The initial public offer (IPO) of Rachit Prints received bids for 6,45,000 shares as against 13,08,000 shares on offer, as per BSE data as of 17:00 hours on Monday (01 September 2025). The issue was subscribed 0.49 times.
The issue opened for bidding on Monday (01 September 2025) and it will close on Wednesday (03 September 2025). The price band of the IPO is fixed between Rs 140 to Rs 149 per share. The minimum order quantity is 1,000 equity shares. The equity shares will list on BSE’s SME platform.
The IPO comprises fresh issue of 13,08,000 equity shares. The promoter and promoter group shareholding will dilute to 67.69% from 92.09% pre-issue.
About 66,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 12,42,000 equity shares.
The company intends to utilize the net proceeds to meet its working capital requirements, fund its expansion plans—including capital expenditure for the purchase of plant and machinery, partially prepay term loans to banks and for general corporate purposes.
Rachit Prints is engaged in the manufacturing of specialty fabrics tailored for mattresses, including knitted fabric, printed fabric, warp knit, pillow fabric, binding tape, and the trading of comforters and bedsheets. Its production process begins with yarn procurement and encompasses in-house weaving, designing, printing, and finishing, resulting in knitted and printed fabrics crafted to meet clients' customized specifications. Specializing in knitted fabrics, printed fabrics, and warp knit, the company sources yarn and chemicals to produce specialized textiles. The company is specialised in converting yarn into fabric through knitting of fabrics and printing. As of 30 June 2025, the company had total 96 employees.
The company recorded revenue from operations of Rs 41.70 crore and net profit of Rs 4.56 crore for the period ended 31 March 2025.