Rachit Prints

Rachit Prints Ltd., a textile company specializing in fabric printing and processing, has announced the launch of its initial public offering (IPO), with the price band set between Rs. 52 and Rs. 56 per share. The offering is slated to open on August 28 and close on August 30, giving retail and institutional investors an opportunity to participate in the company’s growth trajectory. Proceeds from the issue are expected to be directed toward working capital requirements, debt repayment, and business expansion.

IPO Structure and Pricing

Rachit Prints, a specialty fabric manufacturer based in Meerut, has secured in-principle approval from the BSE SME platform to launch an initial public offering (IPO) worth approximately Rs. 19.5 crore. The offering, comprising a fresh issue of 13.08 lakh equity shares, will be conducted via the book-building route. Proceeds from the issue will primarily fund working capital, business expansion, loan prepayment, and general corporate needs. Founded in 2003, the company operates a B2B model serving leading mattress brands like Sleepwell and Kurlon.