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Rachit Prints Ltd IPO
Rachit Prints IPO is a BSE SME book-built offering set to commence on September 1, 2025, and conclude on September 3, 2025, featuring an Issue Price of ₹140–₹149 per equity share. The firm is launching its IPO with an aim of raising ₹19.1 -19.5 crore from the market via a fully fresh issuance of 13,08,000 equity shares, without any offer for sale. The minimum lot size is 1000 shares at a face value of ₹10 and at a higher price band, it will cost ₹1,49,000 for retail investors, whereas the issue will be listed on the BSE SME platform. Khambatta Securities is the sole merchant banker and Maashitla Securities is the registrar and dedicated market maker, in accordance with the subscribed and paid-up basis.
Company Background
Rachit Prints is based in Meerut, Uttar Pradesh & established in 2003, makes specialised fabrics for mattresses, which it supplies to large branded players and regional assemblers. The company has been transformed from a Partnership to a Private Limited Company and now a Public Limited Company in 2024, showing its longevity in business and planning for a public offer.
Operations & Product Range
Rachit Prints IPO is a manufacturer and exporter of Mattress Fabric and covers such as Knitted Jacquard, Woven Damask, Spacer, Print and specially designed fabric for comfort, durability & looks. The range also provides options from economy to premium mattresses, and in GSM, designs, colors, patterns and finishing to suit customer needs. The company is targeting B2B business with mattress brands and assemblers that are held responsible for quality, order turnarounds and logistics coordination in order to retain accounts.
Facility & Production
The Rachit Prints IPO has a state-of-the-art manufacturing facility located at Udyog Puram, Partapur industrial area, Meerut, Uttar Pradesh, operational at the same premises from fabric processing to printing and finishing, and also has flexible MOQs & faster changeovers. Processes include fabric preparation, rotary/screen printing, dyeing, heat-setting, cutting and stitching for covers, all enabled through QC checks at stages to minimize rejections and rework. Proximity to North India logistics routes helps dispatch to customers all over the Region on OEM Schedules with consistent lead times.
Brands & Market Presence
Rachit Prints IPO is a B2B supplier; the company’s brand recognition is built on its products’ performance and dependability for mattress OEMs, not consumer marketing. The trade receives media coverage highlighting marquee customers in the structured bedding segment, a broad footprint across major regional markets through OEM and assembler bases. Repeat orders, design refresh cycles and seasonally coordinated inventory planning can help to keep demand and the purse strings of those customers open.
Revenue Channels
- Business-to-business agreements for the sale of mattress fabrics and readymade covers to branded mattress OEMs and regional assemblers.
- Custom design and development fees are embedded in pricing for exclusive patterns or finishes for specific clients.
- Value-added processing and conversion solutions (cutting, sewing, packaging) for OEM-ready supply.
Management & Shareholding
Rachit Prints IPO is a promoter-led company with family leadership looking after strategy, operations and business development, with functional heads covering production, quality and finance. The company is raising growth capital through a 100% fresh issue, which would dilute promoter holdings while retaining operating control with the promoter group.
Promoters & Shareholding
Its promoters are the founder Anupam Kansal, Naina Kansal, and Rose Kansal and have taken the company from sole proprietorship/partnership to a corporate entity to a public company. The post-issue shareholding will reduce due to the fresh issue, but promoters are likely to still manage strategy, key customer relationships and product development.
Board Members
The board of Rachit Prints IPO includes promoter-directors and independent directors with responsibilities across audit, nomination & remuneration, and stakeholder relationship committees, aimed at aligning governance with public market norms. Executive management covers manufacturing, supply chain, sales, and finance to support timely deliveries and account servicing in OEM channels.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Rachit Prints Ltd IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Rachit Prints Ltd IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 1, 2025 to September 3, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹140 to ₹149 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,08,000 shares (aggregating up to ₹19.49 Cr) |
| Reserved for Market Maker | 66,000 shares (aggregating up to ₹0.9834 Cr) Prabhat Financial Services Ltd. |
| Net Offered to Public | 12,42,000 shares (aggregating up to ₹18.51 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 36,28,100 shares |
| Share Holding Post Issue | 49,36,100 shares |
Rachit Prints Ltd IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Sep 1, 2025 |
| IPO Close Date | Wed, Sep 3, 2025 |
| Tentative Allotment | Thu, Sep 4, 2025 |
| Initiation of Refunds | Fri, Sep 5, 2025 |
| Credit of Shares to Demat | Fri, Sep 5, 2025 |
| Tentative Listing Date | Mon, Sep 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 3, 2025 |
Rachit Prints Ltd IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,98,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,98,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,47,000 |
| S-HNI (Max) | 6 | 6,000 | ₹8,94,000 |
| B-HNI (Min) | 7 | 7,000 | ₹10,43,000 |
Rachit Prints Ltd IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 92.09% |
| Share Holding Post Issue | 67.69% |
Competitive Strength:
- ● Two-decade operating history in mattress fabrics with integrated processing from printing to finishing for OEM-ready supply.
- ● Product customization across GSM, patterns, and finishes supporting economy-to-premium mattress segments with repeat demand.
- ● Relationships in the organized mattress industry and regional assembler networks that value reliability and design refresh cycles.
- ● Location advantage in Meerut with access to logistics and skilled labor for textile processing and conversion.
Rachit Prints Ltd IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 26.09 | 41.78 | 4.56 | 12.31 | 9.23 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 19 | 37 | 2 | 5 | 6.38 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 23.27 | 32.39 | 0.32 | 3.43 | 14.79 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 51.34% |
| ROCE | 29.61% |
| Debt/Equity | 0.75 |
| RoNW | 37.06% |
| PAT Margin | 10.94% |
| EBITDA Margin | 17.33% |
| Price to Book Value | 4.24 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.57 | 9 |
| P/E (x) | 11.85 | 16 |
Objectives of Rachit Prints IPO
- Working capital to support higher inventories and receivables as order volumes scale with OEMs.
- Capital expenditure for plant and machinery upgrades to enhance throughput and product quality.
- Prepayment of certain term loans to improve the balance sheet and reduce finance costs.
- General corporate purposes for systems, marketing, and team strengthening.
Conclusion
The Rachit Prints IPO is to raise ₹19.1–19.5 crore at a price band of ₹140–₹149 and comprises a 100% fresh issue of 13,08,000 shares to grow its niche B2B mattress fabrics business. The company’s long track record, integrated capabilities, and OEM relationships support scalability, while planned working capital and capex are aimed at faster turnarounds and product breadth. For an SME textile investor, customization-led demand and process integration provide good potential to weigh against the usual SME risks of client concentration, seasonality, and liquidity in the post-listing market.
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Frequently asked Questions (FAQs )
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● How big is the issue and what type is it, Rachit Prints IPO?
₹19.1–₹19.5 crore via a 100% fresh issue of 13,08,000 shares; no OFS.
-
● What is the lot size and minimum investment?
1,000 shares per lot; minimum investment ₹1,49,000 at the upper band.
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● How are shares allocated across categories?
Market maker 66,000, QIB 26,000, NII 6,08,000, Retail 6,08,000 shares.
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● What will the Rachit Prints IPO proceeds be used for?
Working capital, plant and machinery capex, partial prepayment of term loans, and general corporate purposes.
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