NSE SME Fascinate Textiles gets off to a rocky start

Fascinate Textiles traded at Rs 114.80 on the NSE, a 23.97% discount to the issue price of Rs 151.

The scrip was listed at Rs 120.80, a 20% discount to the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 120.80 and a low of Rs 114.80. About 1.98 lakh shares of the company changed hands at the counter.

Fascinate Textiles' IPO was subscribed 1.45 times. The issue opened for bidding on 11 August 2026 and it closed on 19 August 2026. The price band of the IPO was fixed between Rs 142 to Rs 151 per share.

The IPO comprised 42,93,600 equity shares, including a fresh issue of 34,57,600 equity shares and offer for sale (OFS) of 8,36,000 equity shares.

The company intends to utilize the net proceeds for funding the working capital requirements, prepayment and repayment of all or a portion of certain secured and unsecured loan, funding capital expenditure requirement towards setting up additional manufacturing facility, to meet the offer-related expenses and general corporate purposes.

Fascinate Textiles is engaged in the manufacturing of readymade garments, with operations based in West Bengal. The company offers a diverse range of products across menswear, womenswear and childrenswear, with a significant focus on children?s garments. Its product portfolio includes T-shirts, joggers, vests, leggings, shorts and infant wear, catering to various age groups and end-use segments. The company had a total of 106 employees.

The company recorded revenue from operations of Rs 117.09 crore and net profit of Rs 15.10 crore for the period ended 31 March 2026.

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