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Fascinate Textiles Ltd IPO
Status: Upcoming
Overview
IPO date
11 Aug 2026 to 13 Aug 2026
Face value
₹ 10 per share
Price
₹ 148 to ₹156 per share
Issue Size
4,293,600 shares
(aggregating up to ₹ 66.98 Cr)
(aggregating up to ₹ 66.98 Cr)
Allotment Date
14 Aug 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Textiles
Unlock Stock of the Month
T&C*
Strengths vs Risks of Fascinate Textiles Ltd
Know the pros & cons
Strengths
- Organizational stability along with management expertise.
- Established reputation and customer relationships.
- Focus on consistently meeting quality standards.
- Well Established Manufacturing Facility designed for wide range of products.
- Experienced Management Team and a motivated and efficient workforce.
Risks
- We are dependent on our suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of our raw materials, or an increase in our raw material costs and other input costs, may adversely affect the pricing and supply of our products with subsequently having an adverse effect on the business, results of operations and financial conditions of our company.
- Our business is substantially dependent on certain key customers, from whom we derive a significant portion of our revenues. The loss of any significant customer may have a material and adverse effect on our business and results of operations.
- Our cost of production is exposed to fluctuations in the prices of our major raw material, especially of fabrics.
- Significant portion of our revenue has been generated from Eastern & Southern part of India, any loss of business from these states may adversely affect our revenues and profitability.
- Our business is both manpower and machine intensive. Our business may be adversely affected by strikes, work stoppages, increased wage demands by our employees, or any other kind of disputes with our employees, and if we are unable to engage new employees at commercially attractive terms.
- The industry we operate in is highly competitive and inability to compete effectively may adversely affect our business, results of operations and financial conditions.
- Our Company operations require significant amount of working capital for a continuing growth. Our inability to meet our working capital requirements may adversely affect our results of operations.
- Fraud, theft, employee negligence or similar incidents may adversely affect our results of operations and financial condition.
- We are dependent on our Promoters, Directors and Key Managerial Personnel of our Company for success whose loss could seriously impair the ability to continue to manage and expand business efficiently.
- Trade Receivables forms a significant part of our current assets. Failure to manage our trade receivables could have an adverse effect on our sales, profitability, cash flow and liquidity.
- History of negative cash flows from operating activities may adversely affect our liquidity, financial condition and results of operations.
- There are certain delays in some of our corporate records relating to forms filed with the Registrar of Companies and other provision of Companies Act, 1956/2013. Any penalty or action taken by any regulatory authorities in future, for delay filing with provisions of corporate and other law could impact the financial position of the Company to that extent.
- We are dependent on third party transport providers for the delivery of our raw material and Finished products. Accordingly, continuing increases in transportation costs or unavailability of transportation services for them, as well the extent and reliability of Indian infrastructure may have an adverse effect on our business, financial condition, results of operations and prospects.
- Our income and sales are subject to seasonal fluctuations and lower income in a peak season may have a disproportionate effect on our results of operations.
- Our high debt-to-equity ratio may affect our liquidity, our ability to service debt, and affect our overall financial position.
- We have in the past entered into related party transactions and may continue to do so in the future.
- We have taken guarantees from Promoters in relation to debt facilities provided to us.
- There have been several instances of delay in filing of GST, EPF and ESIC returns by our Company in the past.
- Our company has filed application for the trademark registration but we may not be able to prevent unauthorized use of our intellectual property
- Our Promoters, Directors, Key Managerial Personnel and members of Senior Management are interested in our Company other than reimbursement of expenses or normal remuneration or benefits which may result in a conflict of interest with us.
- There are outstanding legal proceedings involving our Company. Any adverse decisions could impact our cashflows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on our business, prospects, results of operations and financial condition.
- Our business is dependent on our manufacturing facilities and we are subject to certain risks in our manufacturing process. Obsolescence, destruction, theft, breakdowns of our machineries or failures to repair affect our business, cash flows, financial condition and results of operations.
- Our business prospects and results of operations may be adversely affected if we are unable to grow business in additional geographic regions or international markets
- Our Company is dependent on its Promoters and will continue to be controlled by the Promoters so long as they hold a majority of the Equity Shares.
- Our business requires us to obtain and renew certain licenses and permits from government, regulatory authorities and the failure to obtain or renew them in a timely manner may adversely affect our business operations.
