# Alpine Texworld Limited: IPO analysis > Alpine Texworld Limited (CIN U17120GJ2016PLC086259) has filed a Prospectus with SEBI for an IPO comprising a fresh issue of ₹126 Cr, priced at ₹100.00 to ₹105.00 per share. In FY26 it reported revenue of ₹343 Cr (+44.4% on FY25) and a net profit of ₹22 Cr. Promoters hold 90.4% before the IPO. Our fact-check of its claims found no medium or high concerns across 48 claims checked. - Page: https://ipo.innerkore.com/company/U17120GJ2016PLC086259/alpine-texworld-limited/ - CIN: U17120GJ2016PLC086259 - Last updated: 13 Aug 2026 ## Key facts - **Company:** Alpine Texworld Limited - **CIN:** U17120GJ2016PLC086259 - **Filing stage:** Prospectus - **Latest SEBI filing:** 13 Aug 2026 - **Fresh issue:** ₹126 Cr - **Price band:** ₹100.00 to ₹105.00 per share - **Final offer price:** ₹105.00 per share - **Lot size:** 142 shares - **Bidding opens:** 14 Jul 2026 - **Bidding closes:** 16 Jul 2026 - **Listing on:** BSE, NSE - **Revenue FY26:** ₹343 Cr - **Revenue growth:** +44.4% - **Net profit FY26:** ₹22 Cr - **Revenue CAGR FY24 to FY26:** 36.6% - **Promoter holding (pre-IPO):** 90.4% - **Lead managers:** D and A Financial Services Private Limited - **Registrar:** Kfin Technologies Limited - **Fact-check flags:** 0 high, 0 medium, 0 low ## Key signals (read from the filing; not investment advice) - **Valuation** (looks fine): 18.5x P/E. At the top of the band, on FY26 profit; 5.3x book value. - **Growth** (looks fine): 36.6% a year. Sales FY24 to FY26; latest year +44.4%. - **Profitability** (look closer): 6.3% net margin. FY26; operating margin improving. - **Debt** (concern): 2.35x equity. ₹178 crore borrowed at the end of FY26. - **Profit into cash** (looks fine): 156% of profit. Operations brought in ₹34 crore against ₹21.7 crore of profit in FY26. - **One-off income** (look closer): 28% of profit. Other and one-off income is 28% of pre-tax profit. - **Where the money goes** (looks fine): All new money. 100% is new shares issued by the company. 46% of the new money repays debt. - **Red flags** (looks fine): None serious. 48 claims checked: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; consolidated) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 184 | 237 | 343 | | Sales growth | – | 29.3% | 44.4% | | Operating profit | 20 | 27 | 47 | | Operating margin | 10.8% | 11.4% | 13.8% | | Net profit | 4.9 | 8.6 | 22 | | Net margin | 2.7% | 3.6% | 6.3% | | Net worth | 43 | 53 | 75 | | Borrowings | 76 | 166 | 178 | | Return on equity | 11.5% | 16.3% | 28.8% | ## Use of proceeds (fresh issue) - Proposing 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: ₹31 crore - Prepayment or repayment, in part or full of certain outstanding borrowings: ₹52 crore - General corporate purposes(1): ₹30 crore ## Fact-checked claims - **NONE** (SubsidiaryPerformance): The Company is a Public Limited entity.. No current web search results were found to corroborate, contradict, or provide any information regarding whether Alpine Texworld Limited is a Public Limited entity. - **NONE** (SubsidiaryPerformance): There is no conflict of interest between the lessors of immovable properties and the Subsidiary, except for land availed on leasehold basis from Alpine Weaving Private Limited.. No web search results were found to corroborate, contradict, update, or provide any new information regarding the claim made in the DRHP regarding conflicts of interest between lessors and the subsidiary. - **NONE** (SubsidiaryPerformance): K.P.R Mill Limited is a vertically integrated textile company involved in spinning, weaving, and garment manufacturing.. No current web search results were found to corroborate or contradict the claim that K.P.R Mill Limited is a vertically integrated textile company involved in spinning, weaving, and garment manufacturing. - **NONE** (SubsidiaryPerformance): Nitin Spinners Limited is a manufacturer of cotton yarn, known for its combed compact yarn and organic cotton yarn.. No web search results were found to corroborate, contradict, or provide any information regarding Nitin Spinners Limited's manufacturing capabilities as described in the claim. - **NONE** (SubsidiaryPerformance): Alok Industries Limited is a prominent textile manufacturer specializing in cotton yarn, apparel fabric, and home textiles.. No current web search results were found to corroborate or contradict the claim regarding Alok Industries Limited being a prominent textile manufacturer specializing in cotton yarn, apparel fabric, and home textiles. - **NONE** (RegulatoryAction): The Company confirms compliance with the conditions specified in Regulation 7(1) of the SEBI ICDR Regulations, to the extent applicable.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Alpine Texworld Limited confirms compliance with Regulation 7(1) of the SEBI ICDR Regulations. - **NONE** (RegulatoryAction): No company associated with Promoters and Directors has been debarred from accessing capital markets under any order or direction passed by SEBI or any other authorities.