Fractal Industries IPO

Listed SME
Open Feb 16
Close Feb 18
Allotment Feb 19
Refund Feb 20
Listing Feb 24

Market Sentiment

Grey Market Premium What is GMP?
+Rs 2
+0.9%
Est. Listing: Rs 218
Updated: Feb 14, 2026 12:00 am
View Full GMP History →
Subscription Status
QIB
5.95x
NII
8.27x
bNII (>10L)
9.98x
sNII (2-10L)
4.85x
Retail
4.09x
Total
5.52x
Updated: Mar 02, 2026 10:58 pm IST
Analysis Score 37 / 100
Avoid
Data: 80%
GMP Score 35
Subscription Score 25
Financial Health 66
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Issue Price₹205-216 per equity share
Face Value₹10 Per Equity Share
Lot Size 1200 shares (Min ₹2,59,200)
Total Issue Size ₹49.00 crore
Fresh Share₹49.00 crore
Issue TypeBook build Issue
Lead ManagerFinaax Capital Advisors Private Limited
RegistrarKfin Technologies Ltd.
Listing atBSE
Listing Price₹229.00
Listing Gain+6.02%

IPO Reservation

Category Shares Offered Shares %
QIB4,30,80028.54%
NII (HNI)3,24,00021.46%
bNII > ₹10L2,16,00014.31%
sNII < ₹10L1,08,0007.15%
Retail7,54,80050.00%
Anchor6,45,00042.73%

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 1,200 ₹2,59,200
Retail Maximum 2 1,200 ₹2,59,200
S-HNI Minimum 3 1,800 ₹3,88,800
S-HNI Maximum 7 4,200 ₹9,07,200
B-HNI Minimum 8 4,800 ₹10,36,800
Budget to Lots Calculator

Financial Analysis

Financial Data
ROE
63.20%
ROCE
25.07%
Debt/Equity
1.76
NAV/Share
Rs 28.54
Revenue Growth
70.99%
Profit Margin
8.82%
Financial Performance
Metric 2023 2024 2025 Sep 2025
Revenue 88.91 50.01 85.51 47.33
Expense 85.70 47.27 76.41 39.20
Profit (PAT) 2.66 2.27 7.54 6.78
Total Assets 41.21 42.27 51.42 62.03
Values in Crores (₹)
Promoters & Holding Pattern

Promoters: Mr. Pankaj Bishwanath Agrawal and Mrs. Priti Pankaj Agrawal

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 55,80,267 97.15%

Strengths & Risks

Strengths
  • Strongly subscribed — 5.5x overall (so far).
  • Strong institutional (QIB) demand — 6.0x.
  • Revenue grew 71% in the latest reported year.
  • Solid profit margin — 8.8%.
  • Strong return on equity — 63%.
Risks & Concerns
  • Elevated leverage — debt/equity of 1.76.

Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Fractal Industries

Fractal Industries is one of the leading companies that provides a full-service garment manufacturing and supply chain company. Further, the company designs, sources, and manufactures garments while offering end-to-end warehousing and logistics services for e-commerce platforms like Myntra, Ajio, and Flipkart. Moreover, operating across India, Fractal Industries focuses on producing high-quality, fast-moving apparel for online marketplaces. It also provides a range of support services, including: Product and order management, Inventory and returns handling, Integrated logistics, and many more.

Objects of the Issue
Purpose Amount (Cr)
Funding working capital requirements 36.50
General Corporate Purpose -

Resources & Documents

Anchor Investors
Anchor Bidding Date
February 13, 2026
Shares Offered to Anchors
6,45,000
Lock-in End (30 Days, 50%)
March 21, 2026
Lock-in End (90 Days, 50%)
May 20, 2026
Company Contact Information

Fractal Industries Ltd., Gala 212, Bhullar Star Indl. Estate,, Andheri Kurla, Andheri East,, Mumbai, Maharashtra, 400072

Fractal Industries IPO — Quick Take

Fractal Industries has set a price band of Rs 205–Rs 216 per share for an issue size of Rs 49 crore. The stock listed with a 6.02% gain versus its issue price on February 24, 2026.

Fractal Industries is one of the leading companies that provides a full-service garment manufacturing and supply chain company. Further, the company designs, sources, and manufactures garments while offering end-to-end warehousing and logistics services for e-commerce platforms like Myntra, Ajio, and Flipkart.

The issue is promoted by Mr. Pankaj Bishwanath Agrawal and Mrs. Priti Pankaj Agrawal with Finaax Capital Advisors Private Limited acting as lead manager. Net proceeds will primarily be used towards Funding working capital requirements (Rs 37 crore) and General Corporate Purpose.

Grey market is quoting a premium of +Rs 2 (+0.9% over issue price), up Rs 2 from the previous session. Final subscription data records overall subscription at 5.52x, retail at 4.09x, QIB at 5.95x, NII at 8.27x.

On fundamentals, the company is posting revenue growth of 71.0%, a profit margin of 8.8%, return on equity of 63.2% in its most recent reported period. Listed peers in this segment include Bang overseas Limited (market cap Rs -3 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.

Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Fractal Industries IPO is Rs 205 to Rs 216 per share. Face value is Rs 10 per share.

The total issue size of Fractal Industries IPO is Rs 49 crore, comprising fresh issue of Rs 49 crore.

Retail investors must apply for a minimum of 1 lot of 1200 shares, requiring an investment of Rs 2,59,200.

Fractal Industries IPO opens for subscription on February 16, 2027 and closes on February 18, 2027. Anchor investor bidding is scheduled for February 13, 2026.

The expected allotment date for Fractal Industries IPO is February 19, 2026. Refunds for unsuccessful applicants are expected on February 20, 2026.

Fractal Industries IPO is scheduled to list on February 24, 2026 on BSE.

The current GMP (Grey Market Premium) of Fractal Industries IPO is +Rs 2 (+0.9% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

Fractal Industries IPO is currently subscribed 5.52 times overall — retail at 4.09x, QIB at 5.95x, NII at 8.27x. Live subscription data updates multiple times per day on open-issue days.

Based on the current retail subscription of 4.09x for Fractal Industries IPO, the estimated retail allotment probability is approximately 24.4%. This is a moderate probability of allotment.

The registrar for Fractal Industries IPO is Kfin Technologies Ltd.. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Fractal Industries IPO are Finaax Capital Advisors Private Limited.

The promoter(s) of Fractal Industries are Mr. Pankaj Bishwanath Agrawal and Mrs. Priti Pankaj Agrawal.

Fractal Industries IPO GMP — What It Means

The latest grey market premium for Fractal Industries IPO is ₹2 (+0.9%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Fractal Industries it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.

See the full Fractal Industries GMP history and trend, or learn how grey market premium works and how reliable it is.

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