Summary of this article
Alpine Texworld IPO booked 26 percent on opening day.
Grey market premium indicates a decent listing around Rs 110.
Proceeds will fund a new Ahmedabad weaving manufacturing unit.
Textile manufacturer Alpine Texworld's public issue opened for subscription today, on July 14. The company’s public issue is slated to close for subscription on July 16. On the first day of subscription, the issue has been booked 26 per cent across categories at the time of writing. Here are some key details of the public issue which applicants should know before applying for the Alpine Texworld IPO:
Alpine Texworld IPO Subscription
Alpine Texworld IPO has been subscribed 26 per cent so far on the first day of subscription, receiving applications for 3.1 million shares against the 12.02 million shares set aside for the issue.
Retail individual investors (RIIs) booked their quota 24 per cent by placing bids for 1.98 million shares compared to the 8.41 million shares offered for subscription.
Non-institutional investors applied for 1.6 million shares compared to the 3.48 million shares set aside for NIIs, booking the issue 30 per cent. At the time of writing, qualified institutional buyers (QIBs) have placed bids for 1,20,700 shares compared to the 1,20,240 shares set aside for the category, fully subscribing to their quota.
Alpine Texworld IPO GMP
Shares of Alpine Texworld are trading with a grey market premium (GMP) of Rs 5 above the upper end of the price band. Based on the current GMP trends shares of the company are expected to list at Rs 110 apiece with a premium of 4.76 per cent.
Alpine Texworld IPO Offer Size, Listing Date, Price Band
Alpine Texworld IPO issue size aggregates to Rs 126.25 crore and consists entirely of a fresh issue of 12 million shares. There is no offer for sale (OFS) component.
The price band for the Alpine Texworld IPO has been fixed at Rs 100 to Rs 105 per share. Retail individual investors (RIIs) can apply for the textile company's public issue by placing bids for 142 shares or 1 lot, aggregating to a minimum investment of Rs 14,910 at the upper price band.
Alpine Texworld will finalise the share allotment status of the public issue on July 17. Successful applicants will receive shares of Alpine Texworld in their demat accounts on July 20. Refunds will be issued for unsuccessful applicants on July 20 as well. Shares of Alpine Texworld will tentatively list on the BSE and NSE on July 21.
Alpine Texworld: Key Financials
The textile manufacturer's total income for the fiscal year ended March 31, 2026, stood at Rs 350.18 crore growing by over 47 per cent year-on-year compared to Rs 237.66 crore. The company’s profit-after-tax for the same period stood at Rs 21.72 crore increasing by 151 per cent compared to Rs 8.63 crore in the preceding fiscal. The net worth of the company grew by over 42 per cent to Rs 72.88 crore compared to Rs 51.13 crore.
Alpine Texworld IPO: Reservation
A major part of the public issue has been set aside for the Retail category, with 70.00 per cent of the offer size reserved for them. As much as 29.00 per cent of the offer size of the Alpine Texworld IPO has been set aside for NIIs, and just 1.00 per cent has been reserved for QIBs.
Alpine Texworld: Promoters
The promoters of the textile manufacturer include Sumit Champalal Agarwal, Sandeep Santkumar Agarwal, and Sachinkumar Santkumar Agarwal. Since the IPO is entirely a fresh issue, the promoters are not paring their shares, though their pre-issue holding of 90.36 per cent will be diluted to 61.96 per cent once the stock lists.
Alpine Texworld IPO: Objective
The company plans to use the net proceeds of the public issue for financing the cost of setting up a new weaving unit to expand production capabilities for Grey Fabric in Ahmedabad, Gujarat. The company also plans to use the proceeds for the prepayment or repayment of certain outstanding borrowings and for general corporate purposes.
About Alpine Texworld
Alpine Texworld was incorporated in February 2016. Alpine Texworld is a textile manufacturer engaged in the dyeing and processing of fabrics. The company operates 112 high-speed looms capable of producing denim, suiting, shirting, and ready-for-dyeing (RFD) fabrics, with an annual installed capacity of 6,000 MT. The company is also focused on green energy, operating a 5.4 MW ground-mounted solar plant in Banaskantha.
