Aastha Spintex Ltd’s initial public offering has reached 88% subscription by the close of its second day, indicating robust demand from investors ahead of the issue's closure on July 1.
The textile manufacturer priced its equity shares in the range of ₹125 to ₹136, aiming to raise ₹170 crore through the sale of new shares.
The lot size for retail investors is set at 110 equity shares, with the issue structured to allocate 20% to qualified institutional buyers, 40% to non-institutional investors, and 40% to the retail segment.
The lot size for retail investors is set at 110 equity shares, with the issue structured to allocate 20% to qualified institutional buyers, 40% to non-institutional investors, and 40% to the retail segment.
The strong early uptake suggests that market participants are responding positively to the valuation and the company’s positioning in the textile sector.
With the subscription window remaining open for two more days, the issue is on track to be fully subscribed or oversubscribed, which could influence the final pricing and listing performance.
Allotments are expected to be processed on July 2, with the shares scheduled to list on stock exchanges on July 6.