Fascinate Textiles IPO
Market Sentiment
IPO Details
Market Lot Size
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Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 28.90 | 60.28 | 117.23 |
| Expense | 28.26 | 52.19 | 95.88 |
| Profit (PAT) | 0.48 | 5.81 | 15.07 |
| Total Assets | 25.45 | 42.26 | 92.75 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Iris Clothings Limited | 0.85 | 54.92 | 11.42 | 37.24 | 16.19 Cr |
| Kewal Kiran Clothing Limited | 23.03 | 21.71 | 13.60 | 181.66 | 152.29 Cr |
Promoters: Chirag Ahuja, Narinder Kumar Ahuja, Rishabh Nahar, Vishal Nahar and Vishal Nahar (HUF)
Strengths & Risks
- Revenue grew 94% in the latest reported year.
- Solid profit margin — 12.9%.
- Strong return on equity — 72%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Weak institutional (QIB) demand — the QIB portion was only 0.63x subscribed at close.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Fascinate Textiles, founded in 2017, is one of the leading apparel manufacturing companies in India. Its main aim is to design high-quality knitted and woven garments that meet global standards. Its product range includes infantwear, kidswear, menswear, and womenswear in a wide range of designs and quality. Fascinate Textiles’ portfolio includes t-shirts, joggers, vests, leggings, shorts, and infant wear for each age group. Its manufacturing facility offers an end-to-end solution, taking care of stitching, finishing, printing, and packing, all under one roof. The firm has over 30 years of experience in craftsmanship, precision, and operational excellence, which has allowed it to become a trusted partner of so many fashion brands.
Fascinate Textiles Ltd., 3/A Kutul Sahi Road,, Barasat, Barasat North 24 Parganas,, Barasat-1,, Kolkata, West Bengal, 700124
| Purpose | Amount (Cr) |
|---|---|
| Funding Capital Expenditure requirement towards setting up additional manufacturing facility. | 12.40 |
| Funding the working capital requirements | 19.03 |
| Prepayment and repayment of all or a portion of certain secured and unsecured loan | 2.68 |
| General Corporate Purposes | - |
| To meet the offer related expenses | - |
Resources & Documents
Fascinate Textiles has set a price band of Rs 148–Rs 156 per share for an issue size of Rs 67 crore. The stock listed with a 22.56% discount versus its issue price on August 24, 2026.
Fascinate Textiles, founded in 2017, is one of the leading apparel manufacturing companies in India. Its main aim is to design high-quality knitted and woven garments that meet global standards.
The issue is promoted by Chirag Ahuja, Narinder Kumar Ahuja, Rishabh Nahar, Vishal Nahar and Vishal Nahar (HUF) with Affinity Global Capital Market Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding Capital Expenditure requirement towards setting up additional manufacturing facility. (Rs 12 crore) and Funding the working capital requirements (Rs 19 crore).
On fundamentals, the company is posting revenue growth of 94.5%, a profit margin of 12.9%, return on equity of 72.1% in its most recent reported period. Listed peers in this segment include Iris Clothings Limited (P/E 54.92x) and Kewal Kiran Clothing Limited (P/E 21.71x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Fascinate Textiles IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. No grey market premium was recorded for Fascinate Textiles before it listed.
See the full Fascinate Textiles GMP history and trend, or learn how grey market premium works and how reliable it is.
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