New Delhi, July 16 -- The initial public offering (IPO) of Alpine Texworld was fully subscribed on the final day of bidding, driven by strong participation from retail investors.

The issue, which opened on July 14, witnessed a muted response during the first two days. However, a sharp surge in retail demand on the final day helped the IPO sail through, taking the overall subscription to 1.40 times.

By the close of Day 3, the issue had received bids for 1.68 crore shares against the 1.20 crore shares on offer, according to exchange data.

Among investor categories, the retail portion was subscribed 1.56 times, while the non-institutional investor (NII) segment was booked 1.09 times. The qualified institutional buyers (QIB) portion was al...