By Wealthova | Last Updated: August 7, 2026
Fascinate Textiles Limited is stepping onto the NSE SME platform with a highly anticipated ₹66.99 Crore initial public offering. Established in 2017, the company has rapidly carved out a niche in the readymade apparel manufacturing sector, focusing heavily on high-demand infant and kids’ clothing across India. But as the garment manufacturer turns to the primary markets to fund aggressive manufacturing expansions and tackle working capital needs, the big question remains: Does this textile stock have the right fabric to deliver strong listing gains for retail investors? Below, we strip away the hype and break down the core fundamentals, hidden risks, and our Smart Market Insights to help you decide if you should hit subscribe or steer clear. Let’s dive into the details!
August 11, 2026
August 13, 2026
₹148 to ₹156
800 Shares
₹66.99 Cr
₹53.94 Cr
35% Allocation
₹10 Base
NSE SME IPO
Incorporated in 2017, Fascinate Textiles Limited has rapidly emerged as a quality-driven readymade apparel manufacturer based out of Kolkata, West Bengal. The company specializes in the end-to-end design, development, and bulk production of garments for domestic fashion brands, large-format retailers, and wholesalers.
The Fascinate Textiles IPO is a book-built SME issue aiming to raise a total of ₹66.99 Crore. This total comprises a Fresh Issue of ₹53.94 Crore and an Offer for Sale (OFS) of ₹13.04 Crore.
The company will directly receive the net proceeds only from the ₹53.94 Crore Fresh Issue, which will be strategically deployed toward the following core business objectives:
(Note: The proceeds from the ₹13.04 Crore Offer for Sale will go entirely to the existing promoters and selling shareholders, meaning this portion of the funds will not be invested back into the company's operations.)
| 📅 Period Ended | 📈 Total Income | 📉 Expense & Tax | 💰 PAT | 🏦 Assets |
|---|---|---|---|---|
| FY 2023 | ₹21.86 | ₹21.50 | ₹0.36 | ₹15.77 |
| FY 2024 | ₹28.90 | ₹28.42 | ₹0.48 | ₹25.45 |
| FY 2025 | ₹60.28 | ₹54.47 | ₹5.81 | ₹42.26 |
| Financial KPI (FY2025)* | Value |
|---|---|
| Return on Equity (ROE) | 78.00% |
| Return on Capital Employed (ROCE) | 42.41% |
| EBITDA Margin | 16.57% |
| PAT Margin | 9.65% |
| Debt to Equity Ratio | 1.74 |
| Earnings Per Share (EPS) | ₹5.64 (Basic) |
| Price/Earning (P/E) Ratio | ~36.97x (Post-IPO) |
Fascinate Textiles Limited has demonstrated remarkable financial acceleration, with top-line revenue doubling to ₹60.28 Crore and PAT jumping sharply to ₹5.81 Crore in FY25. The company’s specialized focus on infant and kids' apparel provides a strong niche within the B2B readymade garment segment, driving stellar return metrics like an ROE of 78.00% and ROCE of 42.41%. However, investors should approach with measured caution. The dramatic multi-fold surge in FY25 profitability raises questions regarding earnings sustainability, while a relatively high Debt-to-Equity ratio of 1.74 reflects notable operational leverage. At a post-IPO P/E multiple of ~36.97x, the valuation is fully priced for an SME textile player, leaving minimal margin of safety for conservative retail investors.
Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Public market listings are inherently volatile and carry risk. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.
| Role / Entity | Contact & Details |
|---|---|
| 📋 IPO Registrar |
Cameo Corporate Services Limited
Phone: +91 44 2846 0390
Email: investor@cameoindia.com
Website: cameoindia.com
|
| 🏢 Company Contact |
Fascinate Textiles Limited
3/A, Digberia, Kutul Sahi Road, Barasat, Ward No. 29, Kolkata, West Bengal - 700 124
Phone: +91 82403 01827
Email: compliance@fascinatetextile.in
Website: fascinatetextile.com
|
| 💼 Merchant Bankers |
Book Running Lead Manager:
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