Alpine Texworld IPO
Textiles • ₹126.25 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- The company’s long-term credit rating was downgraded by CRISIL from ‘CRISIL BBB-/Stable’ t…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹105
Lot Size
142 shares
Issue Size
₹126.25 Cr
Open
14 Jul 2026
Close
16 Jul 2026
Subscription
1.38×
IPO Schedule
| Issue Open Date | 14 Jul 2026 |
| Issue Close Date | 16 Jul 2026 |
| Allotment Date | 17 Jul 2026 |
| Listing Date | 20 Jul 2026 |
About Alpine Texworld
Alpine Texworld Limited is a textile manufacturing company engaged in the manufacturing and trading of grey fabric and yarn. The company also provides yarn sizing services and operates as a vertically integrated manufacturer with capabilities across spinning and weaving. It manufactures yarn through open-end rotor spinning and uses the yarn to produce grey fabric, while also sourcing yarn from third-party suppliers to meet production requirements. Incorporated in 2016, the company operates two manufacturing units located at Paldi Kankaj, Ahmedabad, Gujarat. Manufacturing Unit 1 houses its weaving and yarn sizing operations, while Manufacturing Unit 2, commissioned in 2025, is dedicated to spinning. The company also operates rooftop and ground-mounted solar power facilities to support its manufacturing operations. In addition, Alpine Texworld has a subsidiary, Alpine Cottweave LLP, which operates a weaving unit and contributes to the company’s overall weaving capacity. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Finance the setting up of a new weaving unit at the proposed manufacturing unit 3 to expand its production capacity to produce grey fabric at Ahmedabad, Gujarat — Rs 30.71 crore Prepayment or repayment, in part or in full, of certain outstanding borrowings — Rs 52.2 crore General corporate purposes.
Company Details
Founders / Promoters
Mr Sandeep Agrawal
Founded
2016
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Alpine Texworld — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.1x and elevated disclosed risk (7/10), Alpine Texworld listed at a premium of 0.0% to its issue price. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- The company claims to operate a vertically integrated textile manufacturing business. It has weaving, yarn sizing, and spinning capabilities under one group, with the spinning unit commissioned in 202
- The company claims to have an automated manufacturing setup with machinery sourced from global manufacturers. Its facilities include 112 Toyota shuttleless air jet looms, Karl Mayer sizing machinery,
- The company has strategically expanded its manufacturing capacity through backward integration and acquisition. It acquired a 97% stake in Alpine Cottweave LLP, adding 96 lakh metres of annual weaving
- The company’s manufacturing units are located adjacent to each other in Ahmedabad, Gujarat. It claims this setup enables direct transfer of yarn from the spinning unit to the weaving unit, reducing tr
- The company has invested in captive solar power infrastructure to support its manufacturing operations. It operates rooftop solar plants with a combined capacity of 1.295 MW and ground-mounted solar p
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score 0
Actual listing outcome → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹105
Listing Price
₹105
Listing Gain/Loss
+0.00%
Listing Date
20 Jul 2026
Price Since Listing
Returns are measured against the ₹105 issue price.
Listing
₹105
+0.0%
1 Week
₹81.27
-22.6%
Current
₹69.69
-33.6%
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FAQ
What is the price band of Alpine Texworld IPO?
The price band is ₹105 per share with a lot size of 142 shares. Minimum investment: ₹14,910.
What does Alpine Texworld do?
Alpine Texworld Limited is a textile manufacturing company engaged in the manufacturing and trading of grey fabric and yarn. The company also provides yarn sizing services and operates as a vertically integrated manufacturer with capabilities across spinning and weaving. It manufactures yarn through open-end rotor spinning and uses the yarn to produce grey fabric, while also sourcing yarn from third-party suppliers to meet production requirements. Incorporated in 2016, the company operates two manufacturing units located at Paldi Kankaj, Ahmedabad, Gujarat. Manufacturing Unit 1 houses its weaving and yarn sizing operations, while Manufacturing Unit 2, commissioned in 2025, is dedicated to spinning. The company also operates rooftop and ground-mounted solar power facilities to support its manufacturing operations. In addition, Alpine Texworld has a subsidiary, Alpine Cottweave LLP, which operates a weaving unit and contributes to the company’s overall weaving capacity. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Finance the setting up of a new weaving unit at the proposed manufacturing unit 3 to expand its production capacity to produce grey fabric at Ahmedabad, Gujarat — Rs 30.71 crore Prepayment or repayment, in part or in full, of certain outstanding borrowings — Rs 52.2 crore General corporate purposes.
Should I apply for Alpine Texworld IPO?
Alpine Texworld listed at ₹105 (+0.0% premium to the ₹105 issue price) after 1.4x subscription. IPOFins Score 4/10: Driven by QIB demand at 1.1x and elevated disclosed risk (7/10), Alpine Texworld listed at a premium of 0.0% to its issue price. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Alpine Texworld?
Alpine Texworld was founded by Mr Sandeep Agrawal in 2016.