BSE SME IPO of Rachit Prints ends with 1.92 times subscription

The initial public offer (IPO) of Rachit Prints received bids for 25,16,000 shares as against 13,08,000 shares on offer. The issue was subscribed 1.92 times. Individual investors (IND category bidding for 2 lots) placed bids for 16,66,000 shares, while non-institutional investors (NIIs) bid for 8,24,000 shares and qualified institutional buyers (QIBs) bid for 26,000 shares. The issue opened for bidding on 01 September 2025 and it closed on 03 September 2025. The price band of the IPO is fixed between Rs 140 to Rs 149 per share. The equity shares will list on BSE’s SME platform. The IPO comprised a fresh issue of 13,08,000 equity shares. The promoter and promoter group shareholding diluted to 67.69% from 92.09% pre-issue. The net issue comprises of 12,42,000 equity shares. The company intends to utilize the net proceeds to meet its working capital requirements, fund its expansion plans—including capital expenditure for the purchase of plant and machinery, partially prepay term loans to banks and for general corporate purposes. Rachit Prints is engaged in the manufacturing of specialty fabrics tailored for mattresses, including knitted fabric, printed fabric, warp knit, pillow fabric, and binding tape, and the trading of comforters and bedsheets. Its production process begins with yarn procurement and encompasses in-house weaving, designing, printing, and finishing, resulting in knitted and printed fabrics crafted to meet clients' customized specifications. Specializing in knitted fabrics, printed fabrics, and warp knit, the company sources yarn and chemicals to produce specialized textiles. The company is specialized in converting yarn into fabric through knitting of fabrics and printing. As of 30 June 2025, the company had a total of 96 employees. The company recorded revenue from operations of Rs 41.70 crore and a net profit of Rs 4.56 crore for the period ended 31 March 2025.