
Fractal Industries Limited is an integrated apparel business that designs, sources, and manufactures garments, while also providing technology-driven, end-to-end warehousing and supply chain services for major e-commerce platforms like Myntra and Ajio. With a pan-India presence, the company operates a manufacturing unit in Mumbai and warehouses in Gujarat, Maharashtra, Haryana, West Bengal, and Karnataka. It has a monthly production capacity of over 3,00,000 garment units and offers value-added services such as data analytics, order management, and multi-channel sales enablement to help brands accelerate their speed-to-market and enhance customer satisfaction.
Feb 16, 2026
Feb 18, 2026
Feb 23, 2026
SME
Closed
49 Cr
49 Cr
0 Cr
₹205 - ₹216
600
The main objectives of the issue are to utilize the net proceeds for the following purposes:
Funding working capital requirements up to ₹3,650.00 crores to support increased order volumes, manage high inventory levels due to the PPMP model, finance debtors, make advance payments to suppliers, and cover security deposits.
Funding general corporate purposes, which may include strategic initiatives, brand building, marketing activities, meeting operating expenses, repayment of borrowings, and other exigencies, with the amount not exceeding 15% of the gross proceeds or ₹10 crores, whichever is lower.
15.99
13.51
34.52%
18.99%
28.74%
—
14.34%
19.63%
7.57
Strong partnerships with leading e-commerce brands like Myntra and Ajio, ensuring a steady stream of business.
Robust manufacturing capacity of over 3,00,000 garment units per month and a scalable logistics network handling thousands of daily shipments.
Launch of proprietary brands like '7ate9', which helps in diversifying revenue streams and capturing higher margins.
Extensive experience in quality manufacturing, adhering to U.S. A.Q.L. standards with a dedicated quality assurance team.
Heavy reliance on a few key clients like Myntra for a significant portion of revenue, creating concentration risk.
High working capital dependency due to long payment cycles from e-commerce platforms, including bi-weekly settlements and commission deductions.
Primary focus on Tier-1 markets, potentially limiting penetration in rapidly growing Tier-2 and Tier-3 cities.
Dependence on a limited number of suppliers for procuring raw materials, which could impact business operations if key suppliers are lost.
The rapid growth of the Indian e-commerce market, particularly in online fashion retail among younger demographics.
Rising consumer demand for fast fashion, sustainable apparel, and ethically sourced products, offering scope for brand differentiation.
Government support through initiatives like PLI schemes, PM MITRA textile parks, and 'Make in India' to boost domestic manufacturing.
Expansion of the company's proprietary brands to create higher-margin, direct-to-consumer revenue streams.
Intense competition from large domestic and international garment manufacturers and specialized e-commerce logistics providers.
Volatility in the prices of raw materials such as cotton and other fabrics, which can impact manufacturing costs and profit margins.
Fast-changing fashion trends and consumer preferences pose significant inventory management and product design risks.
Heavy dependence on e-commerce platforms for brand visibility and sales; any negative perception or delisting could severely impact revenue.
Fractal Industries Limited is an integrated apparel business that designs, sources, and manufactures garments, while also providing technology-driven, end-to-end warehousing and supply chain services for major e-commerce platforms like Myntra and Ajio. With a pan-India presence, the company operates a manufacturing unit in Mumbai and warehouses in Gujarat, Maharashtra, Haryana, West Bengal, and Karnataka. It has a monthly production capacity of over 3,00,000 garment units and offers value-added services such as data analytics, order management, and multi-channel sales enablement to help brands accelerate their speed-to-market and enhance customer satisfaction.
The Fractal Industries Ltd. IPO is scheduled to open for subscription on Feb 16, 2026 and close on Feb 18, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Fractal Industries Ltd. IPO is ₹205 to ₹216. Investors can place bids within this range once the issue opens.
The minimum lot size for the Fractal Industries Ltd. IPO is 600 shares. The minimum investment amount ₹1,29,600.
The total issue size of the Fractal Industries Ltd. IPO is approximately ₹49.00. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Fractal Industries Ltd. IPO has been subscribed 2.09 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Fractal Industries Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Fractal Industries Ltd. are expected to list on stock exchanges on Feb 23, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Fractal Industries Ltd. IPO are proposed to be used for The main objectives of the issue are to utilize the net proceeds for the following purposes:, Funding working capital requirements up to ₹3,650.00 crores to support increased order volumes, manage high inventory levels due to the PPMP model, finance debtors, make advance payments to suppliers, and cover security deposits., Funding general corporate purposes, which may include strategic initiatives, brand building, marketing activities, meeting operating expenses, repayment of borrowings, and other exigencies, with the amount not exceeding 15% of the gross proceeds or ₹10 crores, whichever is lower.
Before applying for the Fractal Industries Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.