IPO Issue Details
Issue Price / Price Band₹216 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size22,68,600 shares (agg. up to ₹49 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 16 Feb 2026
Subscription CloseWed, 18 Feb 2026
Anchor AllotmentSun, 15 Feb 2026
Basis of AllotmentThu, 19 Feb 2026
Initiation of RefundsFri, 20 Feb 2026
Credit of Shares to DematFri, 20 Feb 2026
Listing DateMon, 23 Feb 2026
UPI Mandate Deadline5:00 PM on 18 Feb 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,59,200 — 1,200 shares
Retail — Max (13 Lots)₹1,684,800 (13 Lots)
HNI — Min (3 Lots)₹3,88,800 — 1,800 shares
EPS (Pre-IPO)₹13.51
EPS (Post-IPO)₹17.28
P/E Ratio (Pre-IPO)15.99x
P/E Ratio (Post-IPO)12.5x
Net Offer to Public21,54,600 shares (agg. up to ₹47 Cr)
Reserved for Market Maker1,14,000 shares (agg. up to ₹2 Cr)
Pre-IPO Promoter Holding55,80,267 shares
Post-IPO Promoter Holding78,48,867 shares
About Fractal Industries Ltd
Fractal Industries is a full-service garment manufacturing and supply chain company. The company designs, source, and manufacture garments, and provide end-to-end warehousing and logistics services to e-commerce platforms like Myntra, Ajio, and Flipkart.The company operate across India and focus on producing fast-moving, high-quality apparel for online marketplaces. It also offer support services such as Product & order management, Inventory and return handling, Integrated logistics, Data analytics, Multi-channel sales support, and Order anomaly detection.Business Models:Outright Sale of GarmentsThe company manufactures garments and sell them in bulk to e-commerce platforms like Myntra or Flipkart. Once sold, the platform owns the products and handles sales to customers. The platform handles warehousing, order delivery, and returns.PPMP Model (Pure Play Marketplace)It design and manufacture garments under the marketplace’s brand name (e.g., Myntra’s in-house labels). The company handle everything — from forecasting and manufacturing to warehousing and delivery. Orders are shipped within 48 hours and follow the platform’s packaging and shipping guidelines.Direct Sale – Own Brand ManufacturingThe company have launched its own apparel brand “7ate9”(from May 26, 2025). Under this model, it will sell directly to customers through e-commerce platforms, manage own inventory, and handle all aspects of order fulfillment and customer service.It has a manufacturing facility in Mumbai with a monthly production capacity of over 3,00,000 garments and also has warehouses in Gujarat, Maharashtra, Haryana, West Bengal, and Karnataka.Competitive Strengths:Experienced Promoters and Senior Management TeamTechnologically Advanced and Integrated Warehouse Management System (WMS)Expertise in Apparel Reverse Logistics (Returns Management)Quality Control and Inspection
Objects of the Issue
Fractal Industries Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding working capital requirements
36.50
2
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
55,80,267 shares
Post-IPO Promoter Holding
78,48,867 shares