Fractal Industries Limited Link 
Allotment
Fractal Industries Limited is launching a book-built IPO worth ₹49.00 crore, comprising entirely a fresh issue of 0.23 crore equity shares.
The IPO will open for subscription on February 16, 2026, and close on February 18, 2026. The basis of allotment is expected to be finalized on February 19, 2026, with a tentative listing on the BSE SME platform scheduled for February 23, 2026.
The price band for the issue has been fixed at ₹205 to ₹216 per share.
The lot size is 600 shares:
Retail investors must apply for a minimum of 2 lots (1,200 shares), requiring an investment of ₹2,59,200 at the upper price band.
HNI investors are required to apply for a minimum of 3 lots (1,800 shares), amounting to an investment of ₹3,88,800.
Finaax Capital Advisors Private Limited is acting as the Book Running Lead Manager, Kfin Technologies Ltd. is the Registrar to the Issue, and Shreni Shares Ltd. is the Market Maker for the IPO.
₹216
0%
Open
₹216
HIgh - Low
₹216
Previous Close
₹216
Total Traded Value
0
52 Weeks High
₹216
52 Weeks Low
₹216
Updates On
Feb 10, 2026
IPO. Open
Feb 16, 2026
IPO. Close
Feb 18, 2026
IPO. Price
₹216.00
IPO Market price
₹169.54 Cr
IPO Details
| IPO Date | 24 Feb |
| IPO Listing Date | 24 Feb |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹216.00 |
| IPO Issue Size | 22,68,600 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 55,80,267 shares |
IPO Timeline
| IPO Open Date | 16 Feb |
| IPO Close Date | 18 Feb |
| IPO Allotment (Tentative) | 20 Feb |
| Refunds | 23 Feb |
| Credit to Demat Account | 23 Feb |
| IPO Listing Date | 24 Feb |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 10,75,800 Shares |
| NII (HNI) Shares Offered | 3,24,000 Shares |
| Retail Shares Offered | 7,54,800 Shares |
IPO Lot Size
Investors can apply for a minimum of 1,200 shares, and thereafter in multiples of 600 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,59,200 |
| Retail (Max) | 2 | 1,200 | ₹2,59,200 |
| S-HNI (Min) | 3 | 1,800 | ₹3,88,800 |
| S-HNI (Max) | 7 | 4,200 | ₹9,07,200 |
| B-HNI (Min) | 8 | 4,800 | ₹10,36,800 |
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 solutions to leading e-commerce platforms such as Myntra, Ajio, and Flipkart.
The company operates across India, focusing on the production of fast-moving, high-quality apparel for online marketplaces. In addition to manufacturing, Fractal Industries offers a wide range of value-added services, including product and order management, inventory and returns handling, integrated logistics, data analytics, multi-channel sales support, and order anomaly detection.
Business Models:
1. Outright Sale of Garments
Under this model, the company manufactures garments and sells them in bulk to e-commerce platforms such as Myntra and Flipkart. Once sold, ownership of the products transfers to the platform, which manages warehousing, order fulfillment, delivery, and returns.
2. PPMP Model (Pure Play Marketplace)
Fractal Industries designs and manufactures garments under the marketplace’s private labels (for example, Myntra’s in-house brands). The company manages the entire process, including demand forecasting, manufacturing, warehousing, and delivery. Orders are typically shipped within 48 hours in compliance with the platform’s packaging and shipping guidelines.
3. Direct Sale – Own Brand Manufacturing
The company launched its own apparel brand, “7ate9”, on May 26, 2025. Under this model, Fractal Industries sells directly to customers through e-commerce platforms, manages its own inventory, and handles end-to-end order fulfillment and customer service.
Manufacturing and Infrastructure
Fractal Industries operates a manufacturing facility in Mumbai with a monthly production capacity of over 3,00,000 garments. The company also maintains warehouses across Gujarat, Maharashtra, Haryana, West Bengal, and Karnataka, enabling efficient pan-India distribution.
Competitive Strengths
- Experienced promoters and senior management team
- Technologically advanced and integrated Warehouse Management System (WMS)
- Strong expertise in apparel reverse logistics and returns management
- Robust quality control and inspection processes
Company Financials (Consolidated)
| Assets | 62.03 | 51.42 | 42.27 |
| Total Income | 47.33 | 85.51 | 50.01 |
| Profit After Tax | 6.78 | 7.54 | 2.27 |
| EBITDA | 9.29 | 11.15 | 4.05 |
| NET Worth | 23.59 | 15.7 | 8.16 |
| Reserves and Surplus | 18.01 | 15.2 | 7.66 |
| Total Borrowing | 24.63 | 27.61 | 21.88 |
Key Performance Indicator (KPI)
| ROE | 34.52 |
| ROCE | 18.99% |
| Debt/Equity | 1.04 |
| RoNW | 28.74% |
| PAT Margin | 14.34% |
| EBITDA Margin | 19.63% |
| Price to Book Value | - |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 36.5 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Fractal Industries Ltd. Address
Gala 212, Bhullar Star Indl. Estate,
Andheri Kurla
Andheri East,
Mumbai, Maharashtra, 400072
+91 22-2852 8352
investors@fractalindustries.in
https://fractalindustries.in/
Detail Registrar
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
fractal.ipo@kfintech.com
https://ipostatus.kfintech.com/
Fractal Industries IPO is a book-built issue aggregating ₹49 crore, comprising entirely a fresh issue of 22.68 lakh equity shares at ₹205–₹216 per share.
The IPO opens on February 16, 2026, and closes on February 18, 2026. Tentative allotment is expected on February 19, 2026, with listing on February 23, 2026.
The price band is fixed at ₹205 to ₹216 per share. The lot size is 600 shares, with applications in multiples of 600 shares.
Retail investors must apply for a minimum of 2 lots (1,200 shares), amounting to ₹2,59,200 at the upper price band of ₹216 per share.
The IPO is proposed to be listed on the BSE SME platform, with a tentative listing date of February 23, 2026.
The IPO proceeds will be primarily used to fund the company’s working capital requirements and support general corporate purposes.
Finaax Capital Advisors Pvt. Ltd. is the book-running lead manager, Kfin Technologies Ltd. is the registrar, and Shreni Shares Ltd. is the market maker.
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