Updated on 10.07.2026|12:35 AM
Alpine Texworld Limited, a Ahmedabad-based textile manufacturer, operates as a vertically integrated enterprise with core specialties in cotton yarn spinning and grey fabric weaving.
To fund the establishment of a new weaving facility (Manufacturing Unit 3) and prepay existing borrowings, the enterprise aims to raise up to ₹126.25 crores through a completely fresh issue of 1,20,24,000 equity shares. Want to track more IPOs, find it all at our latest IPOs section.
The company's initial public offering will be available for investor subscription from July 14, 2026, until its official close on July 16, 2026.
The price band for this mainboard offering has been fixed at ₹100 to ₹105 per equity share, requiring a minimum retail bidding lot of 142 shares.
This piece highlights essential details regarding the Alpine Texworld Limited IPO, ranging from real-time GMP shifts and subscription tracking to a deep dive into the corporate financial review.
Briefs of Alpine Texworld Limited IPO Details
- Price Band: ₹100 – ₹105 per share
- IPO Open / Close Dates: 14 July 2026 / 16 July 2026
- Lot Size: 142 shares (Minimum investment of ₹14,910)
- Issue Size: 1,20,24,000 shares / ₹120.24 – 126.25 crores
- Fresh Issue / OFS: Fresh Issue of 1,20,24,000 shares / OFS: Nil
- Registrar: Kfin Technologies Ltd.
- Listing Exchange: NSE, BSE
IPO Reservation
- Face value: ₹10 per share
- Anchor offer: Not applicable
- QIB-shares: Not more than 1% of the Issue
- NIIs-Shares offered: Not less than 29% of the Issue
- RIIs- Shares offered: Not less than 70% of the Issue
How much is today's GMP for the Alpine Texworld Limited IPO?
Access the GMP for this stock alongside other recent issues at our GMP today hub page.
Prices change on a daily basis driven by investor demand, so you should treat this data as an unregularised financial reference point that official exchanges and authorities like SEBI, NSE, and BSE do not validate.
What are the Key Timelines and the Allotment Framework for Alpine Texworld Limited IPO ?
- IPO Open & Close Date: 14 July 2026 to 16 July 2026
- Basis of Allotment Date: 17 July 2026
- Refund Initiation Date: 20 July 2026
- Credit of Shares: 20 July 2026
- Listing Date: 21 July 2026
What are the Core Funding Objectives Behind the Alpine Texworld Limited IPO?
The capital raised through this new share issuance will be allocated by the company to support the following business goals:
- Capacity Expansion: ₹30.71 crores is earmarked to set up a new weaving unit (Proposed Manufacturing Unit 3) in Ahmedabad to boost Grey Fabric production capabilities.
- Debt Repayment: The firm will utilise ₹52.20 crores to prepay or repay certain outstanding borrowing facilities.
- General Corporate Purposes: The company will allocate a segment of the raised capital, strictly capped at one-quarter of the total gross proceeds, to manage general corporate overheads, unexpected business expenses, and ongoing promotional strategies.
How is The Financial Performance of Alpine Texworld Limited ?
A summary of the company's official financial books is provided below, with the values represented in Rupees Crores.
Period Ended | 31 Mar 26 | 31 Mar 2025 | 31 Mar 24 |
Total Income | 350.18 | 237.66 | 184.44 |
Profit After Tax | 21.72 | 8.63 | 4.88 |
EBITDA | 47.45 | 27.00 | 19.91 |
Total Borrowing | 177.60 | 166.09 | 76.47 |
Assets | 305.31 | 294.86 | 149.82 |
Source: RHP
Financial Observations
Total Income
The top-line showcased a robust and steady upward trajectory across the reported periods.
- Income expanded from ₹184.44 crores in FY24 to ₹350.18 crores in FY26.
- This growth was heavily driven by the strategic 97% stake acquisition of Alpine Cottweave LLP.
- Rising domestic demand for grey fabric further fueled this revenue scale-up.
