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Fractal Industries Ltd

Complete IPO details, including price band, financials, subscription status, and key insights.

Participate in the Fractal Industries Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.

IPO Snapshot

Key metrics and details at a glance.

Price Band

₹216

Per Share

Lot Size

600 Shares

Minimum Investment

₹1,29,600

Issue Size

₹49 Cr

Face Value

₹10

Per Share

IPO Type

Book Building - SME

Retail Quota

35.03%

QIB Quota

49.93%

NII Quota

15.04%

IPO Timeline

Important dates for your applying strategy.

IPO Opens16 Feb
IPO Closes18 Feb
Basis of Allotment20 Feb
Refund Initiation23 Feb
Shares Credited23 Feb
Listing Date24 Feb
IPO Process Completed

Subscription Status

Live demand across investor categories.

Track real-time subscription levels:

*Real-time data subject to exchange updates

Qualified Institutional Buyers (QIB)5.95x
Non-Institutional Investors (NII)6.12x
Retail Individual Investors (RII)4.09x
Overall Subscription5.13x

Fractal Industries Ltd

Business model, operations, and market positioning.

Promoter Holding (Pre-Issue)

97.15%

Promoter Holding (Post-Issue)

69.07%

Issue Type

Book Building - SME

ISIN

INE1W3Q01011

About the Company

The Company is engaged in the business of designing, sourcing and manufacturing of garments and providing end -to-end warehousing and supply chain services to e-commerce platforms. Having Pan India presence, Fractal Industries is a full service garment manufacturing and technology-driven supply chain management company focused on fast moving, high quality apparel for e-commerce marketplaces (Myntra, Ajio and similar platforms). The Company integrates agile design-to-delivery manufacturing, scalable production capabilities, rigorous quality control, and data-driven supply chain management to help brands and private labels accelerate speed-to-market, improve margins, and enhance customer satisfaction. The company also provides integrated supply chain and fulfillment solutions that enable apparel brands, partners, and marketplaces to optimize and streamline their e-commerce operations. Initially, the Company started manufacturing garments for Myntra. Gradually, year on year basis, company started manufacturing for other marketplaces as well. With a monthly manufacturing capacity of more than 3,00,000 garment units the Company has built a robust supply chain capable of handling multiple daily orders and shipments across multiple marketplaces. Its Manufacturing unit is located at Mumbai with warehouses located in Gujarat, Maharashtra, Haryana, West Bengal and Karnataka. The Company also offers a wide array of value added services to enhance e-commerce operations including Product Management System, Data Analytics, Integrated Logistics Management, Order Management System, Inventory and Returns Management, Order Anomaly Detection, Multi Channel Sales Enablement.

Industry Overview

The Indian supply chain industry forms a critical backbone of the nation's economy, enabling the seamless movement of raw materials, semi-finished goods, and final products across diverse sectors including FMCG, automotive, retail, ecommerce, pharmaceuticals, and industrial manufacturing. It encompasses end-to-end functions such as procurement, warehousing, inventory management, logistics, transportation, and last-mile delivery integrating both traditional distribution networks and emerging digital supply chain models. The industry plays a pivotal role in supporting India's manufacturing, trade, and consumption ecosystems, contributing significantly to GDP, employment, and export competitiveness.

Company History

The Company was incorporated as "Fractal Industries Private Limited" as a private limited company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated January 9, 2020, issued by Assistant Registrar of Companies, Central Registration Centre. Further, the Company was converted from a private limited company to public limited company pursuant to special resolution passed in the Extra-Ordinary General Meeting of the Company dated February 24, 2025 and consequently, the name of the Company was changed from "Fractal Industries Private Limited" to "Fractal Industries Limited" and a fresh certificate of incorporation dated March 13, 2025 was issued to our Company by the Assistant Registrar of Companies/ Deputy Registrar of Companies/ Registrar of Companies, Central Processing Centre. The Corporate Identification Number of the Company is U14101MH2020PLC335773.

Products & Services

  • The Company is engaged in the business of designing, sourcing and manufacturing of garments and providing end -to-end warehousing and supply chain services to e-commerce platforms.

Growth Strategy

  • Own Brand Manufacturing.
  • Geographical Expansion.
  • Diversifying Marketplaces.
  • Focus on consistently meeting quality standards.

Customer Base

Wholesaler and Retailer

Financial Performance

Revenue, profit after tax and total assets across the last 3 reported financial years.

Consolidated figures
Financial Performance Categories

Revenue

+1.0%vs FY23

Amount in ₹ crore

88.9
85.5
89.8
FY23FY25FY26

Profit After Tax (PAT)

+396%vs FY23

Amount in ₹ crore

2.64
7.52
13.1
FY23FY25FY26

Total Assets

+142%vs FY23

Amount in ₹ crore

40.7
51.4
98.6
FY23FY25FY26

Figures in ₹ crore, on a consolidated basis, as reported for FY23, FY25 and FY26.

Objects of the Issue

How the company plans to utilize IPO proceeds.

Use of Proceeds

The funds raised through this IPO will be used for:

Initial public issue of up to 22,68,600 equity shares of face value of Rs. 10/- each of Fractal Industries Limited ("Fractal" or the "Company" or the "Issuer") for cash at a price of Rs. 216 per equity share including a share premium of Rs. 206 per equity share (the "Issue Price") aggregating to Rs. 49 crores ("the Issue"), of which 1,14,000 equity shares of face value of Rs.10/- each for cash at a price of Rs. 216 per equity share including a share premium of Rs. 206 per equity share aggregating to Rs. 2.46 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 21,54,600 equity shares of face value of Rs. 10/- each at a price of Rs. 216 per equity share including a share premium of Rs. 206 per equity share aggregating to Rs. 46.54 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 28.90% and 27.45%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/ each. Price Band: Rs. 216 per equity share of face value Rs.10/- each. The floor price is 21.6 times of the face value of the equity shares. Bids can be made for a minimum of 1200 equity shares and in multiples of 600 equity shares thereafter.

*Subject to approvals and market conditions.

Strengths & Risks

Key competitive advantages and factors to consider before investing.

Strengths and Risk Factors
  • 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.
  • The company relies on a limited number of customers for its sales, and the loss of any major customer could adversely impact its revenue and profitability.
  • The company relies on a limited number of suppliers for product procurement, and the loss of any key supplier could impact its business operations.
  • The Company, Promoter, Directors, KMP, SMP and Group Company are involved in certain legal proceedings. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business and results of operations.
  • The Company has reported certain negative cash flows from its operating activity, investing activity and financing activity, details of which are given below. Sustained negative cash flows could impact its growth and business.
  • Dependence on online marketplaces and effective warehouse management for order fulfilment may adversely affect it business operations and financial performance.

Frequently Asked Questions

01

What is the minimum investment required to apply for this IPO?

The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.
02

How is IPO allotment decided?

IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.
03

When will I know if shares are allotted to me?

Allotment status is usually finalized a few days after the IPO closes. Once finalized, shares are either credited to your Demat account (if allotted) or the blocked funds are released back to your bank account.
04

Can I modify or cancel my IPO application?

Yes, you can modify or cancel your IPO application anytime before the IPO closing date. Changes can be made through your Alice Blue account, subject to exchange cut-off timings.
05

What happens if the IPO is oversubscribed?

If the IPO receives more applications than the number of shares available, it is considered oversubscribed. In such cases, allotment in the retail category is done on a proportionate or lottery basis, and not all applicants may receive shares.