New Delhi. The IPO of Rs 49 crore of Fractal Industries Limited, a company working in the garment sector, was launched for subscription today. Bidding in this IPO can be done till 18th February.
After the closing of the issue, the shares will be allotted on February 19, while the allotted shares will be credited to the demat account on February 20. The company’s shares may be listed on the SME platform of BSE on 23 February. On the first day, this IPO received 0.24 percent subscription till 12 noon.
The price band for bidding in this IPO has been fixed at Rs 205 to Rs 216 per share, while the lot size is 600 shares. In this IPO, retail investors will have to bid for two lots i.e. 1,200 shares, for which they will have to invest Rs 2,59,200. Under this IPO, a total of 22,68,600 new shares with face value of Rs 10 are being issued.
In this IPO, 47.42 percent share has been reserved for Qualified Institutional Buyers (QIB). Apart from this, 33.27 percent share is reserved for retail investors, 14.28 percent share is reserved for non-institutional investors (NIIs) and 5.03 percent share is reserved for market makers.
Finex Capital Advisors Private Limited has been appointed as the book running lead manager for this issue, while Kfin Technology Limited has been appointed as the registrar. Whereas Category Shares Limited is the market maker of the company. Talking about the financial condition of the company, as per the claim made in the Draft Red Herring Prospectus (DRHP) submitted to the capital market regulator SEBI, its financial health has continuously strengthened.
The company had a net profit of Rs 2.27 crore in the financial year 2023-24, which increased to Rs 7.54 crore in the next financial year 2024-25. The company has made a net profit of Rs 6.78 crore in the first half of the current financial year i.e. April to September 2025. During this period, the company’s revenue also continued to increase.
It received a total revenue of Rs 50.01 crore in the financial year 2023-24, which increased to Rs 85.51 crore in the financial year 2024-25. In the first half of the current financial year i.e. April to September 2025, the company has received a revenue of Rs 47.33 crore. During this period the debt burden of the company also increased.
At the end of the financial year 2023-24, the company had a debt burden of Rs 21.88 crore, which increased to Rs 27.61 crore in the financial year 2024-25. In the first half of the current financial year i.e. from April to September 30, 2025, the company had a debt of Rs 24.63 crore.
The reserves and surplus of the company also increased during this period. In the financial year 2023-24, it was at the level of Rs 7.66 crore, which increased to Rs 15.20 crore in 2024-25. At the same time, by the end of the first half of the current financial year, it reached the level of Rs 18.01 crore.
Similarly, EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization) was at the level of Rs 4.05 crore in 2023-24, which increased to the level of Rs 11.15 crore in 2024-25. Whereas in the first half of the current financial year it remained at the level of Rs 9.29 crore.
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