Indo-MIM Ltd (MAINBOARD)

Incorporated in 2016 and headquartered in Ahmedabad, Gujarat, Alpine Texworld Limited is an integrated textile manufacturer engaged in spinning, sizing, weaving, and processing fabrics. The company operates a vertically integrated production model, converting processed cotton into yarn via open-end spinning and further weaving it into grey fabric using 112 automated airjet looms.

Business Verticals

• Grey Fabric & Yarn Manufacturing: Producing and selling grey fabric and high-quality yarn for downstream textile sectors (denim, suiting, shirting, and ready-for-dyeing fabrics), accounting for over 90% of operational revenue.

• Renewable Energy Integration: Powering facilities using an 820 kW rooftop solar plant alongside a 5.4 MW ground-mounted solar power setup in Banaskantha, Gujarat.

Track Record

• Financial Scale: Total consolidated income experienced rapid traction, rising from ₹184.81 Cr in FY24 to ₹237.66 Cr in FY25, and jumping to ₹350.18 Cr for the fiscal year ended March 31, 2026.

• Profitability: Net profit (PAT) registered strong momentum, compounding from ₹4.88 Cr in FY24 to ₹8.63 Cr in FY25, and hitting ₹21.72 Cr in FY26.

• Return Metrics: Enters the market backed by solid efficiency indicators, boasting an EBITDA margin of 13.84% and a Return on Equity (ROE) of 33.85% as of March 2026.

Alpine Texworld Ltd IPO GMP

As of July 17, 2026, the Grey Market Premium (GMP) is trading softly around ₹3.

Note: Reflecting a modest premium of ~2.86% by the close of its bidding window, market tracking indicators signal a cautious tentative listing price of around ₹108 against the upper issue price cap of ₹105.

Alpine Texworld Ltd IPO Allotment Status

The allotment is scheduled to be finalized today, July 17, 2026.

Check Alpine Texworld Allotment Status

To check your status online, visit the official exchange mainboard interfaces or track updates through the assigned registrar tracking portal: Kfin Technologies IPO Status Portal

You can verify your status via:

• BSE and NSE official mainboard tracking portals

• Authorized Registrar's website (KFin Technologies Limited)

• Using your PAN number, Application ID, or DP ID/Client ID

Strengths

• Integrated Operational Model: Housing spinning, sizing, and automated weaving under one unified ecosystem reduces raw material supply volatility and optimizes baseline manufacturing margins.

• Sustainability Advantage: Large captive solar infrastructures significantly offset high industrial electricity overheads, shielding processing units from local tariff hikes.

• Strong Operational Compounding: Backed by clear top-line and bottom-line scaling over the past three fiscal cycles.

Weaknesses

• High Customer and Geographic Risk: More than 70% of absolute revenues originate from its top 10 buyers with no long-term commitment agreements, and its operations are almost entirely concentrated in Gujarat.

• Significant Debt Burden: Carries elevated leverage indicators with total outstanding borrowings tracking at ₹183.39 Cr as of March 2026, creating a high debt-to-equity ratio of 2.35x.

• Regulatory Compliance Delays: Faced past regulatory scrutiny regarding delays in obtaining required pollution authorizations (CCA) for existing manufacturing plants.

How the Company Will Use IPO Money

The fresh issue proceeds (₹126.25 Cr) will be utilized for:

• Capital Expenditure: Financing the expansion costs for building a proposed automated weaving facility (Manufacturing Unit 3) in Ahmedabad (₹32.08 Cr).

• Debt Reduction: Prepayment or repayment, in full or part, of specific high-interest outstanding bank borrowings (₹52.20 Cr).

• General Corporate Purposes: Meeting regular general corporate operational requirements, raw material sourcing buffers, and public issue administration expenses.

Lead Manager & Registrar

• Book Running Lead Manager: D and A Financial Services Private Limited

• Registrar: KFin Technologies Limited

  Phone: 040-79615565

  Email: alpine.ipo@kfintech.com