Aastha Spintex has fixed the price band for its initial public offering at ₹125 to ₹136 per share, aiming to raise ₹170 crore.
The issue opens for public subscription on Monday, marking the company's entry into the public markets as a leading manufacturer of cotton yarn and cotton bales.
The pricing places the company in the mid-cap segment, offering investors exposure to the domestic textile supply chain.
The ₹170 crore raise is intended to fund working capital requirements and general corporate purposes, a standard use of proceeds for manufacturing firms seeking to scale operations amid fluctuating raw material costs.
The listing comes as Indian equity markets see a steady flow of industrial IPOs.
Shreedhar Spinners, another textile manufacturer, recently launched its own offering, seeking to raise ₹30.68 crore with a subscription window that opened on June 23.