Alpine Texworld IPO: ₹126 Cr for Expansion

Alpine Texworld, a company specializing in yarn and grey fabric manufacturing, announced its plan to raise ₹126 crore through an Initial Public Offering (IPO) on the mainboard. The issue comprises 1.20 crore equity shares priced between ₹100 and ₹105 per share, opening for subscription soon.

The primary objective of this fundraising is to establish a new weaving unit in Ahmedabad, aimed at expanding production capabilities for grey fabric. This expansion is expected to enhance operational efficiency and meet growing customer demand.

Beyond production expansion, the net proceeds will also be used for repaying existing debt and for general corporate purposes. The company's strategy focuses on strengthening integrated manufacturing across spinning and weaving, supported by automated machinery and renewable energy initiatives.

Sandeep Santkumar Agrawal, promoter and Chairman & Managing Director, highlighted the company's strategically located facilities and its commitment to sustainable long-term growth. The increased manufacturing scale is anticipated to reinforce Alpine Texworld's competitive position in the market.