Alpine Texworld lists flat at ₹105; ₹126 crore IPO to fund Ahmedabad capacity
Fabric maker Alpine Texworld debuted at its ₹105 issue price after its ₹126.25 crore IPO was subscribed 1.40 times. Fresh-issue proceeds are earmarked for a new Ahmedabad weaving unit, debt repayment and general corporate purposes.
Fabric maker Alpine Texworld listed flat at ₹105, matching its IPO price after 1.40x subscription. The ₹126.25 crore fresh issue will fund a new Ahmedabad weaving unit to expand grey-fabric capacity, repay borrowings and support corporate purposes.