Summary
Fascinate Textiles IPO is a ₹66.98 crore book-built SME issue, opening from 11 August to 13 August 2026. The shares are expected to list on NSE Emerge on 18 August.
The price band is ₹148 to ₹156 per share. Retail investors must apply for at least 1,600 shares, requiring ₹2,49,600 at the upper price.
The company has reported higher revenue, profit and margins, but investors should consider customer concentration, working capital needs and SME liquidity risks.
Fascinate Textiles plans to raise ₹66.98 crore through a book-built SME IPO. The shares carry a face value of ₹10 each. Bidding will remain open from 11 August to 13 August 2026, with allotment expected on 14 August. The tentative listing date on NSE Emerge is 18 August.
The company has fixed a price band of ₹148 to ₹156 per share. Although one lot contains 800 shares, retail applicants must bid for at least 1,600 shares. At the upper end of the price band, the minimum retail investment comes to ₹2,49,600.
The sNII category begins at 2,400 shares, which requires ₹3,74,400. For bNII investors, the minimum bid is 7,200 shares, amounting to ₹11,23,200.
Fascinate Textiles IPO Details
The following table provides the key details of the Fascinate Textiles IPO.
| Particulars | Details |
| IPO Open Date | 11 August 2026 |
| Close Date | 13 August 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹148 to ₹156 per share |
| Issue Price | To be finalised within the price band |
| IPO Lot Size | 800 shares |
| Offer for sale | 8,36,000 shares, worth up to ₹13.04 crore |
| Fresh issue | 34,57,600 shares, worth up to ₹53.94 crore |
| Issue Type | Book-built SME IPO |
| Listing At | NSE Emerge |
| Total Issue Size | ₹66.98 crore |
| Minimum Investment | ₹2,49,600 for 1,600 shares, based on the upper price |
Fascinate Textiles IPO Timeline
The following table presents the important dates in the Fascinate Textiles IPO timeline.
| Event | Date |
| IPO open date | 11 August 2026 |
| IPO close date | 13 August 2026 |
| Tentative allotment | 14 August 2026 |
| Initiation of refunds | 17 August 2026 |
| Credit of shares to Demat | 17 August 2026 |
| Tentative listing date | 18 August 2026 |
| Cut-off time for UPI mandate confirmation | Not specified |
Fascinate Textiles Key Performance Indicators (KPI)
The following table presents the key performance indicators of Fascinate Textiles.
| KPI | FY2026 | FY2025 | FY2024 |
| ROE | 72.08% | 78.00% | 13.31% |
| ROCE | 54.82% | 42.41% | 11.66% |
| Debt Equity | 0.83 | 1.74 | 2.77 |
| RoNW | 48.02% | 55.63% | 10.73% |
| PAT Margin | 12.89% | 9.65% | 1.65% |
| Operating EBITDA Margin | 20.50% | 16.57% | 5.65% |
| Price Book Value | – | – | – |
Fascinate Textiles Financials
The following table presents the financial performance of Fascinate Textiles.
| Particulars | FY2023 | FY2024 | FY2025 |
| Revenue | ₹21.86 crore | ₹28.90 crore | ₹60.28 crore |
| Total assets | ₹15.77 crore | ₹25.45 crore | ₹42.26 crore |
| Profit after tax | ₹0.36 crore | ₹0.48 crore | ₹5.81 crore |
Fascinate Textiles IPO Subscription Status
Subscription Details Not Yet Available
The bidding process will begin on 11 August 2026 and close on 13 August 2026.
Subscription figures will be updated once bidding starts. Applications can generally be submitted from 10:00 AM to 5:00 PM on public issue days.
Fascinate Textiles IPO Grey Market Premium
Grey market activity for Fascinate Textiles IPO had not begun. As a result, no GMP, estimated listing price or potential listing gain was available.
| Date | GMP | Estimated Listing Price | Estimated Listing Gain | Trend | Last Updated |
| 6 August 2026 | Not started | Not available | Not available | No activity | 6 August 2026, 4:38 PM |
Note: GMP is an unofficial market indicator and can change quickly. It may move with investor demand, subscription levels and broader market conditions. “Not started” does not suggest a likely listing price or return.
Fascinate Textiles IPO Reservation
The following table provides the category-wise share reservation for the Fascinate Textiles IPO.
| Investor category | Shares offered |
| Market maker shares offered | 2,15,200 shares |
| QIB shares offered | 43,200 shares |
| NII (HNI) shares offered | 16,16,000 shares |
| Individual investor shares offered | 24,19,200 shares |
| Total shares offered | 42,93,600 shares |
Fascinate Textiles IPO Lot Size
The following table provides the lot sizes and application amounts for different investor categories.
| Application category | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 1,600 | ₹2,49,600 |
| Individual investors (Retail) (Max) | 2 | 1,600 | ₹2,49,600 |
| S-HNI (Min) | 3 | 2,400 | ₹3,74,400 |
| S-HNI (Max) | 8 | 6,400 | ₹9,98,400 |
| B-HNI (Min) | 9 | 7,200 | ₹11,23,200 |
Application amounts are calculated at the upper price band of ₹156 per share.
