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Fractal Industries IPO
Price Band
₹205.0–216.0
Issue Size
₹49.0 Cr
Lot Size
600 shares
Min Investment
₹259,200
2 LOTS MIN
GMP
+₹8.0 (3.7%)
Issue Price
₹216.0
Fractal Industries IPO AI Summary
- Fractal Industries IPO is listed on BSE SME in the Garments & Apparels sector.
- Price band: ₹205.0–₹216.0 per share, lot size 600 shares (min. investment ₹259,200, 2 lots minimum).
- Subscription window: 16 Feb–18 Feb 2026, listing on 24 Feb 2026.
- Current GMP is +₹8.0 (3.7%), an estimated listing price of ₹224 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Fractal Industries IPO Grey Market Premium (GMP) Today
GMP
+₹8.0
GMP %
+3.7%
Est. Listing
₹224.0
Updated: 14 Jul 2026 15:52
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.
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹88.91 Cr in the year ending 31 Mar 2023, decreasing to ₹50.01 Cr by 31 Mar 2024. Revenue then rose to ₹85.51 Cr in the year ending 31 Mar 2025, before dropping to ₹47.33 Cr by 30 Sep 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹2.66 Cr in the year ending 31 Mar 2023, increasing to ₹2.27 Cr by 31 Mar 2024. It then rose to ₹7.54 Cr in the year ending 31 Mar 2025, before dropping to ₹6.78 Cr by 30 Sep 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the price at which an IPO is expected to list in the stock market, based on unofficial trading before the actual listing. A positive GMP indicates that the IPO is likely to list at a higher price than the issue price, while a negative GMP suggests the opposite. Investors often look at GMP as an indicator of demand for the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as market conditions and the company's growth potential.
Who May Want to Wait
Investors who are risk-averse or prefer stable investments may want to avoid IPOs like this, as they can be subject to significant price fluctuations and uncertainties in the initial trading period.
Listing Gains — The Risk
Listing gains refer to the potential profit that investors can make when a stock lists at a higher price than its issue price on the stock exchange. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing. Investors should be aware that while listing gains can be attractive, they come with risks, including the possibility of the stock price declining after the initial listing.
This evaluation is generated from Fractal Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Fractal Industries IPO GMP today?
Fractal Industries IPO GMP today is +₹8.0 (3.7%), indicating an estimated listing price of ₹224. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Fractal Industries IPO?
The price band of Fractal Industries IPO is ₹205.0–₹216.0 per share.
When does Fractal Industries IPO open and close?
Fractal Industries IPO opens on 16 February 2026 and closes on 18 February 2026.
When does Fractal Industries IPO list on the stock exchange?
Fractal Industries IPO listed on 24 February 2026 at ₹224.0.
What is the lot size for Fractal Industries IPO?
The lot size for Fractal Industries IPO is 600 shares, requiring a minimum investment of ₹259,200 (2 lots).
What is the issue price of Fractal Industries IPO?
The issue price is ₹216.0.
What is the minimum investment required for this IPO?
The minimum investment required is ₹259,200.
What is the lot size for the Fractal Industries IPO?
The lot size is 600 shares.
When does the IPO open and close?
The IPO opens on 16 February 2026 and closes on 18 February 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
16 Feb 2026
Close
18 Feb 2026
Allotment
20 Feb 2026
Listing
24 Feb 2026
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