IPO at a Glance
Price Band
₹100 to ₹105
Face Value ₹10 / share
Issue Opens
Jul 14, 2026
Closes Jul 16, 2026
Lot Size
142 Shares
Min Investment: ₹14,910
Total Issue Size
1,20,24,000 shares
100% Fresh Issue capital
Listing
BSE & NSE
Tentative: Jul 21, 2026
Lead Manager
D&A Financial Services
Registrar: Kfin Technologies
About the Company: Quality Fabric Processing House
Incorporated in 2016, Alpine Texworld Ltd. is an Ahmedabad-based textile processing house primarily engaged in the dyeing and processing of specialized fabrics. The company has built advanced technical infrastructure geared toward producing high-quality fabrics for garment manufacturers and cloth traders across the country.- Manufacturing Scale: Operates two well-equipped manufacturing facilities with an annual installed capacity of 6,000 MT of cotton and blended yarn.
- Production Capabilities: Equipped with 112 high-speed modern looms processing denim, suiting, shirting, and ready-for-dyeing (RFD) fabrics.
- Automated Technology: Integrates automated high-tech weaving machinery from top-tier global textile equipment brands like Toyota.
- Green Energy Integration: Maintains a progressive shift toward renewable operational power, backed by a 5.4 MW ground-mounted solar plant in Banaskantha and an 820 kW factory rooftop solar installation.
- Strategic Ecosystem: Holds significant commercial investment in Alpine Cottweave LLP to further leverage synergies in the yarn-to-fabric processing ecosystem.
Financial Trends & Growth Trajectory
Alpine Texworld has demonstrated high-velocity growth across top-line and bottom-line metrics over the past consecutive financial reporting cycles.| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | ₹305.31 Cr | ₹294.86 Cr | ₹149.82 Cr | ₹165.77 Cr |
| Total Income | ₹350.18 Cr | ₹237.66 Cr | ₹184.44 Cr | ₹238.54 Cr |
| Profit After Tax (PAT) | ₹21.72 Cr | ₹8.63 Cr | ₹4.88 Cr | ₹1.51 Cr |
| EBITDA | ₹47.45 Cr | ₹27.00 Cr | ₹19.91 Cr | ₹17.36 Cr |
| Net Worth | ₹72.88 Cr | ₹51.13 Cr | ₹42.55 Cr | ₹37.67 Cr |
| Total Borrowings | ₹177.60 Cr | ₹166.09 Cr | ₹76.47 Cr | ₹90.74 Cr |
All figures in ₹ Crore | Source: Red Herring Prospectus (Consolidated/Standalone Mix)
The recent scale-up is notable: between FY25 and FY26, total operational revenues grew by 47% to ₹350.18 Cr, while Net Profits (PAT) accelerated by an impressive 152%, expanding from ₹8.63 Cr to ₹21.72 Cr.Key Performance Indicators (FY 2026)
33.85%
ROE
17.56%
ROCE
29.44%
RoNW
6.34%
PAT Margin
13.84%
EBITDA Margin
2.35
Debt / Equity
Issue Allocation & Reservation Structure
Unlike most mainboard bookbuilding structures, the Alpine Texworld offer is heavily skewed toward retail participants, keeping institutional allocations minimal.| Investor Category | Shares Offered Allocation Ratio |
|---|---|
| Retail Portion Offered | Not less than 70% of the entire Issue |
| NII (HNI) Portion Offered | Not less than 29% of the entire Issue |
| QIB Portion Offered | Not more than 1% of the entire Issue |
IPO Structure & Use of Issue Proceeds
The capital raised from the entire ₹126.25 crore fresh capital issue flows fully to the corporate balance sheet to power growth and deleverage operations.- Prepayment or repayment, in part or full, of certain outstanding debt obligations ₹52.20 Cr
- Financing setup costs for a new weaving unit (Manufacturing Unit 3) at Ahmedabad, Gujarat ₹32.08 Cr
- General corporate purposes Balance
The Final Verdict
Alpine Texworld Ltd. represents a rapidly scaling fabric processing business showing excellent margin improvements. The 152% PAT jump in FY26 showcases operational leverage kicks, and its significant pivot into green solar generation helps insulate factory overheads from escalating electricity grids over time.
The price band of ₹100–105 values the company at an entry multiple of 12.68x on Pre-IPO earnings and 18.49x on Post-IPO expanded capital. Compared to listed industry peers like United Polyfab (31.60x P/E), the issue leaves reasonable headroom on the table.
With a massive 70% allocation reserved explicitly for retail applications, retail investors looking for a high-growth textile manufacturer with comfortable valuation entry metrics will find this story interesting to track.
Source: Chittorgarh
