The Rs 126.25 crore Alpine Texworld IPO has entered its third and final day of bidding on Thursday, drawing steady interest from investors. In the grey market, the IPO is trading at a premium of around 5% over its upper price band of Rs 105, indicating a potential listing price of nearly Rs 110 per share. However, the grey market premium (GMP) is an unofficial indicator and may fluctuate with market sentiment.

As of Day 2, the public issue was subscribed 80% against the 1.20 crore equity shares on offer. The Retail Individual Investors (RII) segment saw 86% subscription, with bids received for 84.16 lakh shares reserved for the category. The three-day issue closes for subscription on July 16, 2026.

Formerly known as Alpine Spinweave, Alpine Texworld manufactures premium-quality, durable fabrics catering to a wide range of industries. The company has fixed the IPO price band at Rs 100–105 per equity share. The issue is entirely a fresh issue of 1.20 crore equity shares, with no offer-for-sale (OFS) component.

The company aims to raise Rs 126.25 crore, with the proceeds earmarked for capacity expansion, strengthening its financial position, and meeting general corporate requirements.

The basis of allotment is expected to be finalised on July 17, 2026, while the shares are likely to make their stock market debut on the NSE and BSE on July 21, 2026.

Retail investors can apply for a minimum of one lot comprising 142 shares. At the upper price band of Rs 105, the minimum investment works out to Rs 14,910. Applications can be made in multiples of the lot size, with the maximum investment for retail investors capped at Rs 1,93,830.

Alpine Texworld IPO Subscription Status

Alpine Texworld's IPO garnered 80% overall subscription by the end of the second day of bidding, against the 1.20 crore equity shares on offer.

Retail Individual Investors (RIIs): The retail portion was subscribed 86%, with bids received for 84.16 lakh shares reserved for the segment.

Non-Institutional Investors (NIIs): The NII category saw 65% subscription against the 34.86 lakh shares allocated.

Qualified Institutional Buyers (QIBs): The QIB portion was fully subscribed at 100%, with bids covering the 1.20 lakh shares reserved for institutional investors.

Alpine Texworld IPO GMP Today

Alpine Texworld's IPO is currently commanding a grey market premium (GMP) of around Rs 5 per share, translating to nearly 5% above the upper price band of Rs 105. Based on the prevailing GMP, the shares are expected to debut at an estimated listing price of around Rs 110 per share.

That said, the Grey Market Premium is an unofficial indicator driven by market sentiment and can fluctuate before listing. It should not be considered a reliable predictor or guarantee of the stock's actual listing performance.

Alpine Texworld’s IPO has been priced at 10 times the face value at the lower price band and 10.5 times the face value at the upper price band. Based on the company’s diluted earnings per share (EPS) for FY2026, the IPO is valued at a price-to-earnings (P/E) multiple of 12.22 times at the lower band and 12.84 times at the upper band.

The valuation appears attractive compared with the industry peer average, which currently stands at a significantly higher P/E multiple of around 60.69 times.

D&A Financial Services Pvt. Ltd. is acting as the book-running lead manager for the IPO, while KFin Technologies Ltd. has been appointed as the registrar for the issue.

How Alpine Texworld will use IPO funds

The company plans to utilize the IPO proceeds primarily for capacity expansion, debt reduction, and general corporate purposes.

A significant portion of the funds will be directed towards expanding manufacturing capabilities. Alpine Texworld plans to invest Rs 32.08 crore in setting up a new weaving unit at its proposed Manufacturing Unit 3 in Ahmedabad, Gujarat. The facility is expected to enhance the company’s grey fabric production capacity.

Another Rs 52.20 crore will be used for repayment or prepayment of existing borrowings, helping reduce debt and improve financial flexibility. The remaining funds will support routine business operations and future growth initiatives.

Established in 2016, Alpine Texworld operates in the textile manufacturing industry with expertise in fabric dyeing and processing. The company produces a wide range of textiles and supplies products to garment manufacturers, traders, and other industry participants.

The company currently operates two manufacturing facilities equipped with modern dyeing and finishing technologies. Together, these facilities have an installed capacity of approximately 6,000 metric tonnes annually for processing cotton and blended yarn.

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.