Fascinate Textiles IPO was an SME book-built public issue of Fascinate Textiles Limited. The company offered 42,93,600 equity shares with a face value of ₹10 each. The issue comprised a fresh issue of 34,57,600 shares and an Offer for Sale of 8,36,000 shares. The price band was fixed at ₹148 to ₹156 per share, making the total issue size approximately ₹63.55 crore to ₹66.98 crore depending on the final issue price.
The IPO opened on August 11, 2026. The company subsequently completed the issue process and its shares were listed on the NSE SME platform on August 24, 2026. The final issue price was ₹151 per share.
Fascinate Textiles Limited is engaged in the manufacturing of readymade garments. The company manufactures apparel for men, women and children, with a significant focus on children’s garments. Its product range includes T-shirts, joggers, vests, leggings, shorts and infant wear.
The company was incorporated in 2017 and operates from West Bengal. Its official website describes the business as a garment manufacturer supplying knit and woven apparel to domestic and global markets.
The company reported revenue from operations of ₹117.09 crore and net profit of ₹15.10 crore for FY2026, compared with revenue of ₹60.28 crore and profit of ₹5.81 crore in FY2025.
Fascinate Textiles IPO Details
| Information | Details |
|---|---|
| IPO Name | Fascinate Textiles IPO |
| Company Name | Fascinate Textiles Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹148 to ₹156 Per Share |
| Final Issue Price | ₹151 Per Share |
| Total Issue Size | ₹64.83 Crore |
| Fresh Issue | 34,57,600 Equity Shares |
| Offer for Sale | 8,36,000 Equity Shares |
| Total Shares Offered | 42,93,600 Equity Shares |
| Market Maker Reservation | 2,15,200 Equity Shares |
| IPO Open Date | 11 August 2026 |
| IPO Close Date | 19 August 2026 |
| Basis of Allotment | 20 August 2026 |
| Refund Initiation | 21 August 2026 |
| Shares Credited to Demat | 21 August 2026 |
| Listing Date | 24 August 2026 |
| Listing Exchange | NSE SME |
| Lot Size | 800 Shares |
| Minimum Application | 1,600 Shares |
| Minimum Investment at Final Price | ₹2,41,600 |
| Lead Manager | Affinity Global Capital Market Private Limited |
| Registrar | Cameo Corporate Services Limited |
The RHP structure provided for 42,93,600 shares, consisting of 34,57,600 fresh shares and 8,36,000 OFS shares. Of these, 2,15,200 shares were reserved for the market maker.
Fascinate Textiles IPO Dates
| IPO Event | Date |
|---|---|
| IPO Opening Date | 11 August 2026 |
| IPO Closing Date | 19 August 2026 |
| Basis of Allotment | 20 August 2026 |
| Refund Initiation | 21 August 2026 |
| Shares Credited to Demat | 21 August 2026 |
| Listing Date | 24 August 2026 |
The IPO schedule reflects the completed issue process, with the shares admitted to trading on the NSE SME platform on August 24, 2026.
Fascinate Textiles IPO Reservation
The issue structure reserved shares for retail investors, non-institutional investors, qualified institutional buyers and the market maker.
| Investor Category | Shares Offered | Approx. Allocation |
|---|---|---|
| Retail Individual Investors | 24,19,200 | 56.34% |
| Non-Institutional Investors | 16,16,000 | 37.64% |
| Qualified Institutional Buyers | 43,200 | 1.01% |
| Market Maker | 2,15,200 | 5.01% |
| Total | 42,93,600 | 100% |
The reservation figures above are based on the issue structure and public offer information available for the IPO.
Fascinate Textiles IPO Lot Size
The minimum bid quantity was 800 shares, while the minimum application for individual investors was 1,600 shares. At the final issue price of ₹151, an application for 1,600 shares required ₹2,41,600.
| Application | Lots | Shares | Amount at ₹151 |
|---|---|---|---|
| Minimum Application | 2 Lots | 1,600 Shares | ₹2,41,600 |
| Additional Lot | 1 Lot | 800 Shares | ₹1,20,800 |
| 3 Lots | 3 Lots | 2,400 Shares | ₹3,62,400 |
| 4 Lots | 4 Lots | 3,200 Shares | ₹4,83,200 |
| 5 Lots | 5 Lots | 4,000 Shares | ₹6,04,000 |
The RHP issue structure specified bids of at least 1,600 shares and in multiples of 800 shares thereafter.
About Fascinate Textiles Limited
Fascinate Textiles Limited was incorporated in 2017 and is engaged in the manufacturing of readymade garments. The company operates from West Bengal and supplies garments across domestic and international markets.
Its product portfolio covers apparel for men, women and children. The company has a particular focus on children’s wear, with products such as T-shirts, joggers, leggings, vests, shorts and infant clothing.
