Alpine Texworld to raise ₹126 cr through IPO for capacity expansion

Alpine Texworld, a yarn and grey fabric manufacturing company, plans to raise ₹126 crore through initial public offering (IPO) on the mainboard.

The company will issue 1.20 crore equity shares in the price band of ₹100 - ₹105 a share.

The issue will open for subscription on Tuesday.

The net proceeds from the IPO will be used to set up a new weaving unit to expand production capabilities to produce Grey Fabric at Ahmedabad, repay debt and general corporate purposes.

The Book Running Lead Manager to the Issue is D and A Financial Services, while Kfin Technologies has been appointed as registrar to the Issue.

Sandeep Santkumar Agrawal, promoter, Chairman & Managing Director, Alpine Texworld, said the company has focused on strengthening integrated manufacturing capabilities across spinning and weaving, supported by automated machinery, yarn sizing services and renewable energy initiatives.

“Our operations are supported by strategically located manufacturing facilities, enabling us to undertake the manufacturing of yarn and grey fabric,” he added.

The expansion is expected to enhance grey fabric weaving capacity, improve production efficiency and strengthen the company’s ability to cater the growing customer demand, he said.

The increased manufacturing scale is also expected to enhance operational capabilities and reinforce the company’s competitive position, creating a strong foundation for sustainable long-term growth, said Agrawal.