Rachit Prints IPO Subscribed 0.84x on Day 2; Retail Portion Fully Subscribed at 1.02x, NII Bids 0.71x
By Shishta Dutta | Published at: Sep 2, 2025 05:16 PM IST
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.
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