Rachit Prints IPO aims to raise INR 19.50-crore
Rachit Prints (RPL), a Meerut-based manufacturer specialising in high-quality fabrics for the mattress industry, is set to make its debut on the stock market. The company has announced that it has received in-principle approval from the BSE SME Exchange for its Initial Public Offering (IPO). With plans to raise INR 19.50-crore, RPL aims to fuel its growth and expansion in a competitive market.
20 Jun 2025 | By PrintWeek Team
Meerut-based Rachit moves to the final stages of its IPO
Founded in 2003 by Anupam Kansal, a veteran with over three decades of experience in the textile industry, Rachit Prints has carved a niche for itself by supplying specialised knitted and printed fabrics. RPL's manufacturing facility in Meerut, equipped with advanced machinery from around the globe, produces a range of products from basic knitted fabric to intricate warp knits and blinding tapes.
"This IPO is a significant step forward for us," said Kansal. He added, "It will allow us to scale our operations, invest in better technology, and meet the growing demand for our products." The planned utilisation of the funds reflects a strategic approach: a substantial portion will bolster working capital, ensuring smooth operations, while investments in plant and machinery aim to enhance production capabilities. Prepayment of term loans will also strengthen the company's financial position.
Rachit Prints has built relationships with industry players like Sheela Foam Limited (Sleepwell) and Kurlon Enterprise. Recently, RPL secured an MoU with Kurlon for 19 lakh metres of fabric, further solidifying their position in the market. Their B2B model focuses on providing high-performance textiles to the mattress industry, ensuring quality and consistency.
Financially, RPL has shown promising growth. In the first quarter of FY25, the company reported INR 9.8 crore in revenue with a Profit After Tax (PAT) of INR 1.03 crore. The full FY24 figures stood at INR 37.08 crore in revenue and a PAT of INR 2.03 crore. These numbers paint a picture of a company on the rise, ready to capitalise on the opportunities ahead.
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