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Alpine Texworld IPO
1.39xsubscribed

Alpine Texworld IPO

Textile
listed
₹14,200Min. investment

Alpine Texworld Limited IPO Details

SectorTextile
Price range₹100 – ₹105
IPO type
Regular
Lot size142 shares
Issue size₹126Cr
Red Herring Prospectus
Read
Market cap
₹401.5CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹342.7CrLower than sector avg
Growth rate3Y CAGR
36.62%

Alpine Texworld IPO Subscription Status

Date
QIB
NII
Retail
Total
14-Jul-26
0.0 times (X)
0.31 times (X)
0.26 times (X)
0.28 times (X)
15-Jul-26
0.0X
0.65X
0.87X
0.81X
16-Jul-26
0.02X
1.09X
1.51X
1.39X

As on 14-Jul-26, 5:30 PM

Alpine Texworld IPO Timeline

  1. Pre-apply
    13 Jul 2026
  2. Bid start
    14 Jul 2026
  3. Bid end
    16 Jul 2026
  4. Allotment
    17 Jul 2026
  5. Release of funds
    20 Jul 2026
  6. Demat transfer
    20 Jul 2026
  7. Listing
    21 Jul 2026

About Alpine Texworld Limited

Alpine Texworld is a Gujarat-based textile company functioning in the weaving and spinning segment. The company does manufacturing and trading of grey fabric and yarn, along with sizing of yarns. It was registered in February 2016 and commenced operations in April 2017, with its weaving facility located in manufacturing unit 1 at Ahmedabad, having initially installed 48 high-speed Toyota shuttleless air-jet looms and later increasing by 64 looms in August 2018. The company back-integrated into spinning in March 2025 by establishing manufacturing unit 2, having four open-end rotor spinning machines.
The company has 112 high-speed Toyota shuttleless air-jet looms located at manufacturing unit 1 with an installed capacity of 180 lakh metres of grey fabric per annum; one Karl Mayer sizing machine with an annual capacity of 6,650 MT; and four saurer open-end rotor spinning machines with an annual capacity of 6,000 MT located at manufacturing unit 2. The capacity utilisation of the weaving facility in FY26 was 107.30% and 106.51% in FY25, whereas the spinning facility had a capacity utilisation of 88.50% in its first complete year.
In October 2024, the company purchased a 97% share in Alpine Cottweave LLP, which became its subsidiary; this LLP has a weaving plant with 72 fast-paced Picanol NV airjet looms and an annual capacity of 96 lakh metres, accounting for 35.89% of revenue and 38.58% of consolidated PAT (excluding NCI) in FY26. With this acquisition, the total weaving capacity of the group increased to 276 lakh metres per annum.
Manufacture of products (mainly Grey Fabric) is the primary revenue-generating segment, generating 97.63% of revenue from operations in FY26, with Grey Fabric generating 96.69%. Revenue is primarily generated from Gujarat, which generated 97.37% of revenue in FY26, with marginal contributions from Uttar Pradesh, Delhi, and Haryana.
The top 10 customers have contributed 70.33% of sales in FY26, out of which 16.09% came from the biggest client. The top 10 suppliers contributed 82.76% in FY25; however, this ratio decreased to 64.26% in FY26 due to the increase in the company's spinning capacity, making it less dependent on outside yarn suppliers.
The Indian market for grey cloth (grey fabric), which forms the backbone of the business that Alpine Texworld deals in, is estimated to be worth about 75,951 million square meters in CY25 and is forecasted to reach approximately 99,016 million square meters by CY30, indicating constant growth during the forecast period. Grey cotton fabrics form the bulk of this market, representing about 55% of the total market, followed by polyester and viscose.
From a regional perspective, Gujarat has taken the lead with a market share of about 36.5% in the overall Indian market for grey cloth, far ahead of Tamil Nadu (~24.4%) and Maharashtra (~13.4%), backed by the presence of strong textile clusters in Surat and Ahmedabad and adequate infrastructure facilities. This is made possible because of Gujarat being the biggest producer of cotton, accounting for about 37% of the country's total cotton production, with Ahmedabad located right in the middle of its cotton belt. The Indian textile and apparel industry is estimated to increase twofold from $188 billion in FY26 to reach $350 billion in FY30, with a 16.8% CAGR, due to higher domestic consumption and favourable policies like PLI and PM MITRA, as well as India’s attractiveness as a sourcing destination.
The company’s expansion strategy includes the installation of 48 more looms at the proposed manufacturing unit 3 from the IPO funds, along with the wider plan to build another spinning & weaving unit through borrowings and accruals. Six land plots have been purchased for future expansion. Alpine Texworld is ideally positioned to capitalise on the following tailwinds in light of its presence in Ahmedabad, which lies in Gujarat's cotton and grey cloth heartland, thereby making it easy for the company to get its hands on raw materials at a reduced cost of logistics. The vertical integration of the company into yarn spinning is reflective of the trend within the entire textile industry of vertical integration in order to deal with volatile raw material prices. Now, Alpine Texworld Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹126.25 crore only. The total issue size of the IPO is ₹126.25 crore. Its shares will be listed on the NSE and BSE.

