Fascinate Textiles made its debut on the NSE SME platform at ₹120.80 per share, representing a 20% discount to its initial public offer price of ₹151. According to reports from The Economic Times, the stock experienced volatility during its first trading session, hitting a high of ₹120.80 and a low of ₹114.80. The counter is currently frozen at its lower limit of 5% over the listing price, indicating immediate selling pressure from investors. The muted debut came despite the company's IPO receiving positive subscription response during the bidding period.
The company's IPO was subscribed 1.48 times during its bidding period from August 11 to August 19, 2026. As reported by The Economic Times, 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. The IPO comprised ₹64.83 crore total, including a fresh issue of 35 lakh shares worth ₹52.21 crore and an offer for sale of 8 lakh shares worth ₹12.62 crore. The price band was fixed between ₹142 to ₹151 per share.
According to The Economic Times, approximately 1.98 lakh shares of Fascinate Textiles changed hands during the first trading session. The stock's trading range between the high of ₹120.80 and low of ₹114.80 reflects the immediate market response to the listing price. The 23.97% discount to the issue price of ₹151 indicates investor sentiment following the market debut, despite the positive subscription response during the bidding period.
As reported by The Economic Times, Fascinate Textiles recorded revenue from operations of ₹117.09 crore and net profit of ₹15.10 crore for the period ended March 31, 2026. The company's profitability witnessed even stronger growth, with Profit After Tax (PAT) jumping 159% from ₹5.81 crore in FY25 to ₹15.07 crore in FY26. The sharp rise in both revenue and profit highlights the company's strong growth momentum during the year. The company is engaged in manufacturing readymade garments with operations based in West Bengal, offering products across menswear, womenswear and childrenswear categories.
According to The Economic Times, the company has allocated ₹12.40 crore towards capital expenditure for setting up an additional manufacturing facility, ₹19.03 crore for working capital requirements, and ₹2.68 crore for prepayment or repayment of secured and unsecured borrowings. The balance proceeds will be used for general corporate purposes and issue-related expenses. The company's focus on children's garments and its operations in West Bengal position it in the competitive readymade garment manufacturing sector, with 254 employees as of March 31, 2026, comprising 106 permanent and 148 contractual employees.
