GMP IPO Watch
Aastha Spintex IPO 2026: Price Band, GMP, Subscription Status, Financial Performance and Complete Review
Aastha Spintex IPO opened for subscription on 29 June 2026 and has quickly become one of t...
Read Article
A
Mainboard IPO
LISTED
BSE, NSE
AASTHA
Aastha Spintex IPO
Aastha Spintex IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹5
+3.7%
Est. Listing: ₹141.00
Price Band
₹125 - ₹136
Per equity share
Lot Size
110 Shares
Min Invest: ₹14,960
Issue Size
₹170 Cr
Fresh: Approx ₹170 Crores
Issue Dates
28 June 2026 – 30 June 2026
Bidding period
Subscription
4.64x
Total overall demand
Aastha Spintex IPO Details
Key facts at a glance| IPO Open Date | 28 June 2026 | IPO Close Date | 30 June 2026 |
|---|---|---|---|
| Basis of Allotment | 1 July 2026 | Listing Date | 5 July 2026 |
| Price Band | ₹125 - ₹136 per share | Face Value | ₹10 per share |
| Market Lot Size | 110 Shares | Min Investment (Retail) | ₹14,960 |
| Total Issue Size | ₹170 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | Approx ₹170 Crores | Offer for Sale (OFS) | ₹0 Cr |
| Listing At | BSE, NSE | Issue Category | Mainboard Issue |
| Registrar | TBA | ||
Aastha Spintex IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 28 June 2026 | Confirmed |
| IPO Close Date | 30 June 2026 | Confirmed |
| Basis of Allotment | 1 July 2026 | Tentative |
| Initiation of Refunds | 3 July 2026 | Tentative |
| Credit of Shares to Demat | 3 July 2026 | Tentative |
| IPO Listing Date | 5 July 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Aastha Spintex IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 110 Shares | ₹14,960 |
| Retail (Max) | 13 Lots | 1,430 Shares | ₹1,94,480 |
| S-HNI (Min) | 14 Lots | 1,540 Shares | ₹2,09,440 |
| S-HNI (Max) | 66 Lots | 7,260 Shares | ₹9,87,360 |
| B-HNI (Min) | 67 Lots | 7,370 Shares | ₹10,02,320 |
Aastha Spintex IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹5 +3.7%
Estimated Listing Price
₹141.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 30 Jun 2026 | ₹6 | ₹142.00 | +4.41% |
| 29 Jun 2026 | ₹5.5 | ₹141.50 | +4.04% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Aastha Spintex IPO Subscription Status
Demand breakdown by investor category
Retail
2.33x
QIB
3.30x
NII / HNI
—
Total
4.64x
Aastha Spintex Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2023 | — | ₹184.81 | ₹154.97 | — |
| 2024 | — | ₹206.45 | ₹175.85 | — |
| 2025 | — | ₹322.58 | ₹261.43 | — |
| Dec 2025 | — | ₹236.50 | ₹186.96 | — |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Aastha Spintex IPO Valuation & KPIs
Key metrics pre-issue
EPS
8.29 (Basic)
P/E Ratio
N/A
RoNW
18.93%
NAV per share
₹43.80
RoCE
18.89%
RoE
23.21%
Debt to Equity
0.79
PAT Margin
6.53%
EBITDA Margin
13.20%
Aastha Spintex Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Powerica Limited | — | 15.26 | — | — | — |
| Cummins India Limited | — | 72.15 | — | — | — |
| Kirloskar Oil Engines Limited | — | 33.71 | — | — | — |
| NTPC Green Energy Limited | — | 0.67 | — | — | — |
| Acme Solar Holdings Limited | — | 4.55 | — | — | — |
| Adani Green Energy Limited | — | 8.37 | — | — | — |
About Aastha Spintex
Aastha Spintex Limited is a textile manufacturing company engaged in producing and selling cotton yarn and cotton bales. The company operates an integrated manufacturing facility at Halvad, Gujarat, with ginning and spinning operations. Its product portfolio includes compact yarn, combed yarn, carded yarn, cotton bales, and cotton waste by-products, which are supplied to customers in the textile industry for applications such as apparel, denim, knitted fabrics, home textiles, and towels. The company generates revenue primarily from the manufacture and sale of cotton yarn and cotton bales, and also trades in cotton yarn. Its manufacturing facility has an installed capacity of 25,920 spindles, annual cotton yarn production capacity of 7,700 MT, and annual cotton bale production capacity of 12,000 MT. The company serves customers across India and also caters to export markets through reseller arrangements.
Key Strengths
- The company operates an integrated ginning and spinning facility at a single manufacturing location.
- It manufactures a range of cotton yarn products along with cotton bales and cotton waste.
- The manufacturing facility has a capacity of 25,920 spindles with cotton yarn and cotton bale production capabilities.
- The company has a dedicated quality control and product development team for testing products at different production stages.
- Revenue from operations and profitability have grown over the reported financial periods.
Key Risks
- A major portion of sales outside Gujarat and exports depends on a single reseller, 7 Seas Impex.
- The company’s operations depend on a single manufacturing facility, making it vulnerable to disruptions.
- The company has entered into related-party transactions and may continue to do so in the future.
- Demand may shift from cotton yarn to synthetic fibres, which could affect sales and profitability.
- Under-utilisation of manufacturing capacity could adversely impact business performance and profitability.
Aastha Spintex IPO Reservation & Share Quotas
Aastha Spintex IPO has reserved shares for different categories of investors as per the guidelines prescribed for mainboard book-built public issues. The allocation structure is designed to ensure participation from institutional investors, high-net-worth individuals, and retail investors.
