Fractal Industries IPO

The Fractal Industries IPO is a book-building IPO of ₹49 crores, entirely a fresh issue of 0.23 crore shares. The price band for this offer is set at ₹205 to ₹216 per share, with the lot size for an application being 600. So, the minimum amount of investment required by an individual investor (retail investor) is ₹259,200 (1,200 shares). The IPO opens for subscription from Feb 16, 2026, to Feb 18, 2026, on the listed platforms, i.e., BSE SME, with a tentative listing date fixed as Feb 24, 2026.

Company Background

Fractal Industries Ltd. was incorporated in January 2020 and has lately emerged as a high-growth, full-service garment manufacturer and specialized supply chain partner headquartered in Mumbai. The company operates a cultivated end-to-end ecosystem that seamlessly integrates trend-driven apparel design, large-scale production, and tech-enabled warehousing. After being converted into a public company, this company now serves as a vital operational backbone for India’s premier e-commerce marketplaces like Myntra and Ajio. By combining agile manufacturing with data-backed logistics, the company empowers modern fashion brands to achieve rapid speed-to-market in a highly competitive digital landscape.

Operations and Product Range

Facilities and Production

Fractal Industries Ltd. operates a primary state-of-the-art manufacturing facility in Mumbai, boasting a monthly production capacity of over 300,000 garments. To ensure rapid delivery for e-commerce partners, the company maintains a strong PAN-India logistics footprint with strategically located warehouses across Maharashtra, Gujarat, Haryana, West Bengal, and Karnataka, covering approximately 35,000 sq. ft. of tech-enabled space.

Brands and Market Presence

While serving major B2B clients, Fractal Industries Ltd. launched its direct-to-consumer (D2C) brand, “7ate9,” in May 2025. Mainly focusing on Gen Z, the brand focuses on street style and "culture drops." FIPL maintains a strong market presence by acting as a preferred manufacturing partner for India’s largest e-commerce platforms, including Myntra, Ajio, and Flipkart, ensuring their labels meet "fast fashion" timelines.

Revenue Channels

Fractal Industries Ltd. generates revenue through its 3 primary models. This diversified mix allows them to balance high-volume bulk orders with higher-margin direct retail sales.

• • Outright Sales: Garments are sold in bulk to marketplaces.
• • PPMP (Pure Play Marketplace) Model: management of end-to-end fulfillment for a marketplace’s own private labels.
• • Direct-to-Consumer (D2C) Sales via their brand "7ate9."

Management & Shareholding

Promoter & Shareholding

Fractal Industries Ltd. is primarily promoted by Mr. Pankaj Bishwanath Agrawal and Mrs. Priti Pankaj Agrawal. Together with the promoter group, they have steered the company from its inception to its current scale. The IPO consists of a fresh issue of approximately ₹49 Cr, with no offer for sale. It means there is no dilution in the stake of the promoters.

Board Members

The board members of Fractal Industries Ltd. comprise experienced professionals, including Mr. Pankaj Agrawal, Mr. Vikas Tekriwal, and Mr. Shiv Kumar Mittal. The governance structure also includes independent directors such as Mr. Vipul Ratan and Ms. Neha Yogesh Khemka, ensuring regulatory compliance and strategic oversight.