MediumNeutral
Announced Wed, 1 Jul · 08:52 IST
Aastha Spintex IPO Day 3: Last day to buy; check GMP, subscription status, and other details - Apply or not?
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Aastha Spintex's ₹170-crore IPO, comprising a fresh issue of 1.25 crore shares at ₹125-136 per share, closed on July 1 with a muted grey market premium of ₹6.25 (about 4.6% above the issue price). The IPO was subscribed 1.61 times by end of Day 2, with proceeds earmarked primarily for the ₹111.51 crore acquisition of Falcon Yarns Private Limited. Brokerages Swastika Investmart and Ventura Securities recommended 'Subscribe', citing revenue growth from ₹239 crore in FY23 to ₹351 crore in FY25 and net profit rising from ₹1 crore to ₹23 crore. The shares are scheduled to list on BSE and NSE on July 6.