Fascinate Textiles Limited
Minimum investment
Bidding date
11 Aug - 13 Aug 2026
Price range
₹148 - ₹156
Minimum quantity
1,600
Minimum investment
₹1,18,400
Issue size
₹67 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Total Issue Size:
₹67 Crore
Fresh Issue: 76% (₹51 Cr)
OFS: 19% (₹13 Cr)
Fresh Issue – ₹51 Crore
Offer for Sale – ₹13 Crore
Before Issue: 99.46%
After Issue: 68.67%
Lock-in / Stabilization | Timeline |
|---|---|
Minimum Promoters' Contribution – 20% of Post-Issue Capital | 3 Years from Date of Allotment |
Promoters' Shareholding above Minimum Contribution | 2 Years from Date of Allotment |
Remaining 50% of Promoters' Contribution | 1 Year from Date of Allotment |
Pre-Issue Shares held by Non-Promoters | 1 Year from Date of Allotment |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
Fascinate Textiles Limited, incorporated in February 2017, is a West Bengal-based garment manufacturer engaged in the production of ready-made apparel for men, women and children. The company has a stronger focus on children's clothing and manufactures products such as T-shirts, joggers, vests, leggings, shorts, infant wear and other garments.
The company operates its own manufacturing facility in Barasat, North 24 Parganas, West Bengal, where its major production activities are carried out. Its manufacturing setup supports an integrated production process and allows the company to offer products with different specifications and customization requirements.
Fascinate Textiles follows an order-driven business model and serves customers across different apparel segments. The company is also ISO 9001:2015 certified, reflecting its focus on quality management and standardized manufacturing processes. As of March 31, 2026, Fascinate Textiles had 254 employees, including 106 permanent employees and 148 contractual employees.
Integrated Manufacturing Capabilities: Fascinate Textiles has its own manufacturing facility in West Bengal and carries out major production activities internally.
Broad Apparel Portfolio: The company manufactures apparel for infants, children, women and men, giving it exposure to multiple customer segments.
Strong Recent Financial Growth: The company recorded substantial growth in revenue, EBITDA and PAT in FY2026 compared with FY2025.
Capacity Expansion Plans: Part of the IPO proceeds is intended for setting up an additional manufacturing facility, which could increase the company's production capacity.
Established Customer Relationships: The company states that it has developed long-standing relationships with customers, which can support repeat business and order visibility.
High Dependence on the Apparel Industry: The company's business is directly linked to demand in the garment and apparel industry. Changes in consumer preferences, fashion trends and market conditions can affect demand.
Customer and Order Dependence: The business follows an order-driven model. A reduction in orders or loss of important customers could negatively affect revenue and capacity utilization.
Working Capital Requirements: The company plans to allocate a significant portion of IPO proceeds toward working capital. Higher working capital requirements may continue as the business expands.
Rising Borrowings: Total borrowings increased from Rs. 12.33 crore in FY2024 to Rs. 26.02 crore in FY2026. Higher debt levels can increase financial obligations and interest costs.
SME Listing Risk: The IPO will list on the NSE SME platform. SME-listed shares can have lower liquidity compared with companies listed on the main board, which may make buying or selling shares more difficult.
117.23 Cr.
Mar'26
15.07 Cr.
Mar'26
24.15 Cr.
Mar'26
57 investors voted
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