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FI

Fractal Industries

Listed SME BSE SME · Garments & Apparels

Price Band

₹205.0–216.0

Issue Size

₹49.0 Cr

Lot Size

600 shares

Min Investment

₹259,200

GMP

+₹8.0 (3.7%)

Issue Price

₹216.0

calendar_month Important Dates

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IPO Open Date
Mon, 16 Feb 2026
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IPO Close Date
Wed, 18 Feb 2026
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Allotment Date
Fri, 20 Feb 2026
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Refund Initiation
Mon, 23 Feb 2026
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Credit of Shares
Sat, 21 Feb 2026
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Listing Date
Tue, 24 Feb 2026
Listing Price
₹224.0 +3.7%

bar_chart Subscription Status

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Subscription data unavailable

trending_up Grey Market Premium (GMP)

GMP

+₹8.0

GMP %

+3.7%

Est. Listing

₹224.0

schedule Updated: 14 Jul 2026 15:52

business About the Company

Fractal Industries is engaged in designing, sourcing, and manufacturing garments and providing end-to-end warehousing and supply chain services for e-commerce platforms such as Myntra, Ajio, and similar marketplaces. The company has a Pan-India presence and focuses on fast-moving, high-quality apparel for online marketplaces. The company offers integrated services covering design-to-delivery manufacturing, scalable production, strict quality control, and technology-driven supply chain management. These services help brands and private labels launch products faster, reduce costs, and improve customer satisfaction. The company started its operations by manufacturing garments for Myntra and gradually expanded to serve other marketplaces. The company has a monthly production capacity of over 3,00,000 garments. Its manufacturing unit is located in Mumbai, and warehouses are spread across Gujarat, Maharashtra, Haryana, West Bengal, and Karnataka. It also provides value-added services, including Product Management Systems, Data Analytics, Logistics Management, Order and Inventory Management, Returns Management, and Multi-Channel Sales support. Business Models 1. Outright Sale of Garments: Under this model, the Company manufactures garments and sells them directly to e-commerce platforms at a fixed wholesale price. Once delivered, ownership of the goods transfers to the platform, which manages warehousing, sales, marketing, and customer delivery. The Company’s involvement ends after sale, except for quality-related issues or returns. 2. PPMP Model (Pure Play Market Place): In this model, the Company designs, manufactures, and sells garments under brands owned by e-commerce platforms. The Company manages demand forecasting, inventory, warehousing, and order fulfillment, while the platform charges a commission on sales. Orders are processed through Company-owned, tech-enabled warehouses integrated with the marketplace’s systems to ensure fast delivery and real-time inventory tracking. 3. Direct Sale of Garments (Own Brand): The Company manufactures and sells garments under its own brand through online marketplaces. The Company manages inventory, packaging, shipping, delivery, and returns. The Company launched its own brand, “7ate9,” on May 26, 2025, and commercial sales are expected to begin in FY 2025–26.

payments Company Financials (₹ Cr)

As of 2025-09-30

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 62.03 51.42 42.27 41.21
Total Income 47.33 85.51 50.01 88.91
Profit After Tax 6.78 7.54 2.27 2.66
EBITDA 9.29 11.15 4.05 4.13
NET Worth 23.59 15.70 8.16 5.89
Reserves and Surplus 18.01 15.20 7.66 5.39
Total Borrowing 24.63 27.61 21.88 14.05

Key Ratios

EPS

₹13.51

NAV

₹28.54

ROE

63.20%

ROCE

25.07%

RoNW

48.02%

P/B Value

7.57

P/E Ratio

15.99

Market Cap

₹169.54 Cr

PAT Margin

8.82%

Debt/Equity

1.76

Promoters

Pankaj Bishwanath Agrawal and Priti Pankaj Agrawal

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding working capital requirements of the Company 36.50 2 General Corporate Purposes 7.35 3 Issue Expenses 5.15 Total 49.00

info Issue Details

Issue Type SME Book Built
Issue Size ₹49.0 Cr
Price Band ₹205.0 – ₹216.0
Issue Price ₹216.0
Lot Size 600 shares
Min Investment ₹259,200
Exchange BSE SME
Sector Garments & Apparels
Open Date 16 Feb 2026
Close Date 18 Feb 2026
Allotment 20 Feb 2026
Listing Date 24 Feb 2026

pie_chart Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

domain Kfin Technologies Ltd.

Lead Managers / Book Running

account_balance Finaax Capital Advisors Pvt.Ltd.

timeline IPO Timeline

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Open

16 Feb 2026

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Close

18 Feb 2026

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Allotment

20 Feb 2026

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Listing

24 Feb 2026

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