The initial public offering running (IPO) will end on September 3 and the company’s shares will be listed on the BSE’s SME platform, the company said in a statement.
Public issue is a new issue of equity shares up to 13.08 lakh, with a face value of Rs 10. On the upper price band, the company aims to raise Rs 19.5 crore.
Use of income up to Rs 9.5 crore from the new issue, 4.4 crore for the purchase of working capital requirements, plant and machinery and Rs. 1.32 crore and will be made towards balance for general corporate purposes.
Established by Anupam Cancel in 2003, the company forms a range of fabrics used in the pillows industry, including knit and printed fabrics, rap knit, pillow fabric and blinding tape.
It also trades in comforts and bedsheets. The company operates on the B2B model and provides products to leading brands such as Slipwell, Kurlon Enterprise Limited and Prime Comfort Products.
Textile prints also benefit from the improved technology upgrade fund scheme of textiles, which provide capital investment subsidies to textile companies.
Rachit Prints will pay Rs. 1.70 crore operations and Rs. The revenue of Rs 6.56 crore was registered, compared to Rs. .0 37.5 crore income and Rs. There was a profit of Rs.
Khambatta Securities is the only lead manager running the only book, while Machola Securities is a registrar for IPOs.
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