Fascinate Textiles IPO GMP today is TBA. Investors can use this GMP along with price band and subscription status for a better IPO review.
Closed
SME IPO
FASCINATE
Fascinate Textiles IPO GMP, Subscription & Allotment Status Today
Fascinate Textiles Limited is a West Bengal-based company engaged in the manufacturing of readymade garments. Its diverse product portfolio covers menswear, womenswear, and childrenswear, with a significant focus on clothing for children. The product range includes t-shirts, joggers, vests, leggings, shorts, and infant wear, catering to various age groups. The company’s revenue is generated through the sale of these garments to large-format retailers and wholesalers in the local market. Its manufacturing process involves procuring yarn, which is outsourced for knitting and dyeing, followed by in-house operations such as cutting, printing, stitching, and finishing at its Barasat facility. The company develops samples from its own designs and in response to buyer requirements, and its operations are ISO 9001:2015 certified for quality management systems.
- Price Band
- ₹148.00 - ₹156.00
- Lot Size
- 800 Shares
- Bidding Closes
- 13 Aug 2026
- Listing Date
- 18 Aug 2026
Current GMP Status
-
GMP update awaited
Est. Listing Gain
TBA
Last Trend
TBA
Listing Price
TBA
Retail Entry
₹2,49,600
IPO Details
Complete IPO information
| Current GMP | - |
|---|---|
| Estimated Listing Gain | TBA |
| Price Band | ₹148.00 - ₹156.00 |
| Issue Price | Approx ₹156.00 Crores |
| Listing Price | TBA |
| Lot Size | 800 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE SME |
| Retail Quota | TBA |
| Overall Subscription | 1.52x |
| Listing Date | 18 Aug 2026 |
| Minimum Investment | ₹2,49,600 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 0.43 | 9.82 | 22.83x |
| NII | 16.16 | 19.33 | 1.19x |
| Retail | 24.19 | 33.23 | 1.37x |
| Overall Subscription | 40.78 | 62.39 | 1.52x |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Fascinate Textiles is priced at ₹156 per share. With a minimum lot size of 800 shares, a retail investor applying for one lot would need approximately ₹2,49,600 to participate in this SME issue.
As of the latest update, Fascinate Textiles's IPO was subscribed 1.52x overall, with a category-wise breakdown of Retail 1.37x, QIB 22.83x, NII 1.19x.
Among the strengths highlighted in Fascinate Textiles's IPO documents: Integrated manufacturing capability with key operations managed in-house for quality and timeline control.; Versatile product portfolio across menswear, womenswear, and childrenswear with customization capabilities..
Investors should also weigh the risk factors Fascinate Textiles has disclosed, including: Concentration of all manufacturing operations in a single facility located at Barasat, West Bengal..
A share of Fascinate Textiles's issue proceeds is earmarked for Repayment Of Borrowings: 2.68 (4.97%).
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
11 Aug 2026
✓
Bidding Closes
13 Aug 2026
03
Allotment Next
14 Aug 2026
04
Listing
18 Aug 2026
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 1,600 | ₹2,49,600 |
| Retail Maximum | 2 Lot | 1,600 | ₹2,49,600 |
| S-HNI Minimum | 3 Lot | 2,400 | ₹3,74,400 |
| S-HNI Maximum | 8 Lot | 6,400 | ₹9,98,400 |
| B-HNI Minimum | 9 Lot | 7,200 | ₹11,23,200 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Repayment Of Borrowings 2.68 (4.97%)
- General Corporate Purpose 19.83 (36.76%)
Issue Notes
Important takeaways before applying
Strengths
- Integrated manufacturing capability with key operations managed in-house for quality and timeline control.
- Versatile product portfolio across menswear, womenswear, and childrenswear with customization capabilities.
- Structured, multi-stage quality control framework managed by a third-party partner at every production stage.
- Order-driven production model that minimizes unsold inventory risks and overproduction.
- Strategic locational advantage in West Bengal with access to skilled local labor and Kolkata’s transport networks.
Risks
- Concentration of all manufacturing operations in a single facility located at Barasat, West Bengal.
- Vulnerability of production schedules to any breakdown, obsolescence, or damage of specialized machinery.
- High concentration of revenue from West Bengal and Karnataka with limited geographical diversification.
- Significant dependency on the continuous leadership, industry expertise, and majority ownership of its promoters.
- Substantial working capital requirements with no alternative funding arrangements established.
Analysis
Fascinate Textiles IPO Details
The Fascinate Textiles IPO is a Book Built Issue with a total issue size of approximately ₹67 crores. The IPO comprises a fresh issue of approximately ₹53.94 crores along with an Offer for Sale (OFS) of approximately 8,36,000 equity shares by existing shareholders.
