Alpine Texworld IPO
Grey Market Premium (GMP)
GMP applies before listing only. This IPO has listed — see Listing Performance below for the actual debut.
Subscription Status
| Category | Subscription |
|---|---|
| QIB | 1.09x |
| NII | 1.09x |
| sNII (₹2L–₹10L) | 1.48x |
| bNII (above ₹10L) | 0.9x |
| Retail (RII) | 1.54x |
| Total | 1.4x |
Bidding day 3 · final figures at close of bidding: 21 Jul 2026, 6:30 pm IST
IPO Details
- Open Date
- 14 Jul 2026
- Close Date
- 16 Jul 2026
- Listing Date
- 21 Jul 2026
- Face Value
- ₹10
- Fresh Issue
- ₹126.25 Cr
- OFS
- ₹0 Cr
- Listing On
- NSE, BSE
- Registrar
- KFin Technologies (KFintech)
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 142 | ₹14,910 |
| Retail (Max) | 14 | 1,988 | ₹2,08,740 |
| B-HNI (Min) | 68 | 9,656 | ₹10,13,880 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| QIB (ex-anchor) | 1,20,240 | 1% |
| NII | 34,86,960 | 29% |
| — sNII (< ₹10L) | 11,62,320 | 9.67% |
| — bNII (> ₹10L) | 23,24,640 | 19.33% |
| Retail | 84,16,800 | 70% |
| Total | 1,20,24,000 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2025 | 237.66 | 8.63 | 27 | 51.13 | 294.86 | 166.09 | — |
| FY 2026 | 350.18 | 21.72 | 47.45 | 72.88 | 305.31 | 177.6 | 8.28 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 12.68x
- P/E (post-issue)
- 18.49x
- RoNW
- 29.44%
- RoE
- 33.85%
- RoCE
- 17.56%
- Debt / Equity
- 2.35
- EPS (pre-issue)
- ₹8.28
- EPS (post-issue)
- ₹5.68
- EBITDA Margin
- 13.84%
- PAT Margin
- 6.34%
- P/BV
- 3.78x
- NAV / share
- ₹27.79
- Market Cap
- ₹401.59 Cr
As of 31 Mar 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Proposing to finance the cost of setting up a new weaving unit at Proposed Manufacturing Unit 3 to expand its production capabilities to produce Grey Fabric at Ahmedabad, Gujarat, India | ₹30.71 Cr |
| Prepayment or repayment, in part or full of certain outstanding borrowings | ₹52.2 Cr |
| General Corporate Purposes | ₹30.39 Cr |
| Issue Expenses | ₹12.95 Cr |
Net-proceeds utilisation as disclosed in the offer document.
Issue Expenses
| Purpose | Est. Amount |
|---|---|
| Fees payable to the BRLM (including underwriting commissions, brokerage and selling commission, as applicable) | ₹2.27 Cr |
| Commission/ processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Issue. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹5.03 Cr |
| Fees payable to the Registrar to the Issue | ₹0.02 Cr |
| Fees payable to other advisors to the Issue, including but not limited to Statutory Auditors, Independent Chartered Accountant, Practicing Company Secretary(ies), Chartered Engineer | ₹0.38 Cr |
| Fees payable to the other advisors to the Issue | ₹1.31 Cr |
| Industry Report provider for preparing the industry report, commissioned and paid for by the Company | ₹0.11 Cr |
| Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | ₹0.99 Cr |
| Printing and distribution of issue stationery | ₹0.12 Cr |
| Advertising and marketing expenses | ₹0.27 Cr |
| Fee payable to legal counsels | ₹1.48 Cr |
| Miscellaneous | ₹0.98 Cr |
Promoters & Shareholding
Promoters: <p>Sumit Champalal Agarwal, Sandeep Santkumar Agarwal, Sachinkumar Santkumar Agarwal</p>
- Holding (pre-issue)
- 90.36%
- Holding (post-issue)
- 61.95%
- Dilution
- 28.41%
Documents
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | P/BV | Statements |
|---|---|---|---|---|---|---|
| Alpine Texworld | 8.18 | 27.79 | — | 29.44% | — | Consolidated |
| Ken Enterprises | 6.27 | 51.68 | 5.27x | 12.14% | 0.65x | Consolidated |
| Pashupati Cotspin Ltd | 0.66 | 10.4 | 145.21x | 6.33% | 9.5x | Consolidated |
| United Polyfab Gujarat Ltd | 1.07 | 5.78 | 31.6x | 18.48% | 6.6x | Consolidated |
Peer group as disclosed in the offer document, figures as of 31 Mar 2026. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Broker Recommendations
| Reviewer | Verdict |
|---|---|
| Capital Market | Neutral |
Third-party analyst views on the Alpine Texworld IPO, aggregated for reference. ipostation does not rate IPOs — nothing here is investment advice.
Listing Performance
About the Alpine Texworld IPO
The Alpine Texworld mainboard IPO runs from 14 Jul 2026 to 16 Jul 2026, offered at a price band of ₹100–105 per share, and is set to list on NSE and BSE. The company is looking to raise ₹126.25 crore through the offer. Retail investors bid in lots of 142 shares, a minimum application of ₹14,910.
Issue structure
The IPO is structured entirely as a fresh issue of ₹126.25 crore, so the full proceeds flow to the company to fund its stated objects of the issue.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward prepayment or repayment, in part or full of certain outstanding borrowings (₹52.2 crore), alongside proposing to finance the cost of setting up a new weaving unit at proposed manufacturing unit 3 to expand its production capabilities to produce grey fabric at ahmedabad, gujarat, india (₹30.71 crore). In all, 4 objects are disclosed — the full break-up is in the table above.
Financials
In FY2026, Alpine Texworld reported revenue of ₹350.18 crore and a net profit of ₹21.72 crore. Revenue grew from ₹237.66 crore in FY2025 to ₹350.18 crore in FY2026 (+47.0%). Net worth stood at ₹72.88 crore at the end of FY2026. At the upper band, that puts the issue at roughly 12.7× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 18.49× post-issue earnings and 3.78× book value, against a return on net worth of 29.44% and a debt-to-equity ratio of 2.35. These ratios come from the offer document and are for comparison, not a recommendation.
Peer comparison
The offer document names listed peers including Ken Enterprises and Pashupati Cotspin Ltd, with a median peer P/E of about 31.6×. The issue's own post-issue P/E works out to 18.49×.
Promoters
The promoters of the company are <p>Sumit Champalal Agarwal, Sandeep Santkumar Agarwal, Sachinkumar Santkumar Agarwal</p>. Promoter holding stands at 90.36% before the issue and comes down to 61.95% after listing.
Grey market premium (GMP)
In the unofficial grey market, Alpine Texworld shares are quoted at a premium of ₹1 implying an expected listing around ₹106, about +0.9% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
Subscription
The Alpine Texworld IPO was subscribed 1.4 times overall. The strongest demand came from retail investors at 1.54 times, with qualified institutional buyers (QIB) at 1.09× and non-institutional investors (NII) at 1.09×.
Listing performance
Alpine Texworld listed on 21 Jul 2026 at ₹105, a premium of +0.0% over the issue price of ₹105.
What to weigh
When evaluating the Alpine Texworld IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About Alpine Texworld
Alpine Texworld Ltd operates in the textile processing industry, specializing in fabric dyeing and finishing services. The company is committed to delivering premium-quality textile solutions to meet the evolving needs of its customers. The company runs two advanced manufacturing units equipped with modern dyeing and finishing infrastructure. These facilities cater to garment manufacturers and textile traders by offering a broad range of processing services. Together, they have an annual installed capacity of 6,000 MT for cotton and blended yarn. Alongside its textile business, Alpine Texworld Ltd has expanded into renewable energy. In January 2024, it commissioned an 820 KW rooftop solar power plant at its first manufacturing unit. Further strengthening its sustainability initiatives, the company launched a 5.4 MW ground-mounted solar project in Banaskantha in March 2025. Well-positioned to benefit from increasing demand in the textile processing industry. Modern production facilities featuring automated machinery from globally recognized brands such as Toyota. Strategic investment in Alpine Cottweave LLP to support business growth. Led by experienced promoters with extensive industry expertise. Consistent financial performance supported by a strong operational track record.
Alpine Texworld — Contact Details
- Registered office
- Block No 614-1105, Village Paldi,, Pirana Miroli Road, Paldi Kankaj,, Dascroi, Ahmedabad, Gujarat, 382425
- Phone
- +91 9725309926
- Website
- alpinetexworld.com/
- Registrar (IPO queries)
- alpine.ipo@kfintech.com
Frequently asked questions
- What is the Alpine Texworld IPO price band?
- The Alpine Texworld IPO price band is ₹100 to ₹105 per share, with a lot size of 142 shares.
- What was the Alpine Texworld IPO GMP before listing?
- The final grey market premium recorded before the Alpine Texworld IPO listed was ₹1. The IPO listed on 21 Jul 2026 at ₹105, +0.0% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When does the Alpine Texworld IPO open and close?
- The Alpine Texworld IPO opens on 14 Jul 2026 and closes on 16 Jul 2026.
- When is the Alpine Texworld IPO allotment and listing date?
- Allotment is expected on 17 Jul 2026. The shares are scheduled to list on 21 Jul 2026 on NSE and BSE.
- How many times was the Alpine Texworld IPO subscribed?
- The Alpine Texworld IPO was subscribed 1.4 times in total across all investor categories.
- What is the reservation split in the Alpine Texworld IPO?
- Of the total shares offered, retail investors get 70%, QIBs 1%, non-institutional investors 29%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of Alpine Texworld and what is their holding?
- The promoters are <p>Sumit Champalal Agarwal, Sandeep Santkumar Agarwal, Sachinkumar Santkumar Agarwal</p>. Promoter holding is 90.36% before the issue and 61.95% after listing.
- What is the P/E ratio of the Alpine Texworld IPO?
- At the upper price band, the Alpine Texworld IPO is valued at 12.68× pre-issue earnings and 18.49× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Alpine Texworld IPO?
- The net proceeds go primarily toward prepayment or repayment, in part or full of certain outstanding borrowings, among 4 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Alpine Texworld IPO?
- The book-running lead manager is D&A Financial Services Pvt.Ltd.. KFin Technologies (KFintech) is the registrar to the issue.
- Is Alpine Texworld a Mainboard or SME IPO?
- Alpine Texworld is a Mainboard IPO, listing on NSE and BSE.