Alpine Texworld IPO Surges to Full Subscription on Final Day as Grey Market Premium Signals Listing Gains

Alpine Texworld IPO Surges to Full Subscription on Final Day as Grey Market Premium Signals Listing Gains​

Alpine Texworld Limited has witnessed a significant surge in investor appetite, achieving 100 percent subscription by 11:00 am on July 16. The mainboard issue, which opened on July 14, successfully captured substantial interest during its final day of bidding.

Data from the National Stock Exchange reveals that the company received bids for 1,18,94,204 shares against the 1,20,24,000 shares currently on offer. This robust demand highlights a strong market conviction in the textile firm's growth trajectory.

Institutional and Retail Demand Drives Subscription Levels​

The subscription success was largely propelled by Qualified Institutional Buyers (QIBs) and Retail Individual Investors (RIIs), who both fully subscribed to their respective reserved quotas. In contrast, the portion set aside for Non-Institutional Investors (NIIs) saw a subscription level of 80 percent.

This concentration of demand underscores a high level of confidence from organized institutional players and individual investors alike. The momentum culminated in the full subscription status achieved before the bidding window closed.

Issue Details and Grey Market Expectations​

The ₹126.25 crore IPO consists entirely of a fresh issue of 1.2 crore equity shares, with no offer-for-sale (OFS) component included. The price band for the issuance was established between ₹100 and ₹105 per share.

Market tracking platforms indicate that the company's shares commanded a grey market premium (GMP) of ₹5 in the unlisted market as of the morning of July 16. Based on this figure, the estimated listing price sits around ₹110 per share, which suggests a potential gain of nearly 5 percent for investors.

It is essential to note that the grey market premium is based on speculation and does not constitute official data from the exchange. Both Investorgain and IPO Watch reported the same premium level in their respective unlisted market assessments.

Allotment Timeline and Listing Schedule​

Retail investors were required to apply for a minimum of one lot, which consists of 142 shares. This translates to a minimum investment of ₹14,910 at the upper price band. The issuance is notably competing with the SBI Funds Management IPO, which opened on the same day.

The share allotment process is expected to be finalized on July 17. Investors can expect the shares to begin trading on both the BSE and NSE starting from July 21. D&A Financial Services Pvt. Ltd. serves as the book-running lead manager, while Kfin Technologies Ltd. acts as the registrar for the issue.

Strong Financial Performance and Strategic Expansion​

Alpine Texworld plans to utilize the net proceeds from this fresh issue to establish a new weaving unit in Ahmedabad, Gujarat. Additionally, the funds will be deployed to repay existing borrowings and support general corporate purposes.

The company has demonstrated impressive financial growth over the recent fiscal period ending March 2026. Total income rose by 47 percent to ₹350.18 crore from ₹237.66 crore in the previous year, showcasing a strong operational expansion.

Profitability metrics also showed remarkable gains during this period. Profit after tax (PAT) surged by 152 percent year-on-year to ₹21.72 crore from ₹8.63 crore. Furthermore, EBITDA improved significantly to ₹47.45 crore from the previous year's ₹27.00 crore, reinforcing the company's solid fiscal standing.