Fascinate Textiles IPO

The Fascinate Textiles SME IPO runs from 11 Aug 2026 to 19 Aug 2026, offered at a price band of ₹142–151 per share, and is set to list on NSE. The company is looking to raise ₹64.83 crore through the offer. Retail investors bid in lots of 800 shares, a minimum application of ₹2,41,600.

Issue structure

The offer combines a fresh issue of ₹48.96 crore with an offer for sale (OFS) of ₹12.62 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding the working capital requirements (₹19.03 crore), alongside funding capital expenditure requirement towards setting up additional manufacturing facility. (₹12.4 crore). In all, 5 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Fascinate Textiles reported revenue of ₹117.23 crore and a net profit of ₹15.07 crore. Revenue grew from ₹28.9 crore in FY2024 to ₹117.23 crore in FY2026 (+306.0%). Net worth stood at ₹31.44 crore at the end of FY2026. At the upper band, that puts the issue at roughly 10.3× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 13.79× post-issue earnings and 4.95× book value, against a return on net worth of 48.02% and a debt-to-equity ratio of 0.83. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Iris Clothings Limited and Kewal Kiran Clothing Ltd, with a median peer P/E of about 38.3×. The issue's own post-issue P/E works out to 13.79×.

Promoters

The promoters of the company are <p>Vishal Nahar, Chirag Ahuja, Rishabh Nahar, Narinder Kumar Ahuja, Vishal Nahar (HUF)</p>. Promoter holding stands at 99.46% before the issue and comes down to 68.4% after listing.

Grey market premium (GMP)

In the unofficial grey market, Fascinate Textiles shares are quoted at a premium of ₹0 implying an expected listing around ₹151, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Fascinate Textiles IPO was subscribed 1.48 times overall. The strongest demand came from qualified institutional buyers (QIB) at 22.74 times, with non-institutional investors (NII) at 1.06× and retail investors at 1.37×.

What to weigh

When evaluating the Fascinate Textiles IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Fascinate Textiles

Incorporated in&nbsp;2017,&nbsp;Fascinate Textiles Limited is engaged in the manufacturing of readymade garments. The company's product range spans menswear, womenswear, and childrenswear, with a significant portion of their output focused on garments for children. The&nbsp;offerings include t-shirts, joggers, vests, leggings, shorts, and infant wear, among others, catering to a variety of end-use segments and age groups. Product Portfolio: INFANT WEAR KIDS WEAR WOMENS WEAR MENS WEAR Competitive Strengths: End-to-end manufacturing capability Versatile product range with customisation capabilities Quality control framework Business model-order driven approach Experienced management and workforce Existing relationships with clients