The IPO will open for subscription on August 11, 2026 and close on August 13, 2026. Fascinate Textiles has fixed the IPO price band at ₹148 to ₹156 per equity share, with a face value of ₹10 per share. The company's equity shares are proposed to be listed on the NSE SME platform.
| Particular | Details |
|---|---|
| IPO Open Date | August 11, 2026 |
| IPO Close Date | August 13, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹148 to ₹156 Per Share |
| Issue Size | Approx ₹67 Crores |
| Fresh Issue | Approx ₹53.94 Crores |
| Offer for Sale (OFS) | Approx 8,36,000 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | NSE SME |
Analysis
Fascinate Textiles IPO Reservation
The Fascinate Textiles IPO has allocated shares across different investor categories, including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs). The reservation structure determines the portion of the IPO available for subscription by each category of investors.
As per the issue structure, 43,200 equity shares are offered to QIBs excluding anchor investors, while 16,16,000 shares are offered to Non-Institutional Investors. Retail investors have been allocated 24,19,200 shares, representing 56.34% of the issue.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| Qualified Institutional Buyers (QIB) (Excluding Anchor) | 43,200 Shares | -% |
| Non-Institutional Investors (NII) | 16,16,000 Shares | 37.64% |
| Retail Individual Investors (RII) | 24,19,200 Shares | 56.34% |
Note: The above reservation details are based on the proposed IPO allocation. The final allotment of shares will depend on subscription levels and the basis of allotment finalized after the issue closes.
Analysis
Fascinate Textiles IPO Dates
The Fascinate Textiles IPO will open for subscription on August 11, 2026 and close on August 13, 2026. The basis of allotment is scheduled to be finalized on August 14, 2026, following the completion of the IPO subscription period.
Refunds for unsuccessful applicants are expected to be initiated on August 17, 2026. On the same day, equity shares are expected to be credited to the demat accounts of successful applicants. Fascinate Textiles shares are proposed to be listed on the NSE SME platform on August 18, 2026.
| IPO Event | Date |
|---|---|
| IPO Open Date | August 11, 2026 |
| IPO Close Date | August 13, 2026 |
| Basis of Allotment | August 14, 2026 |
| Refunds | August 17, 2026 |
| Credit to Demat Account | August 17, 2026 |
| IPO Listing Date | August 18, 2026 |
Note: The above IPO dates are based on the proposed issue schedule. The timeline may be revised by the company, registrar, or stock exchange if required.
Analysis
Fascinate Textiles IPO Promoters and Holding Pattern
The promoters of Fascinate Textiles are Chirag Ahuja, Narinder Kumar Ahuja, Rishabh Nahar, Vishal Nahar and Vishal Nahar (HUF). Prior to the IPO, the promoter and promoter group collectively hold 99.46% of the company's equity share capital.
Following the proposed IPO, the promoter and promoter group's shareholding is expected to decrease to 68.40%. The holding of other shareholders is expected to increase from 0.54% before the issue to 31.60% after the IPO.
Promoters of Fascinate Textiles
- Chirag Ahuja
- Narinder Kumar Ahuja
- Rishabh Nahar
- Vishal Nahar
- Vishal Nahar (HUF)
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,02,48,070 | 99.46% | 94,12,070 | 68.40% |
| Others* | 55,223 | 0.54% | 43,48,823 | 31.60% |
| Total | 1,03,03,293 | 100% | 1,37,60,893 | 100% |
Note: The post-IPO shareholding pattern is based on the proposed issue structure. After the IPO, the promoter and promoter group are expected to retain a 68.40% stake in Fascinate Textiles, while other shareholders will hold approximately 31.60%.
Analysis
Fascinate Textiles IPO Objects of the Issue & Utilisation of Proceeds
Fascinate Textiles intends to utilize the proceeds from its IPO primarily for expanding manufacturing capacity, supporting working capital requirements, and reducing outstanding borrowings. A portion of the fresh issue proceeds will be invested in setting up an additional manufacturing facility to support the company's future production requirements and business expansion.
The company also proposes to deploy funds towards its working capital needs and repayment or prepayment of certain secured and unsecured loans. The remaining proceeds will be utilized for general corporate purposes and expenses associated with the IPO.
| Purpose | Amount |
|---|---|
| Funding Capital Expenditure Requirement Towards Setting up an Additional Manufacturing Facility | ₹12.40 Crores |
| Funding the Working Capital Requirements | ₹19.03 Crores |
| Prepayment and Repayment of All or a Portion of Certain Secured and Unsecured Loans | ₹2.68 Crores |
| General Corporate Purposes | ₹- |
| To Meet the Offer Related Expenses | ₹- |
Note: The proposed utilisation of IPO proceeds is based on the objectives of the issue. The actual deployment of funds may vary depending on business requirements, project implementation, and applicable regulatory provisions.
Analysis
Fascinate Textiles About Ipo
Fascinate Textiles, founded in 2017, is one of the leading apparel manufacturing companies in India. Its main aim is to design high-quality knitted and woven garments that meet global standards. Its product range includes infantwear, kidswear, menswear, and womenswear in a wide range of designs and quality.
Fascinate Textiles’ portfolio includes t-shirts, joggers, vests, leggings, shorts, and infant wear for each age group. Its manufacturing facility offers an end-to-end solution, taking care of stitching, finishing, printing, and packing, all under one roof. The firm has over 30 years of experience in craftsmanship, precision, and operational excellence, which has allowed it to become a trusted partner of so many fashion brands.
