AASTHA SPINTEX LTD IPO: Company Review, Subscription and Allotment Updates

2026-06-27 — Company overview and issue details

AASTHA SPINTEX LTD IPO (ABOUT THE COMPANY)

AASTHA SPINTEX LTD – COMPANY BACKGROUND

Aastha Spintex Ltd has been around since 2013 and is into the business of manufacture and trading of carded, combed, and compact combed cotton yarns and cotton bales. The cotton bales manufactured by the company are used for captive in-house consumption as well as supplied to other customers. Cotton finds application in knitting and weaving resulting in a wide range of end-user products like towels, denims, shirts, sweaters etc. It has a spinning and ginning facility located at Morbi, Gujarat. Its primary products are cotton bales, cotton yarn, and cotton yarn waste.

Aastha Spintex Ltd has been promoted by Patel Divyang Jashwantbhai, Rasiklal Valjibhai Patel, Gothi Vivek Raskilal, and Jashwantbhai Valjibhai Patel. The IPO comprises entirely of a fresh issue with no offer for sale (OFS) component in the IPO. The fund raised in the IPO will be used by the company for part payment of the acquisition of Falcon Yarns Private Ltd, inter-corporate deposits (ICD) to Falcon Yarns Private Ltd for funding working capital needs, and for general corporate purposes. The issue is being lead-managed by BOI Merchant Bankers Ltd and PNB Investment Services Ltd; while Bigshare Services Private Ltd are the registrars to the IPO.

HIGHLIGHTS OF THE IPO ISSUE OF AASTHA SPINTEX LTD

Here are the key highlights of the public issue of Aastha Spintex Ltd.

The IPO is open from June 29th, 2026 to July 1st, 2026. It has a face value of ₹10 per share and the IPO price band has been fixed in the range of ₹125 to ₹136 per share.

The IPO of Aastha Spintex Ltd will be entirely a fresh issue with no offer for sale component in the IPO.

The fresh issue portion comprises the issue of 1,36,00,000 shares (136.00 lakh shares), which at the upper price band of ₹136 per share translates into a fresh issue size of ₹184.96 crore.

Since there is no OFS component, the overall issue will also comprise of the fresh issue of 1,36,00,000 shares (136.00 lakh shares), which at the upper price band of ₹136 per share translates into overall issue size of ₹184.96 crore.

Due to the dilutive impact of the fresh issue, the promoter’s stake in the company will get reduced from 74.23% to 53.21% of the total shares outstanding post the IPO.

The IPO of Aastha Spintex Ltd will be listed on the NSE and the BSE on the IPO mainboard. There was no allocation of shares to anchor investors in this IPO.

KEY DATES, INVESTOR ALLOCATION, AND LOT SIZES

Here are the key dates pertaining to the IPO of Aastha Spintex Ltd

Data Source: Company RHP

Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).

The table below captures the gist of the allocation to various categories.

Data Source: Security Parameters Filing (NSE)

The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement.

Here is a quick look at the lot sizes applicable for the IPO of Aastha Spintex Ltd for various categories of investors.

It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 110 shares)

FINANCIAL HIGHLIGHTS OF AASTHA SPINTEX LTD

The table captures the key financials of Aastha Spintex Ltd for last 3 financial years.

Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)

The PAT margins and the EBITDA margins have improved steadily over the last 3 years. Data is only available for the full year FY25 while for FY26 data is only available for 9 months. Even the ROE and the ROA of the company have gone up sharply in the last 3 years.

VALUATION METRICS OF AASTHA SPINTEX LTD IPO

If one looks at the valuation of the company based on the latest FY25 full-year EPS of ₹8.29, it is trading at around 16.4X earnings. Based on the first 9 months data for FY26, there does not appear to be any meaningful growth in EPS in FY26, hence the FY25 can be used as a basis for valuation. That should give a fair picture.

The company does bring some strengths to the table like an integrated manufacturing setup and long-standing customers. Even financials have shown secular growth. However, investors need to better understand the relationship between the company and Falcon Yarns, especially considering that Aastha plans to give ICDs to Falcon Yarns. That is not the normal practice and does raise questions on transparency.

2026-07-02 — Day-3 subscription update

Aastha Spintex Ltd (Day-3 Final Subscription at 4.64 times)

AASTHA SPINTEX LTD - IPO SUBSCRIPTION STATUS ON DAY-3

As of 7.15 pm on 01st July 2026, out of the 136.00 lakh shares on offer in the IPO (excluding anchor portion), Aastha Spintex Ltd saw bids for 631.27 lakh shares. This implies an overall subscription of 4.64X at a macro level. The granular break-up of subscriptions at close of Day-3 of the IPO of Aastha Spintex Ltd was as under:

The subscriptions were led by the HNI / NII Investors followed by the QIB investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day as that is when bulk of the institutional, corporate, and funded HNI bids come in. Overall response from these categories was not too strong. The company did not offer shares to anchor investors ahead of the IPO opening. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.

