Muted Debut! Alpine Texworld share price lists at Rs.105, same as IPO price
New Delhi, July 21 -- Alpine Texworld share price made a muted debut in the Indian stock market today, 21 July, as it got listed at Rs.105 apiece on NSE and BSE, same as its issue price.
The listing underperformed Street expectations, as seen from the grey market premium (GMP). Alpine Texworld IPO GMP stood at Rs.1 per share, which indicated a likely listing price of Rs.106 - a premium of just 0.95% to offer price.
Alpine Texworld's IPO attracted muted investor interest on the final day of bidding, with the public issue being subscribed 1.40 times overall. Demand was led by Retail Investors, whose reserved portion was subscribed 1.53 times. Meanwhile, both the QIBs and NIIs categories were booked 1.09 times each.
The issue received bid...
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