Alpine Texworld Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, to the stock exchanges. The report details the utilization of proceeds from its Initial Public Offer (IPO) of Rs.126.25 crore. The company has confirmed that all proceeds have been utilized as per the disclosures in the offer document, with no material deviations noted in the expenditure for the disclosed objects of the issue.
Alpine Texworld Limited Submits IPO Proceeds Utilization Report
Alpine Texworld Limited has officially submitted its Monitoring Agency Report for the quarter ending September 30, 2026, to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). This report, prepared by CARE Ratings Limited, addresses the utilization of funds raised through the company’s Initial Public Offer (IPO).
Key Highlights of the Report
The total issue size amounted to Rs.126.25 crore. According to the report, all the issue proceeds have been utilized in line with the disclosures made in the offer document. Specifically:
- Manufacturing Unit Expansion: Rs. 28.39 crore was utilized for financing the cost of setting up a new weaving unit and expanding production capabilities. The unutilized amount for this object is Rs.2.32 crore.
- Debt Repayment: Rs. 52.20 crore was utilized for the prepayment or repayment of certain outstanding borrowings.
- General Corporate Purposes (GCP): Rs. 30.39 crore was utilized under GCP, which included Rs. 27.88 crore for the repayment of unsecured inter-corporate borrowings and loans from related parties, and Rs. 2.50 crore for investment in a subsidiary.
- Issue Related Expenses: Rs. 12.09 crore was utilized towards issue related expenses, with an unutilized amount of Rs.0.86 crore.
No Material Deviations Noted
The report indicates that there have been no material deviations from the expenditures disclosed in the offer document, and the means of finance for the disclosed objects have not changed. This is the first monitoring agency report for the issue. All necessary Government and statutory approvals related to the objects have been obtained.
The company’s current share price, as of November 11, 2026, was reported at Rs. 42.45, a significant decrease from its issue price of Rs. 105 per share on July 21, 2026.
Source: BSE
