Alpine Texworld fixes IPO price band at ₹100 to ₹105 per share; issue to open on July 14

Textile manufacturer Alpine Texworld will launch its ₹126.25 crore initial public offering (IPO) on July 14. The issue will conclude on July 16. The price band has been set at ₹100 to ₹105 per share.

The initial share sale is solely a fresh issuance of 1,20,24,000 shares, with no offer for sale (OFS) component.

The funds raised will be utilised to finance the cost of establishing a new manufacturing unit to expand production capabilities to produce grey fabric, repay debt and for general corporate purposes.

"In addition, our company expects to receive the benefit of listing the equity shares on the stock exchanges and enhancement of our company’s visibility and brand image and creation of a public market for our equity shares in India," according to the red herring prospectus.

Alpine Texworld IPO: Lot size

The application size for a lot is 142 shares. The company has reserved 70% of the offer for retail investors, 29% for non-institutional investors and 1% for qualified institutional buyers.

Alpine Texworld IPO: Allotment and listing date

• Basis of allotment: July 17
• Refund initiation: July 20
• Credit of shares to Demat account: July 20
• Listing: July 21

D and A Financial Services Pvt Ltd is the sole book-running lead manager of the issue, while KFin Technologies serves as the registrar.

The company's shares will be listed on the NSE and BSE.

Alpine Texworld is a vertically integrated textile manufacturer with capabilities in spinning and weaving. It procures processed cotton, which is subject to open-end spinning, leading to yarns of varying thicknesses. The yarns are then woven into grey fabric using looms.

It has two manufacturing facilities that are well-equipped for specialised dyeing and finishing, providing a diversified range of products to garment manufacturers and traders.

The Ahmedabad-based company had reported a 150% increase in its consolidated net profit to ₹21.45 crore in FY26, compared to ₹8.58 crore a year back. Revenue from operations stood at ₹342.71 crore in FY26, up 44.41% from ₹237.32 crore in the year-ago period.