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What is the story about?
Two companies are set to tap the primary market next week, collectively seeking to raise nearly ₹610 crore through their initial public offerings (IPOs).
Textile manufacturer Aastha Spintex will open its IPO for subscription on June 29, with the issue closing on July 1. The company has fixed the issue price at ₹136 per share, and investors can bid for a minimum of 110 shares, translating into an investment of ₹14,960.
The IPO comprises an offer of 1.25 crore equity shares. The basis of allotment is expected to be finalised on July 2, while the shares are slated to list on July 6.
Meanwhile, Gujarat-based packaging solutions provider Knack Packaging will launch its ₹440 crore IPO on July 1, making it the first mainboard public issue of July.
The company has fixed a price band of ₹161-170 per share. The IPO consists of a fresh issue worth ₹380 crore and an offer for sale of 35 lakh shares by existing shareholders worth ₹59.5 crore.
At the upper end of the price band, the company is expected to raise ₹439.5 crore and command a valuation of nearly ₹2,080 crore.
The anchor investor portion will open on June 30, while the public issue will remain open until July 3. Share allotment is expected to be completed by July 6, with listing scheduled for July 8.
Knack Packaging has reserved shares worth ₹2 crore for employees, who will receive a discount of ₹16 per share to the final issue price. Investors can bid for a minimum of 88 shares and in multiples thereafter.
Of the total offer, 50% has been earmarked for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors.
The company plans to utilise ₹320 crore from the fresh issue proceeds to partly fund a new manufacturing facility at Borisana in Gujarat. The proposed unit will manufacture printed and laminated woven polypropylene bags and pinch-bottom bags.
Knack Packaging reported strong financial performance in FY26, with net profit rising 25.6% to ₹92.7 crore and revenue increasing 11.8% to ₹823.4 crore.
Systematix Corporate Services, IDBI Capital Markets & Securities and Pantomath Capital Advisors are the book-running lead managers to the issue.
Textile manufacturer Aastha Spintex will open its IPO for subscription on June 29, with the issue closing on July 1. The company has fixed the issue price at ₹136 per share, and investors can bid for a minimum of 110 shares, translating into an investment of ₹14,960.
The IPO comprises an offer of 1.25 crore equity shares. The basis of allotment is expected to be finalised on July 2, while the shares are slated to list on July 6.
Meanwhile, Gujarat-based packaging solutions provider Knack Packaging will launch its ₹440 crore IPO on July 1, making it the first mainboard public issue of July.
The company has fixed a price band of ₹161-170 per share. The IPO consists of a fresh issue worth ₹380 crore and an offer for sale of 35 lakh shares by existing shareholders worth ₹59.5 crore.
At the upper end of the price band, the company is expected to raise ₹439.5 crore and command a valuation of nearly ₹2,080 crore.
The anchor investor portion will open on June 30, while the public issue will remain open until July 3. Share allotment is expected to be completed by July 6, with listing scheduled for July 8.
Knack Packaging has reserved shares worth ₹2 crore for employees, who will receive a discount of ₹16 per share to the final issue price. Investors can bid for a minimum of 88 shares and in multiples thereafter.
Of the total offer, 50% has been earmarked for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors.
The company plans to utilise ₹320 crore from the fresh issue proceeds to partly fund a new manufacturing facility at Borisana in Gujarat. The proposed unit will manufacture printed and laminated woven polypropylene bags and pinch-bottom bags.
Knack Packaging reported strong financial performance in FY26, with net profit rising 25.6% to ₹92.7 crore and revenue increasing 11.8% to ₹823.4 crore.
Systematix Corporate Services, IDBI Capital Markets & Securities and Pantomath Capital Advisors are the book-running lead managers to the issue.
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