Fascinate Textiles IPO Anchor Investors
Fascinate Textiles has not yet completed its anchor allocation. The amount raised, allotted shares and anchor investor list will be available after the anchor bidding date.
Fascinate Textiles IPO Prospectus
For more information on the issue, please go through the documents mentioned below.
About Fascinate Textiles
Fascinate Textiles Limited was incorporated on 9 February 2017 and is based in West Bengal. The company was converted from a private limited company into a public limited company in May 2025. Vishal Nahar is the current Chairman and Managing Director.
It manufactures readymade garments for different age groups. Its product range includes T-shirts, joggers, vests, leggings, shorts and infant wear, with a significant share of production focused on childrenswear.
The company serves customers across several Indian states. It also reported export revenue from Saudi Arabia and the UAE during FY2026.
| Lead Manager | Affinity Global Capital Market Private Limited |
| IPO Registrar | Cameo Corporate Services Limited |
Fascinate Textiles IPO Objectives
The following table provides the proposed use of proceeds from the fresh issue.
| Objective | Amount |
| Funding working capital requirements | ₹25.15 crore |
| Funding capital expenditure | ₹12.35 crore |
| Repayment or prepayment of secured and unsecured loans | ₹2.68 crore |
| General corporate purposes | To be finalised |
| Offer-related expenses | To be finalised |
The offer for sale proceeds will be received by the selling shareholder and will not go to the company.
Strengths of Fascinate Textiles
- Integrated production process: The company manages activities such as stitching, finishing, printing and packing within its manufacturing operations.
- Wide product range: It manufactures apparel for infants, children, women and men. The company can also adjust products according to customer specifications.
- Quality control processes: Quality checks are carried out across different stages of garment production.
- Order-based operations: Production is mainly linked to customer orders rather than being entirely dependent on speculative inventory.
- Industry experience: The management team has experience in garment production, sourcing, sales and factory operations.
- Existing customer relationships: The company has built relationships with customers operating across domestic and export markets.
Risks of Fascinate Textiles
- Dependence on suppliers: Shortages or delays in raw materials could disrupt production and order delivery.
- Fabric price fluctuations: An increase in fabric and other input costs may affect margins if the company cannot pass the cost to customers.
- Customer concentration: The five largest customers contributed 56.32% of revenue in FY2026. Losing a major customer could affect sales.
- Regional dependence: Sales are concentrated in West Bengal and Karnataka. Any slowdown in these markets could affect the company’s revenue.
- Labour and operational risks: Strikes, staff shortages, wage increases or machinery issues could interrupt manufacturing.
- Competitive industry: The garment manufacturing market has several organised and unorganised participants competing on price, quality and delivery.
Fascinate Textiles IPO Review
Fascinate Textiles has recorded growth in revenue and profit, along with better operating margins and lower debt levels. Its product range, garment manufacturing operations and proposed investment in capacity and working capital may support further expansion.
However, the company operates in a competitive and working-capital-intensive industry. Customer concentration, raw material price changes and the sharp rise in recent earnings require attention. The GMP has not started, so there is no clear grey market signal yet. Overall, the IPO may suit investors who understand SME liquidity and business risks, while cautious investors may wait for subscription data before deciding.
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Fascinate Textiles IPO FAQs
Fascinate Textiles IPO is a ₹66.98 crore book-built SME issue. It includes a fresh issue and an offer for sale, with shares proposed for listing on NSE Emerge.
Investors can apply through a stockbroker’s app or internet banking using ASBA. Select the IPO, enter the required quantity and approve the UPI mandate before the cut-off time.
The company has reported growth in revenue, profit and operating margins. However, investors should consider customer concentration, working capital requirements, SME share liquidity and the sharp rise in recent earnings before applying.
Expected returns cannot be confirmed before listing. As of 6 August 2026, the GMP had not started and showed no estimated listing gain.
Fascinate Textiles IPO will open on 11 August 2026 and close on 13 August 2026.
One IPO lot contains 800 shares. Individual investors must apply for 1,600 shares, equal to two lots, requiring ₹2,49,600 at the upper price of ₹156.
Open the IPO section of your broker’s platform, select Fascinate Textiles IPO and enter the bid quantity and price. Submit the application and approve the payment mandate through your UPI app.
The tentative basis of allotment is expected to be finalised on 14 August 2026. Refunds and share credits are scheduled for 17 August 2026.
Fascinate Textiles shares are expected to list on NSE Emerge on 18 August 2026.