Alpine Texworld IPO allotment will be finalised today, July 17, following a subscription period that saw the issue booked 1.4 times. Investors can check their allotment status through multiple channels - on NSE's website by selecting 'Equity & SME IPO bid details' under 'ALPINETEX' symbol with PAN and application number, or through KFin Technologies website by entering IPO application number, PAN or Demat account number. Refunds for unsuccessful bidders will begin on Monday, July 20, while successful applicants will receive shares in their demat accounts on the same day. The company expects to benefit from listing through enhanced visibility, brand image, and creation of a public market for its equity shares in India.
Alpine Texworld's IPO achieved 1.40 times oversubscription by 17:30 IST on July 16, marking strong investor interest on the final day of bidding. The mainboard issue received bids for 1.68 crore shares against the 1.20 crore shares on offer as of 17:30 IST on Thursday, July 16, 2026. The issue opened for bidding on Tuesday, July 14, 2026, and closed on Thursday, July 16, 2026. Among investor categories, the retail portion was subscribed 1.53 times with bids received for 1.24 crore shares reserved for the category, non-institutional investor (NII) segment at 1.09 times against 34.86 lakh shares, while the qualified institutional buyer (QIB) portion was also subscribed 1.09 times. The IPO is entirely a fresh issue with no Offer for Sale (OFS) component, priced at ₹126.25 crore at the upper price band of ₹105 per share. The stock is scheduled to list on both BSE and NSE with a tentative listing date of Tuesday, July 21.
Alpine Texworld shares are commanding a positive grey market premium of around ₹1 per share, indicating an estimated listing price of around ₹106 apiece. This represents a decline from the launch day GMP of ₹5 per share and marks a significant drop from the previous day's GMP of nearly ₹5, indicating possible flat listing gains for investors. The Day 4 subscription opened with weaker investor interest, with retail investors leading the subscription at 1.53 times of their reserved portion. The lot size has been fixed at 142 shares, requiring a minimum investment of ₹14,910 for retail investors at the upper end of the price band. For maximum participation, investors need ₹1,93,830 for 13 lots or 1,846 shares. The grey market premium reflects the difference between an IPO's issue price and its expected listing price in the unofficial market, though investors should note it's only an early indicator and should not be the sole basis for investment decisions.
The IPO is entirely a fresh issue with no Offer for Sale (OFS) component. As reported by Business Standard, the company has reserved 70% of the issue for retail investors, 29% for non-institutional investors (NIIs) and the remaining 1% for qualified institutional buyers (QIBs). D&A Financial Services serves as the book-running lead manager, while KFin Technologies has been appointed as the registrar. The offering consists entirely of a fresh issue of 1.20 crore equity shares, with the proceeds earmarked for corporate purposes such as capacity expansion, strengthening financial position, and meeting general corporate requirements. The price band has been fixed at ₹100 to ₹105 per share, with the IPO aiming to raise ₹126.25 crore. The basis of allotment is expected to be finalised today, with the shares scheduled to debut on both NSE and BSE on July 21.
Alpine Texworld (ATL) is a vertically integrated textile manufacturer that procures processed cotton, which is subject to open-end spinning, leading to yarns of various thicknesses. The yarns are then woven into grey fabric using looms. As reported by Business Standard, the company generates revenue primarily from the sale of grey fabric and yarn to customers in the textile value chain. Its operations are working capital intensive, with high inventory holding period and elongated receivable days. The company operates two manufacturing facilities equipped with modern dyeing and finishing technologies, catering to garment manufacturers and textile traders. Its facilities have an installed annual processing capacity of 6,000 metric tonnes (MT) of cotton and blended yarn. The company also operates 112 high-speed looms to manufacture a wide range of fabrics, including denim, suiting, shirting and ready-for-dyeing (RFD) fabrics. As part of its sustainability initiatives, the company has expanded into renewable energy, commissioning an 820 kW rooftop solar plant at its Unit 1 facility in January 2024, followed by a 5.4 MW ground-mounted solar project in Banaskantha, Gujarat, in March 2025.
For the fiscal year ending March 2026, Alpine Texworld reported consolidated net profit of ₹21.72 crore and sales of ₹342.71 crore for the twelve months ended on March 31, 2026, as reported by Business Standard. The company's total consolidated borrowings stood at ₹170.6 crore as of March 31, 2026. The company has demonstrated strong financial performance with profit after tax jumping 152% to ₹21.72 crore from ₹8.63 crore in the previous year. Total income increased significantly to ₹350.18 crore in FY26 from ₹237.66 crore in FY25, while EBITDA improved substantially to ₹47.45 crore from ₹27 crore. The company plans to utilize the net proceeds strategically, with ₹32.08 crore specifically allocated for setting up a new weaving unit at its proposed Manufacturing Unit 3 in Ahmedabad, Gujarat, which will enhance its grey fabric production capacity. ₹52.20 crore will be used for repaying outstanding borrowings, helping reduce debt and improve financial flexibility. The remaining funds will support routine business operations and future growth initiatives.
