Fractal Industries was incorporated on January 9, 2020. The company designs and manufactures garments while providing end-to-end e-commerce supply chain solutions across India. Serving marketplaces like Myntra and Ajio, it manages over 3 lakh units monthly with integrated logistics, warehousing, and technology-driven operations
| Bidding Dates |
|---|
| 16 Feb 2026 - 18 Feb 2026 |
| Subscription |
|---|
| 5.13x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,46,000 | 2 | 2 | 600 | 2.3 M | ₹205 - ₹216 | 69.07 % | ₹465.1 M - ₹490.0 M | RHP DOC |
Fractal Industries IPO SUBSCRIPTION STATUS
18 Feb '26Fractal Industries IPO overall subscription rate was 5.13 times the total available shares
Fractal Industries IPO retail subscription rate was 5.43 times in the retail segment
Fractal Industries IPO non-institutional investor subscription rate was 11 times in the non-institutional investor category
Fractal Industries IPO Qualified Institutional Bidder subscription rate was 3.16 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
18 Feb 2026 (Day 3) | 5.43x | 11x | 3.16x |
17 Feb 2026 (Day 2) | 1.09x | 2.11x | 2.63x |
16 Feb 2026 (Day 1) | 0.3x | 0.94x | 2.57x |
Fractal Industries FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 6MFY26 | 47.3 | 6.8 | 3.1 | 2.9 | 19.6% |
| FY25 | 85.4 | 7.5 | -3.5 | -4.0 | 13.0% |
| FY24 | 49.9 | 2.3 | -10.0 | -10.1 | 8.1% |
| FY23 | 88.9 | 2.7 | 8.0 | 7.2 | 4.7% |
Fractal Industries IPO SUBSCRIPTION STATUS DETAILS
Fractal Industries had 2.3 M shares on offer
Fractal Industries IPO offer price was in the range ₹205 - ₹216
Fractal Industries IPO minimum Investment was ₹246000
Fractal Industries IPO issue size was ₹ 465.1 M - ₹ 490.0 M
Fractal Industries had a minimum lot size of 600 Shares per application
Fractal Industries NUMBER OF SHARES ON OFFER
Fractal Industries IPO IMPORTANT DATES
| Issue Open Date | 16 Feb 2026 |
| Issue close Date | 18 Feb 2026 |
| Allotment Date | 19 Feb 2026 |
| Refund Date | 20 Feb 2026 |
| Demat Account Credit Date | 20 Feb 2026 |
| Listing Date | 24 Feb 2026 |
| Listing on Exchange(s) | BSE |
| Fractal Industries Allotment Status | Exchange/ Registrar |
Fractal Industries IPO subscription opened on 16 Feb 2026, and closed on 18 Feb 2026
IPO allotment for Fractal Industries was finalized on Thursday, 19 Feb 2026
IPO listing for Fractal Industries was on BSE on Tuesday, 24 Feb 2026
Fractal Industries IPO LISTING GAINS
| Issue Price (adjusted) | 216.0 |
| Listing Open Price | 229.0 |
| Listing Close Price | 217.6 |
| Listing Gain% | 6.0% |
| Current Gain% | -0.3% |
Fractal Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fractal Industries Ltd. | 215.3 | 169 | 13.1 | 0.2 | 1.9 | 17.5 | 13.1 | 90.1 | 5.3 | 12.9 | 71.6 | 16.4 | 71.6 |
| Lenskart Solutions Ltd. | 569.7 | 99054.9 | 200.7 | 11.2 | 5.6 | 3.4 | 8988.3 | 28.2 | 493.6 | 67 | 2.8 | ||
| Page Industries Ltd. | 39900 | 44504.1 | 58.3 | 12.2 | 8.5 | 50.8 | 26.7 | 5310.7 | 6.3 | 763.8 | 4.8 | 684.8 | 4.8 |
| Pearl Global Industries Ltd. | 2464.1 | 11381.8 | 36.7 | 1.5 | 2.1 | 19 | 8.6 | 5061.7 | 11.5 | 277.7 | 11.8 | 67.2 | 23.7 |
| Safari Industries (India) Ltd. | 1486.6 | 7267.4 | 44 | 4.1 | 3.4 | 15 | 11.6 | 2071.8 | 15.1 | 167.8 | 17.5 | 33.8 | 10.9 |
| Arvind Fashions Ltd. | 458.8 | 6132.7 | 51.3 | 0.1 | 1.1 | 13 | 2.9 | 5307 | 14 | 122.6 | 444.6 | 8.9 | 591.7 |
Fractal Industries INFORMATION ON IPO ISSUE
About Fractal Industries
