Fascinate Textiles IPO is a Book Building listing on NSE EMERGE exchange, with an ipo size of ₹ 66.99 Cr. The company is based in Kolkata and caters to Textiles - Fabrics sector. Affinity Global Capital Market is the merchant banker of Fascinate Textiles IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 26th September 2025.
The Fascinate Textiles IPO opens for subscription today, 11 August 2026, on the NSE SME Emerge platform. The Fascinate Textiles IPO is priced at Rs 148 to Rs 156 per share and will raise Rs 66.98 crore at the upper end of the price band. The lot size is 800 shares, but the minimum retail application is 1,600 shares (two lots), requiring an investment of Rs 2,49,600 at the upper price band of Rs 156. The Fascinate Textiles IPO will remain open until August 13, with allotment expected on August 14 and shares scheduled to list on NSE SME Emerge on August 18, 2026.
The Fascinate Textiles IPO comprises a fresh issue of Rs 53.94 crore (34,57,600 equity shares) and an offer for sale of Rs 13.04 crore (8,36,000 equity shares). Affinity Global Capital Market Private Limited is the lead manager and Cameo Corporate Services Limited is the registrar. Fascinate Textiles Limited is a B2B readymade garment manufacturer based in Barasat, West Bengal.
Table of Contents
- Fascinate Textiles IPO: Key Details
- About Fascinate Textiles: B2B Garment Manufacturing
- Fascinate Textiles IPO Financial Performance
- Use of Proceeds
- Key Risks
- Conclusion
Fascinate Textiles IPO: Key Details
| Particulars | Details |
|---|---|
| Issue Size | Rs 66.98 crore (42,93,600 shares) |
| Fresh Issue | Rs 53.94 crore (34,57,600 shares) |
| Offer for Sale | Rs 13.04 crore (8,36,000 shares) |
| Price Band | Rs 148 to Rs 156 per share |
| Face Value | Rs 10 per share |
| Lot Size | 800 shares (min 2 lots = 1,600 shares = Rs 2,49,600) |
| Open / Close | 11 August to 13 August 2026 |
| Allotment | 14 August 2026 |
| Listing | 18 August 2026 (NSE SME Emerge) |
| Lead Manager | Affinity Global Capital Market Pvt. Ltd. |
| Registrar | Cameo Corporate Services Ltd. |
| Investor Allocation | QIB 50%; NII 15%; Retail 35% |
About Fascinate Textiles: B2B Garment Manufacturing
Fascinate Textiles Limited is a B2B readymade garment manufacturer based in Barasat, West Bengal. The company caters to menswear, womenswear and childrenswear segments, supplying primarily to other businesses rather than directly to end consumers. Its product mix in FY26 comprised approximately 38.41 percent kidswear, 28.71 percent menswear and 21.97 percent infantwear, with other categories making up the remainder. The company produced 5.76 million garments in FY26, up significantly from 3.11 million in FY25, while its garment manufacturing facility operated at an impressive 106.7 percent capacity utilisation on a double-shift basis.
The Fascinate Textiles IPO also benefits from the company's early steps into export markets. Fascinate Textiles has commenced exports to Saudi Arabia and the UAE, marking the beginning of its international expansion. As of March 31, 2026, the company employed 254 people, including 106 permanent staff and 148 contract workers. The Fascinate Textiles IPO represents the company's maiden public market capital raise.
Fascinate Textiles IPO Financial Performance
The Fascinate Textiles IPO is supported by rapid financial growth. Revenue grew from Rs 28.90 crore in FY25 to Rs 60.28 crore in FY26, an increase of approximately 108.6 percent in a single year. Profit after tax surged from Rs 0.48 crore in FY25 to Rs 5.81 crore in FY26. The Fascinate Textiles IPO's financial trajectory reflects the company's successful capacity expansion, improving product mix and the growth of its customer base across domestic and export markets.
The very high capacity utilisation rate of 106.7 percent indicates that the company is operating its existing facility at maximum output, making fresh investment in an additional manufacturing facility a business necessity rather than just an aspiration. The Fascinate Textiles IPO proceeds will partly fund this new facility expansion, which is expected to meaningfully increase production capacity and revenue potential.
Use of Proceeds
The fresh issue proceeds from the Fascinate Textiles IPO will fund working capital requirements, repayment of secured and unsecured loans, capital expenditure for a new manufacturing facility and general corporate purposes. The OFS proceeds go to selling shareholders.
Key Risks
The Fascinate Textiles IPO carries risks inherent in garment manufacturing, including raw material price volatility, dependence on B2B customer concentration, competitive pressure from established garment manufacturers and the execution risk of setting up a new manufacturing facility. The SME listing implies lower secondary market liquidity. The minimum retail investment of Rs 2,49,600 is suitable only for investors with adequate capital and a higher risk appetite. Read the RHP carefully before applying.
Grey market premium data for this IPO circulates informally and is not published, verified or endorsed by SEBI, NSE or BSE. GMP is unofficial, frequently inaccurate and should not be the basis for any investment decision. For GMP updates, check dedicated IPO tracking platforms and verify information independently.
Conclusion
The Fascinate Textiles IPO opens today, 11 August 2026, on NSE SME Emerge at a price band of Rs 148-156 per share. The Rs 66.98 crore issue, with FY26 revenue doubling to Rs 60.28 crore and capacity utilisation at 106.7 percent, represents a high-growth B2B garment manufacturer from West Bengal. Allotment is expected on August 14 and listing on NSE SME Emerge on August 18. Consult a SEBI-registered advisor before applying to the Fascinate Textiles IPO.