Profit After Tax
The company's net earnings witnessed exceptional multi-fold growth as operational capabilities matured.
- PAT jumped from just ₹4.88 crores in FY24 to a solid ₹21.72 crores in FY26.
- Backward integration into spinning significantly improved margin retention across the board.
- Optimised production flows contributed to this strong bottom-line outcome.
EBITDA
Operating earnings expanded significantly as the business managed its direct overheads effectively.
- EBITDA increased from ₹19.91 crores in FY24 to ₹47.45 crores in FY26.
- The EBITDA margin reached 13.84% in the latest fiscal year.
- Aggressive investments in renewable solar energy helped offset long-term grid electricity costs, protecting margins.
Total Borrowing
The firm assumed higher debt levels to finance its capital-heavy capacity expansion.
- Borrowings scaled from ₹76.47 crores in FY24 to ₹177.60 crores by FY26.
- This leveraged growth resulted in a peak debt-to-equity ratio of 3.14x in FY25 before moderating.
- A significant chunk of the fresh IPO proceeds is allocated to repaying these specific liabilities.
Assets
The overall resource base doubled within the three-year window to accommodate long-term scaling efforts.
- Total assets grew from ₹149.82 crores in FY24 to ₹305.31 crores in FY26.
- This reflects aggressive capital expenditure in new weaving and spinning capacities.
- The planned Manufacturing Unit 3 will further expand this asset profile post-listing.
What Are the P/E ratio and Peer Comparison
To gauge what they are paying for every rupee of corporate profit, investors look at the Price-to-Earnings (P/E) ratio, calculated by dividing the market price per share by its Earnings Per Share (EPS).
In the case of Alpine Texworld Limited, evaluating the ceiling offer price of (₹105) against the documented FY26 basic EPS of (₹8.18) reveals a P/E valuation multiple of about (12.84 times)
Particulars | Revenue from Operations (₹ Cr) | Profit After Tax (₹ Cr) | EPS (Basic) (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
Alpine Texworld Limited | 342.71 | 21.72 | 8.18 | 12.84 | 29.44% | 27.79 |
United Polyfab Gujarat Ltd | 682.04 | 24.29 | 1.07 | 31.60 | 18.48% | 5.78 |
Ken Enterprises Ltd | 631.82 | 15.41 | 6.27 | 5.27 | 12.14% | 51.68 |
Pashupati Cotspin Ltd | 687.81 | 10.42 | 0.66 | 145.21 | 6.33% | 10.40 |
Analysis:
Alpine Texworld Limited reported an EPS of ₹8.18 and a Return on Net Worth (RoNW) of 29.44% in FY26.
At the upper issue price of ₹105, the company is demanding a P/E multiple of 12.84x. When evaluated against listed regional peers like United Polyfab Gujarat (P/E 31.60) and Pashupati Cotspin (P/E 145.21), Alpine enters the primary market at a noticeable discount, though it sits higher than Ken Enterprises (P/E 5.27).
While Alpine operates on a smaller revenue base compared to these competitors, its ability to generate a sector-leading RoNW of nearly 30% demonstrates highly efficient utilisation of shareholder equity.
What is The Industry Outlook of Alpine Texworld Limited?
Growth potential: The Indian textile sector is a critical pillar of the domestic economy, deeply integrated from raw cotton to finished garments. With favourable state-level textile policies in Gujarat and a push towards reducing import dependency, vertically integrated players are well-positioned to capture both domestic retail demand and export opportunities.
Market trends and competitors: The spinning and weaving segments remain highly fragmented and capital-intensive. Successful operators are increasingly adopting backward integration to control raw material quality and pricing. Furthermore, the transition toward captive solar power generation is becoming a key differentiator to combat fluctuating industrial electricity tariffs.
What Are The Strengths and Risks of Alpine Texworld Limited IPO ?
Strengths:
- Backward Integration: By operationalising its own spinning unit, the company has effectively reduced its reliance on third-party yarn suppliers, ensuring better margin control and material quality.
