Fractal Industries IPO
GMP, Subscription, Price, Dates & Financial Details
Textile
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…
Open Date
Mon, 16 Feb 2026
Close Date
Wed, 18 Feb 2026
Price Band
₹ 205 – 216
Lot Size
600
Issue Size
₹ 49.00 Cr
Minimum Investment
₹ 259,200 (1200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Fractal Industries IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹49.00 Crore.
The Fractal Industries IPO remained open for subscription from February 16, 2026, to February 18, 2026. The basis of allotment was finalized on February 20, 2026, and the company's shares were listed on BSE SME Platform on February 24, 2026.
The company had fixed the price band at ₹205 to ₹216 per share, with a lot size of 600 shares. Retail investors were required to make a minimum investment of ₹259,200 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Finaax Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Fractal Industries Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Fractal Industries IPO Timeline (Tentative)
- IPO Open Date
- Mon, 16 Feb 26
- IPO Close Date
- Wed, 18 Feb 26
- Basis of Allotment
- Fri, 20 Feb 26
- Initiation of Refunds
- Mon, 23 Feb 26
- Credit of Shares to Demat
- Mon, 23 Feb 26
- Listing Date
- Tue, 24 Feb 26 — NSE & BSE
Open Date
16 February 2026
Close Date
18 February 2026
Basis Of Allotment
20 February 2026
Listing Date
24 February 2026
IPO Subscription
Check Live Subscription →The Fractal Industries IPO has received bids for 83,28,000 shares against 15,09,600 shares offered, resulting in an overall subscription of 5.52x. the NII category is subscribed 8.27x, Retail Investors 4.09x, and QIBs 5.95x.
QIB
5.95x
NII
8.27x
RII
4.09x
Total
5.52x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 7,54,800 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 4,30,800 shares (28.54%), while Non-Institutional Investors (NIIs) receive 3,24,000 shares (21.46%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 430,800 | 28.54% |
| Non-Institutional | 324,000 | 21.46% |
| BNII | 216,000 | 14.31% |
| SNII | 108,000 | 7.15% |
| Retail Investors | 754,800 | 50% |
| Total | 1,509,600 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Fractal Industries Limited KPI Information
| 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 |
| Pat Margin % | 14.34 | 8.82 | 4.54 | 2.99 |
Peers Comparison
| 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 |
About Fractal Industries Limited
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.
Fractal Industries IPO Promoters
- Mr. Pankaj Bishwanath Agrawal
- Mrs. Priti Pankaj Agrawal
Promoters Holding
Holding Pre Issue
97.15%
Holding Post Issue
0.00%
Fractal Industries IPO Objective
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
Fractal Industries Limited Address / Contact Details
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
Fractal Industries IPO Lot Size
The Fractal Industries IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹2,59,200 by applying for 2 lot (1,200 shares). The maximum application allowed for the retail category is 2 lots (1,200 shares), requiring an investment of ₹2,59,200.
| 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 |
Issue Reservation
- QIB — 28.54%
- NII — 21.46%
- RII — 50%
Book Running Lead Managers
- Finaax Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Fractal Industries IPO?
Fractal Industries IPO is a Book-building IPO with a total issue size of ₹49 crore. The Fractal Industries IPO price band is ₹205 to 216 per share. The Fractal Industries IPO subscription opens on Mon, Feb 16, 2026, and closes on Wed, Feb 18, 2026. The Fractal Industries IPO will be listed on the BSE. KFin Technologies Limited is the registrar for the Fractal Industries IPO.
When will the Fractal Industries IPO open for subscription?
The Fractal Industries IPO opens on Mon, Feb 16, 2026 and closes on Wed, Feb 18, 2026
What is Fractal Industries IPO Price Band?
Fractal Industries IPO Price Band is ₹205 to 216 per share.
What is Fractal Industries IPO Lot Size?
Fractal Industries IPO lot size is 600 shares, Retail investors need a minimum investment of ₹259200 based on the upper price band
What is the minimum investment for Fractal Industries IPO?
The minimum investment for Fractal Industries IPO is ₹259200, based on one lot of 600 shares at the upper price band of ₹216 per share.
How to apply for Fractal Industries IPO?
Investors can apply for the Fractal Industries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Feb 18, 2026. The application amount remains blocked until the Fractal Industries IPO allotment is finalized.
What is Fractal Industries IPO Issue Size?
Fractal Industries IPO issue size is ₹49 crores.
What is the Fractal Industries IPO Allotment Date?
Fractal Industries IPO allotment date is Fri, Feb 20, 2026.
Who is the Fractal Industries IPO Registrar?
The registrar for Fractal Industries IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Fractal Industries IPO allotment status, refund processing, and other IPO-related information.
Who is the Fractal Industries IPO Lead Manager?
The book-running lead managers (BRLMs) for the Fractal Industries IPO are Finaax Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Fractal Industries IPO Red Herring Prospectus (RHP).