Rachit Prints to float IPO, aims Rs 100 crore revenue by FY27

Specialty fabric manufacturer, Rachit Prints, which plans to achieve Rs 100 crore in revenues by the financial year 2027, on Tuesday said it is gearing up to launch an initial public offering (IPO) to fund its expansion and enhance its manufacturing capabilities. The company has appointed Khambatta Securities as the book-running lead manager for the IPO offering.

The Meerut-headquartered company specializes in producing high-quality fabrics such as knitted and printed textiles, warp knits, pillow fabrics, and blinding tapes. It has established key partnerships with major mattress brands, including Sheela Foam (Sleepwell) and Kurlon Enterprises. Earlier this year, the company signed agreements to supply over 19 lakh meters of fabric to these companies.

Rachit Prints’ investments in advanced knitting technology and strategic partnerships, positions the company to meet growing demand while enhancing operational efficiency, said Anupam Kansal, Promoter and Managing Director of Rachit Prints.


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“As we set out on a journey towards expanding our operations and plant capacities, we are aspiring to raise funds through an IPO and we are confident of achieving a revenue mark of Rs. 100 crores by FY2027,” Kansal added.

In the first quarter of the current financial year, the company reported revenues of Rs. 9.8 crore with a profit after tax (PAT) of Rs. 1.02 crore. For FY24, the company recorded Rs. 37.08 crore in revenue with a PAT of Rs. 2.02 crore.

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