- Our contingent liabilities as stated in our Restated Financial Statements could adversely affect our financial condition.
- Our Company has, in the past, filed certain forms relating to directors under categories that were not aligned with the applicable ROC classifications, and any regulatory observations in this regard may have an impact on our business and operations.
- There may be potential conflicts of interest between our Company and entities forming part of our Promoter Group or entities in which our Directors may be interested.
- Our company does not hold any copyright or other forms of intellectual property protection in relation to the designs of our products.
- Our company does not hold any patents or other form of intellectual property protection in relation to our manufacturing processes.
- Our company has borrowed certain unsecured loans that may be payable on demand.
- We have incurred indebtedness and an inability to obtain further financing or to comply with repayment and other covenants in our financing agreements could adversely affect our business, results of operations, financial condition and cash flows
- Our labor-intensive operations, along with our reliance on third-party contract labour particularly during peak periods may expose us to operational disruptions and compliance obligations arising from workforce-related issues such as strikes, wage demands, or service dependencies.
- A portion of the Net Proceeds proposed to be utilized for repayment of certain loans will not result in the creation of any tangible assets
- Our company also sells the products through network of retailers. Any inability to effectively manage or expand retail network may have an adverse effect on business, results of operations and financial condition.
- Our company may require additional equity or debt in the future in order to continue to grow business, which may not be available on favourable terms or at all.
- The Objects of the Offer for which funds are being raised have not been appraised by any bank or financial institution.
- Our Company may introduce new products that may not achieve commercial success, which could adversely affect our results of operations and financial condition.
- Our business may face increasing competition from online retailers that may impact our pricing ability and results of operations.
- We have not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available from the online source.
- The price of securities issued by us in the past 12 months may be lower than the offer price.
- Our Company will not receive any proceeds from the Offer for Sale, and may not receive proceeds from the Offer.
- The average cost of acquisition of Equity Shares by our Promoters could also be lower than the Offer Price.
- Our insurance coverage may not adequately protect us against all material hazards, which may adversely affect our business, results of operations and financial condition.
- Delays or defaults in customer payments could adversely affect our financial condition.
- Significant failure or disruption of our information technology systems could adversely impact our business, results of operations and financial condition.
- Our existing manufacturing facilities are concentrated in a single region, i.e. Barasat, West Bengal. Any slowdown or disruption in our manufacturing operations in any of our manufacturing facilities could have a material and adverse impact on our business and operations.
- Inability to respond to evolving customer preferences may adversely impact our business.
- Political, economic or other factors that are beyond our control may have an adverse effect on our business and results of operations.
- Our operations may be impacted by industrial accidents, physical hazards, or similar risks at our manufacturing premises, which could lead to operational disruption, financial loss, or reputational impact.
- Our estimates and forward-looking statements may prove to be inaccurate, which could adversely affect investors' perception and decision-making.
- Underutilization of capacity of our manufacturing capacities and an ability to effectively utilize our expanded manufacturing capacities may adversely affect our business, future prospects and future financial performance.
- Our ability to pay dividends in the future will depend on our earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of our financing arrangements.
- Our manufacturing facility is subject to operating risks, and any disruption or shutdown may adversely impact our business, financial condition, and results of operations.
- We have not made any alternate arrangements for meeting our regular working capital requirements. If we are unable to manage/arrange funds (including at short notice) to meet our working capital requirements, there may be an adverse effect on our results of operations and financial performance.
- If we are unable to source business opportunities effectively, we may not achieve our financial objectives.
- Hiring unskilled labour from third-party contract labour suppliers exposes us to the risk of operational inefficiencies, reduced product quality, and potential disruptions in business operations.
- We are subject to stringent quality and delivery requirements, and any failure to comply with such standards may lead to order cancellations, reputational harm, and adverse financial consequences.
- Our future success depends on our ability to build and promote our brands and protect our reputation. Any failure in these areas may affect our growth prospects.
- The highly competitive nature of the garment manufacturing industry, particularly due to the presence of numerous unorganized players, may result in pricing pressure, market share loss, and impact our profitability.
- NSE may not grant in- principle approval for listing of equity shares of our Company.