How to pre-apply for Alpine Texworld IPO?

You can pre-apply for Alpine Texworld IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  • Login to your Upstox account, using your six-digit PIN
  • After successfully logging in, click on ‘Discover’
  • On the Discover tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Alpine Texworld IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Pre-Apply’
  • Accept the mandate on your UPI app

How to apply for Alpine Texworld IPO?

If you are interested in this investment opportunity but unsure how to apply for Alpine TexworldIPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for Alpine Texworld IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Alpine Texworld IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

**How to check the Alpine Texworld IPO allotment status? **

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the Alpine Texworld IPO allotment status:
  • Login to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, you will find the ‘View all’ option
  • Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  • In the ‘IPO’ tab, click on ‘My applications’
  • In ‘My applications’, under the History section, your Alpine Texworld IPO allotment status will be mentioned

Alpine Texworld Limited IPO Analysis

IPO REVIEW

Alpine Texworld IPO | Analysis Video

Should you apply?

Watch our analysts break down the Alpine Texworld Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Strength and Weakness

Location within the Gujarat cotton belt

The location within the Gujarat cotton belt, which produces about 73 lakh bales per annum in FY26, assures the availability of stable and quality raw material. This will reduce cost variability and make the business more competitive in the market.

Imported machinery from across the world

State-of-the-art machines are imported from Toyota and Picanol, which make possible a group weaving capacity of 276 lakh metres with a utilisation of 107.30% in FY26.

Backward integration of yarn production

In-house production of 6,000 MT capacity with a utilisation of 88.50% in FY26 at an adjacent spinning unit will minimise logistics costs and protect margins from raw material cost volatility.

Solar-based cost efficiency

With 9 MW solar capacity through rooftop and ground-mounted projects, dependence on external grid power will be minimised.

Objectives of Alpine Texworld Limited IPO

Repayment of borrowings
41.30%
The company will use ₹52.2 crore for repayment of certain borrowings availed by it.
General corporate purposes
34.30%
For general corporate purposes, up to 25% of gross proceeds.
Setting up a new weaving unit
24.30%
The company will use ₹30.7 crore for setting up a new weaving unit.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹342.7Cr36.62%₹21.71Cr₹401.5Cr12.842.35
This sector (avg.)₹454.61Cr0%₹6.27Cr₹1,147.5Cr44.260.81
₹4,934.91Cr---₹729.14Cr₹36,802.21Cr48.160.19
₹6,387.88Cr---₹815.11Cr₹29,722.44Cr35.480.09
₹4,937.87Cr---₹874.41Cr₹13,216.91Cr22.420.40

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Alpine Texworld IPO Contact Details

Company NameAlpine Texworld Limited

How to apply for Alpine Texworld IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Alpine Texworld Limited IPO FAQs

Investors can apply for the Alpine Texworld IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Alpine Texworld IPO is 126 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Alpine Texworld IPO will be open between 2026-07-14 and 2026-07-16.
Alpine Texworld IPO allotment date is 2026-07-20. For Alpine Texworld IPO allotment status check, you can visit the website of the registrar of the IPO.
For Alpine Texworld IPO, the IPO registrar is Kfin Technologies Limited. You can check Alpine Texworld IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Alpine Texworld IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Alpine Texworld IPO lot size is 142 and minimum order quantity is 142.
Alpine Texworld IPO has set the price band for its IPO at 105 per equity share with a face value of 10.