Fractal Industries IPO Shows Moderate Response, Subscribed 5.44x on Day 3

Fractal Industries Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third and final day of subscription. The stock price band is set at ₹205-216 per share. The ₹49.00 crore IPO reached 5.44 times by 5:00:02 PM on day three. 

Fractal Industries IPO subscription reached moderate 5.44 times on day three. It was led by Non-Institutional Investors (7.91x), Qualified Institutional Buyers Ex-Anchor (5.95x), and Individual Investors (4.09x). Total applications reached 3,278.

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Subscription Status of Fractal Industries IPO:

Here are the subscription details for Fractal Industries IPO as of Day 3 (February 18, 2026, 5:00:02 PM):

Key Highlights - Day 3:

• Overall subscription reached moderate 5.44 times, showing substantial improvement from day two's 2.09 times
• Non-institutional investors displaying moderate interest at 7.91 times, building substantially from day two's 1.23 times, indicating improved HNI demand for this garment manufacturing and supply chain company
• Qualified institutional buyers (ex-anchor) displaying moderate performance at 5.95 times, building modestly from day two's 4.96 times, indicating consistent institutional appetite
• Individual investors showing moderate confidence at 4.09 times, building substantially from day two's 0.82 times, indicating improved retail demand for this SME IPO
• Cumulative bid amount reached ₹177.37 crores, significantly exceeding the net offer size of ₹46.54 crores (excluding anchor and market maker portions) by approximately 4 times

Fractal Industries IPO - Day 2 Subscription at 2.09 Times

Key Highlights - Day 2:

• Overall subscription reached moderate 2.09 times, showing modest improvement from day one's 1.65 times
• Qualified institutional buyers displaying moderate performance at 4.96 times, marginally improving from day one's 4.85 times
• Non-institutional investors showing moderate performance at 1.23 times, building substantially from day one's 0.70 times
• Individual investors showing weak confidence at 0.82 times, building substantially from day one's 0.22 times

Fractal Industries IPO - Day 1 Subscription at 1.65 Times

Key Highlights - Day 1:

• Overall subscription reached moderate 1.65 times, showing moderate initial investor interest
• Qualified institutional buyers displaying moderate performance at 4.85 times, indicating strong institutional interest from day one
• Non-institutional investors showing weak performance at 0.70 times, indicating weak HNI appetite
• Individual investors showing weak confidence at 0.22 times, indicating very weak retail interest on day one

About Fractal Industries Limited

Fractal Industries is a full-service garment manufacturing and supply chain company. The company designs, sources, and manufactures garments, and provides end-to-end warehousing and logistics services to e-commerce platforms like Myntra, Ajio, and Flipkart. The company operates across India and focuses on producing fast-moving, high-quality apparel for online marketplaces. It also offers support services such as product and order management, inventory and return handling, integrated logistics, data analytics, multi-channel sales support, and order anomaly detection.