The allotment for the Rs 170 crore Aastha Spintex IPO is set for today, July 2. With the issue subscribed 4.64 times between June 29 and July 1, investors can now verify their allotment status through the registrar, Bigshare Services, or the stock exchange websites.
What Happened
The allotment process for the Aastha Spintex Initial Public Offering (IPO) is scheduled to be finalised today, July 2, 2026. This Rs 170 crore public issue attracted interest from investors during its subscription window, which remained open from June 29 to July 1. The IPO was offered at a price band of Rs 125 to Rs 136 per share. Today's update determines which applicants have successfully been allocated shares and which applicants will receive refunds.
Understanding The Subscription Level
The IPO was subscribed 4.64 times by the time it closed. In simple terms, this means that for every share the company intended to sell, there were 4.64 times more requests for shares. When an IPO is oversubscribed, it is common for the allotment process to be conducted via a lottery system to decide which applicants receive shares. Investors who did not receive an allotment will see the money blocked in their bank accounts being released or refunded depending on the process used for their application.
How To Check Your Allotment Status
Investors can check their allocation status using two primary methods. The first method is through the registrar's website. Bigshare Services Pvt Ltd is the designated registrar for this issue. On their website, investors can find a dedicated section for IPO allotment status. By selecting Aastha Spintex from the dropdown menu and entering details such as their PAN, application number, or DP client ID, users can view the outcome of their application.
Alternatively, applicants can check the status on the official websites of the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). These platforms also provide an investor portal where one can track IPO allotment by inputting the necessary application identifiers. Both methods are official and direct ways to confirm whether shares have been credited.
What Happens Next For Applicants
For investors who are allocated shares, the next step involves the credit of these shares into their Demat accounts. This typically occurs before the stock is listed on the stock exchanges. Those who were not allocated shares should monitor their bank accounts for the release of the funds that were previously blocked for the application. Investors often track the date of listing, which is generally announced by the company following the finalisation of the allotment process.