Rachit Prints shares made a weak stock market debut on the BSE on September 8 to list at 20 percent discount. The Rs 19.49-crore IPO, which was open for subscription between September 1 and 3, was subscribed nearly 2 times.
Shares of Rachit Prints were listed at Rs 119.20 per share on the SME platform of the BSE, a discount of of 20 percent over it's issue price. The price band was fixed at Rs 140 - 149 per share. The company's total market capitalization post listing of shares stood at Rs 58.85 crore.
Uttar Pradesh-based Rachit Prints manufactures fabric for mattresses such as knitted fabric, printed fabric, and warp knit.
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.
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