SME

IPO ·

BSE SME

Fractal Industries Ltd

Listed

Fractal Industries is a full-service garment manufacturing and supply chain company.

Issue details

Price band

₹205 – ₹216

Face value

₹10

Lot size

600 shares

Minimum investment

₹2,59,200

Issue size

₹49.00 Cr

Fresh issue

₹46.54 Cr

Offer for sale

—

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

16 Feb 2026

Closes

18 Feb 2026

UPI mandate cut-off

5:00 PM on 18 Feb 2026

Allotment

20 Feb 2026

Refunds

23 Feb 2026

Shares in demat

23 Feb 2026

Listing

24 Feb 2026

Subscription and listing

Subscription

4.08x

Listing price

₹229

Registrar

Kfin Technologies Ltd

Lead manager

Finaax Capital Advisors

Subscription by category

Total

4.08x

Total applications

3,224

Anchor investors

Amount raised

₹13.93 Cr

Bid date

13 Feb 2026

50% lock-in ends

22 Mar 2026

Rest lock-in ends

21 May 2026

Listing day

Issue price

₹216

Open

₹229.00

High

₹229.00

Low

₹217.55

Day close

₹217.55

Listing gain at open

+6.02%

Issue structure

Shares reserved per category and share of the total issue

QIB Shares Offered

10,75,800

47.42%

Anchor Investor Shares Offered

6,45,000

28.43%

QIB (Ex. Anchor) Shares Offered

4,30,800

18.99%

NII Shares Offered

3,24,000

14.28%

bNII > ₹10L

2,16,000

9.52%

sNII < ₹10L

1,08,000

4.76%

Retail Shares Offered

7,54,800

33.27%

Market Maker Shares Offered

1,14,000

5.03%

Total Shares Offered

22,68,600

100.00%

Finaccle’s quick read

Apply

FY25 income up 71%, PAT up 232%, ROE 34.52%, D/E 1.04, post-issue P/E 12.5x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

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.

Promoters

Pankaj

Pankaj

Promoter holding

97.15% pre-issue; 69.07% post-issue

97.15% pre-issue; 69.07% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

Sep 2025

Sep 2025

47.33

47.33

9.29

6.78

6.78

23.59

24.63

24.63

62.03

FY25

FY25

85.51

85.51

11.15

7.54

7.54

15.70

27.61

27.61

51.42

FY24

FY24

50.01

50.01

4.05

2.27

2.27

8.16

21.88

21.88

42.27

FY23

FY23

88.91

88.91

4.13

2.66

2.66

5.89

14.05

14.05

41.21

ROE

34.52%

ROCE

18.99%

Debt / equity

1.04

PAT margin

14.34%

P/E post issue

12.5

Market cap

₹169.54 Cr

Use of IPO money

Funding working capital requirements of the Company

₹36.50 Cr

General Corporate Purposes

₹7.35 Cr

Issue Expenses

₹5.15 Cr

Strengths

✓

Revenue up 71% in FY25 to ₹85.51 Cr

✓

PAT up 232% in FY25 to ₹7.54 Cr

✓

PAT margin of 14.34%

✓

ROE of 34.52% and ROCE of 18.99%

Risks to watch

!

SME platform: large lot size and thinner trading liquidity

!

Debt to equity of 1.04

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.