Fractal Industries IPO
Market Sentiment
Market Lot Size
IPO Details
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Financial Analysis
| 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 |
Promoters: Mr. Pankaj Bishwanath Agrawal and Mrs. Priti Pankaj Agrawal
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 55,80,267 | 97.15% |
Company Information
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.
| Purpose | Amount (Cr) |
|---|---|
| Funding working capital requirements | 36.50 |
| General Corporate Purpose | - |
Resources & Documents
Fractal Industries Ltd., Gala 212, Bhullar Star Indl. Estate,, Andheri Kurla, Andheri East,, Mumbai, Maharashtra, 400072
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.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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