
Business Services · BSE
Fractal Industries is a garment manufacturing and supply chain company that designs, sources, and manufactures apparel while also managing warehousing and logistics for leading e-commerce platforms such as Myntra, Ajio, and Flipkart. The company operates across India and focuses on producing fast-selling, high-quality clothing for online marketplaces, along with services like order and product management, inventory and return handling, logistics support, data analysis, multi-channel sales assistance, and order issue tracking. Its business includes selling garments in bulk to platforms, manufacturing products for marketplace-owned brands under the PPMP model, and selling directly to customers through its own brand “7ate9” launched in May 2025. Fractal Industries has a manufacturing unit in Mumbai with a monthly capacity of over 3,00,000 garments and operates warehouses across Gujarat, Maharashtra, Haryana, West Bengal, and Karnataka.
Price Band
₹205 – ₹216
Issue Size
₹226.86 L Cr
Lot Size
600 shares
GMP
+1.4%
Est. Listing
₹219
at current GMP
Subscribed
5.52x
overall
Open
16 Feb 2026
Close
18 Feb 2026
Allotment
20 Feb 2026
Refund
21 Feb 2026
Demat Credit
22 Feb 2026
Listing
24 Feb 2026
Overall Subscription
5.52x
Total Demand
QIB Multiplier
5.95x
Institutions & Funds
NII / HNI
8.27x
High Net-Worth
Retail (RII)
4.09x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 430,800 | 2,562,000 | 5.95x |
| NIB | 324,000 | 2,678,400 | 8.27x |
| HNIs(10L +) | 216,000 | 2,154,600 | 9.97x |
| HNIs (2-10L) | 108,000 | 523,800 | 4.85x |
| RETAIL | 754,800 | 3,087,600 | 4.09x |
| Total | 1,833,600 | 11,006,400 | 5.52x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 8 | 0.00x |
| NIB | — | 689 | 0.00x |
| RETAIL | 629 | 2,573 | 4.09x |
| HNIs(10L +) | 120 | 416 | 3.47x |
| HNIs (2-10L) | 60 | 273 | 4.55x |
| Total Applications | 809 | 3,959 | 4.89x |
Fractal Industries Limited is bringing an initial public offering (IPO) in the Business Services sector with an aggregate issue size of ₹22,68,600 Crores. The shares are offered at a price band of ₹205 to ₹216 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 600 shares (approx. ₹1,29,600 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-02-22, while un-allotted funds or UPI block mandates will be released on 2026-02-21.
The Fractal Industries Limited IPO aggregate issue size is ₹22,68,600 Crores with an equity price band set at ₹205 to ₹216 per equity share. The retail lot size is 600 shares requiring a minimum capital outlay of approx. ₹1,29,600.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-02-20.