Alpine Texworld has outlined the strategic use of proceeds for its upcoming initial public offering, targeting a capital raise of ₹126 crore.
The company plans to deploy the funds primarily toward establishing a new weaving unit in Ahmedabad, aimed at expanding its production capabilities for grey fabric.
Additional capital will be allocated to debt repayment and general corporate purposes, signaling a focus on both operational scaling and balance sheet optimization.
The IPO follows the company's recent decision to fix the price band at ₹100 to ₹105 per equity share, with a face value of ₹10.
The issue is scheduled to open for subscription on July 14 and will remain open until July 16.
This timeline positions Alpine Texworld as part of a broader wave of primary market activity in India, where three new IPOs are expected to generate nearly ₹11,980 crore in the coming week.