Fractal Industries IPO GMP

February 23, 2026 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Fractal Industries IPO opens for subscription on February 16, 2026, and closes on February 18, 2026, with an issue size of ₹49 crore entirely as a fresh issue of 0.23 crore shares priced at ₹205 – ₹216 per share for listing on BSE SME on February 24. Noida-based garment manufacturer and e-commerce supply chain specialist supplies to Myntra, Ajio, and Flipkart, leveraging four owned facilities for apparel production and logistics. Fractal Industries IPO targets investors in booming e-tail logistics and textile manufacturing consolidation.

₹5

Latest IPO GMP

Last updated on 23 Feb 2026 19.08

₹216

IPO Offer Price

*cut off price

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Listing Price

Listing Date 24/02/2026

Expert Opinions

Market sentiment for Fractal Industries IPO reflects neutral investor response with moderate 5.44x subscription led by HNIs, balancing e-commerce apparel tailwinds against SME pricing concerns. Company strengths feature 71% revenue surge to ₹85.51 crore, 232% PAT growth to ₹7.54 crore, vertically integrated garment production for Myntra/Ajio, and 95% capacity utilization across four facilities. Risks include client concentration dependency, working capital intensity from inventory cycles, raw material cotton volatility, and competition from larger textile exporters.

Valuation analysis for Fractal Industries IPO and year 2025 demonstrates Return on Equity (ROE) of 63.20%, ROCE of 25.07%, and Net Asset Value (NAV) of ₹28.54, trading at 15.99x P/E reasonably within fast-fashion multiples. Long-term investment perspective supports growth as online apparel penetration hits 30% by 2030 through capacity expansion and brand diversification.

Investor Considerations

Fractal Industries IPO demonstrates robust company performance and fundamentals in FY 2025, with revenue accelerating 71% to ₹85.51 crore and PAT surging 232% to ₹7.54 crore through e-commerce supply chain optimization. Online apparel sector outlook projects 25% CAGR as quick commerce penetration reaches 30% market share by 2030. IPO Valuation of Financial Year 2025 for Fractal Industries IPO and year reveals Price to Book Value of 7.57, PAT Margin of 8.82%, and Debt/Equity of 1.76, reflecting growth premium within reasonable textile multiples.

Growth prospects leverage machinery modernization and working capital infusion targeting 20% capacity utilization gains. Risk factors encompass customer concentration with platform partners, cotton price volatility, labor-intensive execution risks, and inventory holding periods. Short-term investment goals monitor SME listing dynamics carefully, whereas long-term horizons benefit from organized textile consolidation and export diversification.