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
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

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

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
QIB4,30,800
NII (HNI)3,24,000
bNII > ₹10L2,16,000
sNII < ₹10L1,08,000
Retail7,54,800
Anchor6,45,000

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 (₹)
Peer Comparison
Company P/E EPS Market Cap (Cr)
Bang overseas Limited - -1.60 -3
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%

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

Frequently Asked Questions

Fractal Industries IPO is SME IPO. The company is going to raise ₹49 Crores via IPO. The issue is priced at ₹205 to ₹216 per equity share. The IPO is to be listed on BSE.

The IPO is to open on February 16, 2026 for QIB, NII, and Retail Investors. The IPO will close on February 18, 2026.

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

You can apply for Fractal Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

Fractal Industries IPO issue size is ₹49 crores.

Fractal Industries IPO Price Band is ₹205 to ₹216.

The minimum bid is 1,200 Shares with ₹2,59,200 amount.

Fractal Industries IPO allotment date is February 20, 2026.

Fractal Industries IPO listing date is February 24, 2026. The IPO is to list on BSE.

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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