The initial public offering (IPO) of Aastha Spintex opened for subscription on Monday and received a healthy response from investors on Day 1. As of 2:10 pm, the issue was subscribed 52%. The Grey Market Premium (GMP) is hovering around 4%, indicating modest listing gains. Based on the prevailing GMP, the IPO's estimated listing price is around Rs 141.
The Rs 170 crore IPO is entirely a fresh issue of equity shares, with no offer-for-sale (OFS) component. The issue is priced in the range of Rs 125-136 per share and will close for subscription on July 1. The shares are proposed to be listed on the BSE and NSE.