Fascinate Textiles
Fascinate Textiles is a leading Indian apparel manufacturing company specializing in the design and production of high-quality knitted and woven garments. The company operates in the textile sector, producing a diverse range of infantwear, kidswear, menswear, and womenswear.
Price Band
₹148 - ₹151
Lot Size
1600 Shares
Issue Size
₹67.00 Cr
Fresh Issue
₹53.94 Cr
OFS
₹13.06 Cr
Registrar
AI Sentiment Score
Listing Price
₹120.80
vs Issue: ₹151 (-20.00%)
📅 IPO Timeline
✓
Open
Aug 11
✓
Close
Aug 19
✓
Allotment
Aug 20
✓
Refund
Aug 21
✓
Demat
Aug 21
✓
Listing
Aug 24
✨ AI Analysis & Prediction
+3.5%
predicted listing gain
The predicted listing gain is adjusted upward from the 0% GMP baseline due to explosive financial growth, exceptional ROE (72.08%), and a scarcity squeeze from a small float (<₹150 Cr). While the current lack of subscription data is a neutral factor, the strong shift from a fresh issue (80.5%) rather than an OFS supports positive sentiment.
💪 Strengths
- Exponential PAT growth from FY24 to FY26
- High ROE (72.08%) and ROCE (54.82%)
- Integrated end-to-end manufacturing facility
⚠️ Weaknesses
- Relatively short company history since 2017
- Dependence on a small number of promoter entities
🚀 Opportunities
- Expansion of manufacturing capacity via IPO proceeds
- Scaling presence in global fashion brand partnerships
🛡️ Threats
- Intense competition in the knitted and woven garment sector
- Volatility in raw material costs for textiles
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Funding Capital Expenditure requirement towards setting up additional manufacturing facility. | ₹12.40 |
| Funding the working capital requirements | ₹19.03 |
| Prepayment and repayment of all or a portion of certain secured and unsecured loan | ₹2.68 |
| General Corporate Purposes | TBD |
| To meet the offer related expenses | TBD |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 29.00 Cr | Rs 59.00 Cr | Rs 116.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 0.00 Cr | Rs 6.00 Cr | Rs 15.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 2.00 Cr | Rs 10.00 Cr | Rs 24.00 Cr |
| Borrowings (₹ Cr) | Rs 12.00 Cr | Rs 18.00 Cr | Rs 26.00 Cr |
| Total Assets (₹ Cr) | Rs 25.00 Cr | Rs 42.00 Cr | Rs 93.00 Cr |
| ROCE % | 12.00% | 43.00% | 55.00% |
Debt/Equity
0.83
📋 Live Subscription Status
QIB
22.74x
NII
1.06x
Retail
1.37x
Total
1.48x
Updated: Aug 24, 2026 1:02 PM
💼 Reservation Quota
QIB
50.00%
Retail
56.34%
NII
37.64%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Founded in 2017, Fascinate Textiles has rapidly evolved into a prominent player in the Indian apparel manufacturing landscape. The company leverages over 30 years of combined craftsmanship and operational excellence to deliver precision-engineered garments that meet global standards.
The business model is centered on providing end-to-end manufacturing solutions. Their integrated facility handles the entire production lifecycle, including stitching, finishing, printing, and packing, all under one roof, which ensures strict quality control and operational efficiency.
Their extensive product portfolio is highly diversified, covering various age groups and styles. Key offerings include t-shirts, joggers, vests, leggings, shorts, and specialized infant wear, allowing them to cater to a broad spectrum of fashion requirements.
Positioned as a trusted partner for numerous fashion brands, the company has scaled its operations significantly. This growth is evidenced by a substantial increase in assets and revenue over the last three fiscal years.
The company is led by a promoter group consisting of Chirag Ahuja, Narinder Kumar Ahuja, Rishabh Nahar, Vishal Nahar, and Vishal Nahar (HUF), who maintain a controlling interest in the entity.
Fascinate Textiles is launching a book-built IPO to raise approximately ₹67 Crore, consisting of a fresh issue of ₹53.94 Crore and an offer for sale of 8,36,000 shares. The price band is set between ₹148 and ₹156 per share, with a minimum lot size of 1,600 shares. The issue opens on August 11, 2026, and closes on August 19, 2026, with listing on the NSE SME platform scheduled for August 24, 2026.
The proceeds from the fresh issue are earmarked for strategic growth, specifically ₹12.40 Crore for capital expenditure to set up additional manufacturing facilities and ₹19.03 Crore for working capital requirements. Additionally, ₹2.68 Crore will be used for the prepayment and repayment of secured and unsecured loans.
Financially, the company has demonstrated an impressive growth trajectory. Revenue surged from ₹28.90 Crore in FY24 to ₹117.23 Crore in FY26. More notably, the Profit After Tax (PAT) grew exponentially from ₹0.48 Crore in FY24 to ₹15.07 Crore in FY26, indicating significant operational leverage.
From a valuation perspective, the company boasts an exceptional ROE of 72.08% and ROCE of 54.82%. While a specific P/E ratio is not provided, the EPS stands at ₹14.66. Comparison with peers like Iris Clothings and Kewal Kiran Clothing shows Fascinate Textiles has a superior return on net worth profile.
Key strengths include an integrated manufacturing process, rapid revenue scaling, and a strong balance sheet with a Debt-to-Equity ratio of 0.83. However, investors should note the inherent risks associated with the SME segment and the competitive nature of the apparel industry.
Overall, the IPO presents a growth-oriented opportunity. The heavy tilt toward a fresh issue suggests that the promoters are invested in the company's expansion rather than simply exiting, providing a more balanced view for long-term investors.