Alpine Texworld Summary
This activity is focused on the production and trade of grey fabric and cotton yarn by means of a vertically integrated manufacturing facility. Here, Alpine Texworld purchases processed cotton and carries out open-end spinning on it to make yarns of different weights, followed by weaving of the yarn into grey fabric on high speed air jet looms. Grey fabric and sized yarn thus became intermediary raw materials for dyeing, processing, and finishing plants in the textile value chain, catering to the needs of garment manufacturers, fabric processors, and textile traders in India. Products comprise grey fabric in various sizes and constructions along with sized yarn, which are marketed through B2B route to fabric processors, garment manufacturers, and textile traders. Apart from carrying out its weaving operations, the company has gone for backward integration with setting up of a dedicated spinning plant within its premises, ensuring regular availability of yarn for its weaving operations.
As far as the process followed in the functioning of business operations is concerned, both the manufacturing processes in the firm take place in the two contiguous manufacturing units located in Ahmedabad, Gujarat – Unit 1 (Weaving Unit, commissioned 2017) and Unit 2 (Spinning Unit, commissioned 2025). In Unit 1, there are 112 highly efficient air jet looms from international brands such as Toyota, Itema, and Picanol, which have an annual installed capacity of weaving of 180 lakh metres of grey cloth, and a highly efficient Karl Mayer sizing machine that can size up to 6,650 metric tonnes of yarn per year. In Unit 2, the firm has four Saurer open-end rotor spinning machines with an annual production capacity of 6,000 metric tonnes of cotton and blended yarns. Further, the firm has established its own power generation units through solar power, i.e., 820 KW rooftop solar project and 5.4 MW ground-mounted solar project to reduce the cost of power procurement through the grid. Also, through its subsidiary firm, Alpine Cottweave LLP (97% stake), the group has another 72 Picanol airjet looms, taking the group's aggregate weaving capacity to 276 lakh metres per annum.
BSE and NSE Mainboard book-built issue by Alpine Texworld Limited, wherein face value is ₹10 per share with the price band of ₹100–₹105 per share. Total issue size of ₹126.25 Cr, comprising entirely a fresh issue of 1,20,24,000 equity shares with no Offer for Sale component — all proceeds go to the company. The issue is bifurcated between QIBs including Anchor (1% of net issue), NII (29% of net issue), and Retail Investors (70% of net issue), and the tentative listing will be on BSE and NSE Mainboard on July 21, 2026.
Alpine Texworld IPO Details:
Alpine Texworld Limited Issue Management:
D&A Financial Services Pvt. Ltd. acts as the book-running lead manager for Alpine Texworld Mainboard IPO, managing underwriting and compliance.
Alpine Texworld Limited IPO RTA (Registrar) Details:
Kfin Technologies Ltd. handles allotment, refunds, and demat credits - contact at 040-79615565 or alpine.ipo@kfintech.com.
Alpine Texworld Limited IPO Allotment Status:
To check your IPO allotment status:
Visit the Kfin Technologies Ltd. IPO Application Status page.
Select the company name from the dropdown menu.
Select and enter PAN, Application Number, DP/Client ID, or Account Number/IFSC.
Click Submit to view your allotment status.
Alpine Texworld Mainboard IPO totals ₹126.25 Cr, comprising entirely a fresh issue of 1,20,24,000 equity shares with no OFS component. All proceeds go to the company.
(Post-IPO paid-up capital: 3,82,47,000 shares. Pre-IPO paid-up capital: 2,62,23,000 shares)
Alpine Texworld Limited IPO proceeds from the fresh issue will be deployed towards:
Alpine Texworld Mainboard IPO offers 1,20,24,000 total shares. The issue follows a unique allocation structure with 70% to Retail, 29% to NII, and only 1% to QIB — reflecting the company's Mainboard-to-mainboard profile. Minimum retail investment: ₹14,910 (1 lot at ₹105).
The anchor bidding for Alpine Texworld Limited Mainboard IPO is scheduled for July 13, 2026, one working day before the issue opens on July 14, 2026. Anchor investors will be allotted shares from the QIB portion (1% of net issue = 1,20,240 shares) in accordance with SEBI mainboard IPO regulations.
