Aastha Spintex IPO GMP Today, Price & Details
Aastha Spintex IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Aastha Spintex
Aastha Spintex operates in India's textile value chain as a cotton-yarn spinner — the kind of upstream manufacturer that turns raw cotton into the yarn that feeds fabric and garment makers. It's a capital-intensive, commodity-linked business where scale and cost control decide profitability. The IPO was a mainboard offering on the NSE, sized at ₹170 Cr and priced at ₹125–136 per share with a face value of ₹10.
On the financials, the company reported revenue of ₹477.21 Cr and net profit of ₹20.52 Cr, giving it a far healthier EBITDA margin of 13.20% than you'd typically expect from a pure commodity spinner. Its return ratios back that up, with RONW of 18.93% and ROCE of 18.89% sitting comfortably in the high teens.
Crucially, this was a 100% fresh issue — the entire ₹170 Cr flows into the company rather than to selling shareholders. That's a meaningful positive: fresh capital can fund capacity expansion, working capital, or debt reduction, all of which support future growth in a scale-driven business.
Aastha Spintex IPO — Investment Analysis
At the top of the band (₹136), Aastha Spintex was valued at 20.16x earnings on an EPS of ₹6.20. For a textile spinner that's on the fuller side — the sector often trades cheaper — so the market was pricing in the company's above-average margins and returns rather than offering a bargain.
The financial profile is genuinely solid for the space. A 13.20% EBITDA margin and a NAV of ₹43.80 point to an efficiently run operation, and the twin 18.9% return ratios show capital is being put to good use. Revenue of ₹477.21 Cr gives it reasonable scale for a mainboard debutant.
The risks are the classic textile ones. Cotton is a volatile raw material, and yarn spreads can compress quickly when input costs rise or demand from downstream fabric makers cools. Being a single-product, commodity-linked business, earnings can swing with the cotton cycle — so the strong recent margins need to prove durable.
Investor response was steady rather than euphoric: the issue was subscribed 8.29x overall, led by NII at 8.29x, with QIB at 3.59x and retail a modest 2.54x. That's a healthy book without the frenzy of a hot issue. You can estimate per-lot outcomes with our IPO profit calculator. Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
Aastha Spintex IPO — Pros & Cons
Strengths
- A 100% fresh issue means the full ₹170 Cr goes into the business — capital that can fund expansion, working capital, or debt reduction rather than cashing out promoters.
- Above-average profitability for a spinner, with a 13.20% EBITDA margin — a notch better than many commodity textile peers and a sign of disciplined cost control.
- Solid, balanced return ratios, with RONW of 18.93% and ROCE of 18.89% almost identical — a sign the business earns consistent returns on both equity and total capital.
- Reasonable scale for a mainboard listing, with revenue of ₹477.21 Cr giving it more heft than the typical small-cap textile debutant.
- A healthy book, subscribed 8.29x overall, reflecting steady rather than speculative demand across investor categories.
Risks
- Full valuation at 20.16x earnings, which is rich for a textile spinner — the sector usually trades cheaper, so there's less margin of safety in the price.
- Heavy exposure to cotton prices, a volatile raw material. When input costs spike, yarn spreads compress and margins can shrink fast.
- A single-product, commodity-linked model means earnings ride the cotton cycle, so the recent strong margins may not hold through a downturn.
- Modest retail enthusiasm, with the retail portion subscribed just 2.54x — a lukewarm signal from small investors compared with hotter issues.
- As a capital-intensive spinner, the business needs continual investment to grow, which can pressure cash flows and returns if expansion is mistimed.
Aastha Spintex IPO Details
| Company Name | Aastha Spintex |
|---|---|
| IPO Type | MAINBOARD |
| Exchange | NSE |
| Price Band | ₹125 - ₹136 |
| Face Value | ₹10 per share |
| Lot Size | 110 shares |
| Min Investment | ₹14,960 |
| Total Issue Size | ₹170.00 Cr |
|---|---|
| Fresh Issue | ₹170.00 Cr |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Manager | List of Issues managed, BOI Merchant Bankers Ltd., PNB Investment Services Ltd. |
| IPO Status | Listed |
Aastha Spintex IPO Dates
Aastha Spintex IPO Subscription Status
Day-wise Subscription Trend
| Date | Retail | NII/HNI | QIB | Total |
|---|---|---|---|---|
| 01 Jul 2026 | 2.33x | 7.62x | 3.30x | 4.64x |
| 30 Jun 2026 | 0.96x | 2.28x | 0.94x | 1.48x |
| 29 Jun 2026 | 0.41x | 1.38x | 0.80x | 0.88x |
Aastha Spintex IPO Listing Performance
Aastha Spintex IPO listed on NSE on 06 Jul 2026 at ₹130, a discount of 4.4% below the issue price of ₹136. Investors who received allotment faced a loss of ₹660 per lot (110 shares) on listing day.