Fascinate Textiles Ltd Peer Comparison
Understand the company’s industry standing
Fascinate Textiles Ltd
Iris Clothings Limited
Kewal Kiran Clothing Limited
Face Value
10
2
10
Standalone / Consolidated
Standalone
Standalone
Consolidated
Total Income Rs. Cr.
---
---
---
EPS-Basis
14.66
0.85
23.03
EPS-Diluted
14.66
0.85
23.03
NAV Per Share
30.52
37.24
181.66
P/E-Basic EPS
---
54.92
21.71
P/E-Diluted EPS
---
---
---
RONW(%)
48.02
11.42
13.6
Latest NAV Period
---
---
---
Latest NAV
---
---
---
How to check the allotment status of Fascinate Textiles Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
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The IPO opens on 11 Aug 2026 & closes on 13 Aug 2026.
Fascinate Textiles Limited was originally incorporated on February 09, 2017 at Kolkata, West Bengal as a Private Limited Company as 'Fascinate Textiles Private Limited'. Further, Company was converted into a Public Limited Company and the name of the Company was changed from 'Fascinate Textiles Private Limited' to 'Fascinate Textiles Limited' via fresh Certificate of incorporation dated May 21, 2025 issued by the Registrar of Companies, Central Registration Centre.
Company is engaged in the manufacturing of readymade garments, with operations based in West Bengal. The product range spans menswear, womenswear, and childrenswear, focused on garments for children. It specializes in production and sale of t-shirts, joggers, vests, leggings, shorts, and infant wear, among others, catering to a variety of end-use segments and age groups.
Company develop samples both in response to themes and mood boards provided by buyers, as well as through own designs. Once a sample receives approval, it undertake production at the manufacturing facility. The garments are supplied to large-format retailers and wholesalers in local market. Apart from these, manufacturing activities are primarily concentrated in Barasat, North 24 Parganas, West Bengal. Most operations following fabric processing including cutting, printing, stitching, and finishing are conducted in-house.
The Company manage design development, sample creation, and production schedules internally through a team of merchandisers, each assigned to specific buyers to ensure continuity and coordination. procure yarn, which is then sent for knitting and dyeing through external job workers. Once the processed fabric is received, all subsequent manufacturing operations are carried out within the production facility.
Company is planning the initial public offering of 42,94,000 equity shares of face value of Rs 10 each, comprising a fresh issue of 34,58,000 equity shares and the offer for sale of 8,36,000 equity shares.
Fascinate Textiles Ltd IPO will close on 13 Aug 2026.
- Organizational stability along with management expertise.
- Established reputation and customer relationships.
- Focus on consistently meeting quality standards.
- Well Established Manufacturing Facility designed for wide range of products.
- Experienced Management Team and a motivated and efficient workforce.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Vishal Nahar | 3793922 | 36.82 | 3793922 | 27.57 |
| 2 | Chirag Ahuja | 1364055 | 13.24 | 1364055 | 9.91 |
| 3 | Rishabh Nahar | 933324 | 9.06 | 933324 | 6.78 |
| 4 | Narinder Kumar Ahuja | 1364069 | 13.24 | 1364069 | 9.91 |
| 5 | Vishal Nahar HUF | 647500 | 6.28 | 647500 | 4.71 |
| 6 | Neetu Nahar | 1700000 | 16.5 | 864000 | 6.28 |
| 7 | Pradeep Kumar Agarwal | 39200 | 0.38 | 39200 | 0.28 |
| 8 | Encore Events Private Limited | 14000 | 0.14 | 14000 | 0.1 |
| 9 | Karnika Industries Limited | 98000 | 0.95 | 98000 | 0.71 |
| 10 | Somnath Modi | 98000 | 0.95 | 98000 | 0.71 |
| 11 | Neha Modi | 98000 | 0.95 | 98000 | 0.71 |
| 12 | Asish Purekha | 98000 | 0.95 | 98000 | 0.71 |
- We are dependent on our suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of our raw materials, or an increase in our raw material costs and other input costs, may adversely affect the pricing and supply of our products with subsequently having an adverse effect on the business, results of operations and financial conditions of our company.
- Our business is substantially dependent on certain key customers, from whom we derive a significant portion of our revenues. The loss of any significant customer may have a material and adverse effect on our business and results of operations.
- Our cost of production is exposed to fluctuations in the prices of our major raw material, especially of fabrics.