Data Source: NSE / BSE (as of close of Day-3 of the IPO)

The IPO of Aastha Spintex Ltd was open up to July 01, 2026, and has closed for subscription as of the close of trading hours on July 01, 2026. The subscription ratios presented in the table above represent the final subscription numbers for each category and also for the IPO overall. Generally, the listing price of the IPO and the post-listing performance tend to get influenced by the extent of oversubscription of the IPO. However, it must also be noted that a higher subscription is not an automatic guarantee of a strong listing performance for the IPO stock. The final subscription ratio excludes anchor portion. Total bids as of the close (including anchor allocation, if any) stood at ₹858.53 crore.

NEXT STEPS IN THE AASTHA SPINTEX LTD IPO

Post the closure of the IPO subscription on 01st July 2026, the basis of allotment will be finalized on 02nd July 2026 and the refunds will be initiated on 03rd July 2026. In addition, the demat credits are expected to also happen on 03rd July 2026 and the stock will list on 06th July 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 03rd July 2026 under ISIN (INE2FMX01012).

2026-07-02 — Allotment guidance and next steps

Aastha Spintex Ltd IPO (How to check allotment status)

ABOUT THE AASTHA SPINTEX LTD IPO

The IPO of Aastha Spintex Ltd opened for subscription on June 29th, 2026 and closed on July 01st, 2026. The overall IPO comprised of a fresh issue of 1,36,00,000 shares (136.00 lakh shares) worth ₹184.96 crore at the upper band price of ₹136 per share. The allotment status will be finalized by end of day (EOD) of July 02nd, 2025. Here is how to check your allotment status for the IPO of Aastha Spintex Ltd. You can check IPO status on BSE or NSE or IPO Registrar (Bigshare Services Private Ltd) website.

CHECKING ALLOTMENT STATUS OF AASTHA SPINTEX LTD IPO ON BSE WEBSITE

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.

https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

Under Issue Type – Select Equity Option

Under Issue Name – Select Aastha Spintex Ltd from the drop-down box

Enter the Application Number / CAF exactly as in the acknowledgement slip or

Enter your PAN (10-digit alphanumeric) number

Once this is done, you need to click on the Captcha to verify you are not a robot

Finally click on the Search Button

You can use either of the parameters to query; Application / CAF number or Investor PAN.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Aastha Spintex Ltd allotted into your demat account. You can save a screenshot of the allotment status output for verifying with demat account credits.

CHECKING ALLOTMENT STATUS OF GNG ELECTRONICS IPO ON NSE WEBSITE

This is a common link for all IPOs. Click on NSE link for IPO allotment as below.

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Once you reach the page, here are the steps to follow.

Under Issue Type – Select Equity & SME IPO Details Option

Under SELECT SYMBOL – Select AASTHA from the drop-down box

Enter the Application Number / CAF exactly as in the acknowledgement slip and

Enter your PAN (10-digit alphanumeric) number

Once both are entered, click on the Submit Button

You must input both data points; the Application / CAF number and the Investor PAN.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Aastha Spintex Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.

CHECKING ALLOTMENT STATUS OF AASTHA SPINTEX LTD ON BIGSHARE SERVICES PRIVATE LIMITED (REGISTRAR TO THE IPO)

Here are the steps to follow. Visit the Bigshare Services Private Ltd registrar website for IPO status by clicking on the link below:

https://ipo.bigshareonline.com/IPO_Status.html

Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are server backups in case one server is experiencing too much traffic, you can select another server and try again. There will be no output difference, whichever server you select.

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Aastha Spintex Ltd from the dropdown box. Once the company is selected from the dropdown box, you have 3 methods to check allotment status for the IPO.

Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number, enter the captcha, and then click on the search button.

Secondly, you can search by Beneficiary ID of your demat account. Remember that the NSDL string is alphanumeric while the CDSL string is numeric. Write it in once single string in the box. Then enter the captcha and press the search button.

Thirdly, you can search by Income Tax PAN number. Once you select PAN from the dropdown menu, enter your 10-digit PAN number, enter the captcha code and then, click on the Search Button.

The IPO status with number of shares of Aastha Spintex Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference

In case, you have any issues with the output, register an investor query with Bigshare Services India Private Ltd. You can either send an email with all requisite details and problem to info@bigshareonline.com or you can call on (+91)-22-6263-8200 for voice call.

NEXT STEPS IN THE AASTHA SPINTEX LTD IPO

Post the closure of the IPO subscription on 01st July 2026, the basis of allotment will be finalized on 02nd July 2026 and the refunds will be initiated on 03rd July 2026. In addition, the demat credits are expected to also happen on 03rd July 2026 and the stock will list on 06th July 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 03rd July 2026 under ISIN (INE2FMX01012).

Interested in applying for this IPO?

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