Alpine Texworld Limited has successfully launched an initial public offering (IPO) of equity shares, amassing a total of ₹126 crore. The legal advisory for this significant financial move was provided by Rajani Associates. In addition to advising Alpine Texworld, the firm also guided the book running lead manager, D and A Financial Services Private Limited, throughout the IPO process.
Comprehensive Legal Assistance
Rajani Associates played a crucial role in ensuring the IPO’s success. Their responsibilities included conducting comprehensive legal and secretarial due diligence, meticulously drafting, reviewing, and finalizing the Draft Red Herring Prospectus (DRHP), Red Herring Prospectus (RHP), and the final Prospectus. Furthermore, they prepared and finalized responses to inquiries from regulatory bodies such as the Securities and Exchange Board of India (SEBI), the National Stock Exchange (NSE), and the Bombay Stock Exchange (BSE).
The firm also provided invaluable assistance to Alpine Texworld and the book running lead manager by preparing and finalizing all necessary agreements and ancillary documents related to the IPO. The legal team was led by Senior Partner Sangeeta Lakhi, and comprised Partner Amish Shroff, Principal Associate Karen Issac, Senior Associate Ruchi Sethna, and Associates Shubh Poddar and Shriya Nandedkar. Additional support was provided by Associate Addvit Shrivastava.
About Alpine Texworld
Founded in 2016, Alpine Texworld Limited is a prominent textile manufacturing company based in Ahmedabad. The company specializes in the integrated production of yarn and grey fabric, operating as a vertically integrated textile entity. Renowned for delivering high-quality and durable fabrics, Alpine Texworld serves a variety of industries with its comprehensive production capabilities.
Utilization of IPO Proceeds
The funds raised from the IPO will be strategically allocated to enhance the company’s operational capabilities. Specifically, Alpine Texworld plans to establish a new weaving unit to expand its grey fabric production. Additionally, a portion of the funds will be used for the repayment or prepayment of certain outstanding debts and for general corporate purposes.
More Read
For those interested in having their deals and press releases featured on platforms like Bar & Bench, there is an option to submit requests through the available form.
