ENA MSME 2025-09-08 15:43:36 <p><span style="font-size:14px"><strong>New Delhi, Sep 8 (KNN)</strong> Rachit Prints Limited had a lacklustre debut on the Indian stock market as its shares were listed at a 20 per cent discount on Monday.</span></p> <p><span style="font-size:14px">The stock opened at Rs 119.20 apiece on the BSE SME platform, against the issue price of Rs 149 per share.</span></p> <p><span style="font-size:14px">The weak debut came in line with market expectations, as the companys grey market premium (GMP) stood at Rs 0, indicating no significant listing gains.</span></p> <p><span style="font-size:14px">Rachit Prints initial public offering (IPO) was open for subscription between September 1 and September 3, with allotment finalised on September 4.</span></p> <p><span style="font-size:14px">The company raised Rs 19.50 crore through a fresh issue of 13 lakh equity shares priced at Rs 149 each. Retail investors had to apply for a minimum of 1,000 shares, amounting to Rs 2.98 lakh.</span></p> <p><span style="font-size:14px">The IPO attracted decent participation, recording an overall subscription of 1.97 times. Retail investors were the most enthusiastic, subscribing 2.74 times, while Qualified Institutional Buyers subscribed fully, and Non-Institutional Investors subscribed 1.25 times.</span></p> <p><span style="font-size:14px">The company plans to utilise the IPO proceeds to fund working capital, expand operations through capital expenditure on plant and machinery, partially prepay loans, and meet general corporate needs.</span></p> <p><span style="font-size:14px">Khambatta Securities Ltd. served as the lead manager, with Maashitla Securities Pvt. Ltd. as registrar and Prabhat Financial Services Ltd. as the market maker.</span></p> <p><span style="font-size:14px">Founded in 2003, Rachit Prints manufactures specialty fabrics for the mattress industry, including knitted, printed, warp-knit, and pillow fabrics, as well as binding tapes.</span></p> <p><span style="font-size:14px">The firm also trades in bedsheets and comforters. Operating on a business-to-business (B2B) model, it supplies products to mattress manufacturers and resellers.</span></p> <p><span style="font-size:14px">Its client list includes prominent brands such as Sleepwell, Kurlon Enterprises, and Prime Comfort Products.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 43426 https://knnindia.co.in/news/newsdetails/msme/rachit-prints-plunges-20-on-bse-sme-debut 2025-09-08 15:43:36 knnindia.co.in