Alpine Texworld’s initial public offering achieved full subscription by 11:00 am on July 16, marking a late surge in investor interest on the final day of bidding.
The textile manufacturer’s issue, which had struggled to attract capital earlier in the week, closed with all tranches filled as the subscription window ended.
Despite the full subscription, market sentiment appears cautious.
The grey market premium (GMP) for the shares has fallen to ₹3, implying an estimated listing price of approximately ₹108.
This discount in speculative pricing suggests that while the issue is technically oversubscribed, investors are not pricing in significant upside at launch.
The IPO’s trajectory has been volatile.