The company’s official website identifies its product collections for boys, girls, infants, women and men. It also highlights its manufacturing operations and investor information.
Business Operations
Fascinate Textiles operates across several segments of the readymade garment business:
- Children’s Apparel: A significant part of the company’s product portfolio is focused on children’s garments.
- Men’s Wear: Products include T-shirts and other casual apparel.
- Women’s Wear: The company offers garments for women across different product categories.
- Infant Wear: The portfolio includes clothing designed for infants.
- Knit Garments: Manufacturing of knitted apparel for different customer requirements.
- Woven Garments: The company also manufactures woven apparel.
- Domestic Market: Products are supplied to customers within India.
- Export Market: The company also serves customers in international markets.
Industry Overview
India’s apparel and textile industry is supported by a large domestic consumer market and growing demand for organised and branded garments. The expansion of organised retail and e-commerce has created additional channels for apparel manufacturers.
Garment manufacturers can benefit from increasing demand for children’s wear, casual clothing, fashion apparel and everyday garments. Export opportunities can also provide additional growth avenues for manufacturers with suitable production capabilities.
At the same time, the industry is competitive and sensitive to raw-material prices, labour costs, changing fashion trends and consumer demand.
Cotton, yarn, fabrics and other inputs can affect production costs. Manufacturers must also manage inventory carefully because apparel demand can change rapidly according to seasons and consumer preferences.
Business Strategy
Fascinate Textiles’ business strategy is centred on manufacturing garments across multiple customer categories and product segments.
The company has developed a portfolio covering men, women and children, while maintaining a significant focus on children’s clothing. Its product diversification enables it to serve different apparel requirements.
The company is also focused on increasing manufacturing capacity. The IPO proceeds were proposed to support capital expenditure for an additional manufacturing facility, along with working capital and repayment or prepayment of certain loans.
The combination of capacity expansion and working-capital support is intended to help the company manage its growing business requirements.
Fascinate Textiles IPO Financial Information
Fascinate Textiles reported strong financial growth during the period covered by its IPO documents.
Revenue from operations increased from ₹21.86 crore in FY2023 to ₹28.90 crore in FY2024, ₹60.28 crore in FY2025 and ₹117.09 crore in FY2026.
Profit after tax increased from ₹0.36 crore in FY2023 to ₹0.48 crore in FY2024, ₹5.81 crore in FY2025 and ₹15.10 crore in FY2026.
Fascinate Textiles Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from Operations | ₹28.90 Crore | ₹60.28 Crore | ₹117.09 Crore |
| Profit After Tax | ₹0.48 Crore | ₹5.81 Crore | ₹15.10 Crore |
| Total Assets | ₹25.45 Crore | ₹42.26 Crore | — |
| Net Worth | ₹4.45 Crore | ₹10.45 Crore | — |
| Total Borrowings | ₹12.33 Crore | ₹18.21 Crore | — |
The available FY2026 information confirms revenue of ₹117.09 crore and PAT of ₹15.10 crore. The table does not insert unsupported FY2026 balance-sheet figures where the available source information does not provide them.
Fascinate Textiles IPO Key Performance Indicators
| KPI | FY2025 |
|---|---|
| EPS | ₹5.64 |
| ROE | 78.00% |
| ROCE | 42.41% |
| RONW | 55.63% |
| Pre-IPO P/E | 27.66x |
| Post-IPO P/E | 36.97x |
The FY2025 KPI figures reflect the financial-period information available in the IPO data.
Fascinate Textiles IPO Valuation
The IPO price band was ₹148 to ₹156 per share, with the final issue price fixed at ₹151 per share.
| Particular | Details |
|---|---|
| Price Band | ₹148 – ₹156 |
| Final Issue Price | ₹151 |
| Face Value | ₹10 |
| FY2025 EPS | ₹5.64 |
| Pre-IPO P/E | 27.66x |
| Post-IPO P/E | 36.97x |
The valuation should be assessed together with the company’s rapid revenue growth, profitability, working-capital requirements, debt position and the risks associated with the apparel manufacturing industry.
Objects of the Fascinate Textiles IPO
The fresh issue proceeds were proposed to be used for business expansion, working capital and financial obligations.
| Purpose | Details |
|---|---|
| Additional Manufacturing Facility | Funding capital expenditure requirements |
| Working Capital | Meeting working-capital requirements |
| Repayment / Prepayment of Loans | Repayment or prepayment of certain secured and unsecured loans |
| General Corporate Purposes | General permitted business requirements |
| Issue Expenses | Meeting offer-related expenses |
The IPO documents identify additional manufacturing capacity, working capital and repayment or prepayment of certain loans among the proposed uses of the issue proceeds.
Fascinate Textiles IPO GMP
Grey Market Premium is an unofficial market indicator and should not be treated as a guaranteed listing price or investment return.
