Aastha Spintex is finalizing the share allotment for its ₹170 crore IPO today, July 2, 2026. The issue, which saw a subscription of 4.64 times, is set for a stock exchange debut on July 6. Applicants can verify their allotment status through the registrar, Bigshare Services, or the NSE and BSE portals.
What Happened
The share allotment process for the Aastha Spintex initial public offering (IPO) is scheduled to be finalized today, July 2, 2026. The company’s ₹170 crore public issue, which concluded on July 1, witnessed an overall subscription of 4.64 times. Successful applicants are expected to have their shares credited to their demat accounts by July 3, while refund processing for those who did not receive an allotment is also slated to begin shortly after.
How to Check Allotment Status
Investors who participated in the offering can verify their allotment status through the official registrar or the stock exchanges. The primary method is visiting the Bigshare Services website, the appointed registrar for the issue. Alternatively, applicants can log in to the 'Investors' section on the BSE or NSE websites and navigate to the 'Application Status Check' page using their PAN or application number.
Subscription and Demand Details
The IPO saw varied interest across different investor categories. Non-institutional investors (NIIs) led the demand, oversubscribing their reserved portion by 7.62 times. Qualified institutional buyers (QIBs) subscribed 3.30 times their category, while retail investors participated with a subscription rate of 2.33 times. This aggregate demand resulted in the total subscription of 4.64 times, as per exchange data.
Financial and Business Context
Aastha Spintex is a B2B textile manufacturer based in Halvad, Gujarat, focusing on cotton yarn and cotton bales. The company reported a revenue of ₹352.17 crore in fiscal year 2025, up from ₹305.67 crore in 2024, alongside a net profit of ₹23.50 crore compared to ₹16.29 crore in the previous year. The IPO proceeds are primarily intended for the acquisition of Falcon Yarns Private Limited and to support general corporate operations.
Listing and Market Expectations
With the allotment process nearing completion, the company is preparing for its stock market debut on July 6, 2026. Current grey market sentiment indicates a modest premium of approximately ₹3 per share over the issue price band of ₹125 to ₹136. While such grey market premiums often signal investor sentiment, they are unofficial and do not guarantee future stock price performance.
What Investors Should Track Next
As Aastha Spintex moves toward its listing, investors may monitor the company’s ability to maintain its margin profile within the cyclical textile sector. Given that a significant portion of the IPO funds is allocated to acquiring Falcon Yarns, the integration of these operations and the subsequent impact on consolidated financials will be a key area for shareholders to track post-listing.