Overview
Fascinate Textiles Limited, an apparel manufacturer founded in 2017 by Vishal Nahar in Barasat, West Bengal, announced that it will open its initial public offering on 11 August 2026, with the issue closing on 13 August and shares expected to be listed on the NSE Emerge platform on 18 August.
Offering Details
The IPO aims to raise Rs 66.98 crore through a total issue of 4,293,600 equity shares priced between Rs 148 and Rs 156 per share. The issue consists of a fresh issue of 3,457,600 shares and an offer‑for‑sale of 836,000 shares. The minimum application size is 800 shares; retail investors must bid for at least 1,600 shares, equivalent to Rs 2,49,600, while high‑net‑worth investors must apply for a minimum of three lots (2,400 shares) amounting to Rs 3,74,400.
Use of Proceeds
Net proceeds from the fresh issue will be allocated as follows: Rs 12.40 crore for setting up an additional manufacturing facility, Rs 19.03 crore for working‑capital requirements, and Rs 2.67 crore for repayment or pre‑payment of certain secured and unsecured borrowings. The remaining funds are earmarked for inorganic growth through acquisitions and other general corporate purposes.
Financial Background
For the financial year ended 31 March 2025, Fascinate Textiles reported revenue of Rs 60.25 crore and a net profit of Rs 5.81 crore. The company operates an integrated manufacturing facility producing a range of garments for men, women, and children and supplies large‑format retailers and wholesalers in domestic and international markets.
Timeline
The basis of allotment is expected to be finalised on 14 August, refunds and credit of equity shares to demat accounts on 17 August, and listing on NSE Emerge on 18 August.