Alpine Texworld IPO: Check the GMP, Price Band, Financial Analysis and More

Synopsis: Alpine Texworld Limited’s ₹126.25 crore IPO opens on July 14, 2026. The company plans to expand weaving capacity and repay borrowings, backed by strong financial growth and integrated textile manufacturing operations.

Alpine Texworld Limited is launching its Initial Public Offering (IPO) to raise funds for setting up a new weaving unit and repayment of outstanding borrowings. The IPO size aggregates up to Rs. 126.25 crore, comprising a fully fresh issue of 1.20 crore equity shares totalling Rs. 126.25 crore.

Alpine Texworld Limited’s IPO price band is set at Rs. 100 to Rs. 105 per share. The IPO opens for subscription on July 14, 2026, and closes on July 16, 2026. The shares will be listed on the NSE and BSE on Tuesday, July 21, 2026. Here’s everything you need to know.

GMP of Alpine Texworld Limited IPO

As of July 13th, 2026, the shares of Alpine Texworld Limited in the grey market were trading at a 1.90 percent premium. The shares in the Grey Market traded at Rs. 107. This gives it a premium of Rs. 2 per share over the cap price of Rs. 105. 

Overview of Alpine Texworld Limited

Alpine Texworld Limited was incorporated in February 2016 and is a textile manufacturing company engaged in weaving, dyeing, and processing fabrics. The company produces high-quality textile products for garment manufacturers and fabric traders. It focuses on delivering quality products through modern manufacturing processes.

The company operates two manufacturing units equipped with advanced machinery. It has an annual installed capacity of 6,000 MT of cotton and blended yarn. Alpine Texworld also operates 112 high-speed looms that manufacture denim, suiting, shirting, and ready-for-dyeing (RFD) fabrics. These facilities help the company meet the growing demand from the textile industry.

Alpine Texworld also focuses on sustainability by using renewable energy in its operations. It operates a 5.4 MW ground-mounted solar power plant in Banaskantha and an 820 kW rooftop solar system at its manufacturing facility. As of March 31, 2026, the company had 164 employees supporting its manufacturing and business operations.

Promoters of Alpine Texworld Limited

The promoters are Sumit Champalal Agarwal, Sandeep Santkumar Agrawal, and Sachinkumar Santkumar Agrawal. They have extensive experience in textile manufacturing and business management.

Alpine Texworld Limited Selling Shareholders

The IPO does not include an offer for sale. Therefore, no existing shareholders are selling shares through the public issue. The entire offering consists of a fresh issue.

Lead Managers of Alpine Texworld Limited IPO

D&A Financial Services Private Limited is the Book Running Lead Manager. KFin Technologies Limited is acting as the registrar to the issue.

Objectives of the IPO Offer

Alpine Texworld Limited proposes to utilize the IPO proceeds for three key objectives. The company will invest Rs. 32.08 crore to establish a new weaving unit at its proposed manufacturing facility in Ahmedabad, Gujarat, to expand grey fabric production.

Additionally, Rs. 52.20 crore will be used to prepay or repay certain outstanding borrowings, improving the company’s financial position. The remaining proceeds will be utilized for general corporate purposes, supporting business operations and future growth initiatives.

Financial Analysis of Alpine Texworld

Coming into financial highlights, Alpine Texworld Limited’s consolidated revenue from operations has increased from Rs. 237.32 crore in FY24 to Rs. 342.71 crore in FY25, which represents a growth of 44.41 percent. The company’s net profit has also grown by 151.68 percent from Rs. 8.63 crore in FY24 to Rs. 21.72 crore in FY25.

Alpine Texworld Limited has a PAT Margin of 6.34 percent and an EBITDA Margin of 13.84 percent. Further, Alpine Texworld Limited’s revenue and net profit have grown at a CAGR of 36.62 percent and 110.93 percent, respectively, over the last two years.

In terms of return ratios, the company’s ROE and ROCE stand at 33.85 percent and 17.56 percent, respectively. Alpine Texworld Limited has an earnings per share (EPS) of Rs. 8.28, and its debt-to-equity ratio is 2.35x.

Alpine Texworld Limited vs Peers

Alpine Texworld Limited reported revenue from operations of Rs. 342.71 crore in FY2026. The company reported an EPS of Rs. 8.18 and a RoNW of 29.44 percent. In comparison, United Polyfab Gujarat Limited reported revenue of Rs. 682.04 crore with an EPS of Rs. 1.07 and a RoNW of 18.48 percent. Ken Enterprises Limited recorded revenue of Rs. 631.82 crore with an EPS of Rs. 6.27 and a RoNW of 12.14 percent.

Pashupati Cotspin Limited reported revenue of Rs. 687.81 crore with an EPS of Rs. 0.66 and a RoNW of 6.33 percent. Alpine Texworld Limited’s net asset value per share stands at Rs. 27.79. In comparison, United Polyfab Gujarat Limited reported Rs. 5.78, Ken Enterprises Limited reported Rs. 51.68, and Pashupati Cotspin Limited reported Rs. 10.40.

Strengths of Alpine Texworld Limited

• Integrated textile manufacturing facilities improve production efficiency and operational control across manufacturing processes.
• Strong revenue growth reflects increasing customer demand and expanding business operations successfully.
• Experienced promoters bring valuable textile industry knowledge and long-term business management expertise.
• Modern manufacturing infrastructure supports quality products and scalable production capabilities efficiently.
• Expansion plans can strengthen production capacity and improve future revenue growth opportunities.

Weaknesses of Alpine Texworld Limited

• The business depends heavily on grey fabric sales for overall operating revenue generation.
• Raw material price fluctuations may significantly impact operating margins and profitability levels.
• The company relies heavily on a limited number of major customers for revenue.
• High borrowings may increase financial obligations and interest costs over future periods.
• Intense competition within the textile industry may pressure margins and market share.

Alpine Texworld Limited’s IPO offers investors exposure to India’s expanding textile manufacturing industry. The company has reported strong financial growth and plans capacity expansion through the IPO proceeds. Investors should evaluate the company’s financial performance, competitive position, valuation, and business risks before subscribing to the IPO.

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