Fractal Industries IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 205 – 216
Lot Size
600
Issue Size
₹49 Cr
Minimum Investment
₹259200 (1200 Shares)
Listing Date
24 February 2026
Subscription
5.52x
About the Company
Fractal Industries is a full-service garment manufacturing and integrated supply chain company, offering end-to-end solutions to leading Indian e-commerce platforms such as Myntra, Ajio, and Flipkart.
The company specializes in the design, sourcing, and manufacturing of fast-moving, high-quality apparel, supported by comprehensive warehousing, logistics, and fulfillment services. Operating across India, Fractal Industries is built to serve the dynamic demands of online marketplaces with speed, scale, and reliability.
Core Capabilities
- Apparel design, sourcing, and manufacturing
- Product and order management
- Inventory control and return handling
- Integrated warehousing and logistics
- Data analytics and demand forecasting
- Multi-channel sales support
- Order anomaly detection and operational insights
Business Models
1. Outright Sale of Garments
Fractal Industries manufactures garments and sells them in bulk to e-commerce platforms such as Myntra and Flipkart. Upon sale, ownership transfers to the platform, which then manages pricing, warehousing, customer delivery, and returns.
2. PPMP Model (Pure Play Marketplace)
Under this model, the company designs and manufactures apparel for marketplace-owned brands (for example, Myntra’s in-house labels). Fractal Industries manages the entire value chain — including demand forecasting, manufacturing, warehousing, and order fulfillment. Orders are shipped within 48 hours, strictly adhering to the marketplace’s packaging and logistics guidelines.
3. Direct-to-Consumer (Own Brand Manufacturing)
Fractal Industries launched its own apparel brand, “7ate9”, on May 26, 2025. Through this model, the company sells directly to consumers via e-commerce platforms, while retaining full control over inventory, fulfillment, and customer service.
Infrastructure & Scale
- Manufacturing facility: Mumbai
- Production capacity: Over 300,000 garments per month
- Warehousing presence: Gujarat, Maharashtra, Haryana, West Bengal, and Karnataka
Fractal Industries combines manufacturing excellence with technology-driven supply chain management to deliver speed, quality, and scalability for modern fashion e-commerce.
Promoters
- Mr. Pankaj Bishwanath Agrawal
- Mrs. Priti Pankaj Agrawal
Promoters Holding
Holding Pre Issue
97.15%
Holding Post Issue
0.00%
Objects of the Issue
The Company Fractal Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding working capital requirements
- General corporate purposes
Address / Contact Info
Fractal Industries Ltd.
Gala 212, Bhullar Star Indl. Estate,
Andheri Kurla
Andheri East,
Mumbai, Maharashtra, 400072
Phone: +91 22-2852 8352
Email: investors@fractalindustries.in
Website: https://fractalindustries.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 16 February 2026
IPO Close Date
Wednesday, 18 February 2026
Basis of Allotment
Friday, 20 February 2026
Initiation of Refunds
Monday, 23 February 2026
Credit of Shares to Demat
Monday, 23 February 2026
Listing Date
Tuesday, 24 February 2026 — NSE & BSE
Important Dates
Open Date
16 February 2026
Close Date
18 February 2026
Basis Of Allotment
20 February 2026
Listing Date
24 February 2026
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 62.03 | 51.42 | 42.27 | 41.21 |
| Revenue | 47.33 | 85.51 | 50.01 | 88.91 |
| Profit After Tax | 6.78 | 7.54 | 2.27 | 2.66 |
| Net Worth | 23.59 | 15.7 | 8.16 | 5.89 |
| Reserve & Surplus | 18.01 | 15.2 | 7.66 | 5.39 |
| Total Borrowings | 24.63 | 27.61 | 21.88 | 14.05 |
EPS Pre
13.51%
EPS Post
17.28%
P/E Pre
15.99
P/E (Post Issue)
12.50x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 34.52 | 63.2 | 32.27 | 58.18 |
| ROCE % | 18.99 | 25.07 | 12.33 | 19.14 |
| Debt / Equity | 1.04 | 1.76 | 2.68 | 2.38 |
| RoNW % | 28.74 | 48.02 | 27.78 | 45.12 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 14.34 | 8.82 | 4.54 | 2.99 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 430800 | 28.54 | 0 |
| Non-Institutional | 324000 | 21.46 | 0 |
| BNII | 216000 | 14.31 | 0 |
| SNII | 108000 | 7.15 | 0 |
| Retail Investors | 754800 | 50 | 0 |
| Total | 1509600 | 100 | 0 |
Subscription Status ( Wed, 18 Feb 26 01:37 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 430800 | 2562000 | 5.95x |
| Non-Institutional | 324000 | 2678400 | 8.27x |
| Retail Investors | 754800 | 3087600 | 4.09x |
| Total | 1509600 | 8328000 | 5.52x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Fractal Industries Ltd | 10 | 0.00 | 13.70 | 13.70 | 48.02 | 28.54 |
| Bang overseas Ltd | 10 | 0.00 | -1.60 | -1.60 | -2.54 | 64.23 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | 259,200.00 |
| Retail (Max) | 2 | 1,200 | 259,200.00 |
| S-HNI (Min) | 3 | 1,800 | 388,800.00 |
| S-HNI (Max) | 7 | 4,200 | 907,200.00 |
| B-HNI (Min) | 8 | 4,800 | 1,036,800.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Finaax Capital Advisors Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Fractal Industries IPO is a Book-building IPO worth ₹49 crores. The price band is ₹205 to 216 per share. The IPO opens on Mon, Feb 16, 2026 and closes on Wed, Feb 18, 2026. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Fractal Industries IPO opens on Mon, Feb 16, 2026 and closes on Wed, Feb 18, 2026
Fractal Industries IPO Price Band is ₹205 to 216.
Fractal Industries IPO lot size is 600, and the minimum amount required for application is ₹259200.
The minimum investment for Fractal Industries IPO is approximately ₹259200 based on the upper price band.
To apply for the Fractal Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Feb 18, 2026. After submission, funds are blocked until the basis of allotment of Fractal Industries IPO is finalised.
Fractal Industries IPO issue size is ₹49 crores.
Fractal Industries IPO allotment date is Sat, Jun 27, 2026.
The registrar for Fractal Industries IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Fractal Industries IPO through their official website or helpline.