Fascinate Textiles IPO
Textiles • ₹66.98 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹151
Lot Size
800 shares
Issue Size
₹66.98 Cr
Open
11 Aug 2026
Close
19 Aug 2026
Subscription
1.45×
IPO Schedule
| Issue Open Date | 11 Aug 2026 |
| Issue Close Date | 19 Aug 2026 |
| Allotment Date | 20 Aug 2026 |
| Listing Date | 23 Aug 2026 |
About Fascinate Textiles
Fascinate Textiles is a readymade garment manufacturing company based in West Bengal. The company manufactures garments for men, women and children, with a significant portion of its production focused on childrenswear. Its product range includes t-shirts, joggers, vests, leggings, shorts and infant wear, among other garments. The company develops samples based on buyer-provided themes and mood boards as well as through its in-house design initiatives. Once approved, the samples are taken up for production and supplied to large-format retailers and wholesalers in the local market. Its manufacturing activities are primarily carried out at its production facility in Barasat, North 24 Parganas, West Bengal. The company procures yarn, which is sent to external job workers for knitting and dyeing, while subsequent processes, including cutting, printing, stitching and finishing, are conducted in-house. The company also uses automated printing, sequencing and cutting machinery in its production operations.
Company Details
Founders / Promoters
Mr Vishal Nahar
Founded
2017
Registrar
CAMEO
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Fascinate Textiles — IPOFins Verdict
QuantitativeDriven by QIB demand at 22.7x and elevated disclosed risk (8/10), Fascinate Textiles listed at a discount of 20.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- The company has an integrated manufacturing setup, with most garment production processes carried out in-house. Knitting and dyeing are undertaken through external job workers, while cutting, printing
- The company has a diversified product range with customisation capabilities, including t-shirts, joggers, co-ords, kidswear and casualwear. Its production setup can handle different fabrics, prints, e
- The company says it has a multi-stage quality control process managed by a third-party quality assurance partner. The process includes raw material checks, in-line inspections during stitching and fin
- The company claims to follow an order-driven production model, with manufacturing generally commencing after buyer approval of samples and receipt of confirmed purchase orders. This allows production
- The company claims to have an experienced management and technically trained workforce. Its management team has experience in textile manufacturing, while its production workforce includes pattern mas
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score +2.0
Actual listing outcome → score −1.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹151
Listing Price
₹120.8
Listing Gain/Loss
-20.00%
Listing Date
23 Aug 2026
Price Since Listing
Returns are measured against the ₹151 issue price.
Listing
₹120.8
-20.0%
Current
₹53.15
-64.8%
Want to buy this stock?
Trade Fascinate Textiles on the secondary market
FAQ
What is the price band of Fascinate Textiles IPO?
The price band is ₹151 per share with a lot size of 800 shares. Minimum investment: ₹1,20,800.
What does Fascinate Textiles do?
Fascinate Textiles is a readymade garment manufacturing company based in West Bengal. The company manufactures garments for men, women and children, with a significant portion of its production focused on childrenswear. Its product range includes t-shirts, joggers, vests, leggings, shorts and infant wear, among other garments. The company develops samples based on buyer-provided themes and mood boards as well as through its in-house design initiatives. Once approved, the samples are taken up for production and supplied to large-format retailers and wholesalers in the local market. Its manufacturing activities are primarily carried out at its production facility in Barasat, North 24 Parganas, West Bengal. The company procures yarn, which is sent to external job workers for knitting and dyeing, while subsequent processes, including cutting, printing, stitching and finishing, are conducted in-house. The company also uses automated printing, sequencing and cutting machinery in its production operations.
Should I apply for Fascinate Textiles IPO?
Fascinate Textiles listed at ₹120.8 (-20.0% discount to the ₹151 issue price) after 1.4x subscription. IPOFins Score 4/10: Driven by QIB demand at 22.7x and elevated disclosed risk (8/10), Fascinate Textiles listed at a discount of 20.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Fascinate Textiles?
Fascinate Textiles was founded by Mr Vishal Nahar in 2017.