Analysis
Fascinate Textiles IPO Company Financial Report
Fascinate Textiles has reported strong growth in its financial performance between FY2024 and FY2026. The company's revenue increased from ₹28.90 crores in FY2024 to ₹117.23 crores in FY2026, reflecting a significant expansion in its business operations during the period.
Profitability also improved considerably, with Profit After Tax (PAT) rising from ₹0.48 crore in FY2024 to ₹15.07 crores in FY2026. At the same time, the company's total asset base expanded from ₹25.45 crores to ₹92.75 crores, indicating increased investment in business infrastructure and operating capacity.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹28.90 Cr. | ₹28.26 Cr. | ₹0.48 Cr. | ₹25.45 Cr. |
| 2025 | ₹60.28 Cr. | ₹52.19 Cr. | ₹5.81 Cr. | ₹42.26 Cr. |
| 2026 | ₹117.23 Cr. | ₹95.88 Cr. | ₹15.07 Cr. | ₹92.75 Cr. |
Amount in ₹ Crores: The above financial figures summarize Fascinate Textiles' reported revenue, expenses, Profit After Tax (PAT), and total assets for FY2024 to FY2026. Investors should consider these financial trends together with the company's valuation, debt position, IPO pricing, and future business prospects.
Analysis
Fascinate Textiles IPO Valuation – FY2026
The valuation metrics of Fascinate Textiles provide an overview of the company's profitability, capital efficiency, leverage, and financial position ahead of the IPO. Investors can evaluate indicators such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, PAT Margin, Return on Net Worth (RoNW), and Net Asset Value (NAV) while assessing the issue.
For FY2026, Fascinate Textiles reported an EPS of ₹14.66, ROE of 72.08%, and ROCE of 54.82%. The company reported an EBITDA margin of 20.50% and PAT margin of 12.89%, while its debt-to-equity ratio stood at 0.83.
| KPI | Values |
|---|---|
| ROE | 72.08% |
| ROCE | 54.82% |
| EBITDA Margin | 20.50% |
| PAT Margin | 12.89% |
| Debt to Equity Ratio | 0.83 |
| Earning Per Share (EPS) | ₹14.66 (Basic) |
| Price / Earnings (P/E) Ratio | NA |
| Return on Net Worth (RoNW) | 48.02% |
| Net Asset Value (NAV) | ₹30.52 |
Note: The above valuation metrics are based on the FY2026 financial information provided. Investors should evaluate these ratios together with the IPO price band, peer-group valuation, financial growth, debt position, business risks, and future growth prospects before making an investment decision.
Analysis
Fascinate Textiles IPO Peer Group Comparison
The peer group comparison of Fascinate Textiles helps investors compare the company's financial position with listed businesses operating in the textile and apparel industry. Key indicators such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and income provide a useful reference for evaluating relative financial performance and valuation.
Fascinate Textiles' listed peer group includes Iris Clothings Limited and Kewal Kiran Clothing Limited. Investors should consider differences in business size, product portfolio, profitability, operating model, and market positioning while comparing these companies.
| Company | EPS | P/E Ratio | RoNW (%) | NAV (₹) | Income |
|---|---|---|---|---|---|
| Iris Clothings Limited | 0.85 | 54.92 | 11.42% | 37.24 | ₹16.19 Cr. |
| Kewal Kiran Clothing Limited | 23.03 | 21.71 | 13.60% | 181.66 | ₹152.29 Cr. |
Note: Peer group figures should be used as a comparative reference rather than as the sole basis for an investment decision. Investors should also consider Fascinate Textiles' IPO valuation, financial growth, margins, debt levels, business risks, and future growth prospects.
Analysis
IPO Lead Managers aka Merchant Bankers
- Affinity Global Capital Market Pvt. Ltd.
FAQ
Fascinate Textiles IPO FAQs
Fascinate Textiles IPO price band is Rs 148.00 to Rs 156.00. Check the latest issue price, lot size and GMP together before applying.
Fascinate Textiles IPO open date is 11 Aug 2026, close date is 13 Aug 2026, and listing date is 18 Aug 2026.
Fascinate Textiles IPO lot size is 800 shares. The minimum retail investment is Rs 2,49,600.
Fascinate Textiles is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Fascinate Textiles IPO subscription status currently shows Retail 1.37x, QIB 22.83x, NII 1.19x, Overall 1.52x.
Fascinate Textiles Limited is a West Bengal-based company engaged in the manufacturing of readymade garments. Its diverse product portfolio covers menswear, womenswear, and childrenswear, with a significant focus on clothing for children. The product range includes t-shirts, joggers, vests, leggings, shorts, and infant wear, catering to various age groups. The company’s revenue is generated through the sale of these garments to large-format retailers and wholesalers in the local market. Its manufacturing process involves procuring yarn, which is outsourced for knitting and dyeing, followed by in-house operations such as cutting, printing, stitching, and finishing at its Barasat facility. The company develops samples from its own designs and in response to buyer requirements, and its operations are ISO 9001:2015 certified for quality management systems.
Fascinate Textiles IPO issue size is 66.98 and the expected allotment date is 14 Aug 2026.
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