The Initial Public Offering (IPO) of Aastha Spintex Ltd. opened for bidding today. As per NSE and BSE, the IPO has been subscribed 0.62 times, with bids pouring in for 0.77 crore shares, against the 1.25 crore shares on offer.
The company aims to raise ₹170.00 crores through fresh issue of 1.25 crore equity shares. Shares are offered at a price band of ₹125 to ₹136 per share. Investors can bid for a minimum of 110 equity shares and in multiples thereof.
Aastha Spintex Ltd. IPO: Category-wise Subscription
Subscription levels showed participation from Retail Investors at 0.30 times and Non-Institutional Investors (NIIs) at 1.01 times. Within the NII segment, small NIIs bidding up to Rs 10 Lakhs subscribed 1.43 times, while big NIIs applying above Rs 10 Lakhs subscribed 0.80 times. The Qualified Institutional Buyers (QIBs) segment subscribed 0.45 times on Day 1.
BOI Merchant Bankers Ltd. acts as the book-running lead manager to the issue, while Bigshare Services Pvt.Ltd. is the registrar of the IPO.
The IPO will remain open for subscription till Jul 1, 2026. Retail investors are required to apply for a minimum of 110 shares worth ₹14,960 while non-institutional investors (NIIs) must bid for a minimum investment of ₹2,09,440.
