Aastha Spintex shares to list today. Check GMP ahead of debut

Aastha Spintex is set to list on BSE and NSE today after its Rs 170 crore IPO was subscribed 4.64 times overall, with NII quota leading at 7.62 times. Grey market premium stood at around 2 percent, indicating a muted listing near Rs 139 against the upper price band of Rs 136. The company will use proceeds to acquire Falcon Yarns, which will more than double its spinning capacity to 17,457 MT, alongside working capital needs. FY25 total income rose to Rs 352.2 crore with net profit at Rs 22.9 crore, valuing the IPO at about 18.8 times earnings.