Rachit Prints IPO Subscribed 0.84x on Day 2; Retail Portion Fully Subscribed at 1.02x, NII Bids 0.71x

Authored By Shishta Dutta | Published at: Sep 2, 2025 05:16 PM IST

Open Free Demat Account

Meerut, September 2, 2025: The Rachit Prints IPO continued to attract robust investor interest on its second day, closing with an overall subscription of 0.84x. Retail investors fully subscribed their portion at 1.02x, while non-institutional investors, including high-net-worth individuals, contributed 0.71x. Qualified institutional buyers have yet to participate in the bidding

Rachit Prints Limited, founded in 2003 and based in Meerut, manufactures specialty fabrics such as knitted and printed textiles, warp knits, pillow fabrics, and comforters. The company reported a strong turnaround in FY25 with revenue of ₹4,170.32 lakh and PAT of ₹456.18 lakh, delivering a PAT margin of 10.94% and ROE of 51.34%.

Day 2 Demand Snapshot

Category	Shares Offered	Applications Received	Shares Bid For	Subscription (x)
Qualified Institutional Buyers (QIBs)	26,000	–	–	0.00
Non-Institutional Investors (NII)	6,08,000	27	4,31,000	0.71
• HNIs (>₹10 lakh)	3,39,000	11	3,94,000	1.16
• Others (≤₹10 lakh)	2,03,000	12	37,000	0.18
Retail Individual Investors	6,08,000	309	6,18,000	1.02
Employees/Other categories	–	–	–	–
Total	12,42,000	336	10,49,000	0.84

Price-Wise Bidding (BSE Data)

Bid Price (₹)	Quantity
140.00	11,15,000
141.00	6,81,000
142.00	6,81,000
144.00	6,81,000
145.00	6,79,000
146.00	6,79,000
147.00	6,79,000
148.00	6,77,000
149.00	6,69,000

Price Band Of ₹140 – ₹149 With Lot Size Of 1,000 Shares

Rachit Prints IPO’s issue size is 13.08 lakh shares, with the company planning to raise ₹19 crore. The price band has been set between ₹140 – ₹149 shares with the lot size of 1,000 shares. However, investors need to apply for a minimum of 2 lots, each consisting of 2,000 shares. The IPO opened yesterday on September 1, and will close tomorrow on September 3. The shares are expected to list on the BSE SME on September 5, 2025. The lead manager for the issue is Khambatta Securities Ltd and the registrar is Maashitla Securities Pvt Ltd.

With the Rachit Prints IPO subscribed 0.84x overall on Day 2, retail investors fully subscribed their portion at 1.02x, while non-institutional investors contributed 0.71x. Qualified institutional buyers have not yet participated. The strong retail response reflects confidence in the company’s specialty fabrics business, setting the stage for its upcoming BSE SME listing on September 5, 2025.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations

IPO