Rachit Prints Limited, a fabric manufacturer catering primarily to the mattress industry, has announced the price range for its upcoming initial public offering (IPO) at ₹140 to ₹149 per share. The public issue will open for subscription on Monday, September 1, 2025, and close on Wednesday, September 3, 2025.
The company plans to raise ₹19.5 crore through the issue and aims for a listing on the BSE SME platform. Investors can bid for a minimum of 1,000 equity shares per lot. Khambatta Securities Limited is managing the issue as the sole Book Running Lead Manager, while Maashitla Securities Private Limited is serving as the Registrar.
The offering includes a fresh issue of 13,08,000 equity shares of face value ₹10 each, offered via the book-building process. Of these, 66,000 shares are reserved for the market maker, 26,000 for Qualified Institutional Buyers (QIBs), 6,08,000 for High Net-worth Individuals (HNIs), and another 6,08,000 for retail investors.
As outlined in the Red Herring Prospectus (RHP), Rachit Prints will allocate ₹9.5 crore of the IPO proceeds to meet working capital needs. Additionally, ₹4.4 crore will go toward the purchase of plant and machinery, ₹1.32 crore will be used for partial repayment of existing term loans, and the balance will support general corporate activities.
Headquartered in Meerut, Uttar Pradesh, Rachit Prints manufactures specialized fabrics for mattresses, including knitted and printed fabrics, warp knit materials, pillow fabrics, and blinding tapes. The company also trades in comforters and bedsheets. It sources yarn and chemicals to create finished textiles and operates a production facility equipped with modern machinery sourced from India, Germany, Turkey, and China.
The company follows a B2B model, supplying materials to well-known mattress brands such as Sleepwell, Kurlon Enterprises Limited, and Prime Comfort Products Private Limited. Rachit Prints’ customer base spans several Indian states, including Assam, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal.
Founded in 2003 by Anupam Kansal, the company is focused on delivering quality and building a strong brand reputation. With over 30 years of experience in the textile sector, Mr Kansal plays an active role in steering the company’s strategy, operations, and expansion.
The company benefits from government support under the Amended Technology Upgradation Fund Scheme (ATUFS), which provides capital investment subsidies for eligible textile units. In FY25, Rachit Prints reported a revenue of ₹41.70 crore and a net profit of ₹4.56 crore, up from ₹37.08 crore in revenue and ₹2.03 crore profit in FY24.
