Ahmedabad-based textile manufacturer Alpine Texworld has finalized the allotment of shares for its Initial Public Offering (IPO) today, July 17. Investors who participated in the bidding process can now verify their application status as the company prepares for its stock market debut.
The IPO, which was open for subscription from July 14 to July 16, offered shares in a price band of Rs 100-105 apiece. The company aimed to raise Rs 126 crore through a fresh issue of up to 1,20,24,000 equity shares, with a minimum lot size of 142 shares.
Subscription Details and GMP Outlook
Alpine Texworld's IPO received a muted response from investors, being subscribed 1.40 times overall with less than 77,000 applications. The retail portion saw a subscription of 1.54 times, while both the non-institutional investors (NIIs) and qualified institutional bidders (QIBs) categories were subscribed 1.09 times each.
The Grey Market Premium (GMP) for Alpine Texworld shares has seen a significant decline, last reported at Rs 1-2 per share. This indicates a potential for a flat listing for investors. During the bidding period, the GMP ranged between Rs 5-8 per share.
How to Check Your Alpine Texworld IPO Allotment Status
Applicants can check their allotment status through various platforms once the data is updated:
On the BSE Website:
- Visit the official BSE website: https://www.bseindia.com/investors/appli_check.aspx
- Under 'Issue Type', select 'Equity'.
- From the 'Issue Name' dropdown, choose 'Alpine Texworld Limited'.
- Enter your 'Application Number'.
- Input your 'PAN ID'.
- Complete the 'I am not a Robot' captcha and click 'Search'.
On the NSE Website:
- Go to the NSE investor services page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select 'Equity & SME IPO Bid details'.
- Under 'Select Symbol', choose 'ALPINETEX'.
- Enter your 'PAN No.' and 'Application No.'.
- Click 'Submit' to view your status.
Via the Issue Registrar (KFin Technologies):
- Access the KFin Technologies IPO status portal: https://kosmic.kfintech.com/ipostatus
- Select the Alpine Texworld IPO name from the dropdown (this will appear once allotment is finalized).
- Choose one of the three search modes: 'Application Number', 'Demat Account number', or 'PAN ID'.
- Select your 'Application Type' (ASBA or non-ASBA).
- Enter the required details based on your chosen mode.
- Fill in the security captcha accurately and click 'Submit'.
Important Dates for Investors
- Refund Initiation/Fund Debit: Monday, July 20
- Share Listing on BSE and NSE: Tuesday, July 21
About Alpine Texworld
Incorporated in February 2016, Alpine Texworld specializes in dyeing and processing high-quality fabrics. The Ahmedabad-based company operates two well-equipped manufacturing units, offering a diversified range of products to garment manufacturers and traders. D&A Financial Services served as the sole book-running lead manager for the IPO, with KFin Technologies Limited acting as the official registrar to the issue.