Alpine Texworld IPO Listing: Shares of textile company Alpine Texworld made their stock market debut on Tuesday, July 21, following the completion of its Rs 126.25 crore initial public offering.
On the BSE, the stock debuted at Rs 105 per share, in line with the upper end of its IPO price band. However, within minutes of listing, it hit the 5 per cent lower circuit at Rs 99.75.
The Alpine Texworld IPO opened for bidding on Tuesday, July 14. The issue opened for subscription alongside the much-awaited SBI Funds Management IPO and was subscribed 1.40 times.
The subscription was led by the Retail Individual Investors (RIIs) segment, followed by Qualified Institutional Buyers (QIBs) and Retail Individual Investors (RIIs). Here’s the final subscription breakdown:
- Qualified Institutional Buyers (QIBs): 1.09 times
- Non-Institutional Investors (NIIs): 1.09 times
- Retail Individual Investors (RIIs): 1.54 times
Overall, the IPO received bids for 1,68,76,274 shares against the 1,20,24,000 shares on offer.
Alpine Texworld IPO was launched with a price band of Rs 100-105 per share, a face value of Rs 10 and a lot size of 142 shares.
Investors were required to make a minimum investment of Rs 14,910 to apply for one lot. The IPO was worth Rs 126.25 crore. The allotment was finalised on July 17, 2026, while funds were unblocked or debited on the same day.
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.)
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