Bookbuilding IPO | ₹49 Cr | Listed at BSE SME | Mon, Feb 16, 2026 - Wed, Feb 18, 2026
Fractal Industries IPO is a book build issue of ₹49.00 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹49.00 crore.
Fractal Industries IPO bidding started from Feb 16, 2026 and ended on Feb 18, 2026. The allotment for Fractal Industries IPO was finalized on Feb 20, 2026. Fractal Industries IPO will list on BSE SME with a tentative listing date fixed as Feb 24, 2026.
Fractal Industries IPO price band is set at ₹216 per share. The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹2,59,200 (1,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (1,800 shares), amounting to ₹3,88,800.
Finaax Capital Advisors Private Limited is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Fractal Industries IPO RHP for detailed Information.
IPO Open
Mon, Feb 16, 2026
IPO Close
Wed, Feb 18, 2026
Issue Price
₹216 per share
Market Cap (Pre-IPO)
₹169.54 Cr
| IPO Date | 16 to 18 Feb, 2026 |
| Listed on | Tue, Feb 24, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹205 to ₹216 |
| Issue Price | ₹216 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,68,600 shares (agg. up to ₹49 Cr) |
| Reserved for Market Maker | 1,14,000 shares Shreni Shares Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 21,54,600 shares (agg. up to ₹47 Cr) |
| Net Offered to Public | 21,54,600 shares (agg. up to ₹47 Cr) |
| Share Holding Pre Issue | 55,80,267 shares |
| Share Holding Post Issue | 78,48,867 shares |
| BSE Script Code | 544707 |
| ISIN | INE1W3Q01011 |
Fractal Industries IPO comprises a total issue size of 22,68,600 shares. The net offer to the public is 21,54,600 shares, after excluding 1,14,000 shares allotted on a firm basis. Of the Net offer 10,75,800 (49.93%) are allocated to QIB, 3,24,000 (15.04%) allocated to NII 7,54,800 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 10,75,800 | 49.93% | 47.42% |
| − Anchor Investor Shares Offered | 6,45,000 | 28.43% | |
| − QIB (Ex. Anchor) Shares Offered | 4,30,800 | 18.99% | |
| NII (HNI) Shares Offered | 3,24,000 | 15.04% | 14.28% |
| − bNII > ₹10L | 2,16,000 | 9.52% | |
| − sNII < ₹10L | 1,08,000 | 4.76% | |
| Retail Shares Offered | 7,54,800 | 35.03% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,14,000 | 5.03% | |
| Total Shares Offered | 22,68,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,200 | ₹2,59,200 |
| Individual investors (Retail) (Max) | 2 | 1,200 | ₹2,59,200 |
| S-HNI (Min) | 3 | 1,800 | ₹3,88,800 |
| S-HNI (Max) | 7 | 4,200 | ₹9,07,200 |
| B-HNI (Min) | 8 | 4,800 | ₹10,36,800 |
Fractal Industries IPO raises ₹13.93 crore from anchor investors. Fractal Industries IPO Anchor bid date is February 13, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Feb 13, 2026 |
| Shares Offered | 6,45,000 |
| Anchor Portion (₹ Cr.) | 13.93 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Mar 22, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, May 21, 2026 |
Fractal Industries is a full-service garment manufacturing and supply chain company. The company designs, source, and manufacture garments, and provide end-to-end warehousing and logistics services to e-commerce platforms like Myntra, Ajio, and Flipkart.
The company operate across India and focus on producing fast-moving, high-quality apparel for online marketplaces. It also offer support services such as Product & order management, Inventory and return handling, Integrated logistics, Data analytics, Multi-channel sales support, and Order anomaly detection.
Business Models:
It has a manufacturing facility in Mumbai with a monthly production capacity of over 3,00,000 garments and also has warehouses in Gujarat, Maharashtra, Haryana, West Bengal, and Karnataka.
Competitive Strengths:
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 62.03 | 51.42 | 42.27 | 41.21 |
| Total Income | 47.33 | 85.51 | 50.01 | 88.91 |
| Profit After Tax | 6.78 | 7.54 | 2.27 | 2.66 |
| EBITDA | 9.29 | 11.15 | 4.05 | 4.13 |
| NET Worth | 23.59 | 15.70 | 8.16 | 5.89 |
| Reserves and Surplus | 18.01 | 15.20 | 7.66 | 5.39 |
| Total Borrowing | 24.63 | 27.61 | 21.88 | 14.05 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements | 36.50 |
| 2 | General corporate purposes | 7.35 |
| Total | 43.85 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 34.52% | 63.20% |
| ROCE | 18.99% | 25.07% |
| Debt/Equity | 1.04 | 1.76 |
| RoNW | 28.74% | 48.02% |
| PAT Margin | 14.34% | 8.82% |
| EBITDA Margin | 19.63% | 13.04% |
| Price to Book Value | 7.57 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.51 | 17.28 |
| P/E (x) | 15.99 | 12.5 |
| Promoter Holding | 97.15% | 69.07% |
| Market Cap | ₹169.54 Cr. |
The Fractal Industries IPO is subscribed 5.44 times on February 18, 2026 6:54:02 PM (Day 3). The public issue subscribed 4.09 times in the individual investors category, 5.95 times in the QIB category, and 7.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 5.95 | 4,30,800 | 25,62,000 | 0 |
| NII* | 7.91 | 3,24,000 | 25,64,400 | 0 |
| bNII (> ₹10L) | 9.45 | 2,16,000 | 20,40,600 | |
| sNII (< ₹10L) | 4.85 | 1,08,000 | 5,23,800 | |
| Individual Investor | 4.09 | 7,54,800 | 30,87,600 | 0 |
| Total | 5.44 | 15,09,600 | 82,14,000 | 3,280 |
Total Applications: 3,280
*Market Maker portion is not included to NII/HNI.
The Fiscal Year 2024 financials are presented on a standalone basis.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable Advertising and Publishing Expenses | 0.06 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.16 |
| 5 | Printing and stationery expenses | 0.02 |
| 6 | Fees payable to Peer Review Auditor and Legal | 0.11 |
| 7 | Fees Payable to Market Maker (for Three year) | 0.10 |
| 8 | Escrow & Sponsor Bank Fees | 0.01 |
| 9 | Others (Fees payable for marketing & distribution expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses) | 4.44 |
| Total | 5.15 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹216.00 |
| Open | ₹229.00 |
| Low | ₹217.55 |
| High | ₹229.00 |
| Last Trade | ₹217.55 |
Lead Manager Reports
Fractal Industries IPO is a SME IPO of 22,68,600 equity shares of the face value of ₹10 aggregating up to ₹49 Crores. The issue is priced at ₹216 per share. The minimum order quantity is 600.
The IPO opens on Mon, Feb 16, 2026, and closes on Wed, Feb 18, 2026.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Fractal Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Fractal Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Fractal Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Fractal Industries IPO opens on Mon, Feb 16, 2026 and closes on Wed, Feb 18, 2026.
Fractal Industries IPO lot size is 600, and the minimum amount required for application is ₹2,59,200, with 2 lots being the minimum application size.
You can apply in Fractal Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Fractal Industries IPO will be done on Friday, February 20, 2026, and the allotted shares will be credited to your demat account by Mon, Feb 23, 2026. Check the Fractal Industries IPO allotment status.
The Fractal Industries IPO listing date is on Tue, Feb 24, 2026.
