Alpine Texworld IPO Sees Full Subscription on Final Day
The initial public offering (IPO) of Alpine Texworld, an Ahmedabad-based textile processing company, concluded its bidding period on July 16, 2026, achieving a full subscription. By the close of the third and final day, the issue was subscribed 1.36 times overall, attracting significant investor interest for its Rs 126 crore fresh share sale.
Detailed Subscription Figures
Investor participation saw varied interest across different categories. Qualified Institutional Buyers (QIBs) subscribed 1.08 times their allocated portion, while Non-Institutional Investors (NIIs) bids reached 1.09 times. Retail investors showed the strongest demand, booking their quota 1.48 times by 3:40 PM on the final bidding day.
Company Profile and Financial Overview
Incorporated in February 2016, Alpine Texworld specializes in dyeing and processing a diverse range of high-quality fabrics. The company operates two manufacturing units equipped for specialized dyeing and finishing, catering to garment manufacturers and traders. Financially, Alpine Texworld reported a net profit of Rs 21.72 crore on a revenue of Rs 350.18 crore for the financial year ending March 31, 2026. This marks a substantial increase from the previous fiscal year (FY25), where the company posted a net profit of Rs 8.63 crore with revenue of Rs 237.66 crore. At current valuations, the company commands a market capitalization exceeding Rs 400 crore.
IPO Structure and Listing Details
Alpine Texworld offered its shares in a price band of Rs 100-105 apiece, allowing investors to apply for a minimum of 142 shares. The IPO aimed to raise Rs 126 crore through an entirely fresh issue of up to 1,20,24,000 equity shares. D&A Financial Services served as the sole book-running lead manager for the issue, with Kfin Technologies appointed as the registrar. The allocation structure reserved 1% for QIBs, 29% for NIIs, and a significant 70% for retail investors; notably, no shares were allocated to anchor investors.
Shares of Alpine Texworld are scheduled for listing on both the BSE and NSE on Tuesday, July 21, 2026. Early indications from the grey market premium (GMP) suggested a modest premium of Rs 1-2 per share, hinting at a potentially flat listing for investors.