How to Apply for the Fractal Industries Limited IPO: Step-by-Step Investment Guide

Fractal Industries Limited is a garment manufacturing and supply chain company serving digital retail marketplaces. The IPO includes a fresh issue of equity shares and is scheduled to open from February 16 to February 18, 2026. The company operates through manufacturing, warehousing, and logistics infrastructure across multiple states in India. This article outlines the company’s business model, IPO structure, financial disclosures, risk factors, and the application process.

Fractal Industries operates as an integrated garment manufacturing and supply chain company that supports digital retail marketplaces through coordinated design, production, and fulfillment capabilities. The company is involved in designing, sourcing, and manufacturing apparel while also providing warehousing, inventory handling, and logistics services linked to online retail operations. Its core business is structured around three operating models, including bulk manufacturing for marketplaces, production for marketplace-owned private labels, and direct sales under its own brand. The company’s manufacturing facility in Mumbai and its warehousing network across multiple states support its pan-India operational presence. Its business framework incorporates product management, order processing, inventory tracking, logistics coordination, and data-based monitoring of order flows, positioning it as a technology-enabled apparel supply chain participant serving e-commerce demand.

To apply for the Fractal Industries IPO, investors can submit an application through the online trading or UPI-enabled platform provided by their registered intermediary. The process generally involves logging into the platform, selecting the IPO section, choosing Fractal Industries, and entering the bid quantity and price as per the lot size specified in the offer documents. After submitting the application, investors must approve the mandate on their UPI application within the stipulated time to complete the request. Alternatively, applications can also be made through an ASBA facility available with banks, where the amount remains blocked until allotment. All applicants are advised to refer to the Red Herring Prospectus for details on eligibility, timelines, and regulatory requirements before applying.

For more details, visit the Fractal Industries Limited IPO page.

Fractal Industries Limited IPO Details and Objectives

Details

Information

IPO Date

Feb 16, 2026 to Feb 18, 2026

Issue Size

22,68,600 shares (agg. up to ₹49 Cr)

Price Band

₹205 to ₹216 per share

Lot Size

600 shares

Listing At

BSE SME

Market Maker

Shreni Shares Ltd.

Purpose of the IPO

  • Funding working capital requirements

  • General corporate purposes

Timeline of Fractal Industries Limited IPO

Event

Date

IPO Open Date

Mon, Feb 16, 2026

IPO Close Date

Wed, Feb 18, 2026

Tentative Allotment

Thu, Feb 19, 2026

Initiation of Refunds

Fri, Feb 20, 2026

Credit of Shares to Demat

Fri, Feb 20, 2026

Tentative Listing Date

Mon, Feb 23, 2026

Cut-off time for UPI mandate confirmation

5 PM on Wed, Feb 18, 2026

Pricing & Lot Size of Fractal Industries Limited IPO

Price Band for the IPO

  •  ₹205 to ₹216 per share

Minimum Lot Size and Application Details

Application

Lots

Shares

Amount

Individual investors (Retail) (Min)

2

1,200

₹2,59,200

Individual investors (Retail) (Max)

2

1,200

₹2,59,200

S-HNI (Min)

3

1,800

₹3,88,800

S-HNI (Max)

7

4,200

₹9,07,200

B-HNI (Min)

8

4,800

₹10,36,800

Fractal Industries Limited IPO Application Process

The Fractal Industries Limited IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:

Step 1: Login to Your Trading Platform

Access your trading account using the broker's app or website.

Step 2: Navigate to the IPO Section

Go to the IPO section to view active IPO listings.

Step 3: Select the Open IPO and Click Apply

Locate Fractal Industries Limited IPO in the list of available IPOs and click the ‘Apply’ button.

Step 4: Enter the Quantity of Shares You Wish to Apply For

Specify the number of shares (lot size: 600 shares) within the price band of ₹205 to ₹216 per share.

Step 5: Provide Your UPI ID

Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.

Step 6: Confirm the Application

Review your application details and confirm the UPI mandate before 5 PM on the last application day.

