Fractal Industries, a Mumbai-based garments and supply chain solutions company, is set to open its initial public offering (IPO) for public subscription on Monday, 16th February 2026, aiming to raise approximately Rs. 49 crore (US $ 5.41 million). The move marks a key milestone for the firm as it seeks to broaden its investor base and support future growth.
The IPO will be offered at a price band of Rs. 205 to Rs. 216 per share, with a total of 22.68 lakh equity shares available at the upper price band. The issue is a fresh issue of shares, with no existing shareholders selling stock as part of this offer.
Fractal Industries specialises in designing, sourcing and manufacturing garments, and provides technology-driven supply chain management and warehousing services to major e-commerce platforms, including Myntra, Ajio and similar marketplaces. Its manufacturing operations are based in Mumbai, with warehouse facilities across Gujarat, Maharashtra, Haryana, West Bengal and Karnataka, giving the company a monthly production capacity of over 300,000 garment units.
The company plans to utilise approximately Rs. 36.5 crore (US $ 4.03 million) of the IPO proceeds to support working capital requirements, with the remainder earmarked for general corporate purposes.
Financial disclosures indicate that in the six months to 30th September 2026, Fractal Industries reported revenue of Rs. 47.29 crore (US $ 5.22 million), while FY25 revenue was Rs. 85.44 crore (US $ 9.43 million). These figures reflect ongoing growth in the firm’s operations ahead of its public market debut.
Investors and market watchers are expected to closely follow subscription levels and listing performance, as the firm enters the exchange space through the BSE SME platform amid heightened activity in India’s primary markets.
