Mumbai, February 16, 2026 (IST) – Fractal Industries Limited has opened its SME initial public offering for subscription today, with the company having already secured ₹13.93 crore through anchor investor allocation at the upper price band of ₹216 per equity share.
The IPO, aggregating to 16,23,600 equity shares, is priced in the band of ₹205 to ₹216 per share, with a total issue size of approximately ₹35.07 crore at the upper band. The issue will close on February 18, 2026, and the shares are scheduled to list on February 23, 2026.
Anchor Allocation: ₹13.93 Crore Raised at Upper Band
In a communication dated February 13, 2026, the company informed BSE that its Board, in consultation with the Book Running Lead Manager, finalized allocation of 6,45,000 equity shares to anchor investors at ₹216 per share, including a premium of ₹206 per share .Anchor Allocation Details
| Sr. No. | Anchor Investor | Shares Allocated | % of Anchor Portion | Price (₹) | Amount (₹) |
|---|---|---|---|---|---|
| 1 | Minerva Ventures Fund | 1,62,600 | 25.21% | 216 | 3,51,21,600 |
| 2 | Visionary Value Fund | 1,15,800 | 17.95% | 216 | 2,50,12,800 |
| 3 | Zeal Global Opportunities Fund | 93,000 | 14.42% | 216 | 2,00,88,000 |
| 4 | Rajasthan Global Securities Pvt Ltd | 93,000 | 14.42% | 216 | 2,00,88,000 |
| 5 | LRSD Securities Pvt Ltd | 93,000 | 14.42% | 216 | 2,00,88,000 |
| 6 | Arnesta Global Opportunities Fund PCC – Arnesta Global Fund 1 | 87,600 | 13.58% | 216 | 1,89,21,600 |
| Total | 6,45,000 | 100% | 13,93,20,000 |
As per regulatory provisions cited in the company’s letter, if the issue price discovered through the book-building process exceeds the anchor allocation price, anchor investors will be required to pay the differential amount .
IPO Structure and Key Terms
| Particulars | Details |
|---|---|
| Security Type | Equity |
| Symbol | FIL |
| Issue Period | February 16 – February 18, 2026 |
| Issue Size | 16,23,600 shares |
| Price Band | ₹205 – ₹216 |
| Face Value | ₹10 |
| Market Lot | 600 shares |
| Minimum Bid Quantity | 1,200 shares |
| Book Running Lead Manager | Finaax Capital Advisors Pvt Ltd |
| Registrar | KFin Technologies Ltd |
IPO Timeline
| Event | Date |
|---|---|
| Issue Opens | February 16, 2026 |
| Issue Closes | February 18, 2026 |
| Allotment Finalization | February 19, 2026 |
| Refund Initiation | February 20, 2026 |
| Share Credit | February 20, 2026 |
| Listing Date | February 23, 2026 |
About Fractal Industries Limited
Incorporated in January 2020 and converted into a public limited company in March 2025, Fractal Industries Limited operates as a full-service garment manufacturing and technology-driven supply chain management company.The company focuses on fast-moving, high-quality apparel for large e-commerce marketplaces. Its integrated model covers designing, sourcing, manufacturing, warehousing, fulfillment, logistics, inventory and returns management, and data-driven order management systems.
Its manufacturing facility is located in Mumbai, supported by warehouses across multiple states to enable pan-India distribution and multi-marketplace order fulfillment.
With anchor demand absorbed at the upper price band and the public issue now open for subscription, investor response over the next three days will determine final pricing and subscription momentum ahead of its scheduled SME listing on February 23.
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