Fractal Industries IPO
UpcomingAlready have an account? Apply now
Fractal Industries IPO details
Schedule of Fractal Industries
| Issue open date | 16 Feb 2026 |
| Issue close date | 18 Feb 2026 |
| UPI mandate deadline | 18 Feb 2026 (5 PM) |
| Allotment finalization | 19 Feb 2026 |
| Refund initiation | 20 Feb 2026 |
| Share credit | 20 Feb 2026 |
| Listing date | 23 Feb 2026 |
| Mandate end date | 05 Mar 2026 |
| Lock-in end date for anchor investors (50%) | 21 Mar 2026 |
| Lock-in end date for anchor investors (remaining) | 20 May 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Fractal Industries
Fractal Industries Limited was incorporated in January 2020 and converted into a public limited company in March 2025. The Company is promoted by Mr Pankaj Bishwanath Agrawal and Mrs Priti Pankaj Agrawal. The Company operates as a full-service garment manufacturing and technology-driven supply chain management company. It focuses on fast-moving, high-quality apparel for large e-commerce marketplaces such as Myntra, Ajio and similar platforms. Operations span designing, sourcing and manufacturing garments, along with end-to-end warehousing, fulfilment, and logistics services across India. Fractal Industries follows an integrated business model that combines agile design-to-delivery manufacturing with scalable production and data-driven supply chain solutions. Its manufacturing unit is located in Mumbai, supported by warehouses in multiple states, enabling efficient multi-marketplace order fulfilment. Key offerings include apparel manufacturing, inventory and returns management, order management systems, data analytics, and integrated logistics solutions. The Company’s strengths lie in its technology-enabled operations, pan-India supply chain presence, strong marketplace relationships, and ability to deliver speed, quality and scale for e-commerce-led apparel brands.
Financials of Fractal Industries
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 49 |
| Fresh Issue – Proceeds go to the company | 49 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 36.5 (74.49%) |
| General corporate purposes | 12.5 (25.51%) |
Strengths
- Integrated apparel manufacturing and tech-driven supply chain model.
- Strong relationships with leading e-commerce marketplaces.
- Pan-India warehousing and fulfilment infrastructure.
- Scalable production capacity focused on fast fashion.
- Data-led systems are improving inventory, logistics, and turnaround time.
Risks
- High revenue concentration from a limited number of customers.
- Dependence on third-party online marketplaces for the majority of sales.
- Exposure to changing fashion trends and demand volatility.
- Working capital–intensive operations impact cash flows.
- Operational risks in inventory management, returns, and warehousing