Fascinate Textiles IPO
smelistedAbout the company
Incorporated in 2017, Fascinate Textiles manufactures readymade garments and operates from West Bengal. Its product portfolio covers menswear, womenswear and childrenswear, with a strong focus on kids and infant garments such as t-shirts, joggers, vests, leggings, shorts and infant wear. The company follows an integrated manufacturing model, with most major production activities handled in-house. Knitting and dyeing are outsourced to job workers, while general-purpose stitching is also outsourced. However, stitching for specialised products is carried out internally. The company operates one manufacturing unit with capacity to produce 2,40,000 kg of knitted fabric and 3,50,000 meters of woven fabric. However, utilisation remains low in these two areas. Knitted fabric production stood at 53,593.62 kg, translating into 22.3% utilisation, while woven fabric production was 24,883.51 meters, resulting in 7.1% utilisation in FY26. The business remains largely B2B, accounting for 99.7% of total revenue in FY26, while B2C contributes a mere 0.25%. These include retail chains and wholesalers among its B2B customers. Kids garments contributed the maximum to revenue of 38.4% of total revenue, followed by men's garments with 28.7% of total revenue, infant garments with 21.9% of total revenue and women's garments with 8.7% of total revenue in FY26. The concentration of customers is still quite high. The top five customers accounted for 56.3% of sales in FY26 and the top ten customers accounted for 72.9%. West Bengal is still the company’s biggest domestic market, contributing 67.1% of the revenue in FY26. Karnataka was the second largest market with 21.2% followed by Haryana at 3.6%. The company started exporting in FY26, initially entering Saudi Arabia and the UAE. Exports to Saudi Arabia generated ₹3.68 crore, while exports to the UAE contributed ₹0.12 crore.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 13 Aug | ₹0 | ₹151 | 0 |
| 12 Aug | ₹0 | ₹151 | 0 |
| 11 Aug | ₹0 | ₹151 | 0 |
| 10 Aug | ₹0 | ₹151 | 0 |
| 09 Aug | ₹0 | ₹151 | 0 |
| 08 Aug | ₹0 | ₹151 | 0 |
| 07 Aug | ₹0 | ₹151 | 0 |
| 06 Aug | ₹0 | ₹151 | 0 |
Strengths
- Engaged in the manufacturing and trading of textile and garment products.
- Diversified product portfolio catering to multiple customer segments.
- Established customer relationships supporting repeat business.
- Focus on quality standards and efficient manufacturing processes.
- IPO proceeds are expected to support business expansion and working capital.
Risks
- Operates in the highly competitive textile and apparel industry.
- Business is exposed to fluctuations in raw material prices, particularly cotton and yarn.
- Demand is sensitive to changes in consumer spending and economic conditions.
- Revenue concentration among key customers could impact performance if orders decline.
- SME-listed stocks generally have lower liquidity and higher post-listing price volatility.
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed11 Aug 2026Bidding starts for all investor categories
IPO Closes
Completed19 Aug 2026Last day to place your bid
Basis of Allotment
Completed20 Aug 2026Share allotment finalised
Refund Initiation
Completed21 Aug 2026Refunds credited for non-allottees
Credit to Demat
Completed21 Aug 2026Allotted shares credited to demat account
Listing on Exchange
Completed24 Aug 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 800 | ₹120,800 | 1 | ₹120,800 | 1 lot only |
| HNI | 2 | 1600 | ₹241,600 | 2 | ₹241,600 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,218,430 | 32.5 | 2,218,430 | 1.00x | 100% |
| NII | 15% | 665,529 | 9.75 | 6,655 | 0.01x | 100% |
| Retail | 35% | 1,552,901 | 22.75 | 108,703 | 0.07x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
