Branch2 Intelligence
Aastha Spintex IPO listing date next week. Here’s what GMP signals about share debut
Key takeaway
Aastha Spintex IPO subscribed 3.30x, driven by non-institutional investors.
- Step 11st-order: Aastha Spintex IPO subscribed 3.30x, with strong non-institutional demand.
- Step 22nd-order: Listing next week likely sees moderate gains, raising ~₹[amount] crore for the company.
- Step 33rd-order: Capital infusion enables working capital expansion and potential capacity addition, improving competitive position in the textile SME segment.
Source: LiveMint Markets
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