Fascinate Textiles SME IPO
Fascinate Textiles IPO — date, price band, GMP & allotment 2026
Fascinate Textiles Limited makes ready made garments for men, women and children, with its main focus on children's clothing. It runs its own ISO 9001:2015 certified factory at Barasat in North 24 Parganas, West Bengal, making t-shirts, joggers, leggings and infant wear.
Stock price
Fascinate Textiles is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 25 September.
- Open 11 Aug 2026
- Close 19 Aug 2026
- Allotment 20 Aug 2026
- Refund/credit 17 Aug 2026
- Listing 24 Aug 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 11 to 19 Aug, 2026 |
|---|---|
| Price Band | ₹142 – ₹151 |
| Face Value | ₹10 |
| Lot Size | 800 Shares |
| Issue Size | ₹64.83 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | NSE SME |
| Registrar | Cameo Corporate Services Limited |
| Min Investment | ₹ 2,41,600 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 800 shares at the ₹151 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 1,600 | ₹2,41,600 |
| Retail (max) | 2 | 1,600 | ₹2,41,600 |
| HNI (min) | 3 | 2,400 | ₹3,62,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 8
- 01Sales have grown very fast. Total income went from Rs 28.90 crore in FY2024 to Rs 60.28 crore in FY2025 and Rs 117.23 crore in FY2026, which is four times in two years.
- 02Profit after tax improved from Rs 0.48 crore in FY2024 to Rs 5.81 crore in FY2025 and Rs 15.07 crore in FY2026.
- 03EBITDA grew from Rs 1.68 crore in FY2024 to Rs 24.15 crore in FY2026, and the operating margin improved along with the size.
- 04Net worth went up from Rs 4.45 crore in FY2024 to Rs 31.44 crore in FY2026.
- 05The company has its own factory instead of getting everything made outside, which gives better control on quality and delivery time.
- 06Children's wear is a repeat purchase segment because children outgrow clothes quickly, so demand is steady through the year.
- 07Rs 12.40 crore of the issue money is for a new manufacturing facility and Rs 19.03 crore is for working capital, so most of it goes into growing the business.
- 08The company holds an ISO 9001:2015 certificate for its quality management system.
Risks · 8
- 01The growth is from a very small base and is extremely fast. Profit went from Rs 0.48 crore to Rs 15.07 crore in just two years, and such a rate of growth is difficult to keep up.
- 02The company is young. It was started only in February 2017, so it has not yet been tested through a full slowdown.
- 03Borrowing rose from Rs 18.21 crore to Rs 26.02 crore, which is high against a net worth of Rs 31.44 crore.
- 04Garment manufacturing is a low entry barrier business with very heavy competition, including from unorganised players who work at lower cost.
- 05All production is at one facility in Barasat, West Bengal. Any problem at that single location will stop the whole business.
- 06More than half the workforce is on contract, 148 out of 254, so labour availability during peak season is a risk.
- 07Cotton and yarn prices keep changing and the company will not always be able to pass on a sharp rise to buyers.
- 08This is an SME issue. One lot is 800 shares, which is about Rs 1.25 lakh at the upper band of Rs 156, and SME shares usually trade in low volume after listing.
Three years of numbers
All figures in ₹ crore, as reported in the Fascinate Textiles offer document.
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 92.75 | 42.26 | 25.45 |
| Total Income | 117.23 | 60.28 | 28.90 |
| Profit After Tax | 15.07 | 5.81 | 0.48 |
| EBITDA | 24.15 | 10.01 | 1.68 |
| NET Worth | 31.44 | 10.45 | 4.45 |
| Reserves and Surplus | 21.14 | 9.04 | 3.05 |
| Total Borrowing | 26.02 | 18.21 | 12.33 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Fascinate Textiles RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Fascinate Textiles IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹10.95 |
| P/E Ratio (x) | 13.79 |
| Market Cap at Offer Price (₹ Cr) | ₹207.81 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹151 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹34.11 Cr of the issue is earmarked to named objects.
About the company
Its products include t-shirts, joggers, vests, leggings, shorts and infant wear made for different age groups and price segments. The product range is divided into infant wear, kids wear, women's wear and men's wear.
The company has its own factory at Barasat in North 24 Parganas, West Bengal, where all the main production work is done. It holds an ISO 9001:2015 certificate for quality management. As on 31 March 2026 it had 254 people working with it, of which 106 were permanent employees and 148 were on contract.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 82403-01827
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Affinity Global Capital Market Private Limited
1 issue handled1 of their issues has listed so far, and 0 opened above the issue price (average 0%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Fascinate Textiles?
The current Grey Market Premium is ₹0.
What is the Fascinate Textiles IPO price band?
₹142 to ₹151, on a face value of ₹10.
When is the allotment?
The basis of allotment is 20 August 2026, with listing on 24 August 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Cameo Corporate Services Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
