Alpine Texworld IPO Day 1: The Initial Public Offering (IPO) of Alpine Texworld opened for subscription on Tuesday, July 14, and will close on Thursday, July 16. The company has fixed the price band at ₹100-105 per share. Notably, the issue has opened alongside the SBI Funds Management IPO.
The IPO is entirely a fresh issue of 1.20 crore equity shares, with no Offer for Sale (OFS) component. Through the public issue, the company aims to raise ₹126 crore.
The IPO allotment is expected on Friday, July 17, while successful applicants are likely to receive their shares on Monday, July 20. Refunds for non-allottees will also be processed on the same day. The stock is scheduled to list on the BSE and NSE with a tentative listing date of July 21.
Alpine Texworld plans to utilise the net proceeds to finance the establishment of a new weaving unit at its proposed Manufacturing Unit 3 in Ahmedabad, Gujarat, which will expand its grey fabric production capacity. The funds will also be used for the prepayment or repayment of certain outstanding borrowings and for general corporate purposes.
The lot size for the issue has been fixed at 142 shares, requiring a minimum investment of ₹14,910 for retail investors at the upper end of the price band.
The company has reserved 70% of the issue for retail investors, 29% for non-institutional investors (NIIs) and the remaining 1% for qualified institutional buyers (QIBs).
D&A Financial Services is the book-running lead manager to the issue, while KFin Technologies has been appointed as the registrar.
Alpine Texworld IPO GMP Today
Alpine Texworld shares are commanding a positive grey market premium (GMP) in the unlisted market. According to websites tracking the grey market, Alpine Texworld IPO GMP today is ₹5 per share.
This indicates that in the grey market, Alpine Texworld shares are likely to list at ₹110 apiece, a premium of 4.76% to the issue price of ₹105 per share.
Alpine Texworld IPO subscription status
The IPO was subscribed 0.03 times by 10:15 am on Day 1. The retail portion was subscribed 0.04 times, and NII portion was booked 0.01 times, while the Qualified Institutional Buyers (QIBs) portion received no bids till now.
The company has received bids for 3.47 lakh shares against 1.20 crore shares on offer.
Alpine Texworld IPO Review
Swastika Investmart has assigned a ‘Neutral’ rating to the Initial Public Offering (IPO), citing a balanced risk-reward profile. The brokerage noted that the company’s FY26 performance reflected the benefits of integration and investments in solar power, with return on equity (RoE) at 33.85% and return on capital employed (RoCE) at 17.56%.
It highlighted that the profit after tax (PAT) margin improved sharply to 6.34% in FY26 from 3.63% in FY25, but cautioned that sustaining such margins could be challenging in the highly competitive textile industry. Swastika also observed that the Initial Public Offering (IPO) is priced at around 18.49 times FY26 earnings, which appears slightly expensive for a commoditised business.
While the company’s debt-to-equity ratio stands at 2.35 times, the brokerage noted that a significant portion of the IPO proceeds will be utilised for debt reduction. Overall, Swastika believes the small issue size and mixed risk-reward profile warrant a ‘Neutral’ stance on the offering.
About Alpine Texworld
Incorporated in February 2016, Alpine Texworld Ltd is engaged in the dyeing, processing and manufacturing of textiles, with a focus on producing high-quality fabrics.
The company operates two manufacturing facilities equipped with specialised dyeing and finishing capabilities, catering to garment manufacturers and textile traders. Its facilities have an installed annual capacity of 6,000 metric tonnes (MT) of cotton and blended yarn.
Alpine Texworld also operates 112 high-speed looms for manufacturing a wide range of fabrics, including denim, suiting, shirting and ready-for-dyeing (RFD) fabrics. In addition to textiles, Alpine Texworld has expanded into renewable energy as part of its sustainability initiatives. The company commissioned an 820 KW rooftop solar plant at its Unit 1 facility in January 2024. It later installed a 5.4 MW ground-mounted solar project in Banaskantha, Gujarat, in March 2025.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
