Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
Business
Ritesh Presswala

Aastha Spintex IPO Day 3: Issue subscribed 3 times; Check GMP and other details. Should you apply?

The Rs 170 crore Aastha Spintex IPO is in its final day of bidding and is drawing solid investor interest so far. The issue has been subscribed 3.06 times overall, with bids for 4.16 crore shares against 1.36 crore shares on offer, reflecting healthy demand. The Retail Individual Investors (RII) portion was subscribed at 1.73 times, with 54.40 lakh shares reserved for the category.

The Grey Market Premium (GMP) is indicating a potential ~5% listing gain if market sentiment holds steady. Based on the prevailing GMP, the stock is expected to debut at around Rs 142, compared with the upper end of the price band at Rs 136.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.