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₹149 - 149
Rachit Prints Ltd
TextilesIPOSME
₹149 - 149
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.
Lot1,000Min Invest₹2,98,000Face Value₹10Issue Size₹19 CrFresh Issue₹19 CrListing Price₹119CMP₹182
Timeline
1 Sept
Bidding opens
3 Sept
Bidding closes
4 Sept
Allotment
5 Sept
Refund & demat credit
8 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹19 Cr0.13 Cr shares
Fresh Issue₹19 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 2.1% · NII 48.95% · RETAIL 48.95%
Application Sizes
Retail₹2,98,0001-1 lots
sNII₹2,98,000from 2 lots
bNII₹10,43,000from 7 lots
Managers & Registrar
Lead ManagerKhambatta Securities Ltd
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group92.09%67.69%Public7.91%32.31%
Objects of the Issue
- Working capital requirements including margin money
- To fund the expansion plan of the company i.e. capital expenditure towards purchase of plant and machinery
- Partial pre-payment of term loans to bank
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 29 | 32 | 37 | 42 | 53 |
| Operating ProfitCr | 1 | 2 | 4 | 7 | 9 |
| OPM% | 4.6 | 6.2 | 11.5 | 17.3 | 16.0 |
| PBTCr | 0 | 0 | 3 | 6 | 6 |
| PATCr | 0 | 0 | 2 | 5 | 5 |
| EPS | 1 | 1 | 6 | 13 | 10 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 2 | 2 | 2 | 4 | 5 |
| ReservesCr | 1 | 2 | 4 | 9 | 30 |
| BorrowingsCr | 12 | 15 | 6 | 9 | 11 |
| Total AssetsCr | 22 | 23 | 19 | 26 | 52 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 1 | -1 | 9 | 0 | -4 |
| Investing Cash FlowCr | -2 | -2 | 0 | -5 | -15 |
| Financing Cash FlowCr | 2 | 2 | -9 | 5 | 19 |
| Net Cash FlowCr | 0 | -1 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- 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.
Strategies · as stated in the DRHP
- Expansion and upgradation of our manufacturing facility.
- Enhancing our Goodwill.
- Improving Functional Efficiency.
- Expansion of our footprints in domestic market.
Risks · as stated in the DRHP
- 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.
- We have experienced negative cash flows in relation to our operating activities, investing activities and financing activities for the Financial Year 2022 - 23, 2023 - 24 and 2024 - 25. Any negative cash flows in the future would adversely affect our results of operations and financial condition.
- Our Company has experienced multiple instances of minor delays in filing of returns required under the CGST Act, 2017, the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 and Employee State Insurance.
- Our Company was incorporated in the year 2003 and some of our corporate records including forms filed with the Registrar of Companies are not traceable. Certain forms we cannot assure you that these forms filings will be available in the future or that we will not be subject to any penalties imposed by the relevant regulatory authority in this respect which may impact our financial condition and reputation.