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim that no company associated with the promoters and directors has been debarred from accessing capital markets by regulatory authorities. - **NONE** (RegulatoryAction): No Directors are associated with the securities market and there is no outstanding action initiated by SEBI against any of the Directors in the five years preceding the date of this Prospectus.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim made in the DRHP statement about directors' association with the securities market or any SEBI actions against them. - **NONE** (SubsidiaryPerformance): The Investment in Unquoted Equity Shares of The Saraswat Co-operative Bank Limited showed a change from 0.03 ₹ Millions as of March 31st, 2024, to 0.05 ₹ Millions as of March 31st, 2026.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the investment change in Unquoted Equity Shares of The Saraswat Co-operative Bank Limited as stated in the DRHP. - **NONE** (SubsidiaryPerformance): The Board has constituted the following Board committees in terms of the SEBI Listing Regulations and the Companies Act: Audit Committee, Nomination and Remuneration Committee, Stakeholders’ Relationship Committee, and Corporate Social Responsibility Committee.. No current web search results were found to corroborate, contradict, update, or provide any new information regarding the claim that the Board of Alpine Texworld Limited had constituted Audit, Nomination and Remuneration, Stakeholders’ Relationship, and Corporate Social Responsibility committees. - **NONE** (SubsidiaryPerformance): The company was converted from a private limited company to a public limited company on October 16, 2024, and the name was changed to ‘Alpine Spinweave Limited’.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Alpine Texworld Limited was converted to a public limited company and renamed to ‘Alpine Spinweave Limited’ on October 16, 2024. - **NONE** (SubsidiaryPerformance): The company was originally incorporated as ‘Alpine Spinweave Private Limited’ as a private limited company under the Companies Act, 2013 pursuant to a certificate of incorporation dated February 26, 2016.. No web search results were found to corroborate, contradict, update, or provide any new information regarding the claim about the original incorporation of Alpine Texworld Limited as ‘Alpine Spinweave Private Limited’. ## Common questions ### How big is the Alpine Texworld Limited IPO? Alpine Texworld Limited's IPO comprises a fresh issue of ₹126 Cr, according to its Prospectus. The price band was ₹100.00 to ₹105.00 per share and the final offer price was ₹105.00 per share. ### What are Alpine Texworld Limited's revenue and profit? Alpine Texworld Limited reported revenue from operations of ₹343 Cr in FY26, +44.4% versus FY25. Net profit was ₹22 Cr (FY25: ₹8.6 Cr). Revenue grew at a compound rate of 36.6% a year from FY24 to FY26. Figures are read from the Prospectus, as printed there. ### How much do promoters own in Alpine Texworld Limited? Promoters hold 90.4% of Alpine Texworld Limited before the IPO. ### How will Alpine Texworld Limited use the IPO money? The fresh-issue proceeds are earmarked for: Proposing 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 (₹31 Cr); Prepayment or repayment, in part or full of certain outstanding borrowings (₹52 Cr); General corporate purposes (₹30 Cr). ### What are the red flags in Alpine Texworld Limited's Prospectus? We fact-checked 48 claims from the filing against the open web: 0 raised a high concern, 0 medium and 0 low. This is an automated screen, not a verdict; each finding links to its sources. ### What does Alpine Texworld Limited do? The biggest red flag in the Alpine Texworld Limited IPO filing is this: there is absolutely no public record confirming they are a Public Limited entity. This lack of transparency raises immediate questions about the legitimacy and regulatory standing of this supposed market debut. ### Who manages the Alpine Texworld Limited IPO? Book running lead managers: D and A Financial Services Private Limited. Registrar to the offer: Kfin Technologies Limited. Shares are proposed to list on BSE and NSE. ### Where can I read the original Alpine Texworld Limited IPO documents? All 3 filings for Alpine Texworld Limited (Corrigendum, Prospectus, DAP) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [ALPINE TEXWORLD LIMITED - Prospectus](https://www.sebi.gov.in/sebi_data/commondocs/aug-2026/Corrigendum%20II_p.pdf) (Corrigendum, filed 13 Aug 2026) - [ALPINE TEXWORLD LIMITED - Prospectus](https://www.sebi.gov.in/sebi_data/attachdocs/aug-2026/1786621533716.pdf) (Prospectus, filed 13 Aug 2026) - [ALPINE TEXWORLD LIMITED - Prospectus](https://www.sebi.gov.in/sebi_data/commondocs/aug-2026/Abridged%20prospectus_p.pdf) (Abridged prospectus (DAP), filed 13 Aug 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.