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Alpine Texworld IPO allotment to be finalized on July 17

Refunds for applicants not allotted shares are scheduled to begin on July 20, ahead of the July 21 listing date.

Reported · Written up by our desk · Emerging Markets

Alpine Texworlds IPO share allotment will be finalized on Friday, July 17, according to LiveMint Markets. Investors can check allocation status through the registrar portal run by Kfin Technologies Ltd.

The outlet said applicants who did not receive shares will have refunds initiated starting Monday, July 20. Shares allotted to investors will be credited to their demat accounts the same day.

LiveMint Markets also noted the IPO is set to list on Tuesday, July 21. The public issue was subscribed 1.40 times overall, with retail individual investors subscribing their reserved quota 1.53 times.

The IPO comprised a fresh issue of 1.20 crore equity shares with no offer-for-sale component, priced in the ₹100 to ₹105 band. Data cited by the outlet showed bids for 1,68,62,642 equity shares against 1,20,24,000 shares on offer, while QIB and NII portions were each subscribed 1.09 times.

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