Knitted and printed fabric maker Rachit Prints taps capital markets, IPO to open next week

Rachit Prints IPO

Uttar Pradesh-based knitted and printed fabric maker Rachit Prints is set to hit Dalal Street with its initial public offering next week on September 1. The offer will remain open till September 3.

The IPO share allotment will be finalised by September 4, while the trading in Rachit Prints shares will commence on the BSE SME platform effective September 8.

The company, which manufactures fabric for mattresses such as knitted fabric, printed fabric, and warp knit, plans to mobilise Rs 19.49 crore via maiden public issue of 13.08 lakh shares. The IPO comprises of entirely fresh issue component.

The price band for the book-building issue has been fixed at Rs 140-149 per share.

The IPO funds will be utilised mainly for working capital requirement, purchase of plant and machinery, and repayment of debt. The remainder money will be used for general corporate purposes.

Rachit Prints that makes products for brands like Sleepwell, Kurlon Enterprise and Prime Comfort has reported net profit at Rs 4.6 crore for the fiscal year 2025, growing 125 percent from Rs 2 crore in the previous year. Revenue during the same period increased 12.5 percent to Rs 41.7 crore, up from Rs 37.1 crore.

Khambatta Securities is acting as the merchant banker for the Rachit Prints IPO.