Factal Industries Limited is an integrated garment manufacturing and supply chain solutions company catering primarily to India’s fast-growing e-commerce fashion ecosystem. The company operates as a full-service apparel partner — managing everything from design and sourcing to manufacturing, warehousing, logistics, and marketplace support.
With a strong presence in the online fashion segment, Fractal Industries focuses on producing fast-moving, trend-driven, and high-quality apparel tailored specifically for leading e-commerce platforms such as Myntra, Ajio, and Flipkart.
The company also offers value-added services, including product and order management, inventory and returns handling, integrated logistics support, demand forecasting through data analytics, multi-channel sales support, and order anomaly detection.
Fractal Industries operates through three diversified business models:
- Outright Sale Model: The company sells garments in bulk to platforms like Myntra and Flipkart, where ownership and fulfillment are managed by the platform, ensuring steady volumes and faster revenue realization.
- PPMP Model (Pure Play Marketplace): The company designs and manufactures apparel for marketplace in-house brands while managing forecasting, production, warehousing, and dispatch, ensuring fast delivery as per platform guidelines and strengthening long-term partnerships.
- Direct-to-Consumer (Own Brand): In May 2025, Fractal Industries launched its own brand “7ate9,” selling directly online while managing inventory and fulfillment, enabling better margin control and brand growth.
Fractal Industries operates a manufacturing facility in Mumbai with a monthly capacity of over 3,00,000 garments and maintains warehouses across Gujarat, Maharashtra, Haryana, West Bengal, and Karnataka.
Fractal Industries IPO – Details
| IPO Opening Date | 16 February 2026 |
| IPO Closing Date | 18 February 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 22,68,600 Shares Worth ₹49.00 Crore Fresh Issue: 22,68,600 Shares Worth ₹49.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹205 – ₹216 per share |
| Market Lot | 600 Shares |
| Min Order | 600 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Kfin Technologies Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Fractal Industries IPO – Date Schedule
| IPO Open Date | 16 February 2026 |
| IPO Close Date | 18 February 2026 |
| Basis of Allotment | 19 February 2026 |
| Initiation of Refund | 20 February 2026 |
| Credit of Shares to Demat | 20 February 2026 |
| IPO Listing Date | 24 February 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 18, 2026 |
Fractal Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1200 | ₹2,59,200 |
| Retail (Max) | 2 | 1200 | ₹2,59,200 |
| S-HNI (Min) | 3 | 1800 | ₹3,88,800 |
| S-HNI (Max) | 7 | 4200 | ₹9,07,200 |
| B-HNI (Min) | 8 | 4800 | ₹10,36,800 |
Competitive Strength
- Experienced Promoters and Senior Management Team.
- Technologically Advanced and Integrated Warehouse Management System (WMS).
- Expertise in Apparel Reverse Logistics (Returns Management).
- Quality Control and Inspection.
Company Promoters
- Mr. Pankaj Bishwanath Agrawal
- Mrs. Priti Pankaj Agrawal
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹88.91 Cr | ₹85.70 Cr | ₹2.66 Cr | ₹14.05 Cr |
| 31 March 2024 | ₹50.01 Cr | ₹47.27 Cr | ₹2.27 Cr | ₹21.88 Cr |
| 31 March 2025 | ₹85.51 Cr | ₹76.41 Cr | ₹7.54 Cr | ₹27.61 Cr |
| 31 December 2025 | ₹47.33 Cr | ₹39.20 Cr | ₹6.78 Cr | ₹24.63 Cr |
Key Performance Indicator
| KPI | Values (Sep 30, 2025) |
|---|---|
| ROE | 34.52% |
| ROCE | 18.99% |
| Debt/Equity | 1.04 |
| RoNW | 28.74% |
| PAT Margin | 14.34% |
| EBITDA Margin | 19.63% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.51 | 17.28 |
| P/E (x) | 15.99 | 12.50 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding working capital requirements. | ₹36.50 |
| General corporate purposes. | – |
✅Strengths
- Integrated end-to-end apparel supply chain model.
- Strong relationships with leading e-commerce platforms.
- Diversified revenue models (Outright, PPMP, Own Brand).
- Scalable manufacturing capacity.
- Pan-India warehousing network.
- Data-driven operations & fast order fulfillment.
⚠️Risks
- High dependency on key e-commerce customers.
- Intense competition in apparel segment.
- Working capital intensive business.
- Exposure to raw material price fluctuations.
- Dependence on growth of online fashion market.
- Operational & logistics execution risks.
Fractal Industries IPO Promoter Holding
| Pre-Issue Share Holding | 97.15% |
| Post Issue Share Holding | – |
Fractal Industries IPO Prospectus
Company Contact Information
| Fractal Industries Ltd. Gala 212, Bhullar Star Indl. Estate, Andheri Kurla Andheri East, Mumbai, Maharashtra, 400072 Phone: +91 22-2852 8352 Email: investors@fractalindustries.in Website: https://fractalindustries.in/ |
Fractal Industries IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: fractal.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Fractal Industries IPO Lead Manager(s)
| 1. Finaax Capital Advisors Private Limited |
Fractal Industries IPO FAQ
| What is the Fractal Industries IPO? Fractal Industries IPO is an SME IPO. The issue is priced at ₹205 – ₹216 per equity share. The IPO is to be listed on BSE SME. |
| When will Fractal Industries IPO open? The IPO is to open on 16 February 2026 for QIB, NII, and Retail Investors. |
| What is Fractal Industries IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Fractal Industries IPO Size? Fractal Industries IPO size is ₹49.00 Crore. |
| What are the Fractal Industries IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 1200 Shares for ₹2,59,200, while the maximum bid is 1200 Shares for ₹2,59,200. |
| What is the Fractal Industries IPO Allotment Date? Fractal Industries IPO allotment date is 19 February 2026. |
| What is the Fractal Industries IPO Listing Date? Fractal Industries IPO listing date is 24 February 2026. The IPO is to be listed on the BSE SME. |
