Rachit Prints Ltd IPO
Open Demat Account
Rachit Prints Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 13.08 L | TBA | ₹ 6.08 L | ₹ 33.41 L | BSE | ₹ 19.49 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 01 Sep, 25 | 03 Sep, 25 | 2000 | ₹ 2,80,000 | Book Building - SME | 08 Sep, 25 |
Rachit Prints Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Textiles - Processing |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 1x | 26000 | 26000 |
| NII | 1.36x | 608000 | 824000 |
| Retail | 2.74x | 608000 | 1666000 |
| Employee | 0x | 0 | 0 |
| Total | 1.92x | 1308000 | 2516000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Rachit Prints Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 6.94 | 3.70 | 1.20 |
| EBITDA | 7.79 | 4.66 | 2.04 |
| PAT | 4.56 | 2.03 | 0.32 |
| Total Assets | 16.25 | 13.22 | 16.86 |
| Share Capital | 3.63 | 1.91 | 1.91 |
| Total Borrowings | 12.05 | 6.90 | 16.28 |
| Operating Activities (Net Cash) | 5.41 | 2.99 | 1.16 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | -0.16 |
| Financing Activities (Net Cash) | 12.05 | 6.90 | 16.28 |
| Net Cashflow | 0.42 | 0.04 | 0.20 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Rachit Prints Ltd
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.
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.
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.
Peer Comparison:
- No listted Industry Peers
Rachit Prints Ltd IPO Key Points
Strengths
- 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.
Risk
- 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.
Strategy
- Expansion and upgradation of our manufacturing facility.
- Enhancing our Goodwill.
- Improving Functional Efficiency.
- Expansion of our footprints in domestic market.
- 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.
How To Apply for Rachit Prints Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