- High Operational Efficiency: The company demonstrated robust execution capabilities by achieving an impressive 107.30% capacity utilisation in its weaving units during FY26.
- Cost Reduction via Renewable Energy: Alpine Texworld has strategically invested in rooftop and ground-mounted solar units (totalling over 10 MW capacity), significantly dropping its reliance on grid power and protecting margins.
Risks:
- High Concentration: The top 10 customers accounted for 70.33% of revenue in FY26, while the top 10 suppliers accounted for 64.26% of purchases, leaving the company vulnerable to supply chain or order shocks.
- Credit Rating Downgrade: CRISIL recently downgraded the firm's long-term rating to 'CRISIL BB/Stable' with an "Issuer Not Cooperating" remark due to non-submission of surveillance information.
- Geographic Dependency: Over 97% of the company's revenue is generated strictly from Gujarat, exposing operations to localized economic or regulatory shifts.
Key Considerations for Investors
- Concentration Risks: Over 97% of FY26 revenue originates from Gujarat, and the top 10 customers contribute 70.33% of sales, highlighting high regional and client dependency.
- Credit Rating: CRISIL downgraded the company's long-term rating to 'CRISIL BB/Stable' under the "Issuer Not Cooperating" category due to the non-submission of surveillance information.
- Debt Levels: Total borrowings reached ₹177.60 crores in FY26 to fund capital expenditures. A significant portion of the fresh IPO proceeds (₹52.20 crores) is earmarked for debt repayment.
- Operational Setup: The vertically integrated textile manufacturer achieved a 107.30% weaving capacity utilization in FY26 and relies on 10 MW of solar power investments to offset grid electricity costs.
Important IPO Resources:
1. IPO Calendar India| Upcoming & Live IPOs in India
2. IPO Allotment Status – How to Check Allotment Status of IPO Shares
4. Latest IPO Subscription Status Today | Live Updates
5. June 2026 IPO Review: 22 IPOs, ₹2,502 Cr Raised & 75.98x Average Subscription
Key Takeaways
- IPO Price Band: ₹100 to ₹105 per equity share
- Lot Size: 142 shares (Minimum retail investment of ₹14,910)
- Allotment Dates: Allotment on 17 July 2026
- Listing Dates: Listing on NSE and BSE on 21 July 2026
FAQs on Alpine Texworld Limited IPO
What is the latest grey market trend for the Alpine Texworld Limited IPO?
Track real-time Gray Market Premium movements for this mainboard initial public offering on our centralized GMP dashboard. These unofficial market premiums experience daily adjustments driven entirely by shifting investor' sentiment.
What is Alpine Texworld Limited IPO price band?
The price band has been fixed at ₹100 to ₹105 per equity share.
What is Alpine Texworld Limited IPO allotment date?
The basis of allotment is scheduled to be finalised on 17 July 2026.
How to check Alpine Texworld Limited IPO allotment status?
When the distribution is confirmed, individual investors can audit their allotment results by accessing the portal of the registrar, KFin Technologies Limited, and submitting their PAN or application reference, or by checking the equity allotment pages on the NSE and BSE websites.
What is Alpine Texworld Limited IPO listing date?
The equity shares are proposed to be listed on the NSE and BSE platforms on 21 July 2026.
Investment Perspective on Alpine Texworld Limited IPO
Alpine Texworld Limited presents a compelling growth story driven by successful backward integration and strong weaving capacity utilization of 107.3%.
The company boasts robust financials, with FY26 revenue reaching ₹3,427.13 million and a superior Return on Net Worth of 29.44%.
However, investors must carefully weigh these strengths against significant risks, including high client and supplier concentration—over 70% and 64% respectively—and a recent credit rating downgrade. This IPO suits high-risk, growth-oriented portfolios.
Disclaimer:
Please view these details solely as educational material and not as actionable investment recommendations. It is highly advisable to obtain personalized guidance from a certified SEBI-registered professional before deploying your capital
