Garments and supply chain solutions firm Fractal Industries will open its initial share sale for public subscription next week on February 16, with a price band of Rs 205-216 per share.
The company is raising Rs 49 crore via initial public offering (IPO) of 22.68 lakh equity shares at the upper price band. It is entirely fresh issue with no offer-for-sale component.
The anchor book will be launched for a day on February 13, while the offer for the public will close on February 18. The company will finalise its IPO share allotment by February 20, and the trading in its equity shares will commence on the BSE SME effective February 24.
Fractal Industries that also provides garment manufacturing and technology-driven supply chain solutions for e-commerce marketplaces like Myntra and Ajio will spend Rs 36.5 crore of IPO proceeds for its working capital requirements, and the remainder funds for general corporate purposes.
"Company requires additional working capital for executing increased order volumes, high inventory levels, high debtors, advance payments to suppliers and requirement of security deposits and for other corporate purposes," Fractal in its RHP said.
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With a monthly manufacturing capacity of more than 3 lakh garment units at Mumbai, the company also has warehouses in Gujarat, Maharashtra, Haryana, West Bengal and Karnataka, and offers several value added services to enhance e-commerce operations.
On the financial front, Fractal has recorded profit of Rs 6.78 crore on revenue of Rs 47.3 crore for six months period ended September 2025. Profit in the fiscal 2025 increased more than three-fold to Rs 7.5 crore, from Rs 2.3 crore, while revenue in the same period surged 71.1 percent to Rs 85.4 crore, from Rs 49.9 crore.
Finaax Capital Advisors is acting as the merchant banker for the Fractal Industries IPO.
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