Rachit Prints Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Rachit Prints Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹149
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,49,000
Issue Size
₹19.49 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
48.95%
QIB Quota
2.1%
NII Quota
48.95%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Rachit Prints Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
92.09%
Promoter Holding (Post-Issue)
67.69%
Issue Type
Book Building - SME
ISIN
INE0ZN101029
About the Company
Our Company is engaged in the manufacturing of Speciality fabric tailored for mattresses such as knitted fabric, printed fabric, warp knit, pillow fabric, Binding Tape and trading of the comforters and bedsheets. Our production process begins with yarn procurement and encompasses inhouse weaving, designing, printing, and finishing, resulting in knitted and printed fabrics crafted to meet our clients' customized specifications. Specializing in knitted Fabrics, printed Fabrics, and warp knit, we source yarn and chemicals to produce specialized textiles. Our Company is specialised in converting yarn into fabric through knitting of fabrics and printing.
Industry Overview
Established in 2003, Rachit Prints Limited, formerly known as Rachit Prints Private Limited, operates as the manufacturer of speciality fabrics for the mattress industry. Rachit Prints specialises in the production of fabric for the mattress industry the key products are Knitted fabric, printed fabric, warp knit, comforters, Binding Tape, Flame resistant fabric.
Company History
Our Company was originally incorporated as "Rachit Prints Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated March 31, 2003, issued by the Registrar of Companies, Kanpur. Prior to incorporation of our Company, the promoters were engaged in the business of printing and manufacturing clothes under the name Rachit Prints, a partnership firm. During the year 2003, our Promoters incorporated Rachit Prints Private Limited and had taken over the business of the Partnership Firm. Subsequently, our Company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting held on May 21, 2024 and the name of our Company was changed to "Rachit Prints Limited". A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company was issued by the Registrar of Companies, Kanpur on July 29, 2024. The Corporate Identification Number of our Company is U22190UP2003PLC027364.
Products & Services
- The Company is engaged in the manufacturing of Speciality fabric tailored for mattresses such as knitted fabric, printed fabric, warp knit, pillow fabric, Binding Tape and trading of the comforters and bedsheets.
Growth Strategy
- Expansion and upgradation of our manufacturing facility.
- Enhancing our Goodwill.
- Improving Functional Efficiency.
- Expansion of our footprints in domestic market.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 13,08,000equity shares of face value of Rs.10/- each ( the "equity shares") of rachit prints limited ("our company"or"rpl"or"the issuer") for cash at a price of Rs. 149 per equity share (the "Issue Price") aggregating to Rs. 19.49 crores will upto 66,000 equity shares of face value of Rs.10/-each for cash at a prie of Rs.149 per equity shares including a share premium of Rs.139 per equity share aggregating to Rs. .98 crores will be reserved for subscription by market maker to the issue ( the "market maker reservation portion"). the issue less the market maker reservation portion i.e., net issue of upto 12,42,000 equity shares of face value of Rs.10/- each at a price of Rs. 149 per equity share including a share premium of Rs. 139 per equity share aggregating to Rs. 18.51 crores is herein after referred to as the "net issue". the issue and the net issue will constitute 26.50% and 25.16% respectively the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Geographical presence in 15 States and 1 Union Territory.
- Ability to provide products as per the customer satisfaction.
- Ability to scout for new opportunities and capitalising the same.
- Consistent track record of growth and financial performance.
- Ability to serve large and reputed customers.
- Our Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect our revenues and profitability.
- We have long-term agreements with two of our top 10 customers only, the loss of one or more of them or a reduction in their demand for our products could adversely affect our business, results of operations, financial condition and cash flows.
- Our Company is dependent on few suppliers for purchase of raw material. Loss of any of these large suppliers may affect our business operations.
- We have experienced negative cash flows in relation to our operating activities, investing activities and financing activities for the Financial Year 2022 - 23, 2023 - 24 and 2024 - 25. Any negative cash flows in the future would adversely affect our results of operations and financial condition.
- Our Company has experienced multiple instances of minor delays in filing of returns required under the CGST Act, 2017, the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 and Employee State Insurance.