.
- Input your PAN card ID.
- Complete the 'I am not a Robot' captcha and click 'Search'.
Checking on NSE Website:
- Go to the NSE website: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select 'Equity & SME IPO Bid details'.
- Under 'Select Symbol', choose 'AASTHA'.
- Enter your PAN No. and Application No.
- Click 'Submit' to view your status.
Checking via Bigshare Services (Registrar):
- Access the Bigshare Services portal: https://ipo.bigshareonline.com/IPO_Status.html
- Select the Aastha Spintex IPO from the dropdown menu (it will appear once allotment is finalized).
- Choose one of three modes to search: Application number/CAF No, Beneficiary ID, or PAN ID.
- Enter the required details for your selected mode.
- Fill in the security captcha accurately.
- Click 'Search' to view your allotment status.