Fractal Industries came to market through an SME IPO that opened on 16 February 2026 and closed on 18 February 2026, and the shares listed on 24 February 2026 on BSE SME. The price band was ₹205 to ₹216 per share and one lot was 600 shares, so the minimum application was ₹1,29,600. The issue size was ₹49 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Ltd was the registrar to the issue, and Finaax Capital Advisors Private Limited was the lead manager.
As of 18 February 2026.
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Fractal Industries is a full-service garment manufacturing and supply chain company that designs, sources, and manufactures garments and provides end-to-end warehousing and logistics solutions to e-commerce companies such as Myntra, Ajio, and Flipkart. The company operates in India and specializes in creating fast-moving products of high quality for online markets.
They also provide ancillary services such as Product & Order Management, Inventory & Returns Management, Integrated Logistics Management, Data & Analytics Management, Multi-Channel Sales & Marketing Support, and Order Anomaly Detection. Business Models: Outright Sale of Garments:The company produces garments, which are then sold in bulk to an e-commerce site, say Myntra or Flipkart. After selling, the e-commerce site has ownership of the product, which it sells to other customers.
PPMP Model (Pure Play Marketplace):It designs and manufactures products under the brand name of the marketplace itself, e.g., Myntra’s brand name. They take care of shipping the orders within 48 hours following the packaging and shipping guidelines of the marketplace. Direct Sale – Own Brand Manufacturing:Also, the company has introduced its own brand of clothing products, running under the name “7ate9” (from May 26, 2025). In this context, the company aims to sell products directly to customers through e-commerce.
It has a manufacturing facility in Mumbai that has a monthly production capacity of over 3,00,000 garments and also has warehouses in Gujarat, Maharashtra, Haryana, West Bengal, and Karnataka.
As described in the offer document.
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Mr. Pankaj Bishwanath Agrawal, Mrs. Priti Pankaj Agrawal. Promoter holding 97.15% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Fractal Industries IPO was a ₹49 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹205–₹216 per share with a lot size of 600 shares; the minimum retail application was 1,200 shares (₹2,59,200). The IPO was open from February 16 to February 18, 2026 and was subscribed 5.52x. Shares listed on BSE SME on February 24, 2026 at ₹229, a 6.0% premium to the issue price of ₹216. Kfin Technologies Ltd. is the registrar.
Finaax Capital Advisors Private Limited is the book running lead manager.
The price band of Fractal Industries IPO is ₹205 to ₹216 per share.
The lot size of Fractal Industries IPO is 600 shares.
The minimum investment for Fractal Industries IPO is approximately ₹2,59,200 based on the upper price band.
The allotment date of Fractal Industries IPO is Feb 20, 2026.
You can check Fractal Industries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Fractal Industries IPO allotment status on Rupix for quick and easy access.
₹205 to ₹216 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,29,600. After listing, SME shares also trade in lots rather than one share at a time.
₹1,29,600, for one lot of 600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 16 February 2026 and closed on 18 February 2026.
The basis of allotment was published on 20 February 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 24 February 2026 on BSE SME.
The issue size was ₹49 crore. The fresh issue was 22,68,600 shares (aggregating up to ₹49 crore).