Fascinate Textiles Ltd IPO
Textiles
Price Band
₹142 – ₹151
Lot Size
800
Minimum Bid Quantity
1600
Minimum Investment
₹241600
Issue Size
₹66.98Cr
Opens
2026-08-11
Closes
2026-08-19
Listing
24-08-2026
Subscription Status
Qualified Institutional Buyers
22.74 x
Non-Institutional Investor
1.05 x
Retail Individual Investor
1.36 x
Total
1.45 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE1Q2D01019
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Fascinate Textiles is a readymade garment manufacturing company based in West Bengal. The company manufactures garments for men, women and children, with a significant portion of its production focused on childrenswear. Its product range includes t-shirts, joggers, vests, leggings, shorts and infant wear, among other garments. The company develops samples based on buyer-provided themes and mood boards as well as through its in-house design initiatives. Once approved, the samples are taken up for production and supplied to large-format retailers and wholesalers in the local market. Its manufacturing activities are primarily carried out at its production facility in Barasat, North 24 Parganas, West Bengal. The company procures yarn, which is sent to external job workers for knitting and dyeing, while subsequent processes, including cutting, printing, stitching and finishing, are conducted in-house. The company also uses automated printing, sequencing and cutting machinery in its production operations.
Pros
- • The company has an integrated manufacturing setup, with most garment production processes carried out in-house. Knitting and dyeing are undertaken through external job workers, while cutting, printing, stitching and finishing are conducted at its own facility.
- • The company has a diversified product range with customisation capabilities, including t-shirts, joggers, co-ords, kidswear and casualwear. Its production setup can handle different fabrics, prints, embroidery, special washes and custom trims, and it can cater to both bulk and small-batch orders.
- • The company says it has a multi-stage quality control process managed by a third-party quality assurance partner. The process includes raw material checks, in-line inspections during stitching and finishing, and final audits based on the Acceptable Quality Limit (AQL) before dispatch.
Cons
- • The company’s top 10 suppliers contributed Rs 18.22 crore (47.15%), Rs 15.36 crore (55.81%), and Rs 9.51 crore (55.25%) to its total raw material purchases in FY25, FY24, and FY23, respectively. Any disruption in the supply of raw materials or increase in raw material and other input costs due to commodity price fluctuations, availability constraints, currency movements, changes in consumer demand, government policies or regulatory sanctions could adversely affect the company’s pricing, supply, business and financial condition.
- • The company’s top 10 customers contributed Rs 56.16 crore (93.22%), Rs 28.69 crore (99.35%), and Rs 21.85 crore (99.99%) to total sales in FY25, FY24, and FY23, respectively. Any loss of, or significant reduction in orders from these key customers could hurt the company’s sales, cash flows, profitability and operational stability.
- • The cost of raw material consumed amounted to Rs 38.86 crore, Rs 23.80 crore, and Rs 19.05 crore in FY25, FY24, and FY23, respectively, representing 64.46%, 82.27%, and 87.15% of total income. Any increase in fabric prices due to changes in yarn rates, fuel and transportation costs, demand and supply conditions, duties, taxes or trade restrictions, particularly as the company does not have fixed supply agreements with suppliers, may increase its production costs and adversely affect its profit margins and financial performance.
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