Alpine Texworld IPO, July 15 -- The initial public offering (IPO) of Alpine Texworld witnessed a subdued response from investors on the opening day of bidding, with the issue subscribed 0.28 times.

Founded in February 2016, Alpine Texworld is engaged in the dyeing, processing, and manufacturing of textiles, specialising in the production of high-quality fabrics.

The company operates two manufacturing units with advanced dyeing and finishing capabilities, serving garment manufacturers and textile traders. Together, these facilities have an installed annual processing capacity of 6,000 metric tonnes (MT) of cotton and blended yarn.

The Alpine Texaworld IPO has been subscribed 0.32 times so far on the second day of bidding, as of 10:10 am...