Step 7: Complete the Process and Wait for Allotment

Submit the application and monitor the allotment status to check if shares have been allocated to you.

Shares Offered in Fractal Industries IPO

The allocation of shares in the Fractal Industries IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. This allocation framework outlines how the shares offered are distributed among different classes of investors.

Investor Category

Shares Offered

Market Maker Shares Offered

1,14,000 (5.03%)

QIB Shares Offered

10,75,800 (47.42%)

  − Anchor Investor Shares Offered

6,45,000 (28.43%)

  − QIB (Ex. Anchor) Shares Offered

4,30,800 (18.99%)

NII (HNI) Shares Offered

3,24,000 (14.28%)

Retail Shares Offered

7,54,800 (33.27%)

Total Shares Offered

22,68,600 (100.00%)

This reservation structure reflects the categorisation and allocation approach disclosed for the issue, indicating the proportion of shares available to each investor segment.

Financial Health and Performance

Key Financial Metrics

  • Total Assets: Grew from ₹41.21 crore in FY23 to ₹62.03 crore as of Sept 2025.

  • Total income: Recorded at ₹47.33 crore in Sept 2025, as compared to ₹88.91 crore in FY23.

  • Profit After Tax (PAT): Reported at ₹6.78 crore in Sept 2025, and 2.66 crore in FY23.

  • Net Worth: Recorded at ₹23.59 crore in Sept 2025 in comparison to ₹5.89 crore in FY23.

  • Reserves and surplus: Stood at ₹18.01 crore in Sept 2025, as compared to ₹5.39 crore in FY23.

  • EBITDA: Stood at ₹9.29 crore in Sept 2025 in comparison to ₹4.13 crore in FY23.

Recent Performance and Growth Prospects

  • Total assets expanded over the period, reflecting a broader asset base.

  • Income levels varied between the earlier fiscal year and the latest reporting period.

  • Profit after tax remained positive in both reporting periods.

  • Net worth strengthened compared to the earlier fiscal year.

  • Reserves and surplus rose over the period under review.

  • EBITDA improved when compared with the earlier fiscal year.

  • The company’s financial position indicates a larger scale of operations than in the previous year.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • The company’s performance remains linked to demand from e-commerce apparel marketplaces, which may expose it to changes in online retail trends and order volumes.

  • Dependence on manufacturing and logistics operations across multiple locations may create operational, inventory, or supply chain execution risks.

Opportunities and Growth Potential

  • Expansion of digital retail and online apparel consumption could lead to continued utilisation of the company’s manufacturing and fulfillment capabilities.

  • The company’s integrated design-to-delivery model and warehousing presence across several states may support its ability to serve marketplace-linked apparel orders over time.

Key Performance Indicator (KPI)

KPI

Sept 30, 2025

Mar 31, 2025

ROE

34.52%

63.20%

ROCE

18.99%

25.07%

Debt/Equity

1.04

1.76

RoNW

28.74%

48.02%

PAT Margin

14.34%

8.82%

EBITDA Margin

19.63%

13.04%

Price to Book Value

NA

7.57


Fractal Industries Limited IPO Registrar & Lead Managers

Registrar

Lead Manager(s)

Kfin Technologies Ltd. 

Finaax Capital Advisors Private Limited 

Company Address of Fractal Industries Limited

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/

Conclusion

Fractal Industries operates a business model centred on garment manufacturing and supply chain services aligned with the requirements of digital retail marketplaces. Its operations integrate production, warehousing, inventory handling, and logistics, supported by a manufacturing facility in Mumbai and distribution infrastructure across multiple states. The IPO structure outlines defined share allocations across investor categories, a specified price band, and stated objectives related to working capital and general corporate purposes, as disclosed in regulatory documents.

The company’s recent financial disclosures indicate changes in asset base, income, profitability, and capital structure over time, while its revenue generation remains connected to online apparel demand. Applicants have access to a clearly defined application process and timeline, with details available in the Red Herring Prospectus for reference and compliance with applicable regulations.

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Fractal Industries IPO allotment status.    

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Published Date : 16 Feb 2026

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Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.


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Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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