Fascinate Textiles IPO: ₹67 Crore SME Issue Opens August 11

Fascinate Textiles, an Indian apparel manufacturer, is launching an SME IPO to raise approximately ₹67 crores. The book-built issue is scheduled to open on August 11, 2026, and will close on August 13, 2026.

The company, established in 2017, focuses on designing and manufacturing knitted and woven garments, including infantwear, kidswear, menswear, and womenswear.

IPO Details & Structure

• Price Band: ₹148 to ₹156 per equity share (face value ₹10)
• Issue Size: Fresh issue of ₹53.94 crores and an Offer for Sale (OFS) of up to 8,36,000 equity shares
• Minimum Market Lot: 1600 shares, totaling ₹2,49,600
• Investor Reservations: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Investors

The promoters include Chirag Ahuja, Narinder Kumar Ahuja, Rishabh Nahar, Vishal Nahar, and Vishal Nahar (HUF).

Financial Performance

Fascinate Textiles reported significant growth in its recent financial years.

• FY2026 Revenue: ₹117.23 crores (Profit: ₹15.07 crores)
• FY2025 Revenue: ₹60.28 crores (Profit: ₹5.81 crores)

Use of Proceeds & Timeline

Funds from the issue are earmarked for specific corporate objectives.

• Capital Expenditure: ₹12.40 crores for an additional manufacturing facility
• Working Capital: ₹19.03 crores for operational requirements
• Loan Repayment: ₹2.68 crores for secured and unsecured loans
• General Corporate Purposes: Remainder

Allotment of the IPO shares is slated for August 14, 2026. The listing on NSE SME is expected by August 18, 2026. Investors are advised to consider the IPO for a long-term investment horizon.