- Significant portion of our revenue has been generated from Eastern & Southern part of India, any loss of business from these states may adversely affect our revenues and profitability.
- Our business is both manpower and machine intensive. Our business may be adversely affected by strikes, work stoppages, increased wage demands by our employees, or any other kind of disputes with our employees, and if we are unable to engage new employees at commercially attractive terms.
- The industry we operate in is highly competitive and inability to compete effectively may adversely affect our business, results of operations and financial conditions.
- Our Company operations require significant amount of working capital for a continuing growth. Our inability to meet our working capital requirements may adversely affect our results of operations.
- Fraud, theft, employee negligence or similar incidents may adversely affect our results of operations and financial condition.
- We are dependent on our Promoters, Directors and Key Managerial Personnel of our Company for success whose loss could seriously impair the ability to continue to manage and expand business efficiently.
- Trade Receivables forms a significant part of our current assets. Failure to manage our trade receivables could have an adverse effect on our sales, profitability, cash flow and liquidity.
- History of negative cash flows from operating activities may adversely affect our liquidity, financial condition and results of operations.
- There are certain delays in some of our corporate records relating to forms filed with the Registrar of Companies and other provision of Companies Act, 1956/2013. Any penalty or action taken by any regulatory authorities in future, for delay filing with provisions of corporate and other law could impact the financial position of the Company to that extent.
- We are dependent on third party transport providers for the delivery of our raw material and Finished products. Accordingly, continuing increases in transportation costs or unavailability of transportation services for them, as well the extent and reliability of Indian infrastructure may have an adverse effect on our business, financial condition, results of operations and prospects.
- Our income and sales are subject to seasonal fluctuations and lower income in a peak season may have a disproportionate effect on our results of operations.
- Our high debt-to-equity ratio may affect our liquidity, our ability to service debt, and affect our overall financial position.
- We have in the past entered into related party transactions and may continue to do so in the future.
- We have taken guarantees from Promoters in relation to debt facilities provided to us.
- There have been several instances of delay in filing of GST, EPF and ESIC returns by our Company in the past.
- Our company has filed application for the trademark registration but we may not be able to prevent unauthorized use of our intellectual property
- Our Promoters, Directors, Key Managerial Personnel and members of Senior Management are interested in our Company other than reimbursement of expenses or normal remuneration or benefits which may result in a conflict of interest with us.
- There are outstanding legal proceedings involving our Company. Any adverse decisions could impact our cashflows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on our business, prospects, results of operations and financial condition.
- Our business is dependent on our manufacturing facilities and we are subject to certain risks in our manufacturing process. Obsolescence, destruction, theft, breakdowns of our machineries or failures to repair affect our business, cash flows, financial condition and results of operations.
- Our business prospects and results of operations may be adversely affected if we are unable to grow business in additional geographic regions or international markets
- Our Company is dependent on its Promoters and will continue to be controlled by the Promoters so long as they hold a majority of the Equity Shares.
- Our business requires us to obtain and renew certain licenses and permits from government, regulatory authorities and the failure to obtain or renew them in a timely manner may adversely affect our business operations.
- Our contingent liabilities as stated in our Restated Financial Statements could adversely affect our financial condition.
- Our Company has, in the past, filed certain forms relating to directors under categories that were not aligned with the applicable ROC classifications, and any regulatory observations in this regard may have an impact on our business and operations.
- There may be potential conflicts of interest between our Company and entities forming part of our Promoter Group or entities in which our Directors may be interested.
- Our company does not hold any copyright or other forms of intellectual property protection in relation to the designs of our products.
- Our company does not hold any patents or other form of intellectual property protection in relation to our manufacturing processes.
- Our company has borrowed certain unsecured loans that may be payable on demand.
- We have incurred indebtedness and an inability to obtain further financing or to comply with repayment and other covenants in our financing agreements could adversely affect our business, results of operations, financial condition and cash flows
- Our labor-intensive operations, along with our reliance on third-party contract labour particularly during peak periods may expose us to operational disruptions and compliance obligations arising from workforce-related issues such as strikes, wage demands, or service dependencies.
- A portion of the Net Proceeds proposed to be utilized for repayment of certain loans will not result in the creation of any tangible assets
- Our company also sells the products through network of retailers. Any inability to effectively manage or expand retail network may have an adverse effect on business, results of operations and financial condition.
