Alpine Texworld shares to debut today; GMP signals muted listing

Alpine Texworld is set to list on the exchanges with a grey market premium of around 1%, indicating only a marginal upside from the upper price band of Rs 105 per share and pointing to a subdued market debut. The Rs 126.25 crore IPO, which was a fresh issue of 1.20 crore shares with no offer-for-sale component, was subscribed 1.40 times overall, led by retail investors at 1.54 times, while QIB and NII categories each subscribed 1.09 times. Proceeds will be deployed toward capacity expansion (Rs 32.08 crore for a new weaving unit in Ahmedabad), debt repayment of Rs 52.20 crore, and general corporate purposes.