Fascinate Textiles IPO
Fascinate Textiles LtdSME
This IPO has listed.
- Open date
- 11 Aug 2026
- Close date
- 19 Aug 2026
- Min. Investment
- ₹2,41,600
- Lot Size
- -
- Fresh Issue
- ₹52.21 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers22.74x
- Non-Institutional Investors1.06x
- Retail-Individual Investors1.37x
- Total1.45x
Schedule
- Completed: IPO open date11 Aug 2026
- Completed: IPO close date19 Aug 2026
- Completed: Allotment date20 Aug 2026
- Completed: Funds unblock or debit21 Aug 2026
- Completed: Tentative listing date24 Aug 2026
About
Promoter shareholding in Fascinate Textiles Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Vishal Nahar | 37,93,922 | 36.82% | 37,93,922 | 27.57% |
| Chirag Ahuja | 13,64,055 | 13.24% | 13,64,055 | 9.91% |
| Rishabh Nahar | 9,33,324 | 9.06% | 9,33,324 | 6.78% |
| Narinder Kumar Ahuja | 13,64,069 | 13.24% | 13,64,069 | 9.91% |
| Vishal Nahar HUF | 6,47,500 | 6.28% | 6,47,500 | 4.71% |
| Neetu Nahar | 17,00,000 | 16.50% | 8,64,000 | 6.28% |
| Pradeep Kumar Agarwal | 39,200 | 0.38% | 39,200 | 0.28% |
| Encore Events Private Limited | 14,000 | 0.14% | 14,000 | 0.10% |
| Karnika Industries Limited | 98,000 | 0.95% | 98,000 | 0.71% |
| Somnath Modi | 98,000 | 0.95% | 98,000 | 0.71% |
| Neha Modi | 98,000 | 0.95% | 98,000 | 0.71% |
| Asish Purekha | 98,000 | 0.95% | 98,000 | 0.71% |
Fascinate Textiles IPO Strengths & Risks
- Organizational stability along with management expertise.
- Established reputation and customer relationships.
- Focus on consistently meeting quality standards.
- Well Established Manufacturing Facility designed for wide range of products.
- Experienced Management Team and a motivated and efficient workforce.
- Risks Relating to the Business: The company is dependent on its suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of its raw materials, or an increase in the company's raw material costs and other input costs, may adversely affect the pricing and supply of its products with subsequently having an adverse effect on the business, results of operations and financial conditions of the company.
- Risks Relating to the Business: The company's business is substantially dependent on certain key customers, from whom its derives a significant portion of the company's revenues. The loss of any significant customer may have a material and adverse effect on its business and results of operations.
- Risks Relating to the Business: The company's cost of production is exposed to fluctuations in the prices of its major raw material, especially of fabrics.
- Risks Relating to the Business: Significant portion of the company's revenue has been generated from Eastern & Southern part of India, any loss of business from these states may adversely affect its revenues and profitability.
- Risks Relating to the Business: The company's business is both manpower and machine intensive. Its business may be adversely affected by strikes, work stoppages, increased wages demands by the company's employees, or any other kind of disputes with its employees, and if the company is unable to engage new employees at commercially attractive terms.
- Risks Relating to the Business: The Company's operations requires significant amount of working capital for a continuing growth. Its inability to meet the company's working capital requirements may adversely affect its results of operations.
- Risks Relating to the Business: Fraud, theft, employee negligence or similar incidents may adversely affect the company's results of operations and financial condition.
- Risks Relating to the Business: The company is dependent on its Promoters, Directors and Key Managerial Personnel of the Company for success whose loss could seriously impair the ability to continue to manage and expand business efficiently.
- Risks Relating to the Business: Trade Receivables forms a significant part of the company's current assets. Failures to manage its trade receivables could have an adverse effect on the company's sales, profitability, cash flow and liquidity.
- Risks Relating to the Business: History of negative cash flows from operating activities may adversely affect the company's liquidity, financial condition and results of operations.
- Risks Relating to the Business: There are certain delays in some of the company's corporate records relating to forms filed with the Registrar of Companies and other provision of Companies Act, 1956/2013. Any penalty or action taken by any regulatory authorities in future, for delay filing with provisions of corporate and other law could impact the financial position of the Company to that extent.
- Risks Relating to the Business: The company is dependent on third party transport providers for the delivery of its raw material and Finished products. Accordingly, continuing increases in transportation costs or unavailability of transportation services for them, as well the extent and reliability of Indian infrastructure may have an adverse effect on the company's business, financial condition, results of operations and prospects.
- Risks Relating to the Business: The company's income and sales is subject to seasonal fluctuations and lower income in a peak season may have a disproportionate effect on its results of operations.
- Risks Relating to the Business: The company's high debt-to-equity ratio may affect its liquidity, the company's ability to service debt, and affect its overall financial position.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to do so in the future.
- Risks Relating to the Business: The company has taken guarantees from Promoters in relation to debt facilities provided to it.
- Risks Relating to the Business: There have been several instances of delay in filing of GST, EPF and ESIC returns by the Company in the past.
- Risks Relating to the Business: The company has filed application for the trademark registration but its may not be able to prevent unauthorized use of the company's intellectual property.
- Risks Relating to the Business: The company's Promoters, Directors, Key Managerial Personnel and members of Senior Management are interested in the Company other than reimbursement of expenses or normal remuneration or benefits which may result in a conflict of interest with it.
- Risks Relating to the Business: There are outstanding legal proceedings involving the Company. Any adverse decisions could impact its cashflows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on the company's business, prospects, results of operations and financial condition.