Fractal Industries was incorporated on January 9, 2020. The company designs and manufactures garments while providing end-to-end e-commerce supply chain solutions across India. Serving marketplaces like Myntra and Ajio, it manages over 3 lakh units monthly with integrated logistics, warehousing, and technology-driven operations
Object of the Issue
- Funding working capital requirements
- General Corporate Purpose
Fractal Industries - PROMOTERS
| Name |
|---|
| Pankaj Bishwanath Agrawal |
| Priti Pankaj Agrawal |
Fractal Industries - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Pankaj Bishwanath Agrawal | Chairman and Managing Director |
| Vikas Tekriwal | Executive Director |
| Shiv Kumar Mittal | Non- Executive Director |
| Vipul Ratan | Independent Director |
| Neha Yogesh Khemka | Independent Director |
Fractal Industries Book Running Lead Manager
Finaax Capital Advisors Private Limited
info@finaaxcapital.com
Fractal Industries Registrar to the issue
Kfin Technologies Limited
fractal.ipo@kfintech.com
Fractal Industries Strengths
Inventory management
The company uses an advanced Warehouse Management System (WMS) to track inventory in real time, from raw materials to finished goods. It automates key processes like checking, storing, picking, and packing, which reduces mistakes, avoids stockouts, and speeds up order delivery
Returns handling
The company excels in managing apparel reverse logistics, efficiently handling high return rates typical in e-commerce. Returned items undergo rigorous inspection, grading, and, where possible, refurbishment through steaming, pressing, stain removal, and minor repairs. This process maximizes the value recovery of returned products and ensures saleable items are ready for resale
Quality assurance
The company maintains robust Quality Control systems across all stages of garment production and warehouse management. Raw materials such as fabrics, trims, and accessories are inspected for defects, colourfastness, shrinkage, and compliance with buyer specifications
Fractal Industries Risks
Customer concentration
The company relies on a limited number of customers for a significant portion of its revenue. Loss of any major customer could reduce sales and profitability. While the company maintains strong relationships and adds new customers regularly, there is no guarantee that these relationships will continue
Marketplace dependence
The company depends heavily on online marketplaces and efficient warehouse management for order fulfilment. Any disruptions, policy changes, or inefficiencies in these platforms or warehouse operations could delay deliveries, increase returns, reduce sales, and negatively impact financial performance
Cybersecurity risks
The company’s warehouse and supply chain operations rely on digital systems and data networks. Cyberattacks, data breaches, system failures, or third-party security lapses could compromise operational data, disrupt processes, lead to financial loss, harm reputation, or result in regulatory penalties
IPO FAQs
The promoters of the company are Pankaj Bishwanath Agrawal and Priti Pankaj Agrawal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 205.0 - 216.0.
The IPO application opens on Feb 16, 2026 and closes on Feb 18, 2026.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 246,000.0, the maximum value for this IPO is Rs 259,200.0.
This IPO will be allotted on Feb 19, 2026.
The refund will be credited to your account on Feb 20, 2026.
The allotted shares will be credited to your demat on Feb 20, 2026.
Fractal Industries Ltd.’s shares listed on the stock exchanges on Feb 24, 2026.