MediumNeutral
Announced Thu, 16 Jul · 19:43 IST

Alpine Texworld IPO sails through on Day 3: Check subscription status, GMP and other key details

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Alpine Texworld's IPO was fully subscribed on the final day, with overall subscription reaching 1.40 times — retail portion at 1.56 times, NII at 1.09 times, and QIB at 1.09 times. The entirely fresh issue of 1.20 crore shares was priced at Rs 100–105, aiming to raise Rs 126 crore for a new weaving unit in Ahmedabad and debt prepayment. Grey market premium fell to nil, suggesting the stock may list flat at the issue price, with listing scheduled for July 21 on BSE and NSE.