Aastha Spintex IPO
Aastha Spintex IPO Listing Day Performance
Aastha Spintex listed on BSE & NSE on 06 July 2026 at ₹130.00, a 4.41% discount to the issue price of ₹136. A retail investor allotted one lot of 110 shares lost ₹660 at the listing price.
GMP vs actual listing
| Last GMP before listing | ₹7 (+5.2%) |
| GMP-implied listing | ₹143 |
| Actual listing | ₹130.00 |
| Difference | −₹13 (−9.1%) |
Demand going into listing
| Subscribed overall | 4.64× |
| QIB | 3.3× |
| NII | 7.62× |
| Retail | 2.33× |
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.80x | 0.94x | 3.30x |
| NII | 1.38x | 2.28x | 7.62x |
| bNII > ₹10L | 1.15x | 2.16x | 8.37x |
| sNII 2-10L | 1.83x | 2.53x | 6.12x |
| Retail | 0.41x | 0.96x | 2.33x |
| Total | 0.88x | 1.48x | 4.64x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 239.69 | 305.67 | 352.17 | 314.02 |
| Expense | 238.39 | 284.44 | 320.08 | 289.82 |
| Profit (PAT) | 1.06 | 16.29 | 22.92 | 17.56 |
| Total Assets | 172.59 | 240.57 | 274.20 | 331.67 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Aastha Spintex This IPO | 8.29 | - | 18.93 | 43.80 | - |
| Ambika Cotton Mills Limited | 114.83 | 14.25 | 7.27 | 1,579.14 | 702.07 Cr |
| Lagnam Spintex Limited | 7.28 | 11.15 | 10.64 | 68.41 | 605.56 Cr |
| Pashupati Cotspin Limited | 0.82 | 106.54 | 8.35 | 9.78 | 636.70 Cr |
Promoters & Holding Pattern
Promoters: Patel Divyang Jashwantbhai, Rasiklal Valjibhai Patel, Gothi Vivek Rasiklal, and Jashwantbhai Valjibhai Patel
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 3,16,42,190 | 74.23% |
| Promoter Holding Post Issue | 4,41,42,190 | 53.21% |
Strengths & Risks
- Strongly subscribed — 4.6x overall (so far).
- Strong institutional (QIB) demand — 3.3x.
- Revenue grew 15% in the latest reported year.
- Strong return on equity — 23%.
Our data checks haven't flagged a specific concern for Aastha Spintex — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Aastha Spintex
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.
Company Contact Information
Aastha Spintex Ltd., Survey No 1441 1442 1448/1 1449, 1450/2 P2 & 1443/P2,, Halvad Maliya Highway, Halvad, Surendranagar, Gujarat, 363330
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited | - |
| Inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited | - |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
Aastha Spintex IPO - Quick Take
Aastha Spintex has set a price band of Rs 125–Rs 136 per share for an issue size of Rs 170 crore. The stock listed with a 4.41% discount versus its issue price on July 06, 2026.
The issue is promoted by Patel Divyang Jashwantbhai, Rasiklal Valjibhai Patel, Gothi Vivek Rasiklal, and Jashwantbhai Valjibhai Patel with BOI Merchant Bankers Ltd., PNB Investment Services Ltd. acting as lead manager. Net proceeds will primarily be used towards part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited and inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited.
On fundamentals, the company is posting revenue growth of 15.2%, a profit margin of 6.5%, return on equity of 23.2% in its most recent reported period. Listed peers in this segment include Ambika Cotton Mills Limited (P/E 14.25x) and Lagnam Spintex Limited (P/E 11.15x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Aastha Spintex IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 5.2%. Of the 38 Mainboard IPOs we have tracked with a final GMP under 10%, 25 listed above, 6 flat and 7 below the issue price; Aastha Spintex listed 4.4% below its issue price.
See the full Aastha Spintex GMP history and trend, or learn how grey market premium works and how reliable it is.
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