IPO

Fractal Industries Limited IPO

BSE SME

Listed On: Feb 24, 2026 at ₹ 229.0

₹ 259200 /1200 Shares
*Min Investment

Check Allotment

16 Feb, 2026

Open Date

18 Feb, 2026

Close Date

20 Feb, 2026

Allotment Date

24 Feb, 2026

Listing Date
Fractal Industries IPO Live Subscription Details
View Subscription Details
QIB 5.95x
Individual 4.09x
NIIs 8.27x
BHNI 9.97x
SHNI 4.85x
Individual 4.09x
Total 5.52x
Last updated: 18 Feb 2026, 05:57 PM
Fractal Industries IPO Issue Details
  • Issue Price ₹205-216 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 22,68,600 shares(aggregating up to ₹49 crore)
  • Fresh Share 22,68,600 shares(aggregating up to ₹49 crore)
  • Listing at BSE SME
  • List Price 229.0
  • Listing Date 2026-02-24
  • Lead Manager Finaax Capital Advisors Private Limited
  • Registrar Kfin Technologies Ltd.
Market Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 1200 ₹2,59,200
Individual(max) 2 1200 ₹2,59,200
SHNI(min) 3 1800 ₹3,88,800
SHNI(max) 7 4200 ₹9,07,200
BHNI(min) 8 4800 ₹10,36,800
Fractal Industries IPO Reservation

Fractal Industries IPO offers total 2268600 shares. Out of which 430800 (18.99%) allocated to QIB, 324000 (14.28%) allocated to NII,754800 (33.27%) allocated to RII, NA (NA%) allocated to employees and 645000 (28.43%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 645000 (28.43%)
Market Maker Shares Offered 114000 (5.03%)
QIB Shares Offered 430800 (18.99%)
NII (HNI) Shares Offered 324000 (14.28%)
bNII > ₹10L 216000 (9.39%)
sNII < ₹10L 108000 (4.85%)
Individual Shares Offered 754800 (33.27%)
Total Shares Offered 2268600 (100%)
Fractal Industries IPO Documents
DRHP
RHP
ANCHOR
Fractal Industries IPO Details


Fractal Industries Limited IPO is an SME IPO, priced at ₹205-216 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 22,68,600 equity shares, aggregating up to ₹49 crores..

The IPO bidding window is open from Feb 16, 2026 to Feb 18, 2026. The allotment is expected to be finalized on Feb 20, 2026, and the tentative listing date is Feb 24, 2026.

The minimum lot size for Individual investors is 1200 shares, with a minimum investment of ₹2,59,200.

Finaax Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Ltd., and

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Fractal Industries IPO Subscription Analysis And Details
Retail
4.09x
QIB
5.95x
NII
8.27x
bNII
9.97x
sNII
4.85x
Total
5.52x
As on QIB NII
bNII   sNII 		Individual Total
Shares Offered / Reserved 4,30,800 3,24,000
2,16,000    1,08,000 		7,54,800 15,09,600
Day 1 16-02-26 05:00 PM
4.85 x 0.70 x
0.81 x   0.50 x 		0.22 x 1.65 x
Day 2 17-02-26 05:00 PM
4.96 x 1.59 x
1.76 x   1.24 x 		0.82 x 2.16 x
Day 3 18-02-26 05:00 PM
5.95 x 8.27 x
9.97 x   4.85 x 		4.09 x 5.52 x
Total No of Applications
3,270
Subscription on the basis of Applications
Retail:4.09x BHNI:3.47x SHNI:4.55x
Fractal Industries Valuations
EPS Pre IPO ₹13.51/-
EPS Post IPO ₹17.28/-
P/E Pre IPO 15.99
P/E Post IPO 12.50
ROE 63.20%
ROCE 25.07%
Debt/Equity 1.76
RoNW 48.02%
PAT Margin 8.82%
Price to Book Value 7.57
Market Cap. 169.54 Cr.
Fractal Industries Company Financials
In Crs.
In Cr.
30-Sep-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 62.03 51.42 42.27 41.21
Revenue 47.33 85.51 50.01 88.91
Profit After Tax 6.78 7.54 2.27 2.66
Net Worth 23.59 15.70 8.16 5.89
Reserves & Surplus 18.01 15.20 7.66 5.39
Total Borrowing 24.63 27.61 21.88 14.05
About Fractal Industries Company

Fractal Industries is a full-service garment manufacturing and supply chain company that designs, sources, and manufactures garments and provides end-to-end warehousing and logistics solutions to e-commerce companies such as Myntra, Ajio, and Flipkart.
The company operates in India and specializes in creating fast-moving products of high quality for online markets. They also provide ancillary services such as Product & Order Management, Inventory & Returns Management, Integrated Logistics Management, Data & Analytics Management, Multi-Channel Sales & Marketing Support, and Order Anomaly Detection.

Business Models:
Outright Sale of Garments:The company produces garments, which are then sold in bulk to an e-commerce site, say Myntra or Flipkart. After selling, the e-commerce site has ownership of the product, which it sells to other customers.
PPMP Model (Pure Play Marketplace):It designs and manufactures products under the brand name of the marketplace itself, e.g., Myntra’s brand name. They take care of shipping the orders within 48 hours following the packaging and shipping guidelines of the marketplace.
Direct Sale – Own Brand Manufacturing:Also, the company has introduced its own brand of clothing products, running under the name “7ate9” (from May 26, 2025). In this context, the company aims to sell products directly to customers through e-commerce.

It has a manufacturing facility in Mumbai that has a monthly production capacity of over 3,00,000 garments and also has warehouses in Gujarat, Maharashtra, Haryana, West Bengal, and Karnataka.

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Fractal Industries - Promoter(s)

Mr. Pankaj Bishwanath Agrawal

Mrs. Priti Pankaj Agrawal

Pre Issue Share Holding : 97.15%

Post Issue Share Holding : %

Fractal Industries IPO - Issue Objectives
1

Funding working capital requirements

2

General corporate purposes

Contact Details

Fractal Industries

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

+91 22-2852 8352

investors@fractalindustries.in

https://fractalindustries.in/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

fractal.ipo@kfintech.com

https://ipostatus.kfintech.com/