Alpine Texworld IPO opens today: Check GMP, price band, issue details and valuation

Alpine Texworld's Rs 126.25 crore IPO opens today with a price band of Rs 100-105 per share, comprising a fresh issue of 1.2 crore equity shares with no offer-for-sale component. The textile manufacturer's shares are trading at a grey market premium of around Rs 2, indicating a modest 2% premium over the upper price band and an estimated listing price of about Rs 107. The issue is priced at a P/E of 12.84 times at the upper band, well below the industry peer average of around 60.69 times.