Fascinate Textiles IPO
Listed -20.0%11–19 Aug 2026
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Our IPO analysis
What stands out in the offer document
The five questions
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1How it makes money₹36 of every ₹100 of sales comes from its "Kids Garments" segment.
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2Is it growing, and is profit turning into cash?Sales grew 2.8x from 2023 to 2025 (₹21.9 cr → ₹60.3 cr). Over 3 years it made ₹6.6 cr of profit and brought in −₹7.5 cr of cash from operations.
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3How much cushion does it have?It owes ₹1.74 for every ₹1 of its own money. The line for manufacturing is ₹2.
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4What you pay, and who gets the moneyOf every ₹100 raised, ₹19 goes to existing shareholders selling. At ₹151 you pay about ₹3.65 for every ₹1 of last year's profit.
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5Who controls it, and what is on record?Promoters own 79% before the IPO. The document discloses 3 legal matters.
From the draft document. The final prospectus may change it.
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Latest update:
Listed at ₹121 vs ₹151 issue price (-20.0%) · Day-one close ₹115 · Subscribed 1.45× (QIB 22.7× · NII 1.2× · Retail 1.4×) · Price band ₹142–₹151 · Closed 19 Aug 2026 · Listed 24 Aug 2026 (Confirmed)
How it actually listed
₹121 on open, against a ₹151 issue price -20.0%
It ended its first day at ₹115 (-24.0% against the issue price), per the NSE's price archive.
We were not recording a grey-market premium before it listed.
What Fascinate Textiles does
Fascinate Textiles Limited is engaged in the manufacturing of readymade garments, with operations based in West Bengal. Its product range spans menswear, womenswear, and childrenswear, with a significant portion of its output focused on garments for children. Its offerings include t-shirts, joggers, vests, leggings, shorts, and infant wear, among others, catering to a variety of end-use segments and age groups.
Fascinate Textiles financials
Rs crore · Annual| 2023 | 2024 | 2025 | ||
|---|---|---|---|---|
| Sales | 22 | 29 | 60 | |
| Operating Profit | 1 | 2 | 10 | |
| OPM % | 4.2% | 5.7% | 16.6% | |
| Net Profit | 0 | 0 | 6 | |
| Total Debt | 6 | 12 | 18 |
Fascinate Textiles IPO offer structure
Total: ₹65 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Size and split come from a public aggregator rather than the exchange, cross-checked against a second.
Use of proceeds- Funding Capital Expenditure requirement towards setting up additional manufacturing facility: ₹12 cr
- Funding the working capital requirements: ₹19 cr
- Prepayment and repayment of all or a portion of certain secured and unsecured loan: ₹3 cr
Fascinate Textiles promoters and holding
- Mr. Vishal Nahar: Chairman cum Managing Director
- Mr. Chirag Ahuja: Whole Time Director cum Chief Financial Officer
- Mr. Rishabh Nahar: Promoter
- Mr. Narinder Kumar Ahuja: Promoter
- Vishal Nahar HUF: HUF Promoter
Fascinate Textiles risks and strengths
- We are dependent on our suppliers for uninterrupted supply of Raw-Materials. (p.48)
- Our business is substantially dependent on certain key customers, from whom we derive a significant portion of our revenues. (p.49)
- Our cost of production is exposed to fluctuations in the prices of our major raw material, especially of fabrics. (p.49)
2 more the company lists
Fascinate Textiles peer comparison: DRHP median P/E 13.1x
DRHP data only| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Karnika Industries Ltd | — | 13.1x | — | — | DRHP |
| Karnika Industries Limited | — | — | — | — | DRHP |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Fascinate Textiles market and competition
We are engaged in the manufacturing of readymade garments, with operations based in West Bengal, catering to menswear, womenswear, and childrenswear. We are an ISO 9001:2015 certified company with automated production infrastructure.
Fascinate Textiles outlook, as the document states it
We want to expand our manufacturing facility to meet the anticipated rise in demand for our products in the market. This strategic investment aims to maximize production efficiency and capitalize on economies of scale, with civil and structural work expected to be completed by July 2027.
Fascinate Textiles IPO: common questions
When does the Fascinate Textiles IPO open and close?
The Fascinate Textiles IPO is open from 11 Aug 2026 to 19 Aug 2026.
What is the Fascinate Textiles IPO price band?
The price band is ₹142–₹151 per share.
How much is the Fascinate Textiles IPO subscribed?
As of 10 Oct 2026 the total subscription is 1.45×.
When does the Fascinate Textiles IPO list?
The listing date is 24 Aug 2026.
How do I check the Fascinate Textiles IPO allotment status?
On the allotment status page published by Cameo Corporate Services, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. How allotment is actually decided →
Fascinate Textiles IPO allotment status
Listed 24 Aug 2026. Allotment is decided and published by the registrar, not by us. This issue's registrar is Cameo Corporate Services.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →