Alpine Texworld, a manufacturer and trader of grey fabric and yarn, has opened its initial public offering (IPO) for subscription from July 14 to July 16. The company aims to raise ₹126 crore by issuing over 1.2 crore fresh shares priced between ₹100 and ₹105 each. This capital will fund the expansion of its weaving capacity and help repay existing borrowings.
Alpine Texworld’s Business and Growth Journey
Founded in February 2016, Alpine Texworld began operations in April 2017 with a weaving facility in Ahmedabad’s Paldi Kankaj area. Initially equipped with 48 high-speed Toyota shuttleless air-jet looms, the company expanded this to 112 looms by 2018, achieving an annual grey fabric production capacity of 180 lakh metres. In March 2025, it vertically integrated by adding a spinning unit with four open-end rotor spinning machines, producing up to 6,000 metric tonnes of yarn annually.
The company’s primary product is grey fabric, which accounted for nearly 97% of its revenue in the fiscal year 2026. Most of its sales come from Gujarat, contributing over 97% of revenue, with smaller portions from Uttar Pradesh, Delhi, and Haryana. Alpine Texworld’s top 10 customers made up 70% of sales in FY26, highlighting a concentrated client base. Meanwhile, the company has reduced its dependence on external yarn suppliers due to increased in-house spinning capacity.
Key Details of the IPO Offer
- IPO Size: ₹126 crore through a fresh issue of 1.2 crore shares
- Price Band: ₹100 to ₹105 per share
- Minimum Lot Size: 142 shares, costing approximately ₹14,910 at the upper price band
- Use of Funds: Setting up a new weaving unit and repaying debt
- Listing: Shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) by July 21
- Lead Manager: D&A Financial Services
- Registrar: Kfin Technologies Ltd
After the subscription period closes on July 16, share allotment is expected by July 17, with refunds and share credits processed by July 20.
Why Alpine Texworld’s IPO Matters for Investors
The company is positioned in Ahmedabad, a key hub for cotton and grey fabric production in Gujarat, which helps reduce raw material and logistics costs. The Indian grey fabric market is sizable and growing, estimated at nearly 76 billion square meters in 2025 and projected to reach around 99 billion square meters by 2030. Grey cotton fabrics dominate this market, making up 55% of the total.
Alpine Texworld’s expansion plans include adding 48 more looms at a new manufacturing unit funded by the IPO proceeds, along with future investments in spinning and weaving facilities. The company has already acquired six land plots for further growth, signaling long-term ambitions. For investors, this IPO offers a chance to participate in a textile firm with a growing production base and strategic location in a thriving industry.
Frequently Asked Questions
Q: When is the Alpine Texworld IPO subscription period?
A: The IPO is open for subscription from July 14 to July 16.
Q: What is the price range for the shares?
A: The shares are priced between ₹100 and ₹105 each.
Q: How will the company use the funds raised from the IPO?
A: The funds will be used to set up a new weaving unit and to repay existing borrowings.