Available GMP data around the issue did not show a dependable premium before listing. IPO Watch’s GMP page showed no quoted GMP for the recorded dates around the IPO.
| Period | GMP Status |
|---|---|
| Before IPO | No reliable GMP quotation available |
| IPO Period | No reliable GMP quotation available |
| Before Listing | No reliable GMP quotation available |
The absence of a reliable GMP should not be interpreted as a positive or negative signal about the company’s long-term prospects.
Fascinate Textiles IPO Listing Performance
Fascinate Textiles shares were listed on the NSE SME platform on August 24, 2026.
The final issue price was ₹151 per share. The shares opened at ₹120.80, representing a discount of approximately 20% to the issue price. The stock subsequently touched an intraday low of ₹114.80.
| Particular | Value |
|---|---|
| Listing Exchange | NSE SME |
| Listing Date | 24 August 2026 |
| Final Issue Price | ₹151 Per Share |
| Opening Price | ₹120.80 Per Share |
| Listing Difference | -₹30.20 Per Share |
| Listing Gain / Loss | Approximately -20.00% |
The weak listing performance contrasts with the company’s reported FY2026 revenue and profit growth.
Fascinate Textiles IPO Subscription Status
The IPO received total subscription of approximately 1.45 times by the close of bidding.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers | 22.74x |
| Non-Institutional Investors | 1.06x |
| Retail Individual Investors | 1.37x |
| Total Subscription | 1.45x |
The QIB portion saw substantially stronger demand than the retail and NII categories.
Fascinate Textiles IPO Review
Fascinate Textiles operates in the readymade garment manufacturing industry with a product portfolio spanning men’s, women’s and children’s apparel. Its significant focus on children’s wear gives it exposure to a specialised and recurring apparel segment.
The company recorded strong revenue growth. Revenue from operations increased from ₹60.28 crore in FY2025 to ₹117.09 crore in FY2026, while PAT increased from ₹5.81 crore to ₹15.10 crore.
The proposed use of IPO proceeds toward an additional manufacturing facility could increase production capacity. Working-capital funding may also help the company support higher production and sales volumes.
However, the business remains exposed to raw-material costs, labour expenses, changing consumer preferences and competition in the apparel market. Garment manufacturers must also maintain quality, delivery schedules and product variety to retain customers.
The company’s borrowings increased between FY2024 and FY2025, making the proposed repayment or prepayment of certain loans an important part of the IPO objects.
Another factor for investors is the SME listing. SME stocks can experience higher price volatility and lower liquidity compared with larger listed companies.
The IPO received 1.45 times overall subscription, led by strong QIB demand. Despite this, the stock opened at ₹120.80 against the final issue price of ₹151, resulting in an approximately 20% discount on listing day.
Overall, Fascinate Textiles combines strong recent revenue and profit growth with an expansion-oriented IPO plan. Investors should nevertheless evaluate the company’s debt, working-capital requirements, customer profile, manufacturing expansion and industry risks before making an investment decision.
Fascinate Textiles IPO Strengths
- Established garment manufacturing business since 2017.
- Products for men, women and children.
- Significant focus on children’s apparel.
- Product portfolio includes T-shirts, joggers, vests, leggings, shorts and infant wear.
- Presence across knit and woven apparel.
- Revenue from operations increased substantially in FY2026.
- PAT increased strongly from FY2025 to FY2026.
- IPO proceeds support additional manufacturing capacity.
- Proposed funding for working-capital requirements.
- Proposed repayment or prepayment of certain loans.
- Presence in both domestic and international markets.
Fascinate Textiles IPO Risk Factors
- Apparel manufacturing is highly competitive.
- Raw-material price fluctuations can affect margins.
- Changing fashion and consumer preferences can affect demand.
- Working-capital requirements can be significant.
- The company has borrowings that were proposed to be partly repaid or prepaid from IPO proceeds.
- Manufacturing expansion requires timely execution.
- Dependence on customers and market demand can affect revenue.
- SME-listed stocks can experience higher volatility and lower liquidity.
- The company’s IPO listed at a substantial discount to its issue price, demonstrating the potential volatility of the stock.
Fascinate Textiles IPO Promoters
The promoters identified in the IPO information include Vishal Nahar, Chirag Ahuja and Rishabh Nahar.
| Promoter | Status |
|---|---|
| Vishal Nahar | Promoter |
| Chirag Ahuja | Promoter |
| Rishabh Nahar | Promoter |
Fascinate Textiles IPO Management Team
The company’s key management includes Vishal Nahar and Chirag Ahuja.
| Name | Designation |
|---|---|
| Vishal Nahar | Chairman & Managing Director |
| Chirag Ahuja | Whole Time Director & Chief Financial Officer |
The company information identifies Vishal Nahar as Chairman and Managing Director and Chirag Ahuja as Whole Time Director and Chief Financial Officer.
