Alpine Texworld Limited
Alpine Texworld Limited is a textile manufacturer engaged in the production and trading of grey fabric and yarn, operating two integrated manufacturing units in Ahmedabad with a focus on weaving, spinning, and renewable energy. The company is raising ₹126.25 crores through a mainboard IPO opening July 14–16, 2026.
Overview
About the Company
Alpine Texworld Limited, incorporated in February 2016, is a Gujarat-based textile manufacturing company engaged in the production and trading of grey fabric and yarn. The company follows a vertically integrated model, converting processed cotton into yarn via open-end spinning and further weaving it into grey fabric using airjet looms. It operates two adjacent manufacturing units in Ahmedabad that together house 112 high-speed looms capable of producing denim, suiting, shirting, and ready-for-dyeing fabrics, with an installed annual capacity of 6,000 MT of cotton and blended yarn. The company also provides yarn sizing services and has made strategic investments through its subsidiary to expand weaving capacity as part of its backward integration strategy. To reduce energy costs, Alpine Texworld has commissioned a 5.4 MW ground-mounted solar plant in Banaskantha and an 820 kW rooftop solar system at its factory. As of March 31, 2026, the company had a workforce of 164 employees.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Financing the establishment of a new weaving unit at Proposed Manufacturing Unit 3 in Ahmedabad, Gujarat, to expand grey fabric production capacity (estimated ₹32.08 crores).
- › Prepayment or full/partial repayment of certain outstanding borrowings to reduce debt obligations (estimated ₹52.20 crores).
- › General corporate purposes (estimated ₹41.97 crores).
✅ Strengths
- ✓ Integrated spinning and weaving operations enhance production efficiency and ensure consistency in product quality.
- ✓ Backward integration has reduced the company's reliance on externally procured yarn, improving supply chain control.
- ✓ The promoters bring deep industry expertise and strong execution capabilities built over years in the textile sector.
- ✓ Investments in rooftop and ground-mounted solar power help offset a portion of the company's energy requirements, lowering operational costs.
- ✓ The company serves a broad customer base across the textile value chain through its grey fabric and yarn manufacturing capabilities.
- ✓ Automated machinery sourced from global brands such as Toyota has been integrated into the manufacturing process.
- ✓ A strategic investment in Alpine Cottweave LLP strengthens the company's weaving segment and backward integration strategy.
⚠️ Risks
- ! More than 70% of revenue is derived from the top 10 customers, and no long-term contractual commitments exist with them, creating concentration risk.
- ! The company depends on a small group of key suppliers for raw materials, which could disrupt production if supply is affected.
- ! Volatility in cotton and yarn prices can significantly impact manufacturing costs and overall profitability.
- ! Any delays in obtaining regulatory approvals for the proposed new manufacturing unit may impede the company's planned capacity expansion.
- ! Manufacturing facilities and major suppliers are predominantly located in Gujarat, which exposes operations to region-specific risks such as natural disasters or local disruptions.