Aastha Spintex IPO 2026: dates, GMP, Day 3 update

What is happening on Day 3

Aastha Spintex’s initial public offering (IPO) opened for subscription on Monday, June 29, 2026 and is scheduled to close on Wednesday, July 1, 2026. Day 3 subscription activity begins at 10 am, as indicated in the updates. The issue is a book building IPO and the company is raising capital through a fresh issue only. The IPO price band has been fixed at ₹125 to ₹136 per equity share. The issue has drawn a mixed set of subscription data points across different timestamps and sources in the provided updates. Investor sentiment, as reflected through the grey market premium (GMP), has been described as muted.

Key IPO terms: price band, lot size, face value

The IPO is offered in a price band of ₹125 to ₹136 per share, with a face value of ₹10 per equity share. The lot size is 110 shares, and bids can be placed for a minimum of 110 shares and in multiples of 110. At the upper end of the price band, one retail lot requires ₹14,960 (110 shares x ₹136). A separate update also mentions that bidding for the maximum of 13 lots, or 1,430 shares, would require ₹1,94,480. The shares are expected to list on both BSE and NSE.

Issue size and structure: what the article states

Multiple figures for the issue size appear in the provided material. Several updates describe the IPO as aiming to raise ₹170 crore through an entirely fresh issue of 1.25 crore equity shares, with no offer-for-sale (OFS) component. Another section describes it as a public issue (book building) of ₹221.00 crores, with a fresh issue of 1.63 crore shares. Since these numbers appear side-by-side in the source text, they are best treated as conflicting snapshots from different reports rather than a single reconciled figure.

Timeline: open, close, allotment, listing

The issue opened on June 29, 2026 and closes on July 1, 2026. The basis of allotment is expected to be finalised on July 2, 2026. Successful bidders are likely to receive shares in their demat accounts on Friday, July 3, 2026. Refunds to unsuccessful applicants are expected to be initiated on the same day. The shares are tentatively scheduled to list on July 6, 2026 on BSE and NSE.

Grey market premium (GMP) and implied listing view

The GMP figures cited in the updates are modest. One update on July 1 puts the GMP at ₹6.25, suggesting an indicated debut price of ₹142.25, which is described as a 4.6% premium to the IPO price. A June 30 update cites a GMP of around ₹5.50 per share over the issue price. These values, as reported, indicate that the informal grey market was pricing in a relatively small listing premium compared with some higher-demand IPOs.

Subscription snapshots: what the numbers show

The provided material includes several subscription snapshots at different times, and they do not all align. For Day 2 at 10:15 AM on June 30, the total subscription is shown at 0.93x, with QIBs at 0.80x, NIIs at 1.43x, and RIIs at 0.48x. Another stock-exchange-data update at 17:00 IST on June 30 states bids for 2,01,84,670 shares against 1,36,00,000 shares on offer, implying overall subscription of 1.48x. A separate line also states the IPO was subscribed 1.61 times by end of Day 2. Other updates list totals of 1.11x (with Day-wise totals of 0.88x on Day 1 and 1.11x on Day 2), 2.61x overall (with category splits shown), and 3.10x overall (with category splits shown). These are presented below as distinct time-stamped or source-specific snapshots.

Summary table: issue details and intermediaries

Table: subscription and GMP snapshots cited

Valuation references mentioned in the updates

One update states that at the upper end of the price band, the company is expected to be valued at ₹600.33 crore post listing. Another section lists a “Market Cap ₹430.33 Cr at upper price band.” Since both values appear in the provided text without reconciliation, readers should treat them as separate report references rather than a single confirmed number.

Market impact: what investors are watching

The most immediate investor focus areas are the closing-day subscription momentum and the final allotment process. The GMP numbers cited remain in the mid-single digits, which the reports interpret as a small implied premium over the issue price. In subscription data, NIIs show stronger demand in multiple snapshots, while QIB and retail participation varies widely depending on the timestamp and dataset cited. For retail investors, the minimum cheque size of ₹14,960 for one lot at the upper band is a practical decision point, especially when subscription levels fluctuate across categories.

Conclusion

Aastha Spintex’s IPO closes on July 1, 2026 with a ₹125–₹136 price band and a 110-share lot size. The allotment is expected on July 2, with demat credits and refunds expected on July 3, and listing tentatively set for July 6 on BSE and NSE. The grey market indicators cited in the updates remain modest, and subscription data points vary across timestamps and sources. The next confirmed milestone for applicants is the basis of allotment on July 2.