Lock-in: The anchor allotment follows standard mainboard IPO norms, where 50% of the anchor shares are locked in for 30 days and the remaining 50% for 90 days from the listing date of July 21, 2026 on BSE and NSE.
The anchor allocation details and investor list will be disclosed in the anchor book before the IPO opening. D&A Financial Services Pvt. Ltd. is the BRLM and KFin Technologies Ltd. is the registrar. Pre-IPO promoter holding: 90.36% (2,62,23,000 shares) → Post-IPO: 61.96% (3,82,47,000 total shares).
Alpine Texworld Limited is an Ahmedabad-based vertically integrated manufacturer of textile products, which was incorporated in February 2016 and began its operations in April 2017. The revenue from operations rose from ₹237.66 Cr (FY25) to ₹350.18 Cr (FY26), representing a YoY growth of 47.4%. PAT rose from ₹8.63 Cr (FY25) to ₹21.72 Cr (FY26), which represents a growth of 152%. The company’s EBITDA margin rose from 7.33% (FY23) to 13.84% (FY26), registering consistent multi-year margin growth. Similarly, the PAT margin grew from 0.64% (FY23) to 6.34% (FY26). KPIs for FY26: ROE 33.85% | ROCE 17.56% | RoNW 29.44% | EPS ₹8.18 (Basic) | NAV ₹27.79 | Debt to Equity Ratio 2.35x | Post issue P/E: 12.84x (at ₹105 upper band on FY26 EPS of ₹8.18). GMP as of July 9, 2026: ₹0 — neutral market sentiment, estimated listing at ₹105 (issue price). Market Cap post-issue: approximately ₹401.59 Cr at upper band.
Action Links:
To apply for Alpine Texworld Limited IPO, open a demat account here
Alpine Texworld Limited IPO Subscription Status: Check live subscription here
Alpine Texworld Limited IPO GMP Update: Check latest grey market premium here
Alpine Texworld Key Highlights:
Alpine Texworld Ltd. is a vertically integrated textile manufacturer having its presence in Ahmedabad, Gujarat founded in February 2016 (initially as Alpine Spinweave Pvt. Ltd., now changed to name in February 2025). Product offerings include grey fabric (112 high-speed air jet looms; production capacity of 180 lakh meters/annum from Toyota, Itema, Picanol machines) and cotton / blended yarn (6000 tonnes/annum production using four Saurer open end rotor spinning machines). Karl Mayer sizing machine (production capacity of 6650 MT/annum). Group aggregated weaving capacity: 276 lakh metres/annum including its subsidiary company Alpine Cottweave LLP (holding percentage of 97%, number of looms - 72 Picanol airjet). Solar energy generation capacity: 820 KW rooftop solar + 5.4 MW ground mounted solar plants. Industry comparison companies include United Polyfab Gujarat Ltd. (P/E ratio: 31.60x, RoNW: 18.48%), Ken Enterprises Ltd. (P/E ratio: 5.27x, RoNW: 12.14%), Pashupati Cotspin Ltd. (P/E ratio: 145.21x, RoNW: 6.33%). Alpine Texworld at post-issue P/E of ~12.84x is attractively placed vs peers. Promoters: Sumit Champalal Agarwal, Sandeep Santkumar Agrawal, Sachinkumar Santkumar Agrawal (combined textile experience 25+ years). IPO is 100% fresh issue — all proceeds for growth capex and debt reduction.
Alpine Texworld Risk Factors:
The risks of Alpine Texworld Limited IPO are mentioned below:
High Leverage – D/E Ratio of 2.35x: High levels of debt compared to net worth, as indicated by a D/E ratio of 2.35x as of FY26. Though ₹52.20 Cr of IPO money will be used for debt repayment, the rest remains as debt, adding to interest cost burden in thin textile margins.
Fluctuation in Cotton Prices: Income and margin is dependent on cotton and yarn prices that fluctuate due to factors like commodity price cycles, monsoons, Minimum Support Price (MSP) policy and dynamics of global cotton markets that are out of the company's control.
