The Rs 126.25 crore Alpine Texworld IPO entered its third and final day of bidding on a firm note, attracting steady investor interest. So far on Day 3, the public issue has been subscribed 1.07 times, with bids received for more than the 1.20 crore equity shares on offer. The Retail Individual Investors (RII) segment continued to lead demand, garnering 1.17 times subscription against the 84.16 lakh shares reserved for the category.
In the grey market, Alpine Texworld's shares were commanding a premium of around 5% over the upper end of the price band, indicating a potential listing price of nearly Rs 110 per share, compared with the issue price of Rs 105. However, investors should note that the grey market premium (GMP) is an unofficial indicator and can change based on market sentiment.
