Fractal Industries IPO Opens Tomorrow: GMP, Price Band & Details
Fractal Industries Limited, an integrated fashion supply chain partner, launches its ₹49 crore SME IPO on February 16, 2026. Here is a comprehensive guide on the price band, lot size, financial performance, and latest market trends.
Fractal Industries IPO Opens Tomorrow: Key Details for Investors
The initial public offering (IPO) of Fractal Industries Limited is set to open for public subscription tomorrow, Monday, February 16, 2026. Operating in the textile and supply chain sector, the company is looking to raise approximately ₹49 crore through this SME (Small and Medium Enterprise) offering. The issue will remain open until Wednesday, February 18, 2026.
This listing comes at a busy time for the primary markets, with investors keenly watching the SME segment for potential listing gains. Below, we break down the price band, Grey Market Premium (GMP), company financials, and risks to help you understand the offer.
Important Clarification: Investors should not confuse this company with Fractal Analytics, the AI and data analytics firm whose Mainboard IPO closed recently. Fractal Industries is a separate entity focused on garment manufacturing and logistics.
Fractal Industries IPO: Key Highlights
- IPO Dates: February 16 to February 18, 2026
- Price Band: ₹205 to ₹216 per equity share
- Issue Size: ₹49 Crore (Entirely Fresh Issue)
- Listing Exchange: BSE SME
- Lot Size: 600 Shares (Note: Minimum bid quantity may be higher, see details below)
Price Band and Minimum Investment
Fractal Industries has fixed the price band at ₹205 to ₹216 per share. Being an SME IPO, the investment requirements are higher than mainboard issues.
According to the Red Herring Prospectus (RHP) details available in market reports, while the standardized market lot is 600 shares, the minimum application size for retail investors has been indicated at 1,200 shares (2 Lots) in several brokerage data feeds.
- Minimum Retail Investment: ₹2,59,200 (for 1,200 shares at upper band)
- HNI / NII Minimum Investment: ₹3,88,800 (for 1,800 shares)
Note: Investors are advised to check their broker's specific application window for the exact minimum lot requirement, as SME lot definitions can vary.
Grey Market Premium (GMP) Trends
As of February 15, 2026, market observers report that the Grey Market Premium (GMP) for Fractal Industries is hovering around ₹7 to ₹10 per share.
- Expected Listing Price: ₹223 - ₹226 (approx.)
- Estimated Listing Gain: ~3% to 5%
Disclaimer: GMP is an unofficial market indicator and changes frequently. It should not be the sole basis for investment decisions.
About Fractal Industries Limited
Fractal Industries serves as an end-to-end partner for major e-commerce platforms. The company specializes in manufacturing garments and providing supply chain solutions, including warehousing and logistics.
Key Business Models:
- Manufacturing: Producing apparel for private labels of major e-commerce players like Myntra, Ajio, and Flipkart.
- Logistics & Warehousing: Managing inventory, order fulfillment, and returns for these platforms.
- Direct-to-Consumer (D2C): The company has also ventured into its own brand, "7ate9".
Financial Health & Risk Factors
Before investing, it is crucial to look at the company's financial trajectory. Fractal Industries has shown a recovery in revenue in the current fiscal year.
Financial Snapshot:
- Revenue (FY25): ₹85.51 Crore (Up from ₹50 Cr in FY24)
- Net Profit (PAT FY25): ₹7.54 Crore
- Assets (H1 FY26): ₹62.03 Crore
Key Risks:
- Client Concentration: A significant portion (over 99% in recent reports) of the company’s revenue comes from its top 5 clients, primarily large e-commerce marketplaces. Loss of any key partner could severely impact business.
- Cash Flow: Past financial reports have indicated negative operating cash flows in certain periods, highlighting working capital pressure common in the manufacturing sector.
- SME Volatility: SME stocks often suffer from lower liquidity and higher volatility post-listing compared to Mainboard stocks.
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Open Date | Monday, Feb 16, 2026 |
| IPO Close Date | Wednesday, Feb 18, 2026 |
| Allotment Date | Thursday, Feb 19, 2026 |
| Refunds Initiation | Friday, Feb 20, 2026 |
| Credit to Demat | Friday, Feb 20, 2026 |
| Listing Date | Monday, Feb 23, 2026 |
Conclusion
Fractal Industries offers an opportunity to invest in the backend infrastructure of India's booming fashion e-commerce sector. However, the high dependence on a few large clients and the nature of SME listings make this a high-risk bet suitable for investors with a higher risk appetite.
Investors should consult their financial advisors and review the full RHP before participating in the bidding process starting tomorrow.
