Alpine Texworld Limited, a leading textile manufacturer known for producing high-quality and durable fabrics across multiple industries, is set to enter the capital markets with its Rs 126.25 crore Initial Public Offering. Formerly known as Alpine Spinweave, the company will open its IPO for subscription on July 14, 2026, with the issue closing on July 16, 2026.
The IPO has been priced in the range of Rs 100 to Rs 105 per equity share. The company plans to raise funds through a fresh issue of 1.2 crore equity shares, with no offer-for-sale component.
The basis of allotment is expected to be finalized on July 17, 2026, while the shares are scheduled to debut on both the National Stock Exchange of India and BSE Limited on July 21, 2026.
Retail investors can apply for a minimum of 142 shares and in multiples thereafter. At the upper price band, the maximum retail application will amount to Rs 1,93,830.
The IPO price translates into a floor price of 10 times the face value and a cap price of 10.5 times the face value of the equity shares.
Based on diluted earnings per share for FY2026, the company’s price-to-earnings (P/E) ratio stands at 12.22 times at the lower end and 12.84 times at the upper end of the price band. This compares favourably with the average P/E ratio of the industry peer group, which stands at 60.69 times.
D&A Financial Services Pvt. Ltd. is the book running lead manager for the issue, while KFin Technologies Ltd. has been appointed as the registrar.
How Alpine Texworld Plans to Use IPO Proceeds
The company intends to deploy the IPO proceeds towards expanding manufacturing capacity, reducing debt, and supporting general corporate requirements.
The proceeds from the IPO will primarily be utilized to support Alpine Texworld’s expansion and financial strengthening initiatives. The company plans to allocate Rs 32.08 crore towards setting up a new weaving unit at its proposed Manufacturing Unit 3 in Ahmedabad, Gujarat, aimed at expanding its grey fabric production capacity.
Additionally, Rs 52.20 crore will be used for the prepayment or repayment of existing borrowings, helping reduce the company’s debt burden. The remaining proceeds will be utilized for general corporate purposes, supporting ongoing business operations and future growth initiatives.
Founded in 2016, Alpine Texworld operates in the textile sector with expertise in fabric dyeing and processing. The company specializes in manufacturing high-quality textiles and caters to garment manufacturers, traders, and other industry players.
The company operates two manufacturing facilities equipped with advanced dyeing and finishing technologies. These units support the production of a wide range of textile products and have a combined installed capacity of approximately 6,000 metric tonnes per year of cotton and blended yarn processing.
Beyond textiles, Alpine Texworld has also expanded into renewable energy initiatives. In January 2024, the company commissioned an 820 KW rooftop solar plant at its Unit 1 facility. This was followed by the installation of a 5.4 MW ground-mounted solar project in Banaskantha, Gujarat, in March 2025.
