| Annual Financials | Mar 2025 | Mar 2026 |
| Revenue | 237.32 | 342.71 |
| Expenses | 225.82 | 323.28 |
| Other Income | 0.34 | 7.47 |
| Total Revenue | 237.66 | 350.18 |
| Profit Before Tax | 11.84 | 26.89 |
| Net Profit | 8.63 | 21.72 |
Alpine Texworld
Alpine Texworld IPO
₹14,200
0.8 xOver-subscribedBidding Dates 14 Jul, 26 -16 Jul, 26
Min Investment ₹14,200
Lot Size142
Price Range ₹100 – ₹105
Issue Size ₹126.25 Cr.
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IPO Subscription Details
Retail Subscription Details
0.85 x
Non-Institutional Buyers (sHNI)
0.7 x
Non-Institutional Buyers (bHNI)
0.63 x
Qualified Institutional Buyers (QIB)
1 x
Total0.8 x
0.8 x IPO Timeline
IPO Offer Start
14 Jul,26
IPO Offer Ends
16 Jul,26
Allotment Finalisation
17 Jul,26
Refund Initiation
20 Jul,26
Listing of Shares
21 Jul,26
IPO Analysis
Strengths
The company is strategically located in Ahmedabad, Gujarat, which is a prominent textile hub with favorable policies and access to high-quality cotton from Gujarat's cotton belt contributing approximately 73 lakh bales in 2025-26 season.
The company uses automated machineries from global brands including 112 high-speed Toyota shuttleless air jet looms, Karl Mayer sizing machine, and Saurer spinning machines with total weaving capacity of 180 lakh metres annually.
The company acquired 97% stake in Alpine Cottweave LLP adding 96 lakh metres weaving capacity and established backward integration through Manufacturing Unit 2 with 6,000 MT annual spinning capacity.
Risks
The company is heavily dependent on its top 10 customers, who accounted for 70.33%, 70.19% and 71.86% of revenue from operations in Fiscal 2026, 2025 and 2024 respectively, with no firm commitments. The loss of any major customer would have a material adverse effect on business, cash flows and financial condition.
The company commenced operations at Manufacturing Unit 2 without obtaining Consolidated Consent and Authorization (CCA) from Gujarat Pollution Control Board and paid ₹1.98 million in penalties. Similar non-compliances for Proposed Manufacturing Unit 3 could result in regulatory actions, penalties, suspension or closure of operations.
The company has extended corporate guarantees aggregating to ₹557.50 million to secure debt facilities of its subsidiary. Any default by the subsidiary may result in invocation of guarantees, requiring substantial payments and adversely affecting liquidity, net worth and ability to service own indebtedness.
Objectives
The company proposes to finance the cost of setting up a new weaving unit at Proposed Manufacturing Unit 3 to expand its production capabilities to produce Grey Fabric at Ahmedabad, Gujarat, India. This expansion will increase the installed capacity by lakhs meters per annum and is expected to commence production by March 2027.
The company intends to utilize the net proceeds towards prepayment and/or repayment of full or part of the principal amount on cash credit facilities and term loans. This will help reduce outstanding indebtedness, maintain favorable debt-equity ratio, and reduce interest outflow.
The company proposes to deploy balance net proceeds towards general corporate purposes including funding growth opportunities, meeting ongoing corporate expenses, investment in subsidiary, payment of salaries and administration costs, and prepayment of unsecured borrowings, subject to not exceeding % of gross proceeds.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2025 | Mar 2026 |
| Total Assets | 294.86 | 305.31 |
| Current Assets | 157.33 | 149.11 |
| Fixed Assets | 137.52 | 156.19 |
| Total Equity & Liabilities | 294.86 | 305.31 |
| Total Liabilities | 241.96 | 229.89 |
| Current Liabilities | 137.90 | 116.72 |
| Non Current Liabilities | 104.06 | 113.18 |
| Total Equity | 52.90 | 75.41 |
Cash Flow
| Cash Flow | Mar 2025 | Mar 2026 |
| Net Cash Flow | 0.85 | -1.47 |
| Investing Activities | -94.50 | -32.37 |
| Operating Activities | 13.01 | 33.99 |
| Financing Activities | 82.35 | -3.09 |
About Alpine Texworld
Alpine Texworld Limited is a vertically integrated textile manufacturer incorporated in February 2016, specializing in manufacturing Grey Fabric and Yarn through weaving and spinning operations. The company operates two manufacturing units in Ahmedabad, Gujarat, with capabilities including 112 high-speed Toyota shuttleless air jet looms for weaving and four open end...more
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Managing DirectorSandeep Santkumar Agrawal
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