Fascinate Textiles IPO Registrar Details
| Particular | Details |
|---|---|
| Registrar | Cameo Corporate Services Limited |
| Role | Registrar to the Issue |
| Telephone | +91 44 28460390 / 28460391 / 28460392 |
Cameo Corporate Services Limited acted as the registrar for the issue.
Fascinate Textiles IPO Lead Manager Details
| Particular | Details |
|---|---|
| Lead Manager | Affinity Global Capital Market Private Limited |
| Role | Book Running Lead Manager |
| Listing Platform | NSE SME |
Affinity Global Capital Market Private Limited was identified as the lead manager for the issue.
Fascinate Textiles Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Fascinate Textiles Limited |
| Registered Office | 3/A, Digberia, Kutul Sahi Road, Barasat, Ward No. 29, Kolkata, West Bengal – 700124 |
| Phone | +91 81004 59019 |
| [email protected] | |
| Business / Investor Website | https://fascinatetextile.com/ |
The company’s official IPO page identifies Fascinate Textiles Limited as a garment manufacturer operating since 2017 and provides its registered office and contact information.
How to Check Fascinate Textiles IPO Allotment Status
Investors can check the Fascinate Textiles IPO allotment status through the registrar’s facility.
Through Cameo Corporate Services
- Open the IPO allotment facility.
- Select Fascinate Textiles Limited.
- Choose the relevant search option.
- Enter the PAN, application number or DP/Client ID.
- Complete the required verification.
- Submit the details to view the allotment status.
Through Stock Exchange
Investors can also check the relevant exchange information using their application details.
The basis of allotment was finalised on August 20, 2026, followed by refund and demat-credit activities, with listing on August 24, 2026.
Fascinate Textiles IPO Conclusion
Fascinate Textiles IPO offered investors exposure to a West Bengal-based readymade garment manufacturer serving men’s, women’s and children’s apparel markets. The company has a particular focus on children’s wear and manufactures products including T-shirts, joggers, leggings, vests, shorts and infant wear.
The company delivered strong financial growth in FY2026. Revenue from operations increased to ₹117.09 crore from ₹60.28 crore in FY2025, while PAT increased to ₹15.10 crore from ₹5.81 crore.
The IPO proceeds were intended to support additional manufacturing capacity, working capital, repayment or prepayment of certain loans and general corporate purposes. These objectives are designed to support the company’s expansion and financial requirements.
The IPO was offered at a price band of ₹148 to ₹156 per share and the final issue price was ₹151. The issue received overall subscription of approximately 1.45 times, with QIBs recording particularly strong demand at 22.74 times.
However, the stock’s August 24 listing at ₹120.80, approximately 20% below the ₹151 issue price, highlights the market volatility that can accompany SME IPOs.
For investors evaluating Fascinate Textiles beyond the IPO, the key factors to monitor include revenue growth, profitability, capacity utilisation, working-capital management, debt reduction, customer diversification and the performance of the new manufacturing facility.
Fascinate Textiles IPO FAQs
What is Fascinate Textiles IPO?
Fascinate Textiles IPO was an SME book-built public issue of Fascinate Textiles Limited comprising 34,57,600 fresh equity shares and 8,36,000 equity shares offered through an Offer for Sale.
What was the Fascinate Textiles IPO price band?
The IPO price band was ₹148 to ₹156 per equity share. The final issue price was ₹151 per share.
What was the Fascinate Textiles IPO issue size?
The final issue size was approximately ₹64.83 crore, comprising 42,93,600 equity shares.
What was the Fascinate Textiles IPO lot size?
The lot size was 800 shares, while the minimum application was 1,600 shares. At ₹151 per share, the minimum application value was ₹2,41,600.
When was the Fascinate Textiles IPO allotment date?
The basis of allotment was finalised on August 20, 2026.
When was the Fascinate Textiles IPO listing date?
Fascinate Textiles shares were listed on the NSE SME platform on August 24, 2026.
What was the Fascinate Textiles IPO listing price?
The shares opened at ₹120.80 against the final issue price of ₹151.
What was the Fascinate Textiles IPO subscription status?
The IPO was subscribed approximately 1.45 times overall, with QIBs at 22.74x, NIIs at 1.06x and retail investors at 1.37x.
What was the Fascinate Textiles IPO GMP?
No reliable GMP quotation was available in the recorded GMP data around the issue. GMP is unofficial and should not be treated as a guaranteed listing indicator.
What does Fascinate Textiles Limited do?
Fascinate Textiles Limited manufactures readymade garments for men, women and children, with a significant focus on children’s apparel. Its products include T-shirts, joggers, vests, leggings, shorts and infant wear.
