Alpine Texworld IPO

About the company

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

GMP trend (Grey Market Premium by date)

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   14 Jul 2026

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   16 Jul 2026

   Last day to place your bid

3. Basis of Allotment

   Completed
   17 Jul 2026

   Share allotment finalised

4. Refund Initiation

   Completed
   20 Jul 2026

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   20 Jul 2026

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   21 Jul 2026

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.