limewater only increases alkalinity but not calcium ?
No, that is not the point. It boosts both proportionally. If you added nothing at all, alkalinity would drop and calcium wouldn't appreciably drop. That is because there is a huge reservoir of calcium in seawater.
Start at NSW levels of 420 ppm calcium and 2.5 meq/L (7 dKH) of alkalinity. Let corals use calcium and alkalinity down to 1.8 meq/L (5 dKH; they can rarely drop it lower before they no longer can take it up). The calcium drop is only to 406 ppm.
So when alkalinity is low and calcium is OK, that is what you find when you underdose BOTH calcium and alkalinity.
Likewise, if you use limewater to boost the alkalinity from 5 to 7 dKH, calcium will only rise by 14 ppm.
Also are there any limewater products ?
Not sure what you mean. Mrs. Wages Pickling Lime is a commercial brand in the US. I'm not sure what you may have locally. There are hobby brands as well.