Alpine Texworld IPO open for subscription: Check price band, business model, financials & more

The company was registered in February 2016 and commenced operations in April 2017 with its weaving facility located in Manufacturing Unit 1 at Paldi Kankaj, 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.

About the company

Alpine Texworld 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.

Manufacture of products (mainly Grey Fabric) is the primary revenue-generating segment, generating 97.63% to 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 contribution 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 had 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.

The company’s expansion strategy includes the installation of 48 more looms at Proposed Manufacturing Unit 3 from the IPO funds, along with the wider plan to build another spinning & weaving unit through borrowings and accruals. 6 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.

Financial snapshot

Alpine Texworld IPO objective

Alpine Texworld IPO details

Alpine Texworld IPO aims to raise ₹126 crore through its public issue. The issue is a complete fresh issue of over 1.2 crore shares.

The company has fixed the price band of the issue at ₹100 to ₹105 per share. The lot size, or the minimum bid quantity to apply for the issue, is 142 shares. This equates to a minimum investment amount of ₹14,910 per lot at the upper end of the price band for retail investors.

Alpine Texworld has appointed D&A Financial Services as the book-running lead manager of the IPO, while Kfin Technologies Ltd is the registrar for the issue.

Alpine Texworld IPO: Important dates

Alpine Texworld IPO will remain open for bidding from 14 to 16 July. After the bidding is closed, the allotment of shares is expected to be finalised on July 17.

Successful bidders can expect the shares to be credited to their demat accounts by July 20, with others receiving refunds on the same day. Alpine Texworld shares are scheduled to list on the BSE and NSE on July 21.

Strengths and opportunities

Risks and threats