Qualified Institutional Buyers (QIBs) have been allocated the largest share of the issue, followed by retail investors and Non-Institutional Investors (NIIs). The final allocation of shares will depend on the demand received during the subscription period.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| Qualified Institutional Buyers (QIB) Excluding Anchor | – Shares | 50% |
| Non-Institutional Investors (NII) | – Shares | 15% |
| Retail Individual Investors (RII) | – Shares | 35% |
Aastha Spintex IPO Anchor Investors
Aastha Spintex Limited may allocate a portion of its IPO to anchor investors prior to the opening of the public issue. Anchor investors generally include domestic mutual funds, insurance companies, foreign institutional investors, and other qualified institutional investors who participate before the IPO opens for subscription to the public.
The anchor investment portion helps create confidence in the issue and provides early institutional participation. The final anchor allocation details, subscription amount, and investor names are expected to be disclosed before the IPO opens for bidding.
| Particular | Details |
|---|---|
| Anchor Bidding Date | June 25, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date for 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date for Remaining 50% Shares (90 Days) | 2026 |
Aastha Spintex IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 29 Jun 2026 |
| IPO Close Date | 01 Jul 2026 |
| Basis of Allotment | 02 Jul 2026 |
| Refunds | 03 Jul 2026 |
| Credit to Demat Account | 03 Jul 2026 |
| IPO Listing Date | 06 Jul 2026 |
Note: The timeline for ଆସ୍ଥା ସ୍ପିଣ୍ଟେକ୍ସ IPO is tentative and subject to change.
Aastha Spintex Promoters and Shareholding Pattern
Aastha Spintex Limited is promoted by Mr. Patel Divyang Jashwantbhai, Mr. Rasiklal Valjibhai Patel, Mr. Gothi Vivek Rasiklal, and Mr. Jashwantbhai Valjibhai Patel. The promoters possess extensive experience in the textile and spinning industry and have played a significant role in the company's growth and operational expansion over the years.
Before the public issue, the promoter group held a controlling stake in the company. Following the IPO, promoter shareholding will reduce due to dilution from the fresh issue of shares; however, the promoters will continue to retain majority ownership and management control of the business.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 3,16,42,190 | 74.23% |
| Promoter Holding Post Issue | 4,41,42,190 | 53.21% |
Aastha Spintex Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | Crores |
| Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited | ₹1,115.10 |
| Inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited | ₹100.00 |
| General Corporate Purpose | ₹- |
Note: Objectives are as specified in the DRHP/RHP documents of ଆସ୍ଥା ସ୍ପିଣ୍ଟେକ୍ସ.
Aastha Spintex About the IPO
Aastha Spintex Limited, founded in 2013, has been a prominent player in the manufacturing and trading of carded, combed, and compact combed cotton yarns and cotton bales. The firm uses its cotton bales in 2 ways: for its own cotton yarn manufacturing and for sale or supply to other spinning mills.
The cotton yarn that is produced is then used in both knitting and weaving processes. The firm uses yarn to make Denim fabric (jeans), Terry towels, Shirts (shirting), Bed sheets (sheeting), Sweaters, Socks, Bottom wear (pants, trousers, leggings, etc.), Home textiles, and Industrial fabrics. Moreover, the firm has a semi-automated spinning and ginning manufacturing facility situated in Halvad, Morbi, Gujarat. The company also recycles cotton yarn waste generated during textile production to produce other products.
Aastha Spintex Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹184.81 | ₹154.97 | - | - |
| 2024 | ₹206.45 | ₹175.85 | - | - |
| 2025 | ₹322.58 | ₹261.43 | - | - |
| Dec 2025 | ₹236.50 | ₹186.96 | - | - |
Note: Financial numbers for ଆସ୍ଥା ସ୍ପିଣ୍ଟେକ୍ସ are in ₹ Crores unless stated otherwise.
Aastha Spintex Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 23.21% |
| ROCE | 18.89% |
| EBITDA Margin | 13.20% |
| PAT Margin | 6.53% |
| Debt to Equity Ratio | 0.79 |
| Earning Per Share (EPS) | 8.29 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 18.93% |
| Net Asset Value (NAV) | 43.80 |
Note: Valuation KPIs for ଆସ୍ଥା ସ୍ପିଣ୍ଟେକ୍ସ are computed for FY2026.
Aastha Spintex Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Powerica Limited | 15.26 | - | - | - | - |
| Cummins India Limited | 72.15 | - | - | - | - |
| Kirloskar Oil Engines Limited | 33.71 | - | - | - | - |
| NTPC Green Energy Limited | 0.67 | - | - | - | - |
| Acme Solar Holdings Limited | 4.55 | - | - | - | - |
| Adani Green Energy Limited | 8.37 | - | - | - | - |
Note: Peer group comparisons for ଆସ୍ଥା ସ୍ପିଣ୍ଟେକ୍ସ are sourced from DRHP filings.
Aastha Spintex Lead Managers & Merchant Bankers
- BOI Merchant Bankers Ltd.
- PNB Investment Services Ltd.
Aastha Spintex IPO FAQs
Aastha Spintex IPO opens for subscription on 28 June 2026 and closes on 30 June 2026.
The price band for Aastha Spintex IPO is set at ₹125.00 to ₹136.00 per share.
The minimum market lot size is 110 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 110 Shares (₹14,960).
The latest Grey Market Premium (GMP) for Aastha Spintex IPO is ₹5. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Aastha Spintex IPO is tentatively scheduled for 1 July 2026, and shares are expected to list on the stock exchanges on 5 July 2026.
The registrar details will be confirmed in the official prospectus.
Aastha Spintex IPO Analysis & Articles