Mumbai, August 25: Alpine Texworld’s shares have dropped nearly 47% in their first month of trading and continue to face significant pressure.
The company’s shares debuted flat on July 21 at the initial public offering (IPO) price of ₹105. On the very first day of trading, a 5% lower circuit was triggered. Following this, the shares experienced seven consecutive lower circuits of 5% each, leading to a price decline to approximately ₹69 after just eight trading sessions.
In August, the downward trend persisted, with shares falling below ₹60. In the trading session on Tuesday, the stock closed at ₹55.84 on the National Stock Exchange (NSE), representing a 2.60% decrease and a staggering 46.81% drop from both the issue and listing price of ₹105.
Alpine Texworld’s mainboard IPO was open to investors from July 14 to 16, 2026, with a price band set between ₹100 and ₹105 per share. The total size of the IPO was ₹126.25 crore, consisting entirely of a fresh issue.
On August 14, the company announced its financial results for the first quarter of fiscal year 27 (April-June), reporting total income of ₹90.32 crore and a post-tax profit of ₹4.37 crore. The total expenses during this period amounted to ₹84.23 crore.
For the entire fiscal year 26, the company recorded total income of ₹350.18 crore, with EBITDA at ₹47.45 crore and a post-tax profit of ₹21.72 crore.
Founded in February 2016, Alpine Texworld operates in the textile dyeing and processing industry, focusing on producing high-quality textiles.
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