Aastha Spintex IPO — Key Highlights
- Mainboard NSE textile spinner, IPO sized at ₹170 Cr.
- A 100% fresh issue — all proceeds go into the company.
- Healthy 13.20% EBITDA margin, strong for a commodity spinner.
- Balanced return ratios, with RONW of 18.93% and ROCE of 18.89%.
- Subscribed 8.29x overall, led by NII at 8.29x.
- Priced at 20.16x earnings on an EPS of ₹6.20.
Aastha Spintex Financial Performance
| Metric (₹ Cr) | FY 2023 | FY 2024 | FY 2025 | 9M FY 2026* |
|---|---|---|---|---|
| Revenue | 239.27 | 304.86 | 351.16 | 477.21 |
| Expenses | 238.39 | 284.44 | 319.50 | 457.83 |
| Net Income (PAT) | 1.05 | 16.29 | 22.92 | 20.52 |
| Margin (%) | 0.44% | 5.34% | 6.96% | 4.30% |
Aastha Spintex IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹6.20 |
|---|---|
| P/E Ratio | 20.16x |
| NAV | ₹43.80 |
| Current Ratio | 8,211.00 |
| Debt/Equity | 0.790 |
Return Metrics
| RONW (%) | 18.93% |
|---|---|
| ROCE (%) | 18.89% |
| EBITDA Margin | 13.20% |
| Employees | 205 |
Aastha Spintex IPO Reservation / Allocation
Aastha Spintex IPO Peer Comparison
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
|---|---|---|---|---|---|
| Astha Spintex* | 21.92 | 6.20 | 18.93 | 43.80 | 597.14 |
| Ambika Cotton Mills | 14.25 | 114.83 | 7.27 | 1,579.25 | 702.07 |
| Lagnam Spintex | 11.15 | 7.28 | 10.64 | 68.41 | 605.56 |
| Pashupati Cotspin | 106.54 | 0.82 | 8.35 | 9.78 | 636.70 |
Aastha Spintex IPO Lead Manager & Registrar
Book Running Lead Manager
List of Issues managed, BOI Merchant Bankers Ltd., PNB Investment Services Ltd.
IPO Registrar
Bigshare Services Pvt.Ltd.
Aastha Spintex IPO — Frequently Asked Questions
What is Aastha Spintex IPO GMP today?
As of today, the Grey Market Premium (GMP) for Aastha Spintex IPO is ₹5 per share, indicating a potential listing premium of 3.7% above the issue price of ₹136.
What is the price band and lot size of Aastha Spintex IPO?
Aastha Spintex IPO has a price band of ₹125 to ₹136 per equity share with a face value of ₹10. The minimum lot size is 110 shares, requiring a minimum investment of ₹14,960 at the upper band.
What are the important dates for Aastha Spintex IPO?
Aastha Spintex IPO opens for subscription on 29 Jun 2026 and closes on 01 Jul 2026. Allotment is expected on 02 Jul 2026. The shares are expected to list on NSE on 06 Jul 2026.
What is the investor category allocation in Aastha Spintex IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 20.00%, Non-Institutional Investors (NII/HNI): 40.00%, and Retail Individual Investors: 40.00%.
How can I apply for Aastha Spintex IPO?
You can apply for Aastha Spintex IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment. The registrar for this IPO is Bigshare Services Pvt.Ltd..
What is the subscription status of Aastha Spintex IPO?
Aastha Spintex IPO has been subscribed 8.29 times overall. Retail category: 2.54x, NII/HNI: 8.29x, QIB: 3.59x.
What was Aastha Spintex IPO's price band and lot size?
Aastha Spintex was priced at ₹125 to ₹136 per share, with a lot of 110 shares. At the upper band the minimum retail investment came to about ₹14,960, and the face value was ₹10.
Is Aastha Spintex a fresh issue or an offer for sale?
It was a 100% fresh issue — the entire ₹170 Cr raised goes into the company rather than to selling shareholders. That's generally a positive, since fresh capital can fund growth, working capital, or debt reduction.
How strong were Aastha Spintex's financials?
Fairly strong for a textile spinner: revenue of ₹477.21 Cr, net profit of ₹20.52 Cr, a 13.20% EBITDA margin, and matching return ratios of about 18.9%. The valuation of 20.16x earnings, though, is on the fuller side for the sector.
What are the key risks in Aastha Spintex IPO?
The main risks are cotton-price volatility and the commodity-linked, single-product nature of spinning, which can compress margins in a downturn. The 20.16x valuation also leaves limited room for error if earnings wobble.