The IPOs of SBI Funds Management and Alpine Texworld closed their bidding on July 16, with SBI Funds Management seeing a subscription of 41.66 times and Alpine Texworld 1.4 times, according to livemint.com. SBI's grey market premium (GMP) stood at ₹91, while Alpine Texworld's GMP was ₹1, signaling stronger market interest in SBI ahead of their listings scheduled for July 21.
The public issues for both companies opened on July 14 and finalized share allotment on July 17. SBI Funds Management's IPO attracted significantly higher demand, reflected in its GMP and subscription numbers. Alpine Texworld's IPO, by contrast, showed modest subscription and minimal GMP, indicating tepid investor enthusiasm. These figures were reported by Pranati Deva for livemint.com.
The contrasting subscription rates and GMPs highlight differing investor sentiment toward the two IPOs. SBI Funds Management's strong subscription suggests confidence in its business model and market position, while Alpine Texworld's lower figures point to cautious investor outlook. Such disparities are important for gauging market reception and potential listing-day performance in the Indian IPO space.
Both IPOs are set to list on the stock exchanges on July 21. The final grey market premiums and subscription data provide a concrete basis for assessing initial trading performance and investor appetite for these new public offerings.