The first public offer (IPO) will be closed on 3 September and the shares of the company will be mentioned on the SME platform of BSE, the company said in a statement.
The public edition is entirely a new issue of a maximum of 13.08 Lakh shares shares with a nominal value of RS 10 each. The company wants to increase RS 19.5 Crore at the top price band.
The proceeds from the new issue to the melody of RS 9.5 Crore will be used for the requirements of the working capital, RS 4.4 Crore for the purchase of factory and machines and RS 1.32 CRORE for reimbursement of debts and the balance for general business purposes.
The company, founded in 2003 by Anupam Kansal, produces a series of fabrics used in the mattress industry, including knitted and printed fabrics, chain knits, cushion fabric and blinding tape.
It also acts in comforters and sheets. The company works on a B2B model and supplies products to leading brands such as Sleepwell, Kurlon Enterprises LTD and Prime Comfort Products. Rachit Prints also benefits from the changed technology -upgrade fund schedule of the Ministry of Textile, which offers capital investment subsidies to textile companies. Rachit Prints reported income from the activities of RS 41.70 Crore and a profit after tax on RS 4.56 Crore in FY25, compared to the turnover of RS 37.08 Crore and a profit from RS 2.03 Crore in the previous tax. Khambatta Securities is the only lead manager of the book, while Maashitla Securities is the registrar for the IPO.
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