Aastha Spintex IPO 2026: ₹170 crore issue, key dates

IPO announcement and why it matters

Aastha Spintex, a Gujarat-based manufacturer of cotton yarn and cotton bales, is heading to the primary market with a ₹170 crore initial public offering (IPO). The issue is positioned as a capital-raising exercise, with the company outlining a clear use of proceeds tied largely to an acquisition. For investors, the offer is notable because it is a pure fresh issue, meaning the proceeds flow to the company rather than existing shareholders.

The company’s IPO will be listed on both the NSE and BSE, widening access for market participants across exchanges. The subscription window is scheduled for three days, which is typical for book-built issues in India. The anchor book is slated to open a few days ahead of the public issue.

Issue structure: fresh issue with no OFS

The Aastha Spintex IPO comprises an entirely fresh issue of shares, with no offer-for-sale (OFS) component. Reported issue size is 1.25 crore shares aggregating to ₹170 crore. The issue has been described as a book-building IPO.

Because the entire issue is fresh capital, the post-issue deployment of funds becomes central to how investors evaluate the offer. In this case, a majority of the proceeds are earmarked for acquiring Falcon Yarns Private Limited, alongside funding Falcon Yarns’ working capital needs and meeting general corporate requirements.

Price band and key application terms

The price band for the issue has been fixed at ₹125 to ₹136 per share. The face value of the equity shares is ₹10.

The lot size for an application is 110 shares and in multiples thereafter. At the upper end of the price band, the minimum application amount works out to ₹14,960.

Important dates: anchor, issue opening, allotment, listing

The anchor book is scheduled to open for a day on June 25, 2026. The IPO will open for public subscription on June 29, 2026 and will close on July 1, 2026.

As per the stated timetable, the company is expected to finalise the basis of allotment by July 2, 2026. Refund initiation and credit of shares to demat accounts are scheduled for July 3, 2026. The shares are expected to list on July 6, 2026 on both NSE and BSE.

How Aastha Spintex plans to use the IPO proceeds

Aastha Spintex has outlined specific objects of the issue with amounts disclosed for key items. Of the ₹170 crore to be raised, ₹111.51 crore is intended for part payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited.

In addition, ₹10 crore is planned to be used for funding the working capital requirements of Falcon Yarns. The company has also indicated that the remaining proceeds will be used for general corporate purposes.

One disclosure also notes that ₹111.51 crore represents 65.6% of the total issue, and that the acquisition is planned through a three-tranche deal totalling ₹131.51 crore.

Acquisition focus: Falcon Yarns stake plan

A key stated highlight of the IPO is the proposed acquisition of Falcon Yarns Private Limited. Aastha Spintex has already acquired a 15.21% stake in Falcon Yarns and plans to acquire the remaining 84.79% after the IPO.

The stated intent behind the acquisition is to expand production capacity, strengthen its position in India’s cotton spinning industry, serve a broader customer base, and improve its presence in domestic and international markets. These points have been presented as strategic objectives linked to the use of funds from the fresh issue.

Investor allocation details: what is reported

Issue allocation details have been reported as 20% of the net offer reserved for qualified institutional buyers (QIBs), 40% for retail investors, and 40% for non-institutional investors (NIIs). Another summary mentions a 35% reservation for retail investors.

Given the difference across reported summaries, investors typically rely on the final offer document and exchange filings for the definitive category-wise allocation. The IPO remains a book-built issue, with pricing discovered within the stated band.

Lead managers and registrar for the issue

BOI Merchant Bankers and PNB Investment Services have been named as the book-running lead managers for the issue. Separately, the issue has also been described as being managed by I Merchanters and NB Investment.

Bigshare Services will act as the registrar to the issue. The equity shares are set to debut on both the NSE and BSE.

Key IPO facts at a glance

What to track as the IPO approaches

With the issue opening on June 29, investors will watch the final pricing within the band, subscription levels across investor categories, and the final allotment process timeline. The large earmarking of proceeds toward the Falcon Yarns acquisition makes execution and post-transaction integration central to the company’s stated plans.

The next confirmed milestones are the anchor book on June 25, followed by the three-day subscription window through July 1, and the expected listing on July 6, 2026.