Alpine Texworld Limited has fixed the price band for its initial public offering at ₹100 to ₹105 per equity share, with a face value of ₹10.
The issue will open for subscription on July 14 and remain open until July 16, according to market reports.
The company intends to use the proceeds to finance capital expenditure, specifically investments in a new weaving unit, as well as for general corporate purposes including debt repayment.
This capital raise is designed to strengthen the firm's financial stability and support operational expansion.
The offering arrives as Indian SME IPO activity continues to draw investor attention.
Recent listings in the segment, such as Twinkle Papers Ltd and Atharva Polyplast, have seen varying levels of grey market interest, highlighting the ongoing appetite for smaller-cap equity opportunities in the region.