Rachit Prints IPO to Open on September 1, 2025, Price Band at ₹140-149 Per Share

Rachit Prints Limited, a speciality fabric manufacturer for the mattress industry, announced that its initial public offering (IPO) will open for subscription on Monday, September 01, 2025 and conclude on Wednesday, September 03, 2025. The company intends to raise ₹19.5 crore from the offering and aims to be listed on the BSE SME platform. The price band for the issue has been fixed at ₹140 - ₹149 per share, and the lot size will be 1,000 equity shares.

Khambatta Securities Limited is the sole Book Running Lead Manager to the Issue, and Maashitla Securities Private Limited is the Registrar.

The IPO will comprise a fresh issue of 13,08,000 Lakh Equity Shares with a face value of ₹10/- through the book-building route. As many as 66,000 equity shares have been reserved for the market maker, 26,000 equity shares allocated for the QIB portion, 6,08,000 equity shares for HNIs, and the Retail (RII) portion accounts for 6,08,000 equity shares.

According to the RHP, Rachit Prints Limited intends to utilise ₹9.5 crore of the total proceeds towards working capital requirements, ₹4.4 crore to fund its capital expenditure towards purchase of plant and machinery, ₹1.32 crore for the prepayment of term loans to bank, and the company plans to use remaining capital for general corporate purposes.

The Meerut-headquartered company manufactures speciality fabrics tailored for mattresses, such as knitted fabric, printed fabric, warp knit, pillow fabric, blinding tape and is also engaged in trading of comforters and bedsheets. Specialised in knitted fabrics, printed fabrics, and warp knit, the company sources yarn and chemicals to produce specialized textiles. RPL is specialized in converting yarn into fabric through knitting of fabrics and printing. The company operates a manufacturing facility at Meerut, Uttar Pradesh, which is well equipped with Indian, German, Turkish, and Chinese machinery.

RPL follows a business to business (B2B) model for its products. The company manufactures products for leading brands like Sleepwell, Kurlon Enterprises Limited, and Prime Comfort Products Private Limited. The company sells its products in India, including Assam, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal.

Founded by Mr. Anupam Kansal in 2003, the company is focused on producing quality products to increase customer satisfaction and develop a positive brand image in the industry. With over three decades of experience in the textiles industry, Mr Kansal is actively involved in strategic decision-making for the company, corporate and administrative affairs, financial operations, expansion activities, and business development. The company is located in the state of Uttar Pradesh and enjoys the benefits of subsidies under the “Amended Technology Upgradation Fund Scheme” (ATUFS) provided by the Ministry of Textiles, Government of India, towards capital investment subsidy.

RPL has recorded ₹41.70 crore in revenue from operations with a profit (PAT) of ₹4.56 crore in the financial year 2025, compared to ₹37.08 crore in revenue from operations and a profit of ₹2.03 crore in FY24.