Shares of Aastha Spintex Ltd. opened at ₹131.78 on Monday, 4.4% below the ₹136 issue price, following the board’s 1:1 bonus announcement. The adjustment will take effect with the record date on September 28.
The company raised ₹170 crore in its mainboard IPO at ₹136 per share. Institutional and non‑institutional investors subscribed 8.3× and 3.59× respectively, while retail investors purchased at 2.54× the issue price.
Promoters own 53.21% of the shares. Small retail holders with authorized capital up to ₹2 lakh account for 21.96%, whereas larger retail investors hold 14.28%. Alternative Investment Funds hold 2.32% of the equity, with RGSL Investment Fund alone owning 1.48%. Mutual funds do not have any exposure to the stock.
The stock’s volatility has been captured by circuit limits. Over the last four trading sessions, it hit the 10% upper circuit on September 22 and 23, then the 10% lower circuit on September 24 and 25, before settling within 5% to 20% filter limits.
From Monday, the shares will trade on a 1:1 bonus basis. Investors holding shares by Friday’s close are eligible for the bonus; buyers on or after the record date will not receive additional shares. The move is expected to impact liquidity and ownership concentration as the market digests the 47% price decline from the IPO.