Alpine Texworld Limited IPO Opens July 14, 2026
Alpine Texworld Limited, formerly Alpine Spinweave Limited, issued a press release on July 16, 2026 announcing that its Mainboard Initial Public Offering will open on Tuesday, July 14, 2026. The company seeks to raise up to ₹1,262.52 million at the upper price band, with a per‑share price range of ₹100 to ₹105.
The issue size is capped at ₹1,262.52 million. Allocation guidelines specify that Qualified Institutional Buyers (QIBs) may receive no more than 1 % of the issue, Non‑Institutional Investors (NIIs) must receive at least 29 %, and Individual Investors must receive at least 70 % of the shares.
Net proceeds are earmarked for three purposes: (i) financing the establishment of a new weaving unit at the proposed Manufacturing Unit 3 in Ahmedabad to expand grey‑fabric production capacity, (ii) pre‑payment or repayment, in part or in full, of certain outstanding borrowings, and (iii) general corporate purposes.
The IPO will close on Thursday, July 16, 2026. D and A Financial Services Private Limited serves as the Book‑Running Lead Manager, while Kfin Technologies Limited is appointed as the Registrar of the issue.
Mr. Sandeep Santkumar Agrawal, Promoter, Chairman & Managing Director, stated that the IPO marks a significant milestone, highlighting the company’s integrated spinning and weaving capabilities, automated machinery, yarn‑sizing services, and renewable‑energy initiatives. He emphasized that the capital raised will accelerate the establishment of Manufacturing Unit 3, enhance grey‑fabric weaving capacity, improve production efficiency, and strengthen the company’s competitive position for sustainable long‑term growth.
Company overview: Alpine Texworld Limited manufactures cotton yarn and grey fabric through integrated spinning and weaving operations, supported by strategically located facilities in Ahmedabad, Gujarat, equipped with automated machinery and solar power plants. The firm has one subsidiary, Alpine Cottweave LLP, which operates in the weaving business.
Financial performance (FY26, consolidated): Revenue of ₹3,427.13 million, EBITDA of ₹474.48 million, and profit after tax (PAT) of ₹217.16 million.
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