- Our company may require additional equity or debt in the future in order to continue to grow business, which may not be available on favourable terms or at all.
- The Objects of the Offer for which funds are being raised have not been appraised by any bank or financial institution.
- Our Company may introduce new products that may not achieve commercial success, which could adversely affect our results of operations and financial condition.
- Our business may face increasing competition from online retailers that may impact our pricing ability and results of operations.
- We have not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available from the online source.
- The price of securities issued by us in the past 12 months may be lower than the offer price.
- Our Company will not receive any proceeds from the Offer for Sale, and may not receive proceeds from the Offer.
- The average cost of acquisition of Equity Shares by our Promoters could also be lower than the Offer Price.
- Our insurance coverage may not adequately protect us against all material hazards, which may adversely affect our business, results of operations and financial condition.
- Delays or defaults in customer payments could adversely affect our financial condition.
- Significant failure or disruption of our information technology systems could adversely impact our business, results of operations and financial condition.
- Our existing manufacturing facilities are concentrated in a single region, i.e. Barasat, West Bengal. Any slowdown or disruption in our manufacturing operations in any of our manufacturing facilities could have a material and adverse impact on our business and operations.
- Inability to respond to evolving customer preferences may adversely impact our business.
- Political, economic or other factors that are beyond our control may have an adverse effect on our business and results of operations.
- Our operations may be impacted by industrial accidents, physical hazards, or similar risks at our manufacturing premises, which could lead to operational disruption, financial loss, or reputational impact.
- Our estimates and forward-looking statements may prove to be inaccurate, which could adversely affect investors' perception and decision-making.
- Underutilization of capacity of our manufacturing capacities and an ability to effectively utilize our expanded manufacturing capacities may adversely affect our business, future prospects and future financial performance.
- Our ability to pay dividends in the future will depend on our earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of our financing arrangements.
- Our manufacturing facility is subject to operating risks, and any disruption or shutdown may adversely impact our business, financial condition, and results of operations.
- We have not made any alternate arrangements for meeting our regular working capital requirements. If we are unable to manage/arrange funds (including at short notice) to meet our working capital requirements, there may be an adverse effect on our results of operations and financial performance.
- If we are unable to source business opportunities effectively, we may not achieve our financial objectives.
- Hiring unskilled labour from third-party contract labour suppliers exposes us to the risk of operational inefficiencies, reduced product quality, and potential disruptions in business operations.
- We are subject to stringent quality and delivery requirements, and any failure to comply with such standards may lead to order cancellations, reputational harm, and adverse financial consequences.
- Our future success depends on our ability to build and promote our brands and protect our reputation. Any failure in these areas may affect our growth prospects.
- The highly competitive nature of the garment manufacturing industry, particularly due to the presence of numerous unorganized players, may result in pricing pressure, market share loss, and impact our profitability.
- NSE may not grant in- principle approval for listing of equity shares of our Company.
The Issue type of Fascinate Textiles Ltd is Book Building - SME.
The minimum application for shares of Fascinate Textiles Ltd is 1600.
The total shares issue of Fascinate Textiles Ltd is 4293600.
Initial public offering of upto 42,93,600 equity shares of face value of Rs. 10/- each ("Equity Shares") of Fascinate Textiles Limited ("The Company" or "The Issuer") of which fresh issue of 34,57,600 and offer for sale of 8,36,000 equity share a for cash at a price of Rs. 148-156 per equity share, (including share premium of Rs. 138-146 per equity share) ("Offer Price"), aggregating to Rs. 63.55-66.98 Crores ("The Offer"), of which 2,15,200 equity shares of face value of Rs. 10/- each for cash at an price of Rs. 148-156 per equity share, aggregating to Rs. 3.19-3.36 Crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e., offer of 40,78,400 equity shares of face value of Rs. 10/- each for cash at an offer price of Rs. 148-156 per equity share, aggregating to Rs. 60.36-63.62 Crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 31.20% and 29.64%, respectively of the post issue paid up equity share capital of the company.
Price Band: Rs. 148 to Rs. 156 per equity share of face value of Rs. 10/- each.
The floor price is 14.80 times of face value and cap price is 15.6 times the face value of the equity shares.
Bids can be made for a minimum of 1,600 equity shares and in multiples of 800 equity shares thereafter.