Fractal Industries IPO Opens for Subscription on 16 February 2026 with ₹49 Crore Fresh Issue at ₹205-₹216 Price Band

The ₹49 crore Fractal Industries IPO opens for subscription today, 16 February 2026, on the BSE SME platform. The IPO is a bookbuild issue comprising entirely a fresh issue of 22,68,600 equity shares, with proceeds earmarked for business requirements as outlined in the Red Herring Prospectus (RHP).

The public issue will close on 18 February 2026, with allotment expected to be finalised on 19 February 2026 and listing tentatively scheduled for 23 February 2026.

Fractal Industries is a full-service garment manufacturing and supply chain company. The company designs, sources, and manufactures garments, and provides end-to-end warehousing and logistics services to e-commerce platforms like Myntra, Ajio, and Flipkart. The company operates across India and focuses on producing fast-moving, high-quality apparel for online marketplaces. It also offers support services such as Product & order management, Inventory and return handling, Integrated logistics, Data analytics, Multi-channel sales support, and Order anomaly detection.

Fractal Industries IPO Issue Structure and Price Band Details

Fractal Industries has fixed the IPO price band at ₹205 to ₹216 per equity share of face value ₹10. 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 total issue size aggregates up to ₹49 crore. As per disclosures, 1,14,000 shares are reserved for the market maker, Shreni Shares Ltd., while the remaining 21,54,600 shares are offered to public investors.

The IPO is a bookbuilding issue, a mechanism where investors bid within a prescribed price range, and the final issue price is determined based on demand discovered during the subscription period.

Fractal Industries IPO Timeline

Investor Allocation and Reservation Breakdown

Of the net offer, 10,75,800 shares (47.42%) are allocated to Qualified Institutional Buyers (QIBs), including 6,45,000 shares (28.43%) reserved for anchor investors and 4,30,800 shares (18.99%) for QIBs excluding anchors.

Non-Institutional Investors (NII or HNI) are allocated 3,24,000 shares (14.28%), while Retail Individual Investors (RII) have been earmarked 7,54,800 shares (33.27%).

Financial Performance Snapshot

According to the financial information presented in the RHP, the restated consolidated financial statements of the company reflect a stable growth in assets from ₹41.21 crore as on March 2023 to ₹62.03 crore as on September 2025. Total income was at ₹88.91 cr for FY2023, fell to ₹50.01 crore for FY2024, and bounced back to ₹85.51 crore for FY2025, with ₹47.33 crore for the half-year ended 30 September 2025. After ta͏x profit increased from ₹2.66 cr in FY2023 to ₹7.54 cr in FY2025. A significant jump in net worth to ₹23.59 crore, while borrowings saw a little fluctuation during the period.

The financial figures reflect year-on-year variations, with asset growth observed over the three reported financial years.

Lead Manager, Registrar and Listing Platform

Finaax Capital Advisors Private Limited is acting as the book running lead manager to the issue, while Kfin Technologies Ltd. has been appointed as the registrar. The company’s shares are proposed to be listed on the BSE SME platform.