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Alpine Texworld IPO enters Day 2 with QIBs leading subscription. (AI Generated Image)
Alpine Texworld IPO GMP: The initial public offering (IPO) of textile company Alpine Texworld continued to remain in focus as the issue entered its second day of subscription on Wednesday, July 15. The IPO opened for bidding on Tuesday, July 14. The IPO opened for subscription alongside the much-awaited IPO of SBI Funds Management.
So far, the subscription has been led by the Qualified Institutional Buyers(QIBs) segment, followed by Retail Individual Investors (RIIs). Here's the full subscription breakdown:
- Qualified Institutional Buyers (QIBs): Fully subscribed
- Non-Institutional Investors (NIIs): 0.39 times
- Retail Individual Investors (RIIs): 0.45 times
This means the IPO received bids for 52,67,916 shares against the 1,20,24,000 shares on offer.
On day 2 of the issue, investor interest in the grey market has substantially grown. The grey market premium (GMP) currently stands at Rs 10, indicating an expected listing premium of around 9.52 per cent. This suggests listing at Rs 115 per share as against the upper price band of Rs 105. The IPO's GMP has increased from Rs 5 on July 14 to Rs 10 currently.
Alpine Texworld has fixed the price band at Rs 100-105 per share, with a face value of Rs 10 and a lot size of 142 shares.
Investors will need a minimum investment of Rs 14,910 to apply for one lot. The IPO is sized at Rs 126.25 crore. The allotment is scheduled for July 17, 2026, while funds will be unblocked or debited on July 17, 2026. The company's shares are tentatively scheduled to list on July 21, 2026.
For the Alpine Texworld Ltd IPO, Kfin Technologies has been appointed as the registrar to the issue. Investors can check the Alpine Texworld Ltd IPO allotment status through the registrar's website once the allotment process is completed. D and A Financial Services Private Limited is the book running lead manager for the issue.
Alpine Texworld Ltd is an Ahmedabad-based textile manufacturer incorporated in 2016, engaged in the manufacturing and trading of grey fabric and yarn, with integrated spinning, weaving and yarn sizing operations. Led by Managing Director Sandeep Agrawal, the company plans to utilise the IPO proceeds to expand production capacity, repay borrowings and meet general corporate purposes.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
Akshat Mittal
Chief Copy Editor
Akshat Mittal is the Chief Copy Editor at ET NOW with over 6 years of experience, specialising in Markets, Personal Finance, and General News. Before joining ET NOW, he worked with prominent media organisations and has reported on numerous major events firsthand. He has also conducted several high-profile interviews on topics such as the 8th Pay Commission and the IMF’s loan to Pakistan amid Operation Sindoor. Akshat has been involved in numerous key business launches, covering these events on the ground. His articles are widely published in national magazines and newspapers, where he has conducted several interviews with prominent political figures. He was the first to bring out the IMF spokesperson’s statement on the voting pattern of the Executive Directors, following reports claiming that 'no is not an option' in the IMF voting procedure. Akshat is passionate about public speaking and has delivered numerous lectures at colleges and schools. He also served as a member of a Youth Parliament in Delhi.
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