Fascinate Textiles IPO

SME • NSE SME • Fresh capital cum OFS

LISTEDSMENSE SME

Fascinate Textiles

Price band

₹142 – ₹151

Lot size

800 shares

Min investment

₹1,20,800

Issue size

₹64.83 Cr

About the company

Fascinate Textiles Limited was started in February 2017. The company makes ready made garments for men, women and children, but its main focus is children's clothing. Its products include t-shirts, joggers, vests, leggings, shorts and infant wear made for different age groups and price segments. The product range is divided into infant wear, kids wear, women's wear and men's wear. The company has its own factory at Barasat in North 24 Parganas, West Bengal, where all the main production work is done. It holds an ISO 9001:2015 certificate for quality management. As on 31 March 2026 it had 254 people working with it, of which 106 were permanent employees and 148 were on contract.

Fascinate Textiles Limited makes ready made garments for men, women and children, with its main focus on children's clothing. It runs its own ISO 9001:2015 certified factory at Barasat in North 24 Parganas, West Bengal, making t-shirts, joggers, leggings and infant wear.

IPO details

Issue price: ₹151
Price band: ₹142 – ₹151
Face value: ₹10
Lot size: 800
Min investment: ₹1,20,800
Issue size: ₹64.83 Cr
Sale type: Fresh capital cum OFS
Listing on: NSE SME
BSE scrip code: FASCINATE
NSE symbol: FASCINATE-SM.NS

Lot size & investment by category

APPLICATION	LOTS	SHARES	AMOUNT
Retail (Min)	1	800	₹1,20,800
Retail (Max)	1	800	₹1,20,800
HNI (Min)	2	1,600	₹2,41,600

Investor reservation

CATEGORY	RESERVED
QIB	43,200 shares (1.06% of the Offer)
NII	16,16,000 shares (39.62% of the Offer)
Retail	24,19,200 shares (59.32% of the Offer)

Objects of the issue

1Funding Capital Expenditure requirement towards setting up additional manufacturing facility.12.40

2Funding the working capital requirements19.03

3Prepayment and repayment of all or a portion of certain secured and unsecured loan2.68

4General Corporate Purposes

5To meet the offer related expenses

Financials

Rs. Crore • restated

METRIC	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	92.75	42.26	25.45
Total Income	117.23	60.28	28.90
Profit After Tax	15.07	5.81	0.48
EBITDA	24.15	10.01	1.68
NET Worth	31.44	10.45	4.45
Reserves and Surplus	21.14	9.04	3.05
Total Borrowing	26.02	18.21	12.33

Key performance indicators

P/E Ratio

13.79

EPS (₹)

10.95

RoCE

54.82%

RoNW

48.02%

PAT Margin

12.89%

✓ Strengths

• Sales have grown very fast. Total income went from Rs 28.90 crore in FY2024 to Rs 60.28 crore in FY2025 and Rs 117.23 crore in FY2026, which is four times in two years.

• Profit after tax improved from Rs 0.48 crore in FY2024 to Rs 5.81 crore in FY2025 and Rs 15.07 crore in FY2026.

• EBITDA grew from Rs 1.68 crore in FY2024 to Rs 24.15 crore in FY2026, and the operating margin improved along with the size.

• Net worth went up from Rs 4.45 crore in FY2024 to Rs 31.44 crore in FY2026.

• The company has its own factory instead of getting everything made outside, which gives better control on quality and delivery time.

• Children's wear is a repeat purchase segment because children outgrow clothes quickly, so demand is steady through the year.

• Rs 12.40 crore of the issue money is for a new manufacturing facility and Rs 19.03 crore is for working capital, so most of it goes into growing the business.

• The company holds an ISO 9001:2015 certificate for its quality management system.

⚠ Risks

• The growth is from a very small base and is extremely fast. Profit went from Rs 0.48 crore to Rs 15.07 crore in just two years, and such a rate of growth is difficult to keep up.

• The company is young. It was started only in February 2017, so it has not yet been tested through a full slowdown.

• Borrowing rose from Rs 18.21 crore to Rs 26.02 crore, which is high against a net worth of Rs 31.44 crore.

• Garment manufacturing is a low entry barrier business with very heavy competition, including from unorganised players who work at lower cost.

• All production is at one facility in Barasat, West Bengal. Any problem at that single location will stop the whole business.

• More than half the workforce is on contract, 148 out of 254, so labour availability during peak season is a risk.

• Cotton and yarn prices keep changing and the company will not always be able to pass on a sharp rise to buyers.

• This is an SME issue. One lot is 800 shares, which is about Rs 1.25 lakh at the upper band of Rs 156, and SME shares usually trade in low volume after listing.

Promoters & holding

Vishal Nahar, Chirag Ahuja, Rishabh Nahar, Narinder Kumar Ahuja and Vishal Nahar (HUF)

Pre-issue promoter holding

99.46%

Post-issue promoter holding

68.4%

Data refreshed 07 Nov 2026, 05:08 pm IST. GMP is unofficial market sentiment, not investment advice.