Alpine Texworld IPO Day 2: GMP Hits 10% as Subscription Rates Soar—Key Valuation and Details Inside!

The Rs 126.25 crore IPO of Alpine Texworld Limited has entered its second day of bidding, showcasing robust interest from investors. The company has set a price band of Rs 100 to Rs 105 per equity share and aims to issue 1.20 crore equity shares entirely as a fresh issue, with no offer-for-sale component. As of the first day of bidding, the IPO was subscribed 28%, with Retail Individual Investors (RIIs) reporting a 25% subscription against the 84.16 lakh shares reserved for them. The subscription period will remain open until July 16, 2026, providing investors ample opportunity to participate in the offering.

In the grey market, the IPO is currently trading at a premium of approximately 10%, implying a potential listing price of around Rs 115 per share. This premium serves as an unofficial market indicator and reflects the prevailing market sentiment toward the stock prior to its official debut on the National Stock Exchange (NSE) and BSE, anticipated for July 21, 2026. While this sentiment may bode well for potential investors, they should remain cautious as the grey market premium is subject to fluctuations and does not guarantee performance upon listing.

For Indian investors, the Alpine Texworld IPO presents an attractive valuation, with the price-to-earnings (P/E) multiple estimated between 12.22 times and 12.84 times, which is considerably lower than the industry peer average of around 60.69 times. The company plans to utilize the raised capital for capacity expansion, debt reduction, and general corporate purposes, including setting up a new weaving unit in Ahmedabad. With its focus on both traditional textile production and renewable energy initiatives, Alpine Texworld offers a compelling investment opportunity in the evolving Indian textile market.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)