About Fascinate Textiles IPO
Fascinate Textiles IPO Details
Fascinate Textiles IPO is a 100% book-built issue of 42.94 lakh equity shares, which includes a fresh issue of 34.58 lakh equity shares and an offer for sale of 8.36 lakh equity shares, each with a face value of ₹10. The company filed its DRHP with SEBI on Sep 26, 2026.
The price band and official dates of listing and subscription will be announced by the company later, but the shares are supposed to be listed on the NSE SME platform. The book-running lead manager of this issue is Affinity Global Capital Market Private Ltd., while the registrar to the offer is Cameo Corporate Services Ltd.
Fascinate Textiles IPO Date & Timeline
Fascinate Textiles Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on Sep 26, 2026. However, the specific Fascinate Textiles IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalise the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
Fascinate Textiles IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
Fascinate Textiles IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Capital & OFS |
| Total Issue Size | 42,94,000 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | 34,58,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 8,36,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,03,03,293 shares |
| Share Holding Post Issue | 1,37,61,293 shares |
Fascinate Textiles IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Fascinate Textiles IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
Fascinate Textiles Ltd. was incorporated in February 2017 as a private limited company. The company had achieved significant scalability in its business before it transformed into a public limited company in April 2025.
Fascinate was started by a vision of providing quality apparel for the domestic market. The company has its registered office at Kolkata, West Bengal. The company has transformed over time and has become a trustworthy and integrated garment manufacturing company, providing readymade garments for men, women, and kids, especially kids.
Operations & Product Range
The main business of Fascinate Textiles Ltd. includes the complete manufacturing of readymade garments. These readymade garments include all kinds of menswear, women’s wear, and children's wear. Fascinate Textiles Ltd. operates a highly integrated business, while its target market includes a vast number of retailers and wholesalers in the domestic market. They provide these retailers and wholesalers with bulk solutions for ready-made apparel according to changing fashion trends.
Facilities & Capacity
Fascinate Textiles Ltd.'s well-equipped manufacturing facility is based at Barasat, West Bengal. They have their own in-house team for designing and merchandising in their manufacturing facility. They plan to use a significant amount of money that is being raised in the fresh issue for capital expenditure towards setting up another manufacturing facility, which will enable them to increase their installed capacity to meet the growing demand from their increasing retail and wholesale customers.
Brands & Market Presence
Fascinate Textiles Ltd. has been able to establish a reputation in the industry through its B2B business model by ensuring quality in garment manufacturing services for a pre-established list of large retailers and wholesalers across the country. Its focus on quality and excellence in operations can be gauged through its achievement of the ISO 9001:2015 certification in ensuring a set of quality management systems that are adhered to consistently a significant factor in a highly competitive industry.
Revenue Streams & Business Model
Fascinate Textiles Ltd. generates revenue through a B2B (business-to-business) model based on bulk orders for readymade garments. As the company controls all the activities involved in the production process internally, it enjoys good margins for operations. The emphasis placed on children’s wear ensures a stable inflow of orders during different seasons, as children’s wear is known for stable demand volumes.
Management & Shareholding
Fascinate Textiles Ltd. is promoted by Vishal Nahar, Chirag Ahuja, Rishabh Nahar, Narinder Kumar Ahuja and Vishal Nahar HUF. These promoters have considerable technical and operational expertise in the textile industry. Before the IPO, the promoter group held a substantial 99.46% of the pre-issue equity share capital. The fresh issue of shares and OFS would dilute the promoters’ shareholding, while the existing founders continue to steer the strategic vision.
Board & Key Management
The members of the board of Fascinate Textiles Ltd. include veterans and operational heads of the industry, responsible for guiding the overall strategic vision of the organisation. For ensuring proper corporate governance, professionals have been appointed for compliance and financial reporting. The management team includes CS Ritika Sharma, who is also responsible for compliance, ensuring that the firm meets all requirements as it transforms into a listed entity.
Fascinate Textiles IPO Financial Information
Latest Revenue
60.28
₹ Crore
Profit After Tax
5.81
₹ Crore
Net Worth
10.45
₹ Crore
Total Borrowing
18.21
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 42.26 | 60.28 | 5.81 | 10.45 | 9.04 | 18.21 | |||
| 31 Mar 2024 | 25.45 | 28.90 | 0.48 | 4.45 | 3.05 | 12.33 | |||
| 31 Mar 2023 | 15.77 | 21.86 | 0.36 | 2.73 | 1.53 | 6.43 | |||
| Amount in ₹ Crore | |||||||||
Fascinate Textiles Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 78.00% |
| ROCE | 42.41% |
| Debt/Equity | 1.74x |
| RoNW | 55.63% |
| PAT Margin | 9.65% |
| EBITDA Margin | 16.57% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 41.32 | - |
| P/E (x) | - | - |
Fascinate Textiles IPO Objectives
The company plans to utilise the Fascinate Textiles IPO proceeds from the fresh issue for:
- • Funding capital expenditures toward setting up an additional manufacturing facility.
- • Funding the working capital requirement.
- • Repayment/prepayment of debt.
- • General corporate expenses.
Fascinate Textiles IPO Review
Fascinate Textiles Ltd. is a highly competitive operator in a growing domestic textile and apparel market. With an increase in the standard of living for the public and changes in fashion styles, the demand for quality ready-made garments like kids’ wear is still strong. The operational structure of the company provides it with a competitive edge over its rivals.
For FY25, the total income of Fascinate Textile Ltd. stands at ₹60.28 crore and the PAT for the same period stands at ₹5.81 crore. Moreover, the company’s ROE stands at 78% and the ROCE of 42.41%, which indicates efficient capital utilization by the company.
The company’s decision to invest in a new manufacturing facility and debt repayment through the majority of the funds raised from the IPO indicates the company’s focus on increasing its manufacturing capabilities. Investors, however, need to be aware of risks such as customer concentration risks and raw material price risks.
Conclusion
Fascinate Textiles IPO is an opportunity for investors to invest in a growing company, which is a significant milestone for the garment manufacturer seeking growth capital for expansion and debt reduction. The company meets the growing demand in the domestic textile market since it has a strong base in integrated apparel production and retail.
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Competitive Strengths
With in-house manufacturing capabilities for printing, stitching, and finishing.
Specialising in high-volume children's wear apparel.
With an established B2B distribution network for serving large retailers and wholesalers.
A high standard of quality in productions.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 26/09/2025 | View DRHP |
| 2 | SEBI/Exchange approval received | - | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | — | — | |
| Individual investors (Retail) (Max) | — | — | |
| S-HNI (Min) | — | — | |
| S-HNI (Max) | — | — | |
| B-HNI (Min) | — | — |