Aastha Spintex’s initial public offering was oversubscribed 4.42 times by mid-afternoon on Wednesday, the final day of bidding for the textile manufacturer’s equity debut.
The issue, which had already reached full subscription on the second day, saw continued investor interest across all categories as the bidding window neared closure.
Demand was particularly robust in the non-institutional investor (NII) segment, which was subscribed 7.56 times.
Qualified institutional buyers (QIBs) booked 2.70 times their allocation, while the retail portion received 2.13 times subscription with several hours of bidding still remaining.
The strong uptake underscores sustained appetite for the company’s shares despite the issue being fully subscribed earlier in the week.
The oversubscription levels reflect confidence in Aastha Spintex’s market position within the textile sector.