Archive · 18 Jul 2026
SBI Funds, Alpine Texworld IPOs: Grey Market Trends
Two companies, SBI Funds Management and Alpine Texworld, recently completed their IPOs.
SBI Funds Management's IPO was very popular, with investors wanting to buy shares 41.66 times more than available.
The grey market, where people guess future prices, shows a high premium of ₹91, suggesting a good listing price.
Alpine Texworld's IPO was less popular, with shares wanted 1.40 times more than available, and a small grey market premium of ₹1.
SBI Funds Management's IPO is expected to list at ₹665, a 17.42% increase from its issue price, while Alpine Texworld's IPO is expected to list at ₹106, just a 1% increase.
Both IPOs will list on July 21.
SBI Funds Management IPO subscribed 41.66 times with a GMP of ₹91, indicating a potential 17.42% listing gain.
Alpine Texworld IPO subscribed 1.40 times with a GMP of ₹1, indicating a potential 1% listing premium.
SBI Funds Management IPO is a ₹11,692.91 crore 100% OFS, while Alpine Texworld IPO is a ₹126.25 crore 100% fresh issue.
SBI Funds Management's IPO price band is ₹545-574 per share, and Alpine Texworld's is ₹100-105 per share.
Both IPOs will list on July 21, with SBI Funds Management estimated to list at ₹665 and Alpine Texworld at ₹106.
- Who
- SBI Funds Management and Alpine Texworld
- What
- IPOs with different grey market premiums and subscription rates
- When
- Bidding ended on July 16, listing on July 21
- Where
- India
- Why
- To raise funds and assess market performance ahead of listing
SBI Funds Management IPO
Alpine Texworld IPO
Grey Market Premium
SBI Funds Management IPO
₹91, indicating a potential listing gain of 17.42%
Alpine Texworld IPO
₹1, indicating a potential premium of around 1%
Subscription
SBI Funds Management IPO
Subscribed 41.66 times, with strong institutional demand
Alpine Texworld IPO
Subscribed 1.40 times, with retail investors leading the demand
Issue Size and Type
SBI Funds Management IPO
₹11,692.91 crore, 100% Offer for Sale (OFS)
Alpine Texworld IPO
₹126.25 crore, 100% fresh issue
- SBI Funds Management IPO
- ₹11,692.91 crore, 100% OFS, subscribed 41.66 times, GMP ₹91
- Alpine Texworld IPO
- ₹126.25 crore, 100% fresh issue, subscribed 1.40 times, GMP ₹1
- SBI Funds Management Listing
- Estimated at ₹665 per share, 17.42% premium
- Alpine Texworld Listing
- Estimated at ₹106 per share, 1% premium
- SBI Funds Management Price Band
- ₹545-574 per equity share
- Alpine Texworld Price Band
- ₹100-105 per equity share
- Listing Date
- Tuesday, July 21