Fractal Industries SME IPO
Fractal Industries IPO — date, price band, GMP & allotment 2026
Fractal Industries Ltd. is a full-service garment manufacturing and technology-driven supply chain management company with a Pan-India presence. It began by manufacturing garments primarily for e-commerce platforms like Myntra and gradually expanded to serve others such as Ajio, building a robust operation over the years with facilities across multiple states. The company has grown its production capacity to over 300,000 garment units monthly at its Mumbai manufacturing facility, supported by warehouses in Gujarat, Maharashtra, Haryana, West Bengal, and Karnataka Fractal Industries specializes in designing, sourcing, and producing high-quality, fast-moving apparel tailored for online marketplaces, alongside end-to-end warehousing, fulfillment, and supply chain solutions. Its business model includes wholesale garment sales to platforms like Myntra and Flipkart, the PPMP (Pure Play Marketplace) model where it handles design-to-delivery for marketplace brands, and direct sales through its own apparel line '7ate9' launched in 2025. Additional services cover product and order management, inventory handling, integrated logistics, data analytics, multi-channel sales support, and order anomaly detection, enabling rapid order dispatch within 48 hours.
Stock price
Fractal Industries 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 15 September.
- Open 16 Feb 2026
- Close 18 Feb 2026
- Allotment 20 Feb 2026
- Refund/credit 20 Feb 2026
- Listing 24 Feb 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 16 to 18 Feb, 2026 |
|---|---|
| Price Band | ₹205 – ₹216 |
| Face Value | ₹10 |
| Lot Size | 600 Shares |
| Issue Size | ₹49 Cr. Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 2,59,200 |
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 600 shares at the ₹216 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 1,200 | ₹2,59,200 |
| Retail (max) | 2 | 1,200 | ₹2,59,200 |
| HNI (min) | 3 | 1,800 | ₹3,88,800 |
Three years of numbers
All figures in ₹ crore, as reported in the Fractal Industries offer document.
| Metric | 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 |
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 Fractal Industries RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Fractal Industries IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹17.28 |
| P/E Ratio (x) | 12.50 |
| Market Cap at Offer Price (₹ Cr) | ₹84.75 |
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 ₹216 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
₹36.50 Cr of the issue is earmarked to named objects.
About the company
The company offers a diverse portfolio of products and services catering to industrial and commercial applications, with an emphasis on customised solutions. Its business model is primarily B2B, where it works closely with clients to understand specific needs and deliver value-driven offerings. Fractal Industries generates revenue through direct sales and long-term client relationships, with a growing presence across domestic markets and gradual expansion into new regions.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 22-2852 8352
The bankers & the filings
Who is running the book, and the documents this page is built from.
Company contact
Frequently asked
What is the GMP of Fractal Industries?
The current Grey Market Premium is ₹5, or 2% over the issue price.
What is the Fractal Industries IPO price band?
₹205 to ₹216, on a face value of ₹10.
When is the allotment?
The basis of allotment is 20 February 2026, with listing on 24 February 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies 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.
