Meerut -based Specialty Fabric Manufacturer Rachit Print Limited announced on Monday that it has fixed a price band of ₹ 140 to ₹ 149 per share for its initial public offering i.e. IPO. The subscription window for this issue of ₹ 19.5 crore will be open from 1 September to 3 September 2025. According to PTI news, the company said in its statement that its shares will be listed on BSE’s SME platform.
Major information related to IPO
This IPO is a completely fresh issue, which will include 13.08 lakh equity shares. The face value of the share is ₹ 10. The company aims to raise ₹ 19.5 crore on the high price band (₹ 149). Out of the prints funds composed, ₹ 9.5 crore will be required for working capital, ₹ 4.4 crore, for the purchase of plant and machinery, ₹ 1.32 crore for partial repayment and the remaining amount for general corporate purposes.
Know the company
Rachit Prints Limited was done in the year 2003 by Anupam Kansal. The company’s leading products include various fabrics used in the matrious industry such as chnated and printed fabrics, warp nit, pillo fabric, and blinding tapes. The company’s business model is based on the B2B model. The company’s customer brands include Sleepwell, Kurlon Enterprises Ltd, Prime Comfort Products etc. The company also benefits from the amended technology upgradation fund scheme of the Ministry of Textiles, under which textiles companies get capital subsidy.
How is financial performance
Prints Limited Operating Revenue is ₹ 41.70 crore, while the company’s net profit was ₹ 4.56 crore (Revenue ₹ 37.08 crore was in FY24 and Net Profit ₹ 2.03 crore). Khambatta Securities have been appointed as the book running lead manager for this IPO, while Maashitla Securities are as Registrar.
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