Aastha Spintex Ltd - IPO

Aastha Spintex Ltd IPO Details

Public offering of up to 1,25,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of Aastha Spintex Limited (the Company or the Issuer for cash at a price of Rs. 136 per equity share (including a share premium of Rs. 126 per equity share) (the Issue Price) aggregating up to Rs. 170.00 Crores (Issue). The issue shall constitute 28.32% of the post-issue paid-up equity share capital of the company.Price Band: Rs. 136 per equity share of face value of Rs. 10 each.The floor price is 13.60 times the face value of the equity shares. Bids can be made for a minimum of 110 equity shares and in multiples of 110 equity shares thereafter.

Objective of issue

Part Payment of the purchase consideration for the acquisition of Falcon Yarns Private Limited. Inter-Corporate deposits for funding working capital requirement of Falcon Yarns Private Limited. General corporate purposes.

Aastha Spintex Ltd Contact Details

Aastha Spintex Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@aasthaspintex.com

Website - www.aasthaspintex.com