Textile Industry Cyclicity: Grey fabric is a commoditized product. The industry suffers from tough competition and cyclic demand from clothing makers along with threat from imports of low-cost textiles from Asia.
Single Geography Concentration: All manufacturing operations are in Ahmedabad, Gujarat. Any disruption — regulatory, environmental, labour, or natural disaster — could significantly impact production continuity.
Retail-Heavy Allocation — QIB at only 1%: The unique investor category allocation (70% retail, 29% NII, only 1% QIB) means minimal institutional participation and validation for this IPO. Low institutional interest can affect post-listing price stability.
Working Capital Intensity: Textile manufacturing requires continuous high working capital investment in yarn procurement, WIP inventory, and trade receivables. Tightening of credit or collections delays impacts cash flows.
GMP of ₹0: Neutral grey market sentiment ahead of opening suggests the market is not pricing in significant listing gains — investors relying on listing-day pop should be cautious.
Alpine Texworld Expert Analysis:
Alpine Texworld Mainboard book-built IPO is priced at ₹100–₹105 per share (face value ₹10), aggregating ₹126.25 Cr — entirely a fresh issue of 1,20,24,000 shares with no OFS component. Listing on both BSE and NSE.
Basic details of the IPO:
Type of IPO: Book-built Mainboard IPO (BSE & NSE) — 100% Fresh Issue, all proceeds to the company
Uses of funds: New weaving unit at Proposed Manufacturing Unit 3 — grey fabric expansion (₹32.08 Cr), repayment of outstanding borrowings (₹52.20 Cr), and general corporate purposes (₹41.97 Cr)
Anchor bidding: July 13, 2026 | Opens: July 14, 2026 | Closes: July 16, 2026 | Allotment: July 17, 2026 | Listing: July 21, 2026 (BSE & NSE)
Lead Manager: D&A Financial Services Pvt. Ltd. | Registrar: KFin Technologies Ltd.
Expert View on the IPO:
There is an authentic margin enhancement story in the case of Alpine Texworld. The EBITDA margins improved from 7.33% in FY23 to 13.84% in FY26 and PAT margins improved from 0.64% to 6.34%, owing to backward integration of spinning capacity, efficient air jet looms and savings through solar power. The company witnessed 47.4% increase in revenue and 152% rise in profit after tax for FY26. At a post-issue price/earnings ratio of ~12.84x and favorable valuation compared to its competitors (United Polyfab @ 31.60x, Pashupati Cotspin @ 145.21x), the valuation seems justifiable. However, gross margin per unit (GMP) of ₹0, debt/equity ratio of 2.35x, commodity-based pricing, 70% retail allotment (1% QIB), and cyclical textiles industry make it a cautious one to consider. This is a long-term play rather than a listing-gain story.
Should you invest in Alpine Texworld?
Ideal for investors looking to invest in a Gujarat-based vertically integrated textile company that is showing signs of improving margins with a good valuations at ~12.84x post-issue P/E and 100% fresh issue, which would allow funds for expansion and reducing debt. Conservative or listing gains-oriented investors must exercise caution due to GMP of ₹0 and D/E ratio.
Consider investing when:
For long-term exposure to a company involved in vertically integrated grey fabric and cotton yarn business having improved EBITDA margin (from 7.33% to 13.84%), decent post-issue P/E ratio of 12.84x, and 100% fresh issue being used for capital investment in unit 3 growth and deleveraging.
Not bothered by cyclicality in the textiles industry, fluctuations in prices of raw material (cotton), high D/E of 2.35x, and manufacturing in Ahmedabad, Gujarat alone.
Do not invest when:
Averse to high gearing (D/E 2.35x), commodity price risk due to grey textile production, low GMP of ₹0 that implies little prospect for upside from listing in the short term, and low QIB participation (1% only).
Would rather invest in unique textiles that have higher value added, better balance sheets, or more diversified geographically and in clientele.
Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is for informative purposes and not investment advice.
