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The Economic Times
The Economic Times
Ritesh Presswala

Alpine Texworld IPO Day 2: GMP at 10%; check subscription, valuation and other key details

Alpine Texworld IPO

The Rs 126.25 crore Alpine Texworld Limited IPO entered its second day of bidding on Wednesday with healthy investor interest. In the grey market, the IPO is commanding a premium of around 10% over its upper price band of Rs 105, implying an estimated listing price of nearly Rs 115 per share. However, the grey market premium (GMP) is an unofficial indicator and can change based on market sentiment.

On the first day of bidding, the IPO was subscribed 28% against the 1.20 crore equity shares on offer. The Retail Individual Investors (RII) portion saw 25% subscription, with bids received for the 84.16 lakh shares reserved for the category. The three-day public issue will remain open for subscription until July 16, 2026.

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