Fractal Industries IPO subscribed 47% so far on Day 1; check price band, lot size and key dates

Fractal Industries IPO: The initial public offering of Fractal Industries has been subscribed 47% so far on the first day of bidding on Monday, February 16. The issue will conclude on Wednesday, February 18.

The issue secured bids for 7,69,200 shares compared to 16,23,600 shares on offer, according to BSE data until 1:03 pm. The part reserved for individual investors has been subscribed 12%, while the quota for non-institutional investors (NIIs) was booked 23%. The portion for qualified institutional buyers (QIBs) received 1.35 times subscription.

The ₹49 crore initial share sale, with a price band of ₹205 to ₹216 per share, is exclusively a fresh issuance of 22,68,600 shares. There is no offer for sale (OFS) component.

The funds generated will be used for working capital needs, general corporate purposes and issue-related expenses.

Fractal Industries IPO: Lot size

A lot consists of 600 equity shares. The least investment for an individual investor is 1,200 shares or two lots.

Fractal Industries IPO: Allotment and listing date

Finaax Capital Advisors Pvt Ltd is the issue's sole merchant bank, while KFin Technologies Ltd is the registrar.

The company's shares will debut on the SME platform of the BSE.

Fractal Industries is involved in designing, sourcing and manufacturing garments. It offers end-to-end warehousing and supply chain services to e-commerce platforms. It is a full-service garment maker and technology-driven supply chain management company focused on high-quality, fast-moving apparel for e-commerce marketplaces such as Myntra, Ajio and similar platforms.

Its manufacturing unit is located in Mumbai, with warehouses situated in Maharashtra, Karnataka, Haryana, Gujarat and West Bengal. It also offers a wide range of value-added services to improve e-commerce operations, including data analytics, integrated logistics management, order management systems, multi-channel sales enablement, order anomaly detection, inventory and returns management, and product management systems.