Action Links:
To apply for Alpine Texworld Limited IPO, open a demat account here
Alpine Texworld Limited IPO Subscription Status: Check live subscription here
Alpine Texworld Limited IPO GMP Update: Check latest grey market premium here
1. What is the Alpine Texworld Limited IPO open and close date?
Alpine Texworld Mainboard IPO opens July 14, 2026 and closes July 16, 2026. Allotment: July 17. Refunds & Demat credit: July 20. Listing on BSE and NSE: July 21, 2026.
Track Alpine Texworld Limited IPO subscription status live here from Finnpick.
2. What is the Alpine Texworld Limited IPO price band and lot size?
The IPO is a book-built Mainboard issue with a price band: ₹100–₹105 per share (face value ₹10). Lot size: 142 shares. Minimum retail investment: ₹14,910 (1 lot at ₹105). Maximum retail: 13 lots (1,846 shares) = ₹1,93,830.
3. What is Alpine Texworld Limited IPO total size?
The total issue size is ₹126.25 Cr comprising 1,20,24,000 fresh issue equity shares. No OFS component — all proceeds go to the company. Post-IPO paid-up capital: 3,82,47,000 shares. Listing on both BSE and NSE (Mainboard).
4. How to apply for the Alpine Texworld Limited IPO?
Open a demat here (Zerodha/Upstox/AngelOne) or apply ASBA by July 16, 4 PM. Monitor Alpine Texworld Limited IPO subscription tracker here. Ensure your demat account is active and UPI mandate is approved before the closing time.
5. How to check Alpine Texworld Limited IPO Allotment Status?
The allotment date is on July 17th and can be checked on KFin Technologies Ltd. RTA portal using PAN/DP ID.
6. What is Alpine Texworld Limited IPO GMP today and subscription status?
Current Grey Market Premium (GMP) stands at ₹0 as of July 09, indicating listing at the price range of ₹105 - check daily updates of Alpine Texworld Limited IPO GMP trends here and live subscription status here from July 14th opening only on Finnpick.
7. What does Alpine Texworld Limited specialize in?
Alpine Texworld Limited is an Ahmedabad-based vertically integrated textile manufacturer established February 2016. Produces grey fabric (112 Toyota/Itema/Picanol air jet looms, 180 lakh metres/annum) and cotton/blended yarn (6,000 tonnes/annum, four Saurer open-end rotor spinning machines). Group aggregate weaving capacity: 276 lakh metres/annum through subsidiary Alpine Cottweave LLP (97% stake). Also operates 820 KW rooftop + 5.4 MW ground-mounted solar plants.
8. When is the Alpine Texworld Limited IPO listing date?
The IPO is scheduled to list on NSE BSE Mainboard on 21st July 2026, subject to final confirmation from the exchange. Basis of allotment is tentatively on 17th July 2026, with refunds and demat credits around 20th July 2026.
9. What are the Alpine Texworld Limited IPO proceeds utilization details?
The IPO Fresh issue proceeds of ₹126.25 Cr directed at: new weaving unit at Proposed Manufacturing Unit 3 for grey fabric expansion in Ahmedabad (₹32.08 Cr), prepayment/repayment of outstanding borrowings (₹52.20 Cr), and general corporate purposes (₹41.97 Cr)
10. Who are the promoters of Alpine Texworld Limited?
The promoters of Alpine Texworld Ltd. are Sumit Champalal Agarwal, Sandeep Santkumar Agrawal (CMD), and Sachinkumar Santkumar Agrawal. Pre-IPO promoter holding: 90.36% (2,62,23,000 shares) → Post-IPO: 61.96% (on 3,82,47,000 total shares).
11. Should I apply for the Alpine Texworld IPO?
You may consider applying for long-term exposure to a vertically integrated textile manufacturer with improving margin trajectory (EBITDA 7.33% → 13.84%, PAT 0.64% → 6.34%), attractive post-issue P/E of ~12.84x, and 100% fresh issue deploying all proceeds for growth and debt reduction. Avoid risk-averse about high D/E (2.35x), GMP of ₹0, textile sector cyclicality, and cotton commodity price volatility. Minimum retail investment ₹14,910. This is for informational purposes only and not investment advice; read the RHP/DRHP and consult a SEBI-registered advisor before investing.
