Shares of Aastha Spintex, a manufacturer of cotton yarns and bales, made a subdued stock market debut on Monday, July 6, 2026. The company's stock listed at Rs 130 apiece on both the BSE and NSE, marking a 4.41 percent discount compared to its issue price of Rs 136 per share.
This listing performance resulted in a loss of Rs 660 per allotted lot for investors who participated in the initial public offering (IPO). The IPO had opened for bidding between June 29 and July 1, offering shares in a price band of Rs 125-136 with a lot size of 110 shares.
IPO Details and Subscription Numbers
Aastha Spintex successfully raised Rs 170 crore through its IPO, which consisted entirely of a fresh share sale of 1,25,00,000 equity shares. The offering saw an overall subscription of 4.64 times, attracting bids worth approximately Rs 860 crore from nearly 1.12 lakh applications.
- Non-Institutional Investors (NIIs): The quota for NIIs was subscribed 7.62 times.
- Retail Investors: Retail investors' portion was booked 2.33 times.
- Qualified Institutional Bidders (QIBs): QIBs subscribed to their allocation 3.30 times.
Prior to the listing, the grey market premium (GMP) for Aastha Spintex had fluctuated, reportedly showing a discount of Rs 4-5 apiece leading up to the debut, despite earlier indications of a positive listing during the bidding period with a GMP around Rs 6-7.
Company Profile
Incorporated in 2013, Aastha Spintex specializes in the manufacturing and trading of various cotton yarns, including carded, combed, and compact combed varieties, as well as cotton bales. The company operates a semi-automated and integrated spinning and ginning manufacturing facility located in Halvad, Morbi, Gujarat. Brokerage firms had generally maintained a positive long-term outlook on the issue.