- Risks Relating to the Business: The company's business is dependent on its manufacturing facilities and the company is subject to certain risks in the company's manufacturing process. Obsolescence, destruction, theft, breakdowns of its machineries or failures to repair affect the company's business, cash flows, financial condition and results of operations.
- Risks Relating to the Business: The company's business prospects and results of operations may be adversely affected if the company is unable to grow business in additional geographic regions or international markets.
- Risks Relating to the Business: The Company is dependent on its Promoters and will continue to be controlled by the Promoters so long as they hold a majority of the Equity Shares.
- Risks Relating to the Business: The company's business requires it to obtain and renew certain licenses and permits from government, regulatory authorities and the failures to obtain or renew them in a timely manner may adversely affect its business operations.
- Risks Relating to the Business: Its contingent liabilities as stated in the company's Restated Financial Statements could adversely affect its financial condition.
- Risks Relating to the Business: The Company has, in the past, filed certain forms relating to directors under categories that were not aligned with the applicable ROC classifications, and any regulatory observations in this regard may have an impact on the company's business and operations.
- Risks Relating to the Business: There may be potential conflicts of interest between the Company and entities forming part of its Promoter Group or entities in which the company's Directors may be interested.
- Risks Relating to the Business: The company does not hold any copyright or other forms of intellectual property protection in relation to the designs of its products.
- Risks Relating to the Business: The company does not hold any patents or other form of intellectual property protection in relation to the company's manufacturing processes.
- Risks Relating to the Business: The company has borrowed certain unsecured loans that may be payable on demand.
- Risks Relating to the Business: The company has incurred indebtedness and an inability to obtain further financing or to comply with repayment and other covenants in the company's financing agreements could adversely affect its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company's labor-intensive operations, along with its reliance on third-party contract labour particularly during peak periods may expose the company to operational disruptions and compliance obligations arising from workforce-related issues such as strikes, wages demands, or service dependencies.
- Risks Relating to the Business: A portion of the Net Proceeds proposed to be utilized for repayment of certain loans will not result in the creation of any tangible assets.
- Risks Relating to the Business: The company also sells the products through network of retailers. Any inability to effectively manage or expand retail network may have an adverse effect on business, results of operations and financial condition.
- Risks Relating to the Business: The company may requires additional equity or debt in the future in order to continue to grow business, which may not be available on favourable terms or at all.
- Risks Relating to the Business: The Objects of the Offer for which funds are being raised have not been appraised by any bank or financial institution.
- Risks Relating to the Business: The Company may introduce new products that may not achieve commercial success, which could adversely affect the company's results of operations and financial condition.
- Risks Relating to the Business: The company's business may faces increasing competition from online retailers that may impact its pricing ability and results of operations.
- Risks Relating to the Business: The company has not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available from the online source.
- Risks Relating to the Business: The price of securities issued by the company in the past 12 months may be lower than the offer price.
- Risks Relating to the Business: The Company will not receive any proceeds from the Offer for Sale, and may not receive proceeds from the Offer.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoters could also be lower than the Offer Price.
- Risks Relating to the Business: The company's insurance coverage may not adequately protect it against all material hazards, which may adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: Delays or defaults in customer payments could adversely affect the company's financial condition.
- Risks Relating to the Business: Significant failures or disruption of the company's information technology systems could adversely impact its business, results of operations and financial condition.
- Risks Relating to the Business: The company's existing manufacturing facilities are concentrated in a single region, i.e. Barasat, West Bengal. Any slowdown or disruption in the company's manufacturing operations in any of its manufacturing facilities could have a material and adverse impact on the company's business and operations.
- Risks Relating to the Business: Inability to respond to evolving customer preferences may adversely impact the company's business.
- Risks Relating to the Business: Political, economic or other factors that are beyond the company's control may have an adverse effect on its business and results of operations.
- Risks Relating to the Business: The company's operations may be impacted by industrial accidents, physical hazards, or similar risks at its manufacturing premises, which could lead to operational disruption, financial loss, or reputational impact.
- Risks Relating to the Business: The company's estimates and forward-looking statements may prove to be inaccurate, which could adversely affect investors' perception and decision-making.
- Risks Relating to the Business: Underutilization of capacity of the company's manufacturing capacities and an ability to effectively utilize its expanded manufacturing capacities may adversely affect the company's business, future prospects and future financial performance.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of the company's financing arrangements.
- Risks Relating to the Business: The company's manufacturing facility is subject to operating risks, and any disruption or shutdown may adversely impact its business, financial condition, and results of operations.
- Risks Relating to the Business: The company has not made any alternate arrangements for meeting its regular working capital requirements. If the company is unable to manage/arrange funds (including at short notice) to meet its working capital requirements, there may be an adverse effect on the company's results of operations and financial performance.
- Risks Relating to the Business: If the company is unable to source business opportunities effectively, its may not achieve the company's financial objectives.
- Risks Relating to the Business: Hiring unskilled labour from third-party contract labour suppliers exposes it to the risk of operational inefficiencies, reduced product quality, and potential disruptions in business operations.
- Risks Relating to the Business: The company is subject to stringent quality and delivery requirements, and any failures to comply with such standards may lead to order cancellations, reputational harm, and adverse financial consequences.
- Risks Relating to the Business: The company's future success depends on its ability to build and promote the company's brands and protect its reputation. Any failures in these areas may affect the company's growth prospects.
- Risks Relating to the Business: The highly competitive nature of the garment manufacturing industry, particularly due to the presence of numerous unorganized players, may result in pricing pressure, market share loss, and impact the company's profitability.
- Risks Relating to the Business: NSE may not grant in-principle approval for listing of equity shares of the Company.
