Aastha Spintex IPO opens for subscription today. Check GMP, brokerages review and other details

Aastha Spintex, a Gujarat-based cotton spun yarn manufacturer, opened its IPO for subscription. Proceeds will fund the acquisition of Falcon Yarns (more than doubling spinning capacity from 7,700 MT to 17,457 MT annually), working capital, and general corporate purposes. The company reported FY25 total income of Rs 352.2 crore and net profit of Rs 22.9 crore, with the issue valued at around 18.8 times FY25 earnings. Swastika Investmart assigned a Subscribe rating, citing improving profitability and about 80 percent of energy needs met through solar and wind power.