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Aastha Spintex Shares Soar 7% After 1:1 Bonus Issue Adjustment
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CNBC TV18•28-09-2026, 09:35
Aastha Spintex Shares Soar 7% After 1:1 Bonus Issue Adjustment
- •Aastha Spintex shares began trading adjusted for a 1:1 bonus issue on Monday, September 28, leading to a 7% jump.
- •Eligible shareholders received one bonus share for every one share owned as of the record date, September 28.
- •This marks the company's first bonus issue within three months of its mainboard IPO, which was worth ’170 crore.
- •The IPO saw strong subscription, with NIIs subscribing 8.3 times and QIBs 3.59 times; retail shareholders subscribed 2.54 times.
- •Despite the bonus, the stock is down 47% from its issue price of ’136 and has frequently traded within circuit limits since listing.
Key Questions Answered
Eligible shareholders will receive one bonus share for every one share they own, with September 28 fixed as the record date for the 1:1 bonus issue.
Investors who had the stock in their demat account as of Friday's closing are eligible for the bonus issue, whereas those buying shares on September 28 will not qualify.
Aastha Spintex held a mainboard IPO worth 170 crore rupees consisting of a complete fresh issue of shares, which saw strong subscription led by institutional and retail investors.
