Fractal Industries IPO Day 3: Issue Subscribed 4 Times as Bidding Closes Today

The Fractal Industries IPO Day 3 has turned out to be eventful.

As bidding closes today, February 18, the ₹49-crore public issue has already been subscribed 4 times. The momentum started on Day 1 itself. By Day 3, investor participation remained steady across categories.

Let’s break this down in simple words — what’s happening, who is subscribing, and what it means for the issue.

Market Performance: Fractal Industries IPO Day 3 Subscription Update

The ₹49-crore IPO of Fractal Industries opened for subscription on February 16 and is set to close today, February 18.

Here’s how the numbers stand:

• Total subscription: 4 times
• Total shares on offer: 15,09,600
• Total bids received: 60,32,400 shares

The issue comfortably crossed full subscription on Day 1 itself. By Day 3, it continued attracting demand from institutional as well as retail investors.

When an IPO closes fully subscribed on the first day, it often signals strong market interest. The Fractal Industries IPO Day 3 data reflects that confidence.

Category-Wise Subscription Breakup

The demand was evenly spread, but some segments stood out.

• Qualified Institutional Buyers (QIBs): Subscribed 5.82 times
• Non-Institutional Investors (NIIs): Subscribed 4.99 times
• Retail Investors: Subscribed 2.53 times

Institutions led the participation, followed closely by non-institutional investors. Retail investors also participated meaningfully, crossing 2.5 times subscription.

The overall subscription pattern in Fractal Industries IPO Day 3 shows broad-based interest.IPO Structure and Issue Details

The structure of this issue is simple and clean.

• Issue Size: ₹49 crore
• Type: Entirely Fresh Issue
• Offer-for-Sale (OFS): None

This is important. Since there is no OFS component, the entire ₹49 crore will go directly to the company.

Utilisation of Funds

The company plans to use the IPO proceeds for:

• Working capital requirements
• General corporate purposes

That means the money is meant for business operations and day-to-day expansion needs, not for promoter exits.

Price Band and Application Details

The company fixed the IPO price band at:

• ₹205 to ₹216 per share

This is an SME IPO, which means the lot size is larger than mainboard IPOs.

• Lot size: 600 shares
• Minimum retail application: 2 lots
• Minimum investment for retail: ₹2,59,200

Investors applying in the retail category were required to bid for at least two lots, taking the application value above ₹2.59 lakh at the upper end of the price band.

For many retail participants, this higher ticket size naturally influences participation decisions.

Important Dates to Watch

As Fractal Industries IPO Day 3 closes, here are the next milestones:

• IPO Closing Date: February 18
• Allotment Status: February 19
• Tentative Listing Date: February 23

The allotment process begins immediately after closing, followed by listing within a few days.

About Fractal Industries

Fractal Industries operates in the garments business.

The company is engaged in:

• Designing garments
• Sourcing materials
• Manufacturing apparel
• Providing end-to-end warehousing
• Offering supply chain services

It primarily caters to e-commerce platforms across India.

Client Platforms

Fractal Industries supplies garments to major online marketplaces such as:

• Myntra
• Ajio
• Similar e-commerce platforms

It has established a pan-India presence.

Manufacturing Capacity

The company has:

• Monthly manufacturing capacity of over 3,00,000 garment units

This production scale supports its supply commitments to e-commerce marketplaces.

Why Fractal Industries IPO Day 3 Saw Steady Demand?

From a market participation standpoint, a few structural aspects are visible:

1. Fully fresh issue structure
2. Clear fund utilisation plan
3. Category-wise balanced subscription
4. Business presence across pan-India markets

The Fractal Industries IPO Day 3 subscription at 4 times indicates healthy demand across segments, especially from institutions.

What Happens After Fractal Industries IPO Day 3?

Now that bidding closes today, attention shifts to:

• Basis of allotment
• Refunds and credit of shares
• Listing on February 23

SME IPOs often move quickly through listing timelines, and Fractal Industries follows that structure.

Quick Snapshot: Fractal Industries IPO Day 3

Summary: Fractal Industries IPO Day 3 in Focus

The Fractal Industries IPO Day 3 closed with a 4-times subscription, reflecting steady participation from institutional, non-institutional, and retail investors.

The ₹49-crore IPO is a pure fresh issue with no offer-for-sale component. The entire proceeds will flow directly into the company and will be used to meet its working capital requirements and support general corporate operations.

The spotlight now shifts to allotment on February 19 and the scheduled listing on February 23.

As always, IPO activity reflects investor participation trends. And for now, the numbers clearly show that Fractal Industries IPO Day 3 managed to sail through with solid demand across categories.

Source: Livemint