Alpine Texworld IPO Opens July 14: Price Band, Issue Size and Key Details
- 9th July 2026
- 01:00 PM
- 3 min read
Summary
Alpine Texworld's initial public offering opens for subscription on July 14 with a price band of ₹100 to ₹105 per share. The company aims to raise ₹126.25 crore through an entirely fresh issue. Shares are set to list on July 21.Mumbai | July 9, 2026
Gujarat-based textile company Alpine Texworld, formerly known as Alpine Spinweave, is set to open its public issue on July 14, becoming the second mainboard IPO to launch that week after SBI Funds Management.
Issue Structure and Key Dates
The company aims to raise ₹126.25 crore through an initial public offering of 1.2 crore equity shares, comprising an entirely fresh issue. The offer size has been reduced from the 1.5 crore shares originally planned in the draft red herring prospectus filed in September 2025. The Securities and Exchange Board of India cleared the draft document in February 2026.
The price band has been fixed at ₹100 to ₹105 per share, valuing the company at ₹401.59 crore. The public issue closes on July 16. Investors can bid for a minimum of 142 equity shares and in multiples of 142 shares thereafter. The minimum investment for retail investors is ₹14,910, while the maximum is ₹1,93,830 at the upper price band. Small non-institutional investors need to bid for 14 lots, or 1,988 shares, amounting to ₹2,08,740, while big non-institutional investors require 68 lots, or 9,656 shares, amounting to ₹10,13,880.
D&A Financial Services is the sole book-running lead manager to the issue, with KFin Technologies as registrar.
Allotment and Listing Timeline
Share allotment is expected to be finalised by July 17. Alpine Texworld shares are scheduled to list on the BSE and NSE on July 21.
Company Overview
Incorporated in February 2016, Alpine Texworld manufactures and trades grey fabric and yarn from two manufacturing units in Gujarat. Manufacturing Unit 1 houses 112 shuttleless air-jet looms with an annual installed weaving capacity of 180 lakh metres of grey fabric, along with one multi-cylinder sizing machine with an annual yarn sizing capacity of 6,650 metric tonnes. Manufacturing Unit 2 has four open-end rotor spinning machines with an annual spinning capacity of 6,000 metric tonnes.
The company will use the IPO proceeds to set up a new weaving unit, Manufacturing Unit 3, to expand its grey fabric production capacity, repay loans, and meet general corporate purposes. It plans to build the new unit adjacent to its existing facilities, given that current capacity utilisation is close to optimal. “Following this expansion, our installed capacity will increase by 77.50 lakh metres per annum for the production of grey fabric,” Alpine Texworld said.
Outlook
The fresh issue structure means proceeds will go directly to the company to fund its expansion and debt repayment plans, rather than to selling shareholders.
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