Fractal Industries IPO Day 3: Check subscription status, allotment date and steps

Fractal Industries IPO: The initial public offering of Fractal Industries has been subscribed 3.05 so far on Wednesday, February 18, the last day of bidding.

It got bids for 49,57,200 shares as against 16,23,600 shares on offer, according to the BSE data until 12:05 pm.

The ₹49 crore initial share sale is a fresh issuance of 22.68 lakh shares, with no offer for sale (OFS) component.

The net proceeds from the issue will be used for funding working capital requirements and general corporate purposes.

With a price band of ₹205 to ₹216 per share, a lot consists of 600 shares. Individual investors can apply for a minimum of two lots or 1,200 shares.

Fractal Industries, a full-service garment manufacturing and supply chain firm, is involved in sourcing, designing, and manufacturing garments. It offers end-to-end warehousing and logistics services to e-commerce platforms like Ajio, Myntra and Flipkart. It also provides support services such as inventory and return handling, product and order management, integrated logistics, multi-channel sales support, data analytics and order anomaly detection.

Fractal Industries IPO: Allotment and listing date

The basis of allotment of Fractal Industries is expected to be finalised on February 19, while the listing on the BSE SME platform will occur on February 23.

How to check Fractal Industries IPO allotment status on BSE

• Visit BSE's IPO allotment status page: https://bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ as the issue type
• From the ‘Issue Name’ list, pick ‘Fractal Industries Ltd’
• Mention either your application number or PAN card details
• Press the ‘Search’ button

Steps to check Fractal Industries IPO allotment status on KFin Technologies

• Visit registrar's official website: https://ipostatus.kfintech.com/
• In the ‘Select IPO’ list, choose ‘Fractal Industries Ltd’
• Add any one: IPO application number, PAN or Demat account number
• Click on ‘Submit’