Fractal Industries made its stock market debut on 24 February 2026 with a modest premium over its initial public offering (IPO) price. The company’s shares listed on the BSE SME platform, reflecting measured investor interest following a moderately subscribed public issue.
The listing performance comes after the IPO attracted participation across institutional, non-institutional and retail investor categories.
Fractal Industries shares opened at ₹229 per share on the BSE SME platform, compared with the IPO price of ₹216 per share. The listing translated into a gain of about 6% for investors who were allotted shares in the public offering.
The debut indicated stable market reception, with gains remaining within a moderate range typically seen in SME listings.
The IPO was available for subscription between 16 February and 18 February and received an overall subscription of 5.44 times.
Qualified institutional buyers (excluding anchor investors) subscribed to nearly 5.95 times their allocated portion. The non-institutional investor segment recorded stronger participation, with bids reaching 7.91 times the reserved quota.
Retail investors subscribed 4.09 times their allocation, indicating balanced participation across categories.
Ahead of the public issue, anchor investors committed approximately ₹13.93 crore to the offering. Around 6,45,000 shares were allotted under the anchor portion, providing early institutional backing before the IPO opened to the broader market.
Fractal Industries’ IPO was structured as a book-built issue aggregating to ₹49 crore. The offering consisted entirely of a fresh issue of approximately 0.23 crore equity shares, meaning the company directly raised capital rather than facilitating an offer for sale by existing shareholders.
The company stated that the majority of the net proceeds, amounting to about ₹36.50 crore, will be deployed towards working capital requirements. The remaining funds are intended for general corporate purposes, including operational and business expansion needs.
Finaax Capital Advisors Private Limited acted as the book-running lead manager for the IPO, while Kfin Technologies Ltd. served as the registrar. Shreni Shares Ltd. functioned as the market maker for the issue, supporting liquidity in the SME segment following listing.
Fractal Industries’ market debut reflected a steady rather than aggressive investor response, supported by moderate subscription levels and institutional participation. The company’s focus on strengthening working capital through fresh capital infusion may influence its operational trajectory, while future trading performance will depend on execution and broader market conditions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all related documents carefully before investing.
Published on: Feb 24, 2026, 2:03 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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