Alpine Texaworld IPO Day 3: Issue fully subscribed on last day. Check GMP, other details - apply or not?

Alpine Texaworld's mainboard IPO was fully subscribed on the final day of bidding at 1.10 times, supported by strong QIB and retail participation while the NII quota was subscribed 80 percent. The issue is priced at ₹100-105 per share and aims to raise about ₹126 crore through a fresh issue of 1.20 crore shares, with grey market premium at ₹3 suggesting an estimated listing price around ₹108. Brokerage Swastika Investmart assigned a 'Neutral' rating, citing the 18.49 times FY26 P/E as expensive for a commoditised textile business, though part of the proceeds will reduce the company's elevated debt-to-equity ratio of 2.35 times.