Rachit Prints IPO Subscription Status – Day 1 Update
Rachit Prints IPO opened on September 1, 2025, and received a subscription of 0.52x on Day 1 (till 5:00 PM).
- Qualified Institutional Buyers (QIBs): 0.00x (no bids yet)
- Non-Institutional Investors (NII): 0.63x
- Retail Individual Investors (RII): 0.43x
The IPO received bids for 6,45,000 equity shares against a total issue size of 12,42,000 shares on the first day. Retail demand was moderate, while institutional participation is still awaited.
About Rachit Prints Limited
- Incorporated: 2003
- Business: A leading specialty fabrics manufacturer for the mattress industry.
- Products: Knitted fabric, printed fabric, warp knit, pillow fabric, binding tape, and also trading in comforters & bedsheets.
- Process: End-to-end operations including weaving, designing, printing, and finishing, ensuring client-specific customization.
- Raw Materials: Cotton yarn, viscose, spun, filament, and dyed yarn, primarily sourced from Delhi and Haryana.
- Clients: Trusted supplier for brands like Sleepwell, Kurlon Enterprises, and Prime Comfort Products.
- Workforce: 52 employees as of November 28, 2024.
With over two decades of experience, the company has positioned itself as a key player in the Indian mattress fabric industry.
Rachit Prints Financial Performance (₹ in Crores)
- Revenue grew 12.6% YoY from FY24 to FY25.
- Net profit more than doubled (+124%), reflecting stronger operational efficiency.
- Net margins expanded from 5.47% → 10.91%, signaling improved cost management.
- Net worth increased by nearly 28% YoY, strengthening financial stability.
Rachit Prints IPO GMP
As of Monday, September 1, 2025, the Grey Market Premium (GMP) stood at ₹21. This suggests that shares are trading at ₹170 (₹149 issue price + ₹21 premium) in the grey market.
- Expected Listing Gain: ~14.1% based on current GMP trends.
Key Insights
- Moderate subscription (0.52x) on Day 1, with QIB demand yet to kick in.
- Strong profit growth (+124%) and margin expansion highlights improving fundamentals.
- Presence of well-known clients like Sleepwell and Kurlon ensures credibility in the mattress fabrics segment.
- GMP indicates positive sentiment with potential for double-digit listing gains if subscription improves in the final days.
