Mumbai-based garment and supply-chain solutions firm Fractal Industries is gearing up to launch its initial public offering (IPO) on February 16, 2026, aiming to raise approximately US $5.41 million (about ₹49 crore) from public investors. This marks a significant milestone for the company as it seeks fresh capital to support expansion and working capital needs.
The IPO comprises a fresh issue of shares only, with no existing shareholders selling any stake as part of the offer. Shares are being priced in a band of ₹205 to ₹216 each, with roughly 22.68 lakh equity shares available at the upper end of the price range.
Fractal Industries specialises in designing, sourcing and manufacturing garments, and provides technology-enabled supply-chain management and warehousing services tailored for leading e-commerce platforms such as Myntra, Ajio, and other major online marketplaces. The company operates a manufacturing unit in Mumbai and has warehousing facilities across several Indian states including Gujarat, Maharashtra, Haryana, West Bengal and Karnataka. Its monthly production capacity exceeds 300,000 garment units, reflecting its scalable operational footprint.
The firm plans to use the majority of the proceeds—around ₹36.5 crore (≈ US $4.03 million)—to fund working capital requirements associated with inventory, operations and order execution. The rest will support general corporate purposes.
Financial disclosures show that Fractal Industries has been on a growth trajectory: in the six months ending September 30, 2025, the company posted revenue of approximately ₹47.29 crore (about US $5.22 million), and in FY2025 it recorded ₹85.44 crore in annual revenues, underlining expanding business momentum ahead of its public market debut.
The IPO will be listed on the BSE SME platform, where subscription and listing performance will be closely watched by retail and institutional investors alike amid a busy period in India’s primary market.
