The company plans to deploy the IPO proceeds to acquire Falcon Yarns, meet working capital requirements, and support general corporate purposes.

The company plans to utilise the proceeds for the acquisition of Falcon Yarns, funding the working capital requirements of Falcon Yarns and general corporate purposes.

Aastha Spintex IPO saw a steady start on Day 1, subscribed 52% by mid-session, with strong NII demand leading the response. The issue carries a 4% grey market premium, indicating…

Aastha Spintex’s initial public offering (IPO) was fully subscribed on the second day of bidding, with the issue receiving an overall subscription of 1.16 times as of 1.06 pm,…