Shares of Fascinate Textiles Ltd. made a weak debut on the NSE SME platform on August 24, 2026, listing at Rs 120.80 per share, at a 20% discount to the IPO issue price of Rs 151. The stock weakened further after listing, touching an intraday low of Rs 114.80.
The muted debut came despite the company’s IPO receiving a positive response during the subscription period.
The IPO was open for subscription from August 11 to August 19, 2026, and was subscribed 1.48 times overall. The retail portion was subscribed 1.37 times, while the Non-Institutional Investors (NII) category was subscribed 1.06 times. The Qualified Institutional Buyers (QIB) portion saw significantly stronger demand, with the issue subscribed 22.74 times.
Despite the subscription interest, the stock made a weak debut, opening well below its issue price.
The Rs 64.83 crore IPO comprised a fresh issue of 35 lakh shares worth Rs 52.21 crore and an offer for sale (OFS) of 8 lakh shares worth Rs 12.62 crore.
The company had fixed the IPO price band at Rs 142–151 per share
Fascinate Textiles plans to deploy the net IPO proceeds primarily towards expanding its manufacturing capacity, funding working capital requirements and reducing its debt burden.
The company has allocated Rs 12.40 crore towards capital expenditure for setting up an additional manufacturing facility, Rs 19.03 crore for working capital requirements and Rs 2.68 crore for the prepayment or repayment, either partially or fully, of certain secured and unsecured borrowings.
The balance proceeds will be used for general corporate purposes and issue-related expenses. Overall, the proposed fund utilisation is aimed at supporting the company’s capacity expansion plans, strengthening its operational requirements and improving its financial position.
Financial performance: Strong growth in FY26
Fascinate Textiles reported a strong improvement in its financial performance during FY26. Total income surged 94%, nearly doubling from Rs 60.28 crore in FY25 to Rs 117.23 crore in FY26.
The company’s profitability witnessed even stronger growth, with Profit After Tax (PAT) jumping 159% from Rs 5.81 crore in FY25 to Rs 15.07 crore in FY26. The sharp rise in both revenue and profit highlights the company’s strong growth momentum during the year.
About Fascinate Textiles Ltd.
Established in February 2017, Fascinate Textiles Limited is engaged in the manufacturing of ready-made garments for men, women and children, with a particular focus on children’s apparel.
Its product portfolio includes T-shirts, joggers, vests, leggings, shorts, infant wear and other garments catering to various age groups and market segments. The company is ISO 9001:2015 certified, reflecting its focus on quality standards and efficient manufacturing processes.
Fascinate Textiles operates its own manufacturing facility in Barasat, North 24 Parganas, West Bengal, where its key production activities are carried out.
As of March 31, 2026, the company had a total workforce of 254 employees, comprising 106